Trading statistics with the Iprofit Custom script
Each trader has his own goals, namely, someone stops trading upon reaching a certain amount of profit, someone upon reaching a certain percentage of the deposit, and someone stops trading after receiving a certain percentage of loss.
One way or another, no matter what strategy a trader uses, the main thing is to have clear goals and limits that allow you not to give in to the animal instinct and the desire to win back or conquer the Forex market.
However, in practice, maintaining such statistics is not easy, since you have to carry out additional calculations or register with special monitoring services on an ongoing basis.
That is why, in order to see all the trading statistics on the account and not resort to third-party services, special information assistant indicators were created.
It is worth noting that the Iprofit Custom indicator is an information assistant and does not give any signals to enter the market.
That is why you can safely use the indicator on all currency pairs and time frames, since the tool provides general information on the account without any connection to a specific instrument.
Installing the Iprofit Custom indicator
The Iprofit Custom indicator is a custom development that was created by Russian programmer Igor Kim specifically for tracking account statistics on the MT4 trading terminal.
That is why, in order to use the indicator, you will need to download the tool file at the end of the article, and then install it in the MT4 trading terminal.
The installation procedure for Iprofit Custom follows a standard procedure and is no different from installing any other custom indicator, namely, you will need to drop the downloaded indicator file into the appropriate folder in the terminal data directory.
In order to enter the data directory, launch your MT4 trading terminal and go to the file menu in the upper left corner. Then, in the list of options that appears, find the line called “Open Data Directory” and run it.
After launching the data catalog, a list of platform system folders will be displayed on your monitor screen, among which find the folder called Indicators and drop the previously downloaded Iprofit Custom indicator file into it.
The next step after installation is to update the terminal in the navigator panel, or restart the trading terminal. After restarting, Iprofit Custom will appear in the list of custom indicators, and in order to see account statistics, just drag the name of the instrument onto the chart.
Iprofit Custom indicator table data. Settings
After plotting the Iprofit Custom indicator on the chart, you will see four bars. The first column displays profit in points, the second shows profit in lots, the third shows profit in the deposit currency, and the fourth column shows profit in percentages.
Also, for convenience, the indicator highlights profit in green and loss in red.
In the table you can see profit data for the current period, per day, for the last five days by day, profit for the week, for the month, for the quarter, and also for the year.
If we talk about the indicator settings, then all the parameters relate only to visualization and are made in Russian. So in the “Indicator anchor angle” line, you can choose in which corner of the chart the table with statistics will be located.
Thanks to the line “Calculation of profit percentage relative”, you can choose the option of calculating profit relative to the current balance, balance at the beginning of the week, balance at the beginning of the month, quarter and even year.
Actually, this line allows you to keep statistics from the day you need, and not get general data on your Forex account.
The variables “vertical text offset” and “vertical text offset step” allow you to shift the table a certain distance from the edge of the graph by a specified number of pixels.
In conclusion, it is worth noting that thanks to the Iprofit Custom indicator, a trader can constantly see his own statistics before his eyes, which allows him to avoid using third-party monitoring services and tracking deeper and unnecessary data that such services provide.
Download Iprofit Custom script