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Thread: WHAT IS iEXPOSURE INDICATOR AND HOW TO USE IT?

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    Default WHAT IS iEXPOSURE INDICATOR AND HOW TO USE IT?


    What is iExposure Indicator MT4?


    iExposure is a Metatrader 4 (MT4) indicator whose aim is to convert accumulated historical data. iExposure enables the detection of many anomalies and trends in price dynamics that are opaque to the naked eye.

    Numerous indicators are used to assess the market's status and to make trading decisions dependent on that assessment. While this type of research is critical and plays a significant role in getting an advantage when joining a deal, it is not the end-all and be-all of trading. Novice traders often concentrate exclusively on the decision-making phase associated with opening a deal, neglecting other critical aspects of trading.

    For example, a critical yet often ignored aspect of trading is the art of role management. Keeping a careful watch on any open positions and ensuring that risks remain manageable is a fundamental yet necessary aspect of trading. If you do not take the time to adequately monitor your open trades, you would almost certainly struggle to close out negative positions promptly.

    Therefore, it makes sense to provide a platform that assists you in holding a close watch on the health of your trading portfolio. This will assist you in implementing sound risk control strategies and sustaining a strong trading discipline. MetaTrader4 includes such a feature to assist you in easily monitoring the available positions.

    The term "indicator" is maybe a misnomer since iExposure does not act as a scientific research indicator. It's something like a graphical tool, essentially a window on the trading site that tabulates and displays important details regarding the available positions.

    HOW TO VIEW YOUR NET POSITION IN MT4 FOR EACH SYMBOL (FREE TOOL)

    If you're trading various assets/symbols in MT4 and have multiple open positions, you'll want to see your net (average) location in each symbol to help you handle your trading more effectively.

    In MetaTrader4, there are three ways to view and control net (average) positions:

    Trade Window Tab: shows the total profit and loss on all available places in deposit currency, term currency, or points across all markets. May not show net profit and loss by mark.

    iExposure Indicator (included with MT4): an indicator window that shows the net profit and net loss for each mark.

    Custom Indicator: with the usage of custom indicators, MT4's features may be extended.

    There will never be a flawless approach that satisfies everyone's desires, but by combining certain features and resources, you will be able to see your net position through many open trades and symbols at a glance, which will satisfy the needs of the majority of traders.

    Working Example of Net Positions

    The easiest way to understand how anything functions are to try it, so let's walk through an illustration where we open several trades on two different currency pairs, GBP/USD and EUR/USD.

    If your terminal window is already locked, use the Ctrl + T shortcut to easily restore it.

    Trade Window
    Disclaimer: This chart is for illustration only

    Monitoring a Trade

    See also: Wide range of InstaForex technical indicators.

    What you need to know is how to track and change your positions when required?

    You've successfully executed a transaction! Numerous resources are available to assist you in managing and tracking your positions, commands, and activity.

    Obtain additional information regarding:

    The critical nature of maintaining positional awareness

    Methods for self-evaluation

    Remaining updated through alerts

    Monitoring a transaction is important.

    You've placed a trade and most definitely put a lot of effort into it, but that's only the start of your trip. Mostly, what distinguishes a good trader from an incompetent trader is what they do after entering a spot. As a dealer, it is important to evaluate your trading success to optimize your trading mechanism and overall approach.

    Context is critical when judging results. You ought to know two things: whether your position is on track to achieve your objectives and whether it has outperformed similar trades over a fair time.

    When do you do success evaluations?

    There is no correct or incorrect response to this issue, but deciding how often you can track and handle your assets should be included in your strategy. You will use the trading volume to aid in your decision-making process. For instance, if you trade short-term, you can have a closer eye on your positions. The critical factor is to adhere to your trading strategy.

    Utilize the resources on your portfolio overview to quickly check the specifics of your positions, balances, open orders, and results, among other things.

    Make a profit or a loss assessment

    Before you make any trades, you should have a strategy in place that outlines your objectives and your risk tolerance. Naturally, conditions will shift when you take a spot, and the economy will reverse direction at any moment. However, you should have a general understanding of the risk-reward profile of each exchange.

    Consider a benefit or loss in aggregate. And how does this equate to the benefit goal you've developed for yourself? If your profit margin falls short of your expectations, consider how you arrived at the figure and why it can be updated.

    How much of the trades culminated in a profit compared to those that ended in a loss? Make a trade evaluation. Consider the characteristics of successful trades in comparison to those of unsuccessful trades.

    Consider the following.

    Not all exchanges would be profitable, but this does not discourage you. Other than that, consider the grand scheme. Is the amount of your profits greater than the sum of your losses? If this is the case, the plan may be successful.

    Assume you spend $500 in each exchange and have a stringent escape strategy in place that limits your losses to $50 and your profits to $200. If you put ten trades and only three of them were right, considering the maximum benefit potential of $200, you will earn $600 and lose $350 (7 trades x maximum loss $50), even though you lost more often than you earned.

    Try Forex indicators in MT4 with $1000 No Deposit Bonus now!

    Maintain transparency about the assets.

    Numerous techniques exist for generating and validating new trading ideas. For instance, you can monitor the headlines, consider the Equity Summary Score to gauge analyst sentiment against a stock, and conduct fundamental research to ascertain a company's strengths and weaknesses.

    Although using this data will assist you in making an educated trading decision, it is also critical to assist you in monitoring your assets. For instance, a change in analyst sentiment on stock can affect its market direction, which may affect your results.

    Know what you possess and continue to analyze to aid in your comprehension of market movements.

    What role do warnings play in this situation?

    You cannot track the finances and business conditions 24 hours a day. However, you do not want to lose a chance to exit a trade or purchase or sell an investment at the optimal moment. Notifications can be beneficial. They alert you to specific price prices, index readings, economic announcements, shifts in analyst ratings, and other events that can impact your trading. You may modify open trading orders at any moment to better mitigate risk by establishing new buy or sale rates. Bear in mind that while warnings are beneficial for keeping you updated, don't overlook that getting a specified escape strategy is a vital component of your plan.

    Consider the methodology.

    Not all are quantifiable. Revisit your trading strategy to determine if you adhered to the choices you made. Consider integrating and using a variety of basic and technological metrics into the decision-making method.

    Continue to be inquisitive, to listen, and to be receptive to learning from the errorsthey almost always result in improvement.

    Using the MT4 iExposure Indicator

    Utilizing the iExposure indicator is one way to get a deeper understanding of our roles. This is an indicator that comes pre-installed with MT4 and is used with the majority of installs until the broker expressly removes it.

    When you update MT4, the platform includes several pre-configured software. Numerous these are embedded indicators that reflect a variety of common technological research instruments. Additionally, MT4 enables you to significantly expand this collection by uploading, or even making, custom indicators. MT4 has the iExposure indicator, but it is designated as a custom indicator.

    To access iExposure, either look for it in the list of indications in MT4's 'Navigator', or connect it through the 'Insert' tab. To use the above process, select Insert from the platform's tab menus, then 'Indicators', followed by 'Custom'. This displays a selection of the custom indicators you've built locally. Finally, navigate to your list of custom indicators and locate iExposure. As seen in the screenshot below:

    To load the iExposure indicator, navigate to Insert > Indicators > Custom > iExposure from the menu bar.

    Include iExposure In Chart
    Disclaimer: This chart is for illustration only

    This indicator creates a new indicator window inside the current map. This window would show you the net location for each symbol where you have open positions.

    Additionally, it shows the number of sales in each sign, the number of buy lots and their associated prices, the number of sale lots and their associated prices, as well as the net lots and, ultimately, the net profit and loss for each symbol.

    EUR/USD and GBP/USD iExposure Illustration
    Disclaimer: This chart is for illustration only

    When the iExposure and Trade Tab windows are open, you can see the summarized P&L with each symbol in the iExposure window and the total net benefit in the Trade Tab.

    See also: Wide range of InstaForex technical indicators.

    Note: The net benefit and loss in the iExposure window would not equal the profit seen in the Trade Tab since the net profit and loss are net of all expenses, in this case, the Commission expense.

    Using the MT4 Custom Trade Point Measure Indicator to View the Net Position on the Chart.

    GBP/USD Trade Point Measure Illustration
    Disclaimer: This chart is for illustration only

    On the map itself, the Trade Point Measure indicator will show a summary of all open positions for a single mark. This enables you to see the net location for that emblem at a glance in a manner that is not possible in the Trade Tab.

    If you will see, combining these methods enables you to quickly determine your net location.

    iExposure MT4 Conclusion

    It is important to conduct periodic reviews of your trading results to fine-tune your method and overall approach. Before making a deal, develop a strategy for it, including the risk and return model for that trade. Use reminders to keep you updated, but keep in mind that one of the most important components of the approach is a well-established escape strategy. The iExposure indicator is not revolutionary. It will not turn the trading. It does, though, have certain very valuable fundamental functions. Whichever trading tactic employ, it will be successful only if you first master the most fundamental prerequisite of trading: staying in the game. In other terms, trading profits are only earned if the trader continues to trade. To do so, you must be vigilant about the performance of your open trades. The iExposure indicator is a simple way to apply discipline by pinning the details you need to see along with your market charts to the top of your trading page.

    RISK WARNING:

    RISK IS INHERENT IN TRADING. Trading on margin entails an additional level of danger. In plain words, this ensures that you will lose capital because if you trade on margin, you risk losing all of your money. Often keep in mind that past success does not ensure potential results, and no signs or tactics are assured to generate profits.
    Last edited by Pisces01; 12-05-2021 at 08:47 PM.

    Rejected

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