Grid Imaginative and prescient TP and NP – Free MT4 Basket TP/SL & Grid Visualizer
Hello everybody,
I’ve simply launched a free MT4 indicator referred to as Grid Imaginative and prescient TP and NP within the Market, and I’d prefer to briefly introduce what it does and the way it can assist should you use grid / martingale EAs or handbook averaging.
Why I constructed this instrument
When operating grid or averaging methods, I usually requested myself:
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“The place will this basket shut if I goal +X USD?”
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“How far is my ache restrict in cash, not simply in factors?”
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“Roughly what number of grid steps are left till that restrict?”
Many EAs don’t draw any TP/SL or grid ranges on the chart, so it’s laborious to get a fast visible thought of the danger and targets.
Grid Imaginative and prescient TP and NP was created precisely to resolve this downside.
What the indicator does
As soon as hooked up to a chart, the indicator:
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Aggregates open positions by Image and MagicNumber
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Calculates the basket common worth and attracts it as a blue line
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Attracts a TP line primarily based on a goal cash quantity (account forex, sometimes USD)
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Optionally attracts an SL line primarily based on a most loss quantity
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Attracts grid strains at a customized distance in factors (for averaging / martingale type grids)
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Exhibits a compact information panel with:
It really works with any EA or handbook buying and selling, so long as there are open positions on the image.
Typical use instances
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You run grid / averaging EAs that do not draw any TP/SL strains
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You need to see “The place will this basket shut if I goal +X USD?”
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You need a fast visible thought of “What number of grid steps till my ache restrict?”
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You commerce manually with a number of entries and like to see worth and cash ranges collectively
The indicator is totally non-trading – it doesn’t open or shut any orders. It’s purely a visualization and planning instrument.
Most important enter parameters
Image
MagicNumber
TargetProfit_USD
ShowSLLine / MaxLoss_USD (optionally available)
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If ShowSLLine = true , the indicator calculates the worth the place the basket would attain –MaxLoss_USD
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Helpful as a visible “laborious ache restrict” line
GridDistancePoints / GridStepsToShow
There are additionally easy choices to toggle the typical line, TP/SL labels, grid strains and the data panel on or off.
use
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Connect the indicator to the chart the place your EA is operating (or the place you may have handbook positions).
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Depart Image empty to auto-detect the chart image.
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Set MagicNumber to your EA’s magic, or 0 to incorporate all positions.
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Set your TargetProfit_USD and (optionally) MaxLoss_USD.
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Alter GridDistancePoints and GridStepsToShow if you wish to see grid steps.
Immediately, you’ll get:
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A blue line for the basket common worth
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A inexperienced line for the money-based TP
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(Non-compulsory) a crimson line for the money-based SL
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Orange dotted strains for grid steps
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A small panel with the present basket abstract
Obtain
Grid Imaginative and prescient TP and NP is obtainable at no cost within the MQL5 Market:
🔗 https://www.mql5.com/en/market/product/158042
In case you strive it and have any suggestions or concepts for enhancements, be happy to go away a remark or assessment.
I hope this small instrument makes managing your baskets a bit extra comfy and clear 👍
