EA-56409 · Utility

Magic Number wise EA Profit Loss Live Dashboard v1

This EA is a live dashboard utility that monitors and displays profit/loss statistics grouped by magic number, allowing traders to track performance of multiple EAs running simultaneously. It does not open any trades itself but provides real-time P&L visualization for each magic number identified in the account's open and closed positions.

Open the interactive view (equity curve, symbol switch)

Key facts

CategoryUtility
RiskSafe
Rating★★★☆☆
TypeUtility tool
TimeframesM1, M5, M15, M30, H1, H4, D1, W1, MN
IndicatorsNone
Author—

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 program but a monitoring dashboard utility. Its core function is to scan all open positions and historical orders in the account, aggregate them by Magic Number, and display real-time profit/loss for each EA. Entry conditions are not applicable since this tool does not open trades. Exit conditions are equally not applicable. Regarding position sizing, this EA does not involve any lot calculation or order placement logic. For money management, it only provides P&L data display and statistics to help traders evaluate the capital efficiency of each EA, but does not directly participate in money management decisions. The dashboard likely refreshes on each tick or timer to keep the displayed statistics current across all tracked magic numbers.

Strengths

  • Supports monitoring P&L of multiple EAs categorized by magic number, convenient for multi-strategy parallel management
  • Real-time dashboard refresh allows traders to quickly assess each EA's current performance
  • As a pure utility it does not affect any trading operations, making it safe and risk-free to run alongside any strategy

Weaknesses

  • Only provides data display without alert notification features (e.g., alarming when an EA's loss exceeds a threshold)
  • The dashboard interface may occupy chart space, interfering with the main trading chart viewing experience
  • Cannot monitor across accounts, limited to current account's positions and historical data only

Possible improvements

  • Add P&L threshold alert functionality to automatically notify when an EA's loss for a given magic number exceeds a set value
  • Support exporting statistical data to CSV or Excel format for long-term performance analysis

Risk assessment

Overall risk: Safe

  • This EA is a pure monitoring tool that does not execute any trading operations, posing no direct risk
  • Excessively high dashboard refresh frequency may slightly impact terminal performance when there are many open positions

Evaluation scores

Code quality3.0
Strategy logic2.0
Risk management5.0
Robustness3.0
Innovation2.0
Documentation2.0
Overall2.8

Parameters

ParameterDefaultDescription
MagicNumbersN/AMagic numbers list to monitor
RefreshIntervalN/APanel data refresh interval
ShowClosedTradesN/AShow historical closed trade statistics
DashboardXN/APanel X coordinate position
DashboardYN/APanel Y coordinate position

Similar Utility EAs

Backtests are historical simulations and do not guarantee future results. Not financial advice.

Get the weekly Arena report

One email a week: ranking changes, new signals and new research. No spam; unsubscribe any time.