Introduction to SL-TP Price To Order Execution Pip Calculator Indicator

Trade profitability is more than just being profitable. It is about making consistent profits over the long-term. Seasoned traders are well aware of this fact. These traders don't lose. It means they are making more than they lose. This can be achieved by trading with higher average gains than your average losses. The SLTP Price to Execution Price Pip Calculator indicator is a tool that traders can use to help them achieve this.

What's the SLTP Price to Execution Price Pip Calculator Indiator?

The SLTP Price to Execution Price Pip Calculator indicator measures and calculates the potential profits and losses in pips based upon the stop loss and take-profit price levels set by trader.

This template has this indicator pre-set to label stop loss orders. It includes its order number and possible losses in red pips. It labels on the other end take profit orders, with its order number in red and potential profits in blue.

How does the SLTP Price to Order Execution Pip Calculator Indicator Work?

The SLTP Price to Order Execution price Pip Calculator Indicator calculates the distance between the stop-loss price and the order execution prices as well as the take-profit and order execution prices. It calculates the difference between these prices. The chart then displays the ordered values along the far right edge.

How to use SL-TP Price To Order Execution Pip Calculator Indicator For MT4

The indicator's settings can be modified by users.

The "Show_SL” option toggles the stop-loss display on/off, while the "SL_Color” option allows users change the color text displayed for the stop-loss.

The "Show_TP” option toggles the take-profit display on/off, while "TP_Color” allows users to select the color of the take-profit information.

You can adjust the text size using the "Text_Size” variable.

"Move_Text_L_or_R", allows users to display the text on either the left or right.

"Fractional_Pips", allows users to select between showing potential profits or losses either in pips, or fractional pip.

"Show_OrderTicket” toggles the display the order number or ticket number along with the possible profit or loss in pip on or off.

This indicator lets users objectively assess how much potential profits or losses they have based on pips. This allows traders to evaluate whether the trade position is worth taking on.

This can be explained by traders who divide the potential profits in pips by potential losses in pip. A risk-reward ratio of greater than 1 usually allows for a higher long-term profit factor. This will depend on the win rate of trader, which is an indicator of traders accuracy.

Conclusion

This indicator does not show traders trade entry and exit options based on technical indicators such as trend, momentum direction and reversals. It is nevertheless important because it allows traders to objectively evaluate their risk-reward ratio. This is an essential component of money management and trader profitability.

Indicators - Download Instructions

SL-TP Price to Execution Price Pip Calculator For MT4 is a Metatrader 4- (MT4) indicator. The essence of this indicator is to transform the accumulated historical data.

SLTP Price to Order Execution Pip Calculator Indicator MT4 allows you to see patterns and peculiarities in price dynamics that are not visible to the naked eye.

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How do I install SLTP Price to Execution Price Pip Calculator For MT4.mq4

• Download the SL-TP Price Calculator Pip Calculator Indicator For MT4.mq4
• Copy the SL-TP Price to Execution Price Pip Calculator indicator for MT4.mq4 into your Metatrader Directory/experts / indicators
• Metatrader 4 Client can be restarted or started
• Choose Chart and Timeframe to test your MT4 indicator
• You can search "Custom Indicators" using your Navigator, mostly left in your Metatrader4 Client
• Right click on SLTP Price to Order Execution Pip Calculator Indicator MT4.mq4
• Attach a chart
• Change settings or click ok
• Indicator SLTP Price to Execution Price Pip Calculator For MT4.mq4

How do I remove the SLTP Price to Order Execution Pip Calculator Indicator from my Metatrader Chart?

• Select the Chart in which the Indicator is running in your Metatrader4 Client
• Right-click to open the Chart
• "Indicators list"
• Select the indicator and click delete

SLTP Price to Order Execution Pip Calculator Indicator For MT4 (Free download)

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