MT4 Indicator (Equity_v7.mq4)

Download indicator: Equity_v7.mq4

How to use Equity_v7 indicator

The indicator works in real mode to draw the equity line of your account as you trade. It uses account history and current open positions for updating the chart. Equity_v7 allows to calculate the maximum drawdown by the equity and the recovery factor.

Traders can also select to draw the curve of free margin and margin, based on existing values through monitoring mode.

You can draw custom charts where the orders should meet certain conditions. For example, if you specify so called "magic" number and choose a currency pair the indicator will extract these exact orders from the history.

To get a better picture of your current trading situation/progress you can opt to not consider the initial account balance in the settings.