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.
Afterwards, restart the terminal and add Bergov_MarginStopOut to the chart. You won't see anything, however, since the script only starts running when an order is open. Otherwise, how can you calculate the margin call and stop out amount without the trade volume?.
As soon as a new order is opened, two red lines will appear on the chart, one of which characterizes the margin call, and the other the stop out.
As a result, you will get a picture like this:
It's up to you to judge how useful this tool is, but in my opinion, it allows you to understand how risky a trade you've opened is and how quickly it could be closed by the broker.
If the signal lines are extremely close to your position, you should reduce the trade size by partially closing the order; otherwise, you risk losing everything.
The indicator works fine in the MetaTrader 4 terminal with a five-digit quote.
Download the Margin Call and Stop Out Indicator .
You can find other useful scripts here: http://time-forex.com/skripty
