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.
If you don't have this indicator yet, you can buy it here…
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…
Frequently Asked Questions
…and the answers.