LifeHack Balance Equity – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • The indicator displays the balance and equity of the trade account. 

    This indicator is especially useful when used in the strategy tester. It visualizes the balance and equity:

    LifeHack Balance Equity tester

    To apply the indicator in the tester, it should be included in the tester template “tester.tpl”. This how it is done:

    • open any chart
    • clear the chart of unnecessary indicators, objects and experts (preferably all)
    • drag the “LifeHack Balance Equity” indicator to the chart
    • then right click on the chart — “Templates” — “Save Template …” — enter the name “tester.tpl”.
    Now the “LifeHack Balance Equity” indicator will be built into the Tester chart.
  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window