Profit Loss Calculator
This EA is a profit/loss calculator utility that creates a graphical panel on the chart for computing potential profit and loss values. It does not open trades or implement any trading strategy, serving purely as a calculation and visualization aid for traders.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA is not a trading strategy EA but rather a utility tool. It creates a graphical interface panel through the CProfitLossCalculator class, allowing users to input trade parameters on the chart to calculate potential profit and loss. Entry and exit conditions are not applicable since it does not execute any trading operations. Regarding position sizing, the tool may help users calculate profit and loss under different lot sizes, but it does not perform position management itself. For money management, it serves as a calculation aid that may provide profit and loss simulations based on account balance and risk parameters. Overall, this is a purely computational display tool with no automated trading logic involved.
Strengths
- Provides an intuitive graphical interface for profit/loss calculation, enabling traders to quickly evaluate trading opportunities
- Runs as a standalone utility EA without interfering with other trading strategies
- Clean code structure using object-oriented design (CProfitLossCalculator class), making it maintainable and extensible
Weaknesses
- Lacks flexibility in input parameters, with panel dimensions and positions hardcoded in OnInit
- Error handling is simplistic, only printing error codes on creation failure without user-friendly feedback
- Depends on external header file ProfitLossCalculator.mqh, making it impossible to assess core calculation logic reliability from the current code alone
Possible improvements
- Parameterize panel position and dimensions as configurable input variables for greater flexibility
- Add more detailed error handling and user notification, such as displaying a message box when panel creation fails
Risk assessment
Overall risk: Safe
- This EA is purely a utility tool with no trading operations, posing no trading risk
- When graphical panel creation fails, the EA returns -1 for initialization failure but does not clean up potentially allocated resources
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Create(x) | 0 | Chart window index |
Create(y) | 20 | Panel Y coordinate offset |
Create(width) | 366 | Panel width |
Create(height) | 166 | Panel height |
Create(x offset) | 20 | Panel X coordinate offset |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.