The author of the original version.
Mt4 equity indicator. Also some cfd contracts and futures were considered incorrectly. Indicator of equity and balance indicator for metatrader 4 is a metatrader 4 mt4 indicator and the essence of the forex indicator is to transform the accumulated history data. It uses account history and current open positions for updating the chart. The indicator works in real mode to draw the equity line of your account as you trade.
Forex mt4 indicators download instructions. In order to transform accumulated history data you need to install a metatrader 4. The indicator is able to calculate the maximum drawdown by the equity and the recovery factor. Equity mt4 indicator download instructions.
Drawdown is a difference between account balance and equity. Equity is an amount of money a trader will have when all active trades are closed. There is another important term to understand. The necessity of the modernization is that the original indicator does not always work correctly with some instruments.
For example some brokers use the tickers with suffixes prefixes. Modernization of the popular equity indicator. Equity it is a metatrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can t estimate or see without an indicator which highlights its essence and usage. Equity v7 allows to calculate the maximum drawdown by the equity and the recovery factor.
Out of all tools covered in this article this indicator is the simplest one.
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