The Lot Profit Forex indicator for Metatrader 4 displays lot/profit on the chart for your open trade position.
Attach it to any chart, and you will see it pop up in the upper right corner of the activity chart.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “lot_profit.mq4” indicator for MT4
Indicator Chart (EUR/USD M1)
Trading Signals (example)?
The Lot Profit Forex indicator does not issue any buy or sell signals.
Combine the indicator with a strategy or system of your preference.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: N/A
Indicator type: Data
Repaint? N/A.
Lot Profit and 4 TF Ergodic CCI MT4 Day Trading Strategy
This MT4 day trading strategy combines the Lot Profit Forex Indicator and the 4 TF Ergodic CCI Arrows Trend Indicator to provide clear entry and exit signals while helping traders manage position sizing and potential profit levels.
The Lot Profit Indicator shows your lot size and potential profit in real time, which is useful for day traders who want to track risk and gains instantly.
The 4 TF Ergodic CCI Arrows Trend Indicator gives directional signals across four timeframes, making it easier to confirm trend alignment before entering trades.
This strategy works best on 15-minute and 30-minute charts, though it can be adapted for hourly charts for those who prefer slightly longer trades.
It is suitable for traders of all experience levels who want a straightforward system to capture short-term market movements.
Buy Entry Rules
- Wait for a green arrow from the 4 TF Ergodic CCI Arrows Trend Indicator, indicating a buy signal.
- Confirm that the Lot Profit Indicator shows the potential lot/profit size aligns with your risk management rules.
- Enter the trade immediately after the green arrow appears.
- Place a stop loss below the most recent swing low to protect against unexpected reversals.
- Set your take profit target at a level that offers at least a 1:2 risk-to-reward ratio or use the projected profit shown on the Lot Profit Indicator.
Sell Entry Rules
- Wait for a red arrow from the 4 TF Ergodic CCI Arrows Trend Indicator, indicating a sell signal.
- Check the Lot Profit Indicator to ensure the trade size and projected profit fit your trading plan.
- Enter the trade immediately after the red arrow appears.
- Place a stop loss above the most recent swing high to minimize potential losses.
- Set a take profit level based on a 1:2 risk-to-reward ratio or according to the potential profit displayed by the Lot Profit Indicator.
Advantages
- Combines trend confirmation with real-time position/profit tracking.
- Easy to use and suitable for day trading on multiple currency pairs.
- Helps traders manage risk by showing potential profits before entering trades.
- Works well on lower timeframes for capturing intraday moves.
- Signals are clear and easy to follow, even for beginner traders.
Drawbacks
- Requires attention to the chart for the correct timing of entries and exits.
- False signals may occur during low liquidity or ranging markets.
- Overtrading is possible if arrows appear too frequently without trend confirmation.
Example Case Studies
Case Study 1
On the EUR/USD 15-minute chart, a green arrow appeared at 10:15 AM while the Lot Profit Indicator projected a potential 0.5 lot position with a 20-pip gain.
The trader entered a buy trade with a stop loss below the recent swing low.
The price moved in favor, reaching the take profit target of 20 pips within an hour, achieving the projected profit shown on the Lot Profit Indicator.
Case Study 2
On the GBP/USD 30-minute chart, a red arrow appeared at 2:00 PM with the Lot Profit Indicator showing a 0.3 lot size and 25 pips potential profit.
The trader entered a sell position, placed a stop loss above the recent swing high, and allowed the trade to run.
Within 90 minutes, the price hit the take profit level, and the trade resulted in a gain very close to the projected profit, demonstrating effective trend alignment and risk management.
Strategy Tips
- Use this strategy during active market hours to avoid low liquidity periods.
- Combine with basic market analysis, such as support and resistance levels, to improve trade accuracy.
- Always adhere to your risk management rules and adjust lot sizes based on account size.
- Check multiple timeframes for trend alignment to reduce false signals.
- Track past trades to refine stop loss and take profit placement for consistent results.
