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Read MoreiExposure will show the opening of trading positions in tabular form in the sub-window below the main window. This allows the trader to see at a glance the positions in the market including the profit value and the amount of risk for each position.
The iExposure indicator is a technical tool that is easy to use and very helpful, especially if a trader opens several trades at once with several different instruments. Traders can add the iExposure indicator to any price chart if they wish to use it.
By adding the iExposure indicator, traders can also still see tabs of other trading positions for other currencies. Also note that iExposure can also monitor all trading positions, besides being able to make details by displaying one position for one window.
Any trader will definitely love winning as well as hate such as suffering defeat. But in the case of forex trading, this kind of emotion can have an unfavorable influence on decision-making actions. In other words, trading emotions can mess up trading itself.
Because a negative attitude is always associated with losing a trade, there will be a tendency for traders to be emotionally shaken after losing a trade, especially if they lose a lot. For example, a trading position does not go according to plan, it is easy for traders to turn away and leave the market.
But the bad position can actually be easily anticipated from the start if the trader wants to monitor the position constantly. Not by monitoring trading positions in front of the computer continuously, but simply leaving it to a technical tool that has this function.
Having technical tools such as the iExposure indicator can keep trading positions in line with the profit targets that have been proclaimed since the beginning of entering the market. This kind of indicator is not only useful for maintaining trading positions so that it has become a necessity.
For any trader who wants to keep his position in the market under control, the iExposure indicator offers this function, namely managing positions so that they are in accordance with what was planned at the beginning when opening a trade.
The iExposure indicator also provides other technical analysis tools, although its main function remains as a parameter to monitor positions. For example, you want to see how the iExposure indicator works, the easiest way is to open a position and the related information will be displayed on the screen.
But of course, taking the risk by opening a real trade just to find out how the iExposure indicator works is not a wise move for a trader to take. That's why opening a demo trading account is a great idea for every trader.
In the risk-free environment that the demo account offers, traders can try the iExposure indicator with different parameters for each scenario. The environment offered by the demo account is the original environment of the forex market, but the capital used is only virtual money.
The iExposure indicator actually does not have a special effect that can change the trader's perspective on a trade, but it is enough to help traders monitor positions in the market. iExposure doesn't revolutionize the way trading is advanced, or whatever.
iExposure comes with basic features that are very useful. It doesn't matter what trading strategy is taken, the results will be effective if the trader has carried out the basics of trading as it has been prepared so that the trading position remains in the plan he made.
In other words, a trader can only make profit from trading if he continues to trade. To do this, traders must still be in a favorable position in the market. Moreover, forex is a market full of uncertainty.
Keeping a profitable trading position in the market is not easy, especially if you don't incorporate discipline into the process. Even then, risk management must still be added in an effort to keep away the potential for defeat that can occur at any time.
The iExposure indicator is intended to keep traders disciplined in maintaining positions in the market, namely by providing the latest information on the latest positions. Including the possible risks and profits that may be obtained from the position.
iExposure is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.
(downloadable file eunic-brussels.eu contains eunic-brussels.eu4 & eunic-brussels.eu4)
How to install iExposure mt4 indicator in forex trading platform metatrader 4?
Extract the downloaded eunic-brussels.eu
Go to “File menu” in Mt4 trading platform and click “open data folder”. Open Mql4 folder and open the indicators folder. Now paste the eunic-brussels.eu4 and eunic-brussels.eu4 files into indicators folder and restart the MetaTrader 4.
Forex Mt4 IndicatorsForex Trading SystemsForex Brokers
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on File in the top left corner.
Select Open Data Folder from the dropdown menu.
In the window that opens, double-click on the MQL4/5 folder.
Double-click on the Indicators folder.
Drag and drop the indicator file from your computer into the Indicators folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the Navigator window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click Yes to confirm the use of DLLs. If you are not sure or do not trust the source, click No to cancel the installation.
Its worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
One of the most crucial pieces of information that traders should always be aware of is their trading exposure. This tells them how much of their trade account is vulnerable to losses or likely gains. The iExposure Indicator is a tool designed to make it easier for traders to view this information. The iExposure Indicator has an algorithm that retrieves data from the brokers price feed as well as information from the account trading terminal. This is the same information that appears on the Terminal windows Trade tab.
The iExposure Indicator is a trading tool that displays a traders overall trading exposure on his trading account. It launches an indicator window in which the indicator displays information about the traders current trades. It displays the symbols or currency pairs traded, the number of transactions for each currency pair or symbol, the number of lots purchased and sold, the entry price for buy trades, the entry price for sell trades, the net number of lots traded, and the profit for each currency pair traded.
The iExposure Strategy displays all of the deals made by the trader and summaries them by currency pair or symbol. This enables traders to see all of their trades at a look rather than needing to tally their trades per currency pair. The iExposure Indicator can be a valuable tool for traders who use advanced trade management tactics in addition to the standard placement of a fixed stop loss and take profit.
It can be used for hedging, cost averaging, martingales, and reverse martingales. It can also be utilized for proactive money management tactics, such as scaling in and scaling out of numerous positions, which are used by many seasoned traders. In a situation where the asset being traded has two deals, both of which are sell orders, this is a typical scenario for tactics such as scaling in a trade to develop a larger position as the trade profits or cost averaging the losses in the expectation that the price will reverse back up.
Unlike many other technical indicators, the iExposure Indicator does not give any BUY signals. The indicator wasn’t designed as a tool for analysing the market in order to inform buying and selling decisions.
The iExposure Indicator is a technical tool whose purpose is to alter the gathered history data. iExposure Indicator enables the detection of many peculiarities and patterns in price dynamics that are undetectable to the naked eye. Traders can assume additional price movement and could choose to modify their approach based on this information. At first look, this indicator appears to be meaningless because the same information is already displayed on the MT4 interface. However, for traders who use advanced trade management techniques such as those discussed above, it can still be a beneficial tool.
The Forex Geek
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
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