I Exposure Indicator for MT4

April 20, 2022

1553

Introduction to the I Exposure Indicator

One of the most important information that traders should constantly know is their trade exposure. This gives them an idea how much of their trade account is exposed to losses or probable gains. The I Exposure Indicator is a tool which was developed to help traders easily view this information.

What is the I Exposure Indicator?

The I Exposure Indicator is a trading tool which indicates the total trading exposure a trader has on his trading account. It opens an indicator window wherein the indicator shows the information regarding the traders current trades. It shows the symbols or currency pairs traded, the number of deals on each currency pair or symbol, the number of lots bought and sold, the entry price on the buy trades, the entry price on the sell trades, the net number of lots traded, as well as the profit on each currency pair traded.

How the I Exposure Indicator Works?

The I Exposure Indicator has an algorithm which retrieves data from the broker’s price feed, as well as the account trading terminal information. This is the same information displayed on the Trade tab on the Terminal window.

How to use the I Exposure Indicator for MT4

The I Exposure Indicator has just one option that can be modified within its indicator settings.

“Text color” allows users to modify the color used on the text information displayed on the indicator’s window.

I Exposure Indicator for Monitoring Multiple Trades

The I Exposure Indicator displays all the trades the trader has done and summarizes it per currency pair or symbol. This allows traders to view all their trades in one glance without having to tally their trades per currency pair.

On the chart below, notice how the EURNZD and EURAUD pairs have two deals shown under the Deal column. This indicates that each pair has two separate trades which the indicator has totaled into one trade.

I Exposure Indicator for Hedging and Other Complex Trade Management Strategies

The I Exposure Indicator can be a useful tool for traders who employ complex trade management strategies other than the basic placement of a fixed stop loss and take profit. It can be used for techniques such as Hedging, Cost Averaging, Martingale, and Reverse Martingale. It can also be used for proactive money management techniques which many seasoned traders use such as Scaling In and Scaling Out of multiple positions.

On the example below, notice how the EURNZD pair has two deals both as sell orders. This would be a typical scenario for techniques such as scaling in of a trade to build a larger position as the trade profits or cost averaging the losses in the hopes that price would reverse back up.

Also, notice how the EURAUD has two deals with trades on the buy and sell side. This is typical of a hedging technique wherein traders would lock in their losses to earmark their losing currency pair and wait for another trading opportunity to cover for the losses.

Conclusion

The examples above are not real trading entries. These are trades made on a demo account to show how the I Exposure Indicator works.

At first glance this indicator would seem useless since the same information is also shown on the MT4 terminal. However, it can still be a useful tool for traders who use complex trade management techniques such as those mentioned above.