If you're serious about trading, keeping an eye on your equity and balance is crucial. The Equity and Balance Indicator provides you with real-time charts based on your account's history, incorporating your current open positions. This way, you can visualize how your trades are performing at any given moment.
You can also customize your charts by focusing only on specific orders that fit your criteria. For instance, if you input a magic number and a required symbol, the indicator will pull those exact orders from your history. This is a fantastic way to evaluate the performance of multiple trading systems (MTS) on a single account.
Additionally, if you want to make your analysis even clearer, you can choose to ignore the initial balance. This feature enhances the visual representation of your trading performance. Plus, the indicator can calculate important metrics like maximum drawdown and recovery factor, helping you assess your risk management strategies!
Here’s a chart showing the equity and balance of your account.
This chart focuses on the equity and balance for orders that have a magic number of 856.
Related Posts
- Unlocking MetaCOT 2: Your Ultimate CFTC Indicator Toolkit for MT4
- Unlocking the Power of Master Tools for MetaTrader 4
- ID Lite Info MA: A Comprehensive Indicator for MetaTrader 5
- Mastering the Open Range Breakout Indicator for MetaTrader 5
- Visualize Current Trends Across All Time Frames with This MetaTrader 4 Indicator