Show Pips indicator
0,00 €
The Show Pips MT5 Indicator displays profit in pips, percentages, spread, and a candle timer, providing essential real-time trading data. This must-have MetaTrader indicator helps Forex traders monitor their performance and manage trades efficiently. 🚀
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The Show Pips MT5 indicator proves invaluable for those engaged in Forex trading. Its utility stems from its ability to collate and present a wealth of information, thereby streamlining the decision-making process.
Consider, for instance, its capacity to furnish live updates regarding trades. This includes, but is not limited to, the display of gains or losses in pips, their proportional value as percentages, and the equivalent in US dollars. Further, the indicator relays the current spread for a given currency pair, and even incorporates a candle timer to monitor the duration until the closure of each price bar.
Show Pips Indicator: MetaTrader Trade Statistics Visualization
The provided image, showcasing an EUR/USD H1 chart, highlights a sell position. The top-right quadrant of the MetaTrader interface aptly demonstrates the detailed trade performance statistics made readily accessible.
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Key Features:
- Profitability up to 500% per year
- Minimum deposit to start: $100 or more
- Timeframe for trading: M15
- Trading time: 24 hours a day
- Assets for trading: Any
This indicator provides:
- P/L in both pips and USD – Assisting traders with monitoring their overall results.
- Profit/loss displayed as a percentage – Facilitating account risk management, as explained in this Investopedia article.
- Spread monitoring capabilities – Crucial for traders trading variable spreads, especially surrounding news releases.
The indicator is free to download from the IntradaySoft store and is designed to be adaptable, simple to set up, and user-friendly for both novice and experienced traders alike.
The main limitation is its inability to break down pip-based profit/loss per individual position if multiple trades on the same currency pair are active simultaneously.
Optimal Indicator Configuration
To improve clarity for users, the indicator's settings can be customized to show key trade details unobtrusively. By tweaking the defaults, the indicator will clearly present:
- Profit/loss shown in pips, currency value, and percentage.
- Current spread value for the specific currency pair.
- Time remaining before the current candlestick completes.
These adjustments facilitate superior trade management, keeping charts clear and focused.
Conclusion
The Show Pips MT5 Indicator serves as an essential tool, delivering real-time information about a trader's performance. Its capacity to track key trade metrics makes it an excellent option for traders prioritizing precision. For advanced strategies, explore sites like Forex Factory and BabyPips.
Furthermore, users seeking supplementary tools might consider the MT5 Risk Reward Indicator or the Auto TrendLine Indicator.
And best of all, this MetaTrader 5 indicator can be downloaded at no charge, presenting a valuable resource to enhance a trader's strategy. 🚀
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Instant delivery after purchase
This digital product is delivered to the user's email instantly. You will receive an email with a download link immediately after your payment is confirmed.
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