Grid Imaginative and prescient TP and NP – Free MT4 Basket TP/SL & Grid Visualizer
Hello everybody,
I’ve simply launched a free MT4 indicator known as Grid Imaginative and prescient TP and NP within the Market, and I’d wish to briefly introduce what it does and the way it can assist should you use grid / martingale EAs or handbook averaging.
Why I constructed this device
When operating grid or averaging techniques, I typically requested myself:
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“The place will this basket shut if I goal +X USD?”
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“How far is my ache restrict in cash, not simply in factors?”
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“Roughly what number of grid steps are left till that restrict?”
Many EAs don’t draw any TP/SL or grid ranges on the chart, so it’s exhausting to get a fast visible concept of the danger and targets.
Grid Imaginative and prescient TP and NP was created precisely to unravel this drawback.
What the indicator does
As soon as connected to a chart, the indicator:
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Aggregates open positions by Image and MagicNumber
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Calculates the basket common worth and attracts it as a blue line
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Attracts a TP line primarily based on a goal cash quantity (account forex, sometimes USD)
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Optionally attracts an SL line primarily based on a most loss quantity
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Attracts grid strains at a customized distance in factors (for averaging / martingale type grids)
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Reveals a compact data panel with:
It really works with any EA or handbook buying and selling, so long as there are open positions on the image.
Typical use circumstances
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You run grid / averaging EAs that do not draw any TP/SL strains
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You need to see “The place will this basket shut if I goal +X USD?”
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You need a fast visible concept of “What number of grid steps till my ache restrict?”
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You commerce manually with a number of entries and like to see worth and cash ranges collectively
The indicator is totally non-trading – it doesn’t open or shut any orders. It’s purely a visualization and planning device.
Foremost enter parameters
Image
MagicNumber
TargetProfit_USD
ShowSLLine / MaxLoss_USD (elective)
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If ShowSLLine = true , the indicator calculates the worth the place the basket would attain –MaxLoss_USD
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Helpful as a visible “exhausting ache restrict” line
GridDistancePoints / GridStepsToShow
There are additionally easy choices to toggle the common line, TP/SL labels, grid strains and the data panel on or off.
The right way to use
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Connect the indicator to the chart the place your EA is operating (or the place you will have handbook positions).
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Depart Image empty to auto-detect the chart image.
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Set MagicNumber to your EA’s magic, or 0 to incorporate all positions.
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Set your TargetProfit_USD and (optionally) MaxLoss_USD.
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Modify GridDistancePoints and GridStepsToShow if you wish to see grid steps.
Immediately, you’ll get:
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A blue line for the basket common worth
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A inexperienced line for the money-based TP
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(Elective) a purple line for the money-based SL
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Orange dotted strains for grid steps
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A small panel with the present basket abstract
Obtain
Grid Imaginative and prescient TP and NP is out there at no cost within the MQL5 Market:
🔗 https://www.mql5.com/en/market/product/158042
Should you attempt it and have any suggestions or concepts for enhancements, be happy to go away a remark or evaluation.
I hope this small device makes managing your baskets a bit extra comfy and clear 👍
