TH Pip Value Calculator
Indicator for MT4
User Manual

Thank you for purchasing the custom TH Pip Value Calculator Indicator for MetaTrader 4, by Trading Heroes.

This manual will show you how to use every feature of this indicator.

How to Install this Indicator

Get instructions on how to install this indicator here.

Benefits of this Indicator

Helps you easily calculate the total value of a stop loss and take profit
See the cost per pip for any market that this indicator is attached to
Shows you the pip value of 3 common lot sizes, in the base currency of the account
The lot sizes that are shown can be changed to speed up calculation
The text can be customized:
- Size
- Color
- Line height
- Position on the chart

Settings Explained

To change a setting, double click on the value.

LotSize1: The lot size of the first pip value calculation. Defaults to a micro lot. Change this number to see the pip value for the lot size you usually trade.
LotSize2: The lot size of the second pip value calculation. Defaults to a mini lot. Change this number to see the pip value for the lot size you usually trade.
LotSize3: The lot size of the third pip value calculation. Defaults to a standard lot. Change this number to see the pip value for the lot size you usually trade.
PanelPixels: The size of the panel that contains the buy/sell buttons, when they are displayed. Make this number bigger to move the text further away from the buttons.
FontSize: Change font size. A bigger number makes the text bigger.
XOffset: The number of pixels to offset the text from the left. A bigger number shifts the text to the right.
YOffset: The number of pixels to offset the text from the top. A bigger number shifts the text down.
LineHeight: The height of each of the 3 lines of text. Increase number to add more space between lines.
FontColor: Change the color of the text.

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Pro Tips

Here are some tips to help you get the most out of this indicator.

Experiment with the settings until you find something you like
When you change the settings, it takes a few seconds to redraw the indicator, so be patient
Having the indicator in the lower right corner of the screen is usually the best place to put it to avoid interference from the chart. If you also indent the chart with the “shift end of chart” button, that will guarantee that you'll always be able to see the indicator.

Examples

Example of indicator showing with buy/sell buttons expanded. Text color has been customized. The base currency of this account is Australian Dollars, but your base currency will show.

When the buy/sell buttons are hidden, the text automatically shifts up. Text color has been customized. The base currency of this account is Australian Dollars, but your base currency will show.

Text moved to bottom left of chart window. The base currency of this account is Australian Dollars, but your base currency will show.

If you don't have this indicator yet, you can buy it here…

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Frequently Asked Questions

…and the answers.

Can I install this on the MT4 mobile app?

No, custom plugins like EAs and indicators can only be used on MetaTrader 4 desktop.

Will I be a billionaire overnight if I use this indicator?

Of course not, don't be ridiculous. But this indicator is super useful and will help you calculate your profits and losses easier.

Where can I get help with troubleshooting?

Click here.

Can you customize this indicator for me?

Nope. Quite frankly, I'm lazy and I don't want to deal with the headaches that come with customization. Also, this indicator is affordable because I only sell one version. I've designed this plugin with the intent to be the most useful to the largest number of people. So it should provide the assistance you're looking for. If it doesn't, then get a quote from a programmer and see if your customizations are worth the price difference. They might be. But probably not.

TH Pip Value Calculator Indicator for MT4 User Manual