Margin Call and Stop Out indicator.
Almost all traders are familiar with the concepts of margin call and stop out in exchange trading. The broker is responsible for these parameters, and their amounts can be found on their website.
A margin call is the level of loss on a client's account that, if reached, the broker is obligated to notify the trader.
For example, a margin call is 40%; in theory, the broker will call you as soon as the loss reaches this level.
A stop out is the level of loss that, when reached, the broker will forcibly close the trade to preserve the funds provided as leverage. It is typically 10%.
These levels are more important for the broker than for the trader, as they protect their funds, but many investors still prefer to monitor these 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
