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MT4 Open-Position Indicator for Profit, Lots, and Pips or Points

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Summary

This document describes two MetaTrader 4 indicators that summarize open trades in a secondary chart window. They show profit or loss, position size and symbol, with the price movement expressed as either pips or points. The indicators are simplified adaptations of an exposure indicator, and their main difference is which unit is selected by default.

Users can switch the unit, choose display colors and fonts, set the chart corner and adjust spacing between columns. The display appears only while a trade is open, and a separate indicator window is required; a blank auxiliary indicator can provide one when needed. The examples illustrate mixed long and short positions and different account currencies, but provide no performance evidence. This is a visual monitoring aid rather than a trading or risk-sizing method, and the notes warn that excessive spacing adjustments can move the display off-screen.

Key ideas

  • The indicators display open-trade profit or loss, lot sizes, symbols, and price movement.
  • One version defaults to points and the other to pips, but either can be configured to show both units.
  • The indicator must run in a secondary chart window and appears only when a trade is open.
  • Display position, typography, colors, and column spacing are configurable.

Tags

Technical indicatorsRisk managementPosition sizing

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.