Margin Call and Stop Out indicator.
Almost all traders know about such concepts in stock trading as margin call and stop out; the broker is responsible for these parameters and their size can be found on his website.
Margin call is the level of losses on the client’s account, upon reaching which the broker will be obliged to notify the trader.
For example, the margin call is 40%, as soon as the loss reaches this level the broker will call you (in theory).
Stop out is the level of losses upon reaching which the broker will forcefully close the transaction in order to preserve his own funds that were provided as leverage.
Usually equal to 10%. These levels play a greater role for the broker than for the trader, as they protect his funds, but still many investors prefer to monitor such levels.
It is best to use special forex indicators to monitor this parameter.
Then we reboot the terminal and add Bergov_MarginStopOut to the chart, but you will not see anything, since the script starts working only when an order is open. Otherwise, how can you calculate the size of a margin call and stop out if there is no transaction volume.
As soon as a new order is opened, two red lines will appear on the chart, one of which characterizes a margin call, and the other a stop out.
As a result, you will get this picture:
How useful this tool is is up to you to judge, but, in my opinion, it makes it possible to understand how risky a trade you have opened and how quickly it can be closed at the broker’s initiative.
If the signal lines are as close as possible to your position, you need to reduce the transaction volume by partially closing the order, otherwise you risk losing everything.
The indicator works normally in the MetaTrader 4 terminal with a five-digit quote.
Download Margin Call and Stop Out Indicator .
You will find other useful scripts here - http://time-forex.com/skripty