Money Meter Indicator

Money Meter Indicator

Money meter indicator for mt4 – download free. Best pivot point indicator for mt4. Free pips mt4 calculator.
The Money Meter indicator for MetaTrader is simply a forex trading tool designed to help you in managing your trade. It comes with horizontal lines that are drawn across the chart, which are measured in pips.

The indicator’s algorithm essentially calculates the pip value of open trade and then translates it to the money that would be earned or lost when the trade ends in profit/loss. The calculation is done in line with a fixed lot size which can be defined by the user.

The indicator is suitable for all classes of traders like beginners, intermediate, and advanced traders. Besides, it may also be used to ascertain the money to be made from a scalping, day, or swing trade position.

How to Trade With Money Meter Indicator

The above screenshot depicts how the indicator would look on your MT4 chart.

The Money Meter indicator is not a technical trading tool that analyzes the forex market for BUY/SELL opportunities. It was built to display the amount of money you stand to gain or lose from an open trade position.

Conclusion
The Money Meter indicator for MT4 is an ideal indicator for money management that shows the potential money to be earned/lost in a trade. Finally, it is free to download.