The Equity and Balance indicator developed for Metatrader 5 provides real-time updates of your trading accounts’ equity and balance in a separate chart window.
The equity is graphed as a lime-colored line, while the balance is represented by a distinct blue-colored line.
At a glance, this indicator offers valuable insights into your performance when trading in the Forex market.
How to interpret this tool?
- If your account balance is trending upward, you are making more profits than losses.
- If your account balance is trending downward, you are making more losses than profits.
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Equity and Balance.mq5 Indicator (MT5)
Chart Example
The picture below displays how the Equity and Balance indicator looks when applied to the MT5 chart.
Super Arrow Entry MT5 Strategy with Equity-Based Risk Control
This strategy pairs the entry power of the Super Arrow Buy Sell Indicator with the real-time portfolio tracking of the Equity and Balance Indicator.
It helps traders take high-quality trades while staying fully aware of account performance and drawdown exposure.
Strategy Concept
The Super Arrow Indicator identifies directional opportunities across timeframes with visual buy/sell alerts.
Meanwhile, the Equity and Balance Indicator gives you a live snapshot of your floating profit, equity curve, and balance, allowing you to trade more responsibly under controlled risk conditions.
Buy Trade Setup
- Wait for a buy arrow signal from the Super Arrow Indicator on your selected chart timeframe (M15, M30, or H1 recommended).
- Check your Equity and Balance Indicator to ensure you are not overexposed and your floating loss is within safe limits.
- Enter a buy position once the arrow candle closes and confirm trend alignment with higher timeframes.
- Place a stop-loss below the recent swing low or support level.
- Take profit at the next resistance level or use a trailing stop method.
Sell Trade Setup
- Wait for a sell arrow from the Super Arrow Indicator.
- Ensure your live equity is not under significant drawdown using the Equity and Balance panel.
- Execute the sell order at the close of the arrow candle.
- Set stop-loss above the recent swing high or resistance area.
- Target the next support zone or manage trade dynamically with partial take profits.
Trade Management Tips
- Use the Equity and Balance Indicator to avoid overtrading during drawdowns.
- If equity drops more than 5% in a single session, pause and reassess before entering new trades.
- Monitor the Super Arrow signals on multiple pairs, but only take trades when the risk profile is favorable based on your live equity.
By combining smart entries from the Super Arrow system with real-time account metrics from the Equity and Balance Indicator, this strategy promotes smarter decision-making and disciplined risk control, two critical keys for long-term trading success.
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Equity and Balance.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Equity and Balance.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
