Cumulative P&L Indicator
OVERVIEW
The Cumulative P&L Indicator is a powerful tool that visually tracks your account's balance and equity over time, displaying them as two distinct lines on your chart. It allows you to see your trading performance by capturing both realized profits (balance) and unrealized profits (equity) throughout your trading journey.
FEATURES
- Balance Line (Green): Displays the cumulative realized P&L from closed trades, including profits, swaps, and commissions.
- Equity Line (Blue): Shows total equity, which is the sum of your balance and unrealized P&L from open trades.
- Multi-Symbol Support: Tracks positions across all instruments, not just the one displayed on your chart.
- Historical Accuracy: Reconstructs your portfolio's state at each bar, ensuring precise historical equity curves.
- Swap Tracking: Takes overnight swap charges into account for accurate calculations.
- Currency Conversion: Automatically manages profit calculations for trades in various currencies.
HOW IT WORKS
This indicator:
- Analyzes your entire trading history from the moment you opened your account.
- Calculates realized P&L at each bar from closed trades.
- Tracks open positions and computes unrealized P&L based on historical prices.
- Combines both figures to illustrate the evolution of your equity curve.
INSTALLATION
- Download the indicator file.
- Place it in your MQL5/Indicators folder.
- Compile it in MetaEditor by pressing F7.
- Attach it to any chart.
USAGE
To get started, simply attach the indicator to any chart. It will:
- Display in a separate window below your main chart.
- Show two lines: Balance (green) and Equity (blue).
- Update in real-time as your positions change.
TECHNICAL DETAILS
- Indicator Type: Separate window indicator.
- Buffers: 2 (Balance and Equity).
- Timeframe: Compatible with all timeframes.
- Symbols: Tracks all instruments in your account.
BENEFITS
- Performance Visualization: Easily observe how your account has grown over time.
- Risk Assessment: Identify periods of drawdown by comparing equity to balance.
- Strategy Validation: Assess whether your trading strategy is consistently profitable.
- Multi-Asset Tracking: Monitor and evaluate performance across different instruments.
NOTES
- The indicator displays cumulative values starting from your first trade.
- For optimal performance on accounts with extensive history, consider using higher timeframes (H1, D1).
- The equity line includes current swap charges for open positions.
VERSION
Current Version: 1.0
Related Posts
- Unlock Trading Insights with Volume Profile + Range v6.0 for MetaTrader 5
- Mastering the Open Range Breakout Indicator for MetaTrader 5
- Hourly Buffers for Data Collection in MetaTrader 5: A Simple Guide
- ID Lite Info MA: A Comprehensive Indicator for MetaTrader 5
- Unlocking Trading Insights with Volume Profile + Range v6.0 for MetaTrader 5