Breakeven indicator Line of ZERO: trading under control
Line of ZERO indicator can be attributed to informational indicators. Visually, it looks like a horizontal line on the price chart, and displays breakeven level on all positions open on this asset.
The Line of ZERO indicator allows you to display the breakeven level selectively by changing the OP parameter:
- 0 - Breakeven level on all buy trades;
- 1 - Breakeven level on all Sell trades;
- -1 - Breakeven level on all trades.
In addition, when using Expert Advisors, it is possible to display the Breakeven level for an individual Expert Advisor using the Magic parameter (if the parameter is set to -1, the Breakeven level will be displayed for all Expert Advisors).
According to our experts, Line of ZERO Breakeven indicator will be very useful for traders whose trading tactics involve a large number of simultaneously open trades on a single currency pair.
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