Avg. Price / Exposure

I trade by stepping in at different price points with different lot sizes and looking for a indicator the shows my current total lot size and average price. What I want to know is where my total exposure break even point is

Thanks,
Ron

...

this is doable via excel also. Not to discount having that info directly in the platform at all....just meant as a friendly suggestion if you know your way around excel or openoffice sheets (assuming that's still workable with MT5...did it some time ago myself on MT4...)

the way it would work with excel would be you entering a list of your current trades/position sizes and the amount your broker charges you in margin based on your leverage. From there you can calculate pretty precisely how far price could go against you before your account is in danger of a margin call.

While the indicator certainly makes it easier, I would advocate for actually performing the exercise so you can truly see the mechanics of what you're doing. Many would say you're martingaling and ultimately will lose without question. I'm not one of those. The key is you have to be VERY aware of where your account is in trouble and most of all be patient on your entries and be fully aware of the impact entries have on your account before any drawdown is incurred.

(If I still had my sheet I used with MT4 I'd gladly share it....)

Thanks guys, for the indicator and suggestion for a spread sheet. I don't play both side of the trade, so I was not worried about blowing my account, but when you get more then 5 trades on a pair, it's nice to know where your BE line is. No need to take a profitable trade and let it turn into a negative just because you don't know.

Thanks Again.