Overview of the DF-ProfitMonitor Tool
The DF-ProfitMonitor is a specialized visual dashboard designed for the MetaTrader 4 platform. Its primary purpose is to provide traders with a real-time, "at-a-glance" summary of their account's financial health without requiring them to navigate through complex menus or separate account tabs.
Core Functionality
The script works by creating a custom on-screen display (an overlay) that tracks several key financial metrics simultaneously. It focuses on the following data points:
- Balance: Shows the current total funds in your account.
- Equity: Displays the current value of your account, including floating profits and losses from open positions.
- Margin: Indicates the amount of capital currently being held as a guarantee for open trades.
- Free Margin: Shows how much capital remains available to open new positions.
- Accumulated Profit: Tracks the real-time profit or loss generated by your current active trades.
Smart Filtering Logic
One of the key features of this script is its ability to filter data based on specific trading strategies. It includes a "Magic Number" selection logic:
- Global View (Default): If the filter is turned off, the tool displays the total profit and status for every single trade currently active in your account.
- Specific Strategy View: If you use automated trading robots (Expert Advisors), they often assign a unique "Magic Number" to their trades to distinguish them from manual trades. You can enable this setting in the script to isolate the profits of a specific robot, allowing you to monitor one strategy’s performance while ignoring others.
User Experience & Interface
- Visual Layout: The tool organizes this information into a clean, structured list with decorative dividers, making it easy to read during active trading sessions.
- Customization: Users can adjust the text color and the position (corner) of the dashboard on their screen to ensure it doesn't obstruct important price charts.
- Automatic Cleanup: The script is designed to be "clean"—it automatically removes all dashboard elements from your chart as soon as you remove the indicator, ensuring no leftover text or lines remain behind.
Summary for Traders
Essentially, this tool transforms raw account data into a professional dashboard. It simplifies your workflow by pulling the most important numbers (Balance, Equity, Margin, and Profit) directly onto your trading chart, providing instant feedback on your portfolio's performance as market conditions change.
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DF-ProfitMonitor
//+------------------------------------------------------------------+
//| DF-ProfitMonitor.mq4 |
//| Copyright 2014, DonForex |
//| http://donforex.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2014, DonForex"
#property link "http://donforex.com"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 Teal
#property indicator_width1 2
#property indicator_level1 0
extern string Copyright_DonForex = "http://donforex.com";
extern bool SelectByMagicNumber = False;
extern int MagicNumber = 0;
extern color FontColor = SteelBlue;
extern int Corner = 0;
//--- buffers
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
IndicatorShortName("DF-ProfitMonitor || http://donforex.com");
ObjectCreate("DF_PM_Name",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Name",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Name",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Name",OBJPROP_YDISTANCE,15);
ObjectSetText("DF_PM_Name"," DF-ProfitMonitor ",8,"Courier New",FontColor);
ObjectCreate("DF_PM_Line0",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Line0",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Line0",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Line0",OBJPROP_YDISTANCE,15);
ObjectSetText("DF_PM_Line0","__________________________",10,"Courier New",FontColor);
ObjectCreate("DF_PM_Balance",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Balance",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Balance",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Balance",OBJPROP_YDISTANCE,29);
ObjectSetText("DF_PM_Balance","Balance:",12,"Courier New",FontColor);
ObjectCreate("DF_PM_Equity",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Equity",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Equity",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Equity",OBJPROP_YDISTANCE,43);
ObjectSetText("DF_PM_Equity","Equity:",12,"Courier New",FontColor);
ObjectCreate("DF_PM_Margin",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Margin",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Margin",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Margin",OBJPROP_YDISTANCE,57);
ObjectSetText("DF_PM_Margin","Margin:",20,"Courier New",FontColor);
ObjectCreate("DF_PM_FreeMargin",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_FreeMargin",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_FreeMargin",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_FreeMargin",OBJPROP_YDISTANCE,71);
ObjectSetText("DF_PM_FreeMargin","Free margin:",12,"Courier New",FontColor);
ObjectCreate("DF_PM_Profit",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Profit",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Profit",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Profit",OBJPROP_YDISTANCE,85);
ObjectSetText("DF_PM_Profit","Acc. profit:",12,"Courier New",FontColor);
ObjectCreate("DF_PM_Line1",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Line1",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Line1",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Line1",OBJPROP_YDISTANCE,90);
ObjectSetText("DF_PM_Line1","__________________________",10,"Courier New",FontColor);
ObjectCreate("DF_PM_Copyright",OBJ_LABEL,0,0,0,0,0);
ObjectSet("DF_PM_Copyright",OBJPROP_CORNER,Corner);
ObjectSet("DF_PM_Copyright",OBJPROP_XDISTANCE,10);
ObjectSet("DF_PM_Copyright",OBJPROP_YDISTANCE,104);
ObjectSetText("DF_PM_Copyright"," www.donforex.com ",8,"Courier New",FontColor);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
ObjectDelete("DF_PM_Name");
ObjectDelete("DF_PM_Line0");
ObjectDelete("DF_PM_Balance");
ObjectDelete("DF_PM_Equity");
ObjectDelete("DF_PM_Margin");
ObjectDelete("DF_PM_FreeMargin");
ObjectDelete("DF_PM_Profit");
ObjectDelete("DF_PM_Line1");
ObjectDelete("DF_PM_Copyright");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//----
if(SelectByMagicNumber) ExtMapBuffer1[0]=MagicProfit(MagicNumber);
else ExtMapBuffer1[0]=AccountProfit();
ObjectSetText("DF_PM_Balance",StringConcatenate("Balance: ",DoubleToStr(AccountBalance(),2)),12,"Courier New",FontColor);
ObjectSetText("DF_PM_Equity",StringConcatenate("Equity: ",DoubleToStr(AccountEquity(),2)),12,"Courier New",FontColor);
ObjectSetText("DF_PM_Margin",StringConcatenate("Margin: ",DoubleToStr(AccountMargin(),2)),12,"Courier New",FontColor);
ObjectSetText("DF_PM_FreeMargin",StringConcatenate("Free margin: ",DoubleToStr(AccountFreeMargin(),2)),12,"Courier New",FontColor);
ObjectSetText("DF_PM_Profit",StringConcatenate("Acc. profit: ",DoubleToStr(AccountProfit(),2)),12,"Courier New",FontColor);
//----
return(0);
}
//+------------------------------------------------------------------+
double MagicProfit(int Magic)
{
double profit=0;
int total=OrdersTotal()-1;
for (int cnt=total;cnt>=0;cnt--)
{
OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES);
if (OrderMagicNumber()==Magic)
{
profit+=OrderProfit();
}
}
return(profit);
}
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