BUY+SELL Break Even Indicator -Great Tool for trade recovery

[billv]

I've been using this break even indicator for trade recovery.
I'm sharing it here because I believe it will be useful to other traders and because I want some feedback for further improvement.

When we look at the chart, it is basically giving us a quick summary of what a pair is doing and the break even points. It shows the total $ figure of our trades ( +ve or -ve) and this number also includes swap and
commission.

This version also has the ability to distinguish trades so we can monitor trades we place manually or trades placed by a particular EA or both.

If we have several EA's and they have opened multiple trades on 1pair, the indicator has the ability to separate those and can show us the pair's exposure from 1 or more EA's.

Simply enter the EA's magic number in the indicator settings and it will show you only the exposure from the open trades of that particular EA.
The indicator is meant to work on 1 chart so it can only do 1 pair at a time. The $ figure includes swap and commission.

The default settings have the EA check function switched off,
so if for example we put the indicator on a EURUSD chart, it will include all open EURUSD trades.

If you want to monitor trades placed by your EA then switch the input "Calculate_EA_Trades" to True
and enter your EA's magic number

[billv]

In the next version the indicator will be modified to include pending orders.
This is something needed if we use the fill the gap trades of the Awesome and Peaky EA's

The Indicator will print the BE pip number on every pending order and it will also draw a 2nd BE line which takes into account pending orders.

If I move a pending order, the indicator will recalculate and print a new number for that pending order and the others which follow and the yellow line (Pending BE) will adjust itself.

Looking at the NZDCHF chart we can see that with the existing market orders the BE point is where the blue line is or -356 pips away, BUT when we include the pending orders, we can see that the BE point moves between the pending orders -13.1 and 23.6.

Drawing a "Pending BE" line will help us see quickly this BE point and determine if the currency pair is likely to recover easily or if we need to add more pending orders or market orders.

[billv]

Update 21 Sept 2018

I have added a break even line which includes pending orders.
This is now yellow ( like the pending order BE text).
The line should adjust itself as pending orders are being moved or new ones are being placed.
The Indicator also prints the Pending order BE number (PBE) in pips on the top right hand side

[billv]

V2.4d now shows the Market+ Pending BE numbers on the top right hand side.
I have updated the file in post 2.

All feedback is appreciated.

[billv]

Hi Steve,
Ok done :hi:

[SteveHopwood]

Hi Steve,
Ok done :hi:

[SteveHopwood]

A bump to this thread is going out in my wrup in a few minutes time.

Thanks for posting, billv.

[billv]

Update 24 Sept 2018

New files in posts 1 and 3
I have added Inputs for the selection of Text and Line Colours to both versions.
Now you can choose colours to match your chart's background.

[billv]

New version 2.4h in post 1