Break Even Line for Multiple Order (Indicator) | Forex Factory

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Break Even Line for Multiple Order (Indicator)

  • #1
  • First Post: Jun 10, 2016 3:30pm Jun 10, 2016 3:30pm
Owned this indicator for quite some time. maybe somebody like to use it.

This indicator shows the break even line for multiple buy or sell orders. quite useful for my trading.

Have fun.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Click to Enlarge Name: Screenshot2.png Size: 29 KB
Attached File(s)
File Type: mq4 me_Breakeven_Line v1.mq4   6 KB | 5,653 downloads
File Type: ex4 me_Breakeven_Line v1.ex4   12 KB | 3,454 downloads
  • #2
  • Jun 23, 2016 2:57am Jun 23, 2016 2:57am
Quoting qkcode
Owned this indicator for quite some time. maybe somebody like to use it. This indicator shows the break even line for multiple buy or sell orders. quite useful for my trading. Have fun. {file} {file} {image} {image}
Thank you, just what I need.
Baby needs love, milk, and money.
  • #3
  • Jul 4, 2017 11:55pm Jul 4, 2017 11:55pm
Good stuff.
R:R "Percentage Focus"
  • #4
  • Sep 4, 2017 10:04pm Sep 4, 2017 10:04pm
Well done Mr QKcode

Here is a different version which is looking at all BUY's and SELLs at the same time
and is also adding the combined trade size in lots.

It is good to know our total exposure at all times.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 30 KB
Attached File(s)
File Type: ex4 me_Breakeven_Line v2.2.ex4   12 KB | 2,428 downloads
Have a nice day
  • #5
  • Edited 5:42am Nov 26, 2017 5:28am | Edited 5:42am
Here is the updated version of the break even indicator.

This version now shows the total $ figure of our trades ( +ve or -ve) and this number also includes swap and commission.
This version also has the ability to distinguish trades so we can monitor trades we place manually or trades placed by a particular EA or both.

If we have several EA's and they have opened multiple trades on 1pair, the indicator has the ability to separate those and can show us the pair's exposure from 1 or more EA's.

Simply enter the EA's magic number in the indicator settings and it will show you only the exposure from the open trades of that particular EA.
The indicator is meant to work on 1 chart so it can only do 1 pair at a time. The $ figure includes swap and commission.

The default settings have the EA check function switched off,
so if for example we put the indicator on a EURUSD chart, it will include all open EURUSD trades.

If you want to monitor trades placed by your EA then switch the input "Calculate_EA_Trades" to True
and enter your EA's magic number
Attached Image (click to enlarge)
Click to Enlarge Name: BE Indicator.png Size: 39 KB
Attached File(s)
File Type: ex4 me_Breakeven_Line v2.4.ex4   15 KB | 2,507 downloads
Have a nice day
  • #6
  • Oct 22, 2018 8:40am Oct 22, 2018 8:40am
Hi Billy,

Nice. Thanks big help visually. Since this is an EA do you think you can code the breakeven line to close all positions for the current chart currency when the breakeven line is hit. It will be a big help to close all position without monitoring the level. Thanks again.

Cheers.
  • #7
  • Nov 13, 2018 7:57pm Nov 13, 2018 7:57pm
Quoting billv
Here is the updated version of the break even indicator. This version now shows the total $ figure of our trades ( +ve or -ve) and this number also includes swap and commission. This version also has the ability to distinguish trades so we can monitor trades we place manually or trades placed by a particular EA or both. If we have several EA's and they have opened multiple trades on 1pair, the indicator has the ability to separate those and can show us the pair's exposure from 1 or more EA's. Simply enter the EA's magic number in the indicator settings...
Thank you so much for the best helps billy
Could you please upload the mql version. I would like to update that.

Kind Regards
  • #8
  • Mar 7, 2019 2:53am Mar 7, 2019 2:53am
Thanks for the indi, it is very close to something I was looking for. Would it be possible to add a couple of more features?
It would be rather helpful if the size of the letters could be adjusted.
Also you have the option of the BE line width, but on option of the style could assist too (just imagine 2-3 open positions and an additional line-that could messes the chart sometimes). I know the answer could be to change color to open positions to none, but sometimes we want to have a knowledge to each specific trade.
Thanks again for the indicator.
  • #9
  • May 2, 2019 8:52am May 2, 2019 8:52am
Bill,

do you have the mq4 code to share for this indi as i would like to develop a similar indi in another app but am not sure of the maths involved? thx in adv
Roger

Quoting billv
Here is the updated version of the break even indicator. This version now shows the total $ figure of our trades ( +ve or -ve) and this number also includes swap and commission. This version also has the ability to distinguish trades so we can monitor trades we place manually or trades placed by a particular EA or both. If we have several EA's and they have opened multiple trades on 1pair, the indicator has the ability to separate those and can show us the pair's exposure from 1 or more EA's. Simply enter the EA's magic number in the indicator settings...
  • #10
  • May 2, 2019 9:05am May 2, 2019 9:05am
Quoting rogertaggart
Bill, do you have the mq4 code to share for this indi as i would like to develop a similar indi in another app but am not sure of the maths involved? thx in adv Roger {quote}
Here you go
Attached File(s)
File Type: mq4 me_Breakeven_Line v2.4.mq4   14 KB | 3,042 downloads
Have a nice day
  • #11
  • May 2, 2019 10:46am May 2, 2019 10:46am
Quoting billv
{quote} Here you go {file}
cool, many thanks
  • #12
  • Dec 23, 2019 8:11am Dec 23, 2019 8:11am
Hi,
Is there a version of the Break even where it tracks total sum of buy and sell trades and draws one break even line. And would it possible for it to close all trades if it hits that break even line.

Thanks
T
  • #13
  • Apr 13, 2020 1:33am Apr 13, 2020 1:33am
you can write me ei mt4 based on the break-even condition of closing the entire order on the breakeven 100 pips
Thank you so much for your help
  • #14
  • Oct 21, 2020 3:47pm Oct 21, 2020 3:47pm
Could you please add/subtract swap and commission (in points) to breakeven line?
If swap + commission is positive (refund) and trades are long, remove swap + commission in points from breakeven line.
If swap + commission is negative (fee) and trades are long, add swap + commission in points to breakeven line.

Similar logic to be applied to short trades.
Learn the market, then earn from the market
  • #15
  • Dec 22, 2020 1:49pm Dec 22, 2020 1:49pm
This indicators gonna lend so much help for trader that open multiple trades.
Thumbsup
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  • #16
  • Jan 21, 2021 11:53am Jan 21, 2021 11:53am
some one have the same , or similar indie, for mq5?
  • #17
  • Dec 29, 2021 12:05am Dec 29, 2021 12:05am
Quoting Jordi
some one have the same , or similar indie, for mq5?
Here you go
Attached File(s)
File Type: mq5 me_Breakeven_Line v2.61.mq5   28 KB | 1,405 downloads
Have a nice day
  • #18
  • Dec 30, 2021 10:12am Dec 30, 2021 10:12am
Quoting billv
{quote} Here you go {file}

Hi Billy,

If xx pips is in profit from BE point of the trades, can we add auto-close all buys? or SELL.

like
Close ALL BUY; IF > 50p BE .
CLOSE ALL SELL; IF > 70p BE

Can you add something like this to it?
  • #19
  • Mar 17, 2022 6:06am Mar 17, 2022 6:06am
Quoting Soner44
{quote} Hi Billy, If xx pips is in profit from BE point of the trades, can we add auto-close all buys? or SELL. like Close ALL BUY; IF > 50p BE . CLOSE ALL SELL; IF > 70p BE Can you add something like this to it?
No sorry, this is an indicator and not an EA
Have a nice day
  • #20
  • Oct 11, 2022 10:11am Oct 11, 2022 10:11am
Quoting billv
{quote} Here you go {file}
Is it possible to place a third line with the BUY+SELL Breakeven?
It is useful for when I want to leave as soon as possible to burn the account.
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