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Open Positions v3a - Updated to MT4 Build 600 - MetaTrader 4 Script

author EAcpu | 4 reads | 0 comments |

Open Position v3a - Updated for MT4 Build 600 - indicator for MetaTrader 4

Open Position v3a - Updated for MT4 Build 600 - indicator for MetaTrader 4

This indicator is a modified version of the MetaQuotes iExposure indicator.

* If you find that your MT4 terminal number is different from the installed indicator proceed as follows: Open the terminal (Ctrl+T). Right click on the title Profit. Move your cursor to → Profit menu. Select → as point.

** Put focus on the chart and bring up the cross hairs (Ctrl+F) or click mouse wheel. Hold the left mouse button down and drag a line at about 45 degrees. Below image: 5 is bar displacement, 131 is price displacement in points , 1.64573 is price.

Open Position v3a - Updated for MT4 Build 600 - indicator for MetaTrader 4

Calculate the value of moves: Point values ​​can be quickly calculated. As shown in the chart above, AUD/USD (117.12/(10.43 x 18)) = (117.12/187.74) = 0.62384. In this example it's £0.62, but to be more precise this is rounded to 5 decimal places. Therefore, if 18 pips move @ 10.43 lots = 117.12, then 180 pips (18 x 10 ) move in 10.43 lots = 117.12 x 10 = 1,171.20. Prove using point values: 10.43 x 180 x 0.62384 = 1,171.20.

The diagram shows the trades made to check the following scenarios based on MT4 terminal values:

Tick ​​Generator: On fast markets, slow PCs or computers, indicator updates may lag due to slow terminal connections. The quote generator keeps all indicators up to date and current. Free - here. Represents EA, but also keeps up-to-date indicators.


Attachment download

📎 0_-_Open_Positions_v3a.mq4 (13.69 KB)

Source: MQL5 #11013

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