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SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4

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Old 20-03-2018, 21:37
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Default SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4

SLlTP-CPfPIPvDISTeINI-v2i-kCW_small.jpg

SL+TP-CP PIP DIST INDI – v2 (Indicator)

Table of Contents1 SL+TP-CP PIP DIST INDI – v2 (Indicator)2 Function3 Labels: Labels can be user defined – see hide options in Input Window4 PIP CALCULATION TEST & CHECK: SL+TP-CP Pip Dist Indi5 Related Posts

Function


    Calculates pip difference between Current price and SL & TP price.
    Places Text labels at SL & TP lines: Order Type, Ticket number, SL & TP price, Pip calculation and Pip label.
    Places Text labels at Order Execution (OE) lines: Order Type, Ticket number and OE price.
    Can be used with MT4 defaults and any other suitable MT4 application such as sangmane’s Easy Order script.

Labels: Labels can be user defined – see hide options in Input Window

User defined examples


    Sell-SL #260844327 * 1.04606 * 322.4 pps
    Sell-SL #260844327 * 3224 f-pps *
    #260844327 * 3224
    Sell-SL * 322.4
    1.04606 * 3224
    322.4
    BS-OE #260866924 * 1.02015

* Non digit Symbols will default to pps regardless if f-pps (fractional pips – points / 3 & 5 digit pricing) is set to to [true].

PIP CALCULATION TEST & CHECK: SL+TP-CP Pip Dist Indi


    1. Cross reference Tables with Chart and Terminal.
    2. Tables T-1 & T-2
    a) Terminal: Columns 0-2 are values taken from the Terminal at instant of screenshot – these values can be validated in the Terminal image that is included on the chart.
    b) Calculation: 3 is an excel calculation of the relevant values.
    c) Chart: Column 4 is the values as indicated on the chart.
    d) Check: Column 5 confirms a matching value.
    e) Current Bid and Ask at instant of screenshot can be located in column 9 of the Terminal.
    f) All Buy orders are calculated as follows:
    I. TP pip calculation = TP price – Bid price.
    II. SL pip calculation = Bid price – SL price.
    g) All Sell orders are calculated as follows:
    I. SL pip calculation = SL price – Ask price.
    II. TP pip calculation = Ask price – TP price.
    3. Column 9 of the Terminal indicates Ask price for Buy Limit and Buy Stop –when a future current Ask price equals the relevant Limit or Stop price the order will fill and register in the terminal as a Buy. Column 9 will then reflect a Bid price for the order as is the case of the Buy in line 1.
    4. Column 9 of the Terminal indicates Bid price for Sell Limit and Sell Stop – when a future current Bid price equals the relevant Limit or Stop price the order will fill and register in the terminal as a Sell. Column 9 will then reflect a Ask price for the order as is the case of the Sell in line 2.

How to install SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4.mq4?


    Download SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4.mq4
    Copy SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove SL+TP-CP DIST INDI – v2 – indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

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