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Account Balance Margin

The Account Balance Margin Indicator is a useful and popular free Forex indicator for MT4. The indicator shows the account balance and margin level of the current account in the upper left corner of the chart. It also displays the remaining margin in the upper right corner. With this indicator, traders can keep a close eye on their account balance and margin level in order to make informed trading decisions.

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Description

In the dynamic world of forex trading, effective risk management is crucial for long-term success. The Account Balance Margin Indicator, a free and highly versatile tool for the MetaTrader 4 (MT4) platform, offers traders a comprehensive solution to this challenge, providing real-time insights into their account balance, margin, and free margin.

Features of the Indicator

The Account Balance Margin Indicator is designed to streamline the process of monitoring and managing trading risk. This powerful tool displays the trader’s account balance, margin, and free margin in the top right corner of the MT4 chart, allowing for easy and constant visibility.

Additionally, the indicator provides a visual representation of the current margin level as a percentage, making it effortless for traders to identify when their margin is approaching the required levels. The customizable alert system further enhances the indicator’s capabilities, enabling traders to receive notifications when their margin reaches pre-determined thresholds.

How the Indicator Can Benefit You

Integrating the Account Balance Margin Indicator into your trading strategy can provide you with a significant advantage in the forex market. By having instant access to your critical account information, you can make more informed decisions about your trading positions, effectively managing your risk exposure and maximizing your potential for profitability.

Whether you’re a day trader, scalper, or swing trader, this indicator can be a valuable tool in your arsenal, helping you stay on top of your trading activities and make well-informed, data-driven decisions.

Indicator Settings

Acc corner: Position of data.

Acc x distance set all: Number of candles used for calculation.

Conclusion

The Account Balance Margin Indicator is a free and invaluable tool for forex traders of all skill levels. By providing clear, easy-to-interpret insights into your account’s vital statistics, this indicator empowers you to make more informed trading decisions and enhance your chances of success in the ever-evolving forex landscape. Download the Account Balance Margin Indicator today and take your trading to new heights.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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