iExposure Indicator
The iExposure indicator for MetaTrader is a custom trading tool that simply displays the essential information of a trade exposure that is associated with an open
Description
The iExposure indicator for MetaTrader is a custom tool that simply displays the essential information of a trade exposure that is associated with an open position. This information includes the asset being traded, the number of running positions, the type of open orders, lot size, the entry price, and the floating profit.
The traditional MetaTrader platform, by default, comes with a “terminal” window that accommodates all the essential information of open positions. However, the iExposure indicator is an optimized version built with algorithm that automatically assesses the “terminal” window and then relays the information regarding your trade exposure on your chart.
The essence of this indicator is to ensure that all your trade exposure of opened positions is always visible on your chart screen. This makes it pretty easy for you to keep a tab on all running trades. Therefore, the indicator would be a handy trading tool for novice, intermediate, and advanced forex traders.
How to Use the iExposure Indicator
The above image typifies the action of the indicator on an MT4 dashboard. It shows that two financial assets are currently open (EURAUD and EURCHF). Furthermore, it also shows the corresponding trade exposures of all the assets. For instance, the EURAUD pair has two buy-opened positions with a total lot size of 0.03 and is at a negative profit of 3.15.
Conclusion
The iExposure indicator for MT4 isn’t a technical trading tool for market analysis but one that displays the trade exposure of open positions. Finally, it is free to download.