Follow the MT5 indicator installation guide for file locations, chart setup and troubleshooting. Use this tool’s own inputs and dependencies.
Already have a compatible account? You can use it. Otherwise, compare broker eligibility, platforms and costs.
TF Position Planning Overlay
Drag entry, stop and target lines to inspect a lot-step-rounded risk estimate and net reward/risk. This indicator sends no orders.
MQL5 source, EX5, README and SHA-256 checksums. Research beta.
What this MT5 indicator does
- Creates selectable entry, stop and target price lines.
- Uses broker tick size and the loss tick value in account currency, plus an editable round-trip commission.
- Rounds volume down to the broker’s lot step and respects minimum and maximum lots.
- Displays a target-based reward/risk estimate using the profit-side tick value.
Inputs and default settings
These are the defaults in the supplied source. Review them for your account, exact broker symbol and intended test. They are not optimised trading recommendations.
| Input | Default |
|---|---|
RiskPercent | 0.5 |
InitialStopPoints | 200 |
RoundTripCommissionPerLot | 7 |
Limitations and failure conditions
- This is a constant-tick-value approximation, not an OrderCalcProfit or margin check. Tick values can change.
- Dragging lines does not create or modify a broker order. Default line locations are examples.
- Stop slippage, gaps and variable financing are excluded; the target must be on the intended profitable side for a positive reward.
Install in MetaTrader 5
- Extract the ZIP and read its README before attaching any file.
- In MT5, choose File → Open Data Folder. Copy the MQ5, EX5 and TFCommon.mqh files together into MQL5/Indicators/TradeForex.
- Refresh Navigator and attach the indicator to a chart in an isolated demo or tester. Review its inputs and data requirements.
- Use one instance per chart. Reattach after changing accounts; retain the documented state files and settings when testing restarts.
No broker password, web API key or DLL permission is required by this package.
Acceptance checks before relying on it
The following checklist is pending. It is not a report of passed runtime tests.
- Compare tick size, loss tick value and volume limits with the symbol specification.
- Drag both long and short plans and verify below-minimum volume and target-side behaviour.
- Compare a sample plan against the platform’s profit calculation for each intended instrument.
Download contents and integrity
The ZIP contains MQL5 source, the compiled EX5, TFCommon.mqh, README.md, MIT licence, TEST-STATUS.json and SHA256SUMS.txt.
ZIP size: 20,190 bytes. SHA-256: f140f4db05746bd3fe3dbbf83c6b6fd14072efbcfbe9a579f016bdb98b8dd202.
Download indicator source and EX5
See how we distinguish compilation, demo testing and trading evidence.
Frequently asked questions
Does this tool work in MT4?
No. This package contains MQL5 source and an EX5 build for MetaTrader 5 desktop. MT4 requires a different codebase; mobile and web charts do not run this desktop file.
What has been tested?
MetaEditor build 6180 compiled the supplied release with zero errors and zero warnings. The runtime acceptance checklist, backtests and forward tests are still pending.
Does this indicator place orders?
No. It displays calculated chart context. Check its data inputs and compare its values independently before relying on the display.
Related tools and guides
Educational research, not personal investment advice. CFDs are leveraged products and can cause rapid losses. A calculation, indicator or stop cannot guarantee an account outcome.