The Stop Loss Calculator indicator for Metatrader 5 calculates the suggested stop loss for any buy or sell trade and it’s based on your account balance.
It also calculates the maximum possible loss in your account base currency.
The stop loss information will be shown in a panel in the upper right corner by default (the corner can be changed).
The following indicator inputs can be modified: panel corner, panel x and y offset, panel background color, and text color.
Please make yourself familiar with this technical indicator and test it first on a demo account.
It calculates profits for all traded Forex pairs and other assets.
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SL_Calculator.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Forex Stop Loss Calculator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Forex Stop Loss Calculator Indicator?
The indicator does not deliver any trading signals.
Please combine it with technical indicators or utilize your own trading strategy.
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SL_Calculator.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the SL_Calculator.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration