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<div class="popular_content__wrap"><div class="popular_content__list"><div class="popular_content__list_item"><div class="popular_content__list_item_section">Tools</div> <div class="popular_content__list_item_data"><h4 class="popular_content__list_item_title">Position Sizer</h4> <span class="popular_content__list_item_description">Calculate risk-based position size directly in your MetaTrader platform and execute a trade in one click or a press of a button.</span></div> <a href="/metatrader-expert-advisors/Position-Sizer/" class="popular_content__list_item_link">/metatrader-expert-advisors/Position-Sizer/</a></div> <hr><div class="popular_content__list_item"><div class="popular_content__list_item_section">Education</div> <div class="popular_content__list_item_data"><h4 class="popular_content__list_item_title">What Is Forex</h4> <span class="popular_content__list_item_description">Learn what Forex is and how it works from this simple explanation.</span></div> <a href="/what-is-forex/" 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<p><strong>What is MQL4?</strong> MQL4 stands for <strong>MetaQuotes Language 4</strong> and is a programming language included in <strong>MetaTrader 4</strong>. <strong>MQL4</strong> is the MQL version 4, the one that works with MetaTrader 4. If you don't know what a programming language is, it means that you have never written code before, which is fine. A programming language is a language that allows a developer, in this case you, to tell the computer to perform specific actions. This sequence of actions then forms a program.</p>
<p>MQL4 was released with the first version of MetaTrader 4 around <strong>2005</strong> and has gone through many updates over the years. An important update was released in <strong>2014</strong>, when it was given more power, security, and features, to bring it nearly to the same level as MQL5.</p>
<p>MQL4 and MQL5 have some important differences, but for now we will focus only on MQL4 and MetaTrader 4.</p>
<h2>File Extensions</h2>
<p>MQL4 files have the following <strong>extensions</strong>:</p>
<ul>
<li><strong>.mq4</strong> is a source file. It is basically a text file format that contains all the instructions to be executed. You can open them with MetaEditor or any text file editor. This file must be compiled first to run in MetaTrader.</li>
<li><strong>.ex4</strong> is a compiled version, an actual program that can be run by MetaTrader. You cannot open it with any other program other than MetaTrader. If you buy a paid indicator or expert advisor, you will probably receive the software with the .ex4 extension.</li>
<li><strong>.mqh</strong> are libraries, which are files containing additional functions that you can include and use in your programs. Like the .mq4 files, you can open them with MetaEditor or any text editor software.</li>
</ul>
<img src="/img/mql4ta/2016/09/MetaTrader-MQL4-2.jpg" srcset="/generated/779027cdb368a5fd5b5585dbb3619e9b-2x.jpg 2x, /generated/779027cdb368a5fd5b5585dbb3619e9b-4x.jpg 4x" alt="MetaTrader 4 Files with .ex4 and .mq4 Extensions" class="aligncenter" width="150" height="91" />
<p><br /></p>
<img src="/img/mql4ta/2016/09/MetaTrader-MQL4-4.jpg" srcset="/generated/d9d4695d2244e804a7bbed682796c3d0-2x.jpg 2x, /generated/d9d4695d2244e804a7bbed682796c3d0-4x.jpg 4x" alt="A List of .mqh Files with MQL4 Functions" class="aligncenter" width="206" height="288" />
<p><br /></p>
<p>MQL4 uses a syntax similar to <strong>C++/C#/C/Java</strong>. So, if you already know some of these languages, it will not take long to learn how to use MQL4.</p>
<h2>What Can You Really Do with MQL4?</h2>
<p>MQL4 is an extremely powerful tool that if used properly can expand you trading possibilities. To give you some examples, with MQL4 you can:</p>
<ul>
<li>Perform mathematical operations like, for example, calculate a position size given risk parameters.</li>
<li>Calculate stop-loss and take-profit levels.</li>
<li>Open and close orders.</li>
<li>Send notifications on to the screen or to an email address.</li>
<li>Create log files and reports.</li>
<li>Create custom indicators.</li>
<li>Automate your trading, letting your computer trade for you without your interaction.</li>
</ul>
<p>As you can see, MQL4 gives you great powers — learning this language will allow you to benefit from all of them.</p>
<p>MQL programs can be divided into three main categories:</p>
<ul>
<li>scripts</li>
<li>indicators</li>
<li>expert advisors</li>
</ul>
<img src="/img/mql4ta/2016/09/MetaTrader-MQL4-3.jpg" srcset="/generated/1ec2e314e971d72353294d2a9dee8b9d-2x.jpg 2x, /generated/1ec2e314e971d72353294d2a9dee8b9d-4x.jpg 4x" alt="MetaEditor Navigator of MQL4 Folder" class="aligncenter" width="146" height="234" />
<p><br /></p>
<p>You can learn more about the these categories from our guide on <a href="/guides/mql4-program-types/">differences between scripts, indicators, and expert advisors</a>.</p>
<p>Have you already installed <a href="/guides/what-is-metatrader-4/">MetaTrader 4</a>? If not, please read <a href="/guides/how-to-download-and-install-free-metatrader-4-on-windows/">How to Install MetaTrader 4 Client Terminal</a>.</p>
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You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. EarnForex.com is operated by EARNFOREX S.A.S., a company registered at the following address: 229 rue Saint-Honoré, 75001 Paris, France. Tribunal de commerce de Paris registration number: 951833029. French VAT ID: FR04951833029. All trademarks, logos, and brand names are the property of their respective owners. All company, product ,and service names used on this website are for identification purposes only. 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If you don't know what a programming language is, it means that you have never written code before, which is fine. A programming language is a language that allows a developer, in this case you, to tell the computer to perform specific actions. This sequence of actions then forms a program.\u003C\u002Fp\u003E\n\n\u003Cp\u003EMQL4 was released with the first version of MetaTrader 4 around \u003Cstrong\u003E2005\u003C\u002Fstrong\u003E and has gone through many updates over the years. An important update was released in \u003Cstrong\u003E2014\u003C\u002Fstrong\u003E, when it was given more power, security, and features, to bring it nearly to the same level as MQL5.\u003C\u002Fp\u003E\n\n\u003Cp\u003EMQL4 and MQL5 have some important differences, but for now we will focus only on MQL4 and MetaTrader 4.\u003C\u002Fp\u003E\n\n\u003Ch2\u003EFile Extensions\u003C\u002Fh2\u003E\n\n\u003Cp\u003EMQL4 files have the following \u003Cstrong\u003Eextensions\u003C\u002Fstrong\u003E:\u003C\u002Fp\u003E\n\n\u003Cul\u003E\n\n \t\u003Cli\u003E\u003Cstrong\u003E.mq4\u003C\u002Fstrong\u003E is a source file. It is basically a text file format that contains all the instructions to be executed. You can open them with MetaEditor or any text file editor. This file must be compiled first to run in MetaTrader.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003E\u003Cstrong\u003E.ex4\u003C\u002Fstrong\u003E is a compiled version, an actual program that can be run by MetaTrader. You cannot open it with any other program other than MetaTrader. If you buy a paid indicator or expert advisor, you will probably receive the software with the .ex4 extension.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003E\u003Cstrong\u003E.mqh\u003C\u002Fstrong\u003E are libraries, which are files containing additional functions that you can include and use in your programs. Like the .mq4 files, you can open them with MetaEditor or any text editor software.\u003C\u002Fli\u003E\n\n\u003C\u002Ful\u003E\n\n\u003Cimg src=\"\u002Fimg\u002Fmql4ta\u002F2016\u002F09\u002FMetaTrader-MQL4-2.jpg\" srcset=\"\u002Fgenerated\u002F779027cdb368a5fd5b5585dbb3619e9b-2x.jpg 2x, \u002Fgenerated\u002F779027cdb368a5fd5b5585dbb3619e9b-4x.jpg 4x\" alt=\"MetaTrader 4 Files with .ex4 and .mq4 Extensions\" class=\"aligncenter\" width=\"150\" height=\"91\" \u002F\u003E\n\n\u003Cp\u003E\u003Cbr \u002F\u003E\u003C\u002Fp\u003E\n\n\u003Cimg src=\"\u002Fimg\u002Fmql4ta\u002F2016\u002F09\u002FMetaTrader-MQL4-4.jpg\" srcset=\"\u002Fgenerated\u002Fd9d4695d2244e804a7bbed682796c3d0-2x.jpg 2x, \u002Fgenerated\u002Fd9d4695d2244e804a7bbed682796c3d0-4x.jpg 4x\" alt=\"A List of .mqh Files with MQL4 Functions\" class=\"aligncenter\" width=\"206\" height=\"288\" \u002F\u003E\n\n\u003Cp\u003E\u003Cbr \u002F\u003E\u003C\u002Fp\u003E\n\n\u003Cp\u003EMQL4 uses a syntax similar to \u003Cstrong\u003EC++\u002FC#\u002FC\u002FJava\u003C\u002Fstrong\u003E. So, if you already know some of these languages, it will not take long to learn how to use MQL4.\u003C\u002Fp\u003E\n\n\u003Ch2\u003EWhat Can You Really Do with MQL4?\u003C\u002Fh2\u003E\n\n\u003Cp\u003EMQL4 is an extremely powerful tool that if used properly can expand you trading possibilities. To give you some examples, with MQL4 you can:\u003C\u002Fp\u003E\n\n\u003Cul\u003E\n\n \t\u003Cli\u003EPerform mathematical operations like, for example, calculate a position size given risk parameters.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003ECalculate stop-loss and take-profit levels.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003EOpen and close orders.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003ESend notifications on to the screen or to an email address.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003ECreate log files and reports.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003ECreate custom indicators.\u003C\u002Fli\u003E\n\n \t\u003Cli\u003EAutomate your trading, letting your computer trade for you without your interaction.\u003C\u002Fli\u003E\n\n\u003C\u002Ful\u003E\n\n\u003Cp\u003EAs you can see, MQL4 gives you great powers — learning this language will allow you to benefit from all of them.\u003C\u002Fp\u003E\n\n\u003Cp\u003EMQL programs can be divided into three main categories:\u003C\u002Fp\u003E\n\n\u003Cul\u003E\n\n \t\u003Cli\u003Escripts\u003C\u002Fli\u003E\n\n \t\u003Cli\u003Eindicators\u003C\u002Fli\u003E\n\n \t\u003Cli\u003Eexpert advisors\u003C\u002Fli\u003E\n\n\u003C\u002Ful\u003E\n\n\u003Cimg src=\"\u002Fimg\u002Fmql4ta\u002F2016\u002F09\u002FMetaTrader-MQL4-3.jpg\" srcset=\"\u002Fgenerated\u002F1ec2e314e971d72353294d2a9dee8b9d-2x.jpg 2x, \u002Fgenerated\u002F1ec2e314e971d72353294d2a9dee8b9d-4x.jpg 4x\" alt=\"MetaEditor Navigator of MQL4 Folder\" class=\"aligncenter\" width=\"146\" height=\"234\" \u002F\u003E\n\n\u003Cp\u003E\u003Cbr \u002F\u003E\u003C\u002Fp\u003E\n\n\u003Cp\u003EYou can learn more about the these categories from our guide on \u003Ca href=\"\u002Fguides\u002Fmql4-program-types\u002F\"\u003Edifferences between scripts, indicators, and expert advisors\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\n\u003Cp\u003EHave you already installed \u003Ca href=\"\u002Fguides\u002Fwhat-is-metatrader-4\u002F\"\u003EMetaTrader 4\u003C\u002Fa\u003E? If not, please read \u003Ca href=\"\u002Fguides\u002Fhow-to-download-and-install-free-metatrader-4-on-windows\u002F\"\u003EHow to Install MetaTrader 4 Client Terminal\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n",body_bottom:b,breadcrumb_list:ae,extra_data:{page_caps:[{type:"NEWSLETTER",state:d}],faq_list_data:[],cards_data:[],additional_blocks:[],more_pages_blocks:[],share_block_items:[]}}}],fetch:{},error:a,state:{realIp:"207.154.202.109",featuredBrokersReady:c,featuredBrokersCount:ad,siteLanguages:[{id:g,name:"English",slug:j,abbreviation:"en"},{id:h,name:"Chinese",slug:m,abbreviation:"cn"},{id:e,name:"Spanish",slug:n,abbreviation:"es"},{id:t,name:"Russian",slug:o,abbreviation:"ru"},{id:u,name:"Arabic",slug:p,abbreviation:"ar"}],feedbackTypes:[],mobMenuVisibility:c,searchBarOpened:c,navLinks:[{slug:"forex-brokers",name:ap,children:[{slug:"mt4-forex-brokers",name:aq},{slug:"mt5-forex-brokers",name:ar},{slug:"paypal-forex-brokers",name:as},{slug:"regulated-forex-brokers",name:at},{slug:"oil-forex-brokers",name:au},{slug:"gold-forex-brokers",name:av},{slug:"muslim-forex-brokers",name:aw},{slug:"web-forex-brokers",name:ax},{slug:"forex-brokers-cfd",name:ay},{slug:"ecn-forex-brokers",name:az},{slug:"skrill-forex-brokers",name:aA},{slug:"neteller-forex-brokers",name:aB},{slug:"perfect-money-forex-brokers",name:aC},{slug:"bitcoin-forex-brokers",name:aD},{slug:"ethereum-forex-brokers",name:"Ethereum 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It boasts a daily volume of more than $7.5 trillion. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor.",chinese:"外匯 — 外匯（貨幣或FOREX，或FX）市場是世界上最大、流動性最強的金融市場。 它的日交易量超過 7.5 萬億美元。 這個市場的交易涉及買賣世界貨幣，從匯率差異中獲利。 外匯交易可以產生高額利潤，但也是一項非常冒險的工作。",spanish:"Forex: el mercado de divisas (divisas o FOREX, o FX) es el mercado financiero más grande y más líquido del mundo. Cuenta con un volumen diario de más de 7,5 billones de dólares. Operar en este mercado implica comprar y vender divisas mundiales, aprovechando la diferencia de tipos de cambio. El comercio de divisas puede generar grandes ganancias, pero también es un esfuerzo muy arriesgado.",russian:"Форекс — рынок иностранной валюты (валюты или FOREX, или FX) является крупнейшим и наиболее ликвидным финансовым рынком в мире. Его ежедневный объем превышает 7,5 триллиона долларов. Торговля на этом рынке предполагает покупку и продажу мировых валют, получение прибыли от курсовой разницы. Торговля на валютном рынке может приносить высокую прибыль, но также является очень рискованным занятием».",arabic:"الفوركس - سوق الصرف الأجنبي (العملة أو الفوركس أو العملات الأجنبية) هو أكبر الأسواق المالية وأكثرها سيولة في العالم. إنه يضم حجمًا يوميًا يزيد عن 7.5 تريليون دولار. يتضمن التداول في هذا السوق شراء وبيع العملات العالمية ، وجني الأرباح من فرق أسعار الصرف. يمكن أن تسفر تجارة العملات الأجنبية عن أرباح عالية ولكنها أيضًا مسعى محفوف بالمخاطر للغاية."},footerBottomTexts:{english:"Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster. CFDs are leveraged products and as such loses may be more than the initial invested capital. 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It boasts a daily volume of more than $6.6 trillion. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor.",copyright:"All Rights Reserved.",designedBy:"Developed by",bottomText:"Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.",submit:ce,calculatedMetrics:cf,table:{summary:P,platform:cg},cookieConsent:{text:"This website uses cookies to enhance your browsing experience.",buttonLabel:"Accept"},seeAll:"See all",seeLess:"See less"},guides:{sortBy:"Sort by",sortOptions:["Title",ch,"Views"],search:ci,guidesAmountLabels:["guide",s,s],noResults:"No results found",searchPlaceholder:ci,subscribeTONewsletter:"If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our \u003Ca href=\"{link}\"\u003Emonthly newsletter\u003C\u002Fa\u003E."},lessons:{totalProgress:"Total progress",quiz:"Quiz",done:"Done",tryAgain:"Try again",wait:"Wait...",results:cj,more:"More lessons",goTo:"Go to lesson",goToCourse:"Go to next course",success:"Quiz completed successfully!",failed:"Quiz Failed!"},brokers:{searchBrokers:"Search for brokers",advancedSearchBtn:"Advanced search",advancedSearchLink:"Switch to advanced search",ifNoSearchResults:"There is no brokers on your request",table:{byName:ck,byAccountSize:"Min. Account Size",byRating:"Broker Rating",byMinPositionSize:"Min. Position Size",payment:"Payment",byLeverage:"Max. 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lot",rebatesAll:"Rebates per 1 std. lot",forVipTraders:"For vip Traders",specialNotes:cs,additionalLinkLabel:"Additional link",brokerWebsite:"Website screenshot",bannerReg:{title:"Open real account or open demo account with ",whiteBtn:"real account",greyBtn:"demo account",linkLabel:"View contract specifications"},bannerWebsite:{title:"Visit {name} website",whiteBtn:w},rating:"Broker rating",minAccSize:O,maxLeverage:"Max leverage",seriousRegulation:cl,similarBrokers:"Similar brokers",disabled:"Disabled",foundedIn:"Founded in",unrated:"Unrated",qualifiedReviewTitle:ct,qualifiedReviews:[ct,"qualified reviews"],seeReviews:"See {name} reviews",close:ca,showMore:b$,vps_state:{NO:x,FREE:"Free",COMING_SOON:"Coming soon",PRICE:"Price per month",DISCOUNT:"Discount",FREE_IF_DEPOSIT:"Free for deposits greater than",FREE_IF_LOTS:"Free after trading"},history:"History",closeHistory:"Close history",openHistory:"Open history",onlineSince:cu,adminNotes:"Admin`s notes",warningSigns:"Warning signs",companies:"Companies"},accountTypes:{title:"Account Types",minAccSize:O,spread:"Spread, ",typical:"typical",minimum:"minimum",tradingInstruments:"Maximum leverage",keyLabel:cv,valLabel:cv,minPosSize:cw,spreadType:"Spread type",tradingPlatforms:"Trading platforms",featuresTradingPlatforms:"Features of trading platforms",digitsAfterDot:cx,scalping:cy,expertAdvisors:"Expert advisors",numberOfCurrencyPairs:"Number of currency pairs (of which exotic)",commission:"Commission (one-way) per 1 std. lot",marginCallLevel:"Margin call level",stopOutLevel:cz,maxNumberOfSimultaneousPosition:cA,executionMethod:cB,minDistanceToOrder:"Minimum distance to stop\u002Flimit orders, pips",maxAccSize:"Maximum account size",commissionCfd:"Commission (one-way) for CFD per 1 std. lot",specialNotes:cs,closeDetails:"Close details",openDetails:"Open details",emuns:{yes:"Allowed",no:x,unknown:"Unknown",encouraged:"Encouraged",withLimits:"Yes, but limits apply",both:cC},lot:"lot | lots",variable:cD,fixed:cE,market:cF,instant:cG,details:"Detailed information",currency:"Currency",instrumentSpread:Q,absolut:"%",pips:"PIPS",maximum:"maximum",upTo:"Up to"},vpsHosting:{table:{vpsHosting:cH,basicPackagePrice:cI,rating:cJ,payment:K,country:cK,mt4:cL,traffic:"Traffic",trial:cM},title:cH,ratingTitle:"VPS Rating",servers:"Servers in",basicPackagePrice:cI,monthlyBandwidth:"Monthly bandwidth",offeredExpertAdvisors:"Offered expert advisors",online:cu,payments:S,metaTraderPreInstalled:"MetaTrader pre-installed",trial:cM,banner:{title:w,btn:w}},advisors:{table:{label1:"Advisor",label2:V,label3:cJ,label4:"Timeframes",label5:"CPU load",label6:"Test period",label7:"Test lots",label8:"Best result",label9:"Test profit",label10:"Max DrawDown",label11:cL,label12:"MT5"},all:cb,cpuLoad:{ALMOST_ZERO:"Almost 0%",LOW:"Low",MIDDLE:cN,HIGH:"High",NONE:"None"}},calcs:{highPrice:"High price",lowPrice:"Low price",calculate:"Calculate",results:cj,direct:"Direct",reverse:"Reverse",retracementValue:"Retracement Value",balanceWas:"Your balance was ($)",andYou:"and you",won:"won",lost:"lost",whichIs:"which is (%)",currentBalance:"Your current balance is ($)",you:"You ",willHaveToWin:"will have to win",canNowAffordToLose:"can now afford to lose",toGet:", to get",beforeGetting:", before getting",backBalance:" back to your starting balance.",cantRegain:"You cannot regain your balance.",accountCurrency:"Account currency",currencyPair:"Currency pair",positionSize:"Position size",units:"units",pricePip:"Price of pip",closePrice:"Close price",openPrice:"Open price",requiredForDeMarks:"required for DeMark's pivot points",floorPivotPoints:"Floor Pivot Points",woodiesPivotPoints:"Woodie's Pivot Points",camarillaPivotPoints:"Camarilla Pivot Points",deMarksPivotPoints:"DeMark's Pivot Points",resistance4:"4th Resistance",resistance3:"3rd Resistance",resistance2:"2nd Resistance",resistance1:"1st Resistance",pivotPoint:"Pivot Point",support1:"1st Support",support2:"2nd Support",support3:"3rd Support",support4:"4th Support",accountSize:"Account size",accountBalance:"Account balance",accountLeverage:"Account leverage",stopOutLevel:"Broker stop-out level",riskRatio:"Risk Ratio",money:"Money",stopLoss:"Stop-Loss",standardPips:"standard pips",askPrice:"Ask price",quoteRate:"Quote Currency Conversion Rate",baseRate:"Base Currency Conversion Rate",lots:"Lots",priceA:"Price A",priceB:"Price B",priceC:"Price C",risk:"Risk",reward:"Reward",ratio:"Ratio",retracement:"retracement",target1:"1st target",target2:"2nd target",target3:"3rd target",target:"Target",moneyRisk:"Money risk",points:"points",swapWith:"Swap with ",betSize:"Bet size"},interestRates:{reset:R,back:"Go back",forward:"Go forward",divider:"by",table:{country:cK,currentRate:"Current Rate",latestChange:"Latest Change",centralBank:"Central Bank"},plot:{title:"Interest rate",upper:"upper"}},reportAnalysis:{selectNewFile:"Select new file",selectFile:"Select file",forceClose:"Force close open positions",forceCloseMsgIfOanda:"It's not possible to calculate open position profit from Oanda report.",forceCloseMsgIfStrategyTester:"Strategy Tester closes all positions automatically at the end of period.",countSwapCommission:"Count swap and commission for loss\u002Fprofit",countSwapMsgIfStrategyTester:"MT4 Strategy Tester reports don't include swap\u002Fcommission data.",calculateRisk:"Calculate Risk of Loss with exact probability formula (can be quite slow)",renderPeriodic:"Include Periodic Data (can be quite slow on big reports)",renderPeriodicInfo:"Applicable only for PDF generator",submitBtnLabel:"Submit",pdfBtnLabel:"Generate Report as PDF",cardsTitle:cf,cardLabel1:"See",cardLabel2:"Close",cardLabel3:"details on",errorText:"Somethings went wrong!",table:{tabs:{tab1:"Main data",tab2:"Risk of ruin",tab3:"Periodic data",tab4:"Charts"},labels:{totalLabel:y,daysLabels:[T,U],todayLabel:"today",daysAgoLabel:"ago"},summary:{title:P,col1:cg,col2:W,col3:"Last Trade",col4:"Starting Balance",col5:"Highest Balance",col6:"Lowest Balance",col7:"End Balance"},gainAndLoss:{title:cO,col1:f,col2:"Net profit, $",col2Tooltip:cP,col3:cQ,col3Tooltip:cR,col4:"Gross profit, $",col4Tooltip:cS,col5:"Gross loss, $",col5Tooltip:cT},roi:{title:cU,col1:f,col2:"ROI, %",col2Tooltip:cV,col3:"Annualized ROI (Real), %",col3Tooltip:cW,col4:"Annualized ROI (Theoretical), %",col4Tooltip:cX},positions:{title:z,col1:f,col2:z,subCol2_1:y,subCol2_1_tooltip:cY,subCol2_2:"Profitable",subCol2_2_tooltip:cZ,subCol2_3:"Losing",subCol2_3_tooltip:c_,col3:"Trades (%)",subCol3_1:"Short",subCol3_1_tooltip:c$,subCol3_2:"Long",subCol3_2_tooltip:da,col4:"% triggered positions",subCol4_1:"with SL",subCol4_1_tooltip:db,subCol4_2:"with TP",subCol4_2_tooltip:dc},positionProperties:{title:dd,col1:f,col2:X,subCol2_1:k,subCol2_1_tooltip:A,subCol2_2:i,subCol2_2_tooltip:B,col3:Y,subCol3_1:k,subCol3_1_tooltip:C,subCol3_2:i,subCol3_2_tooltip:D,col4:"Average Outcome, $",col4_2:"Average Outcome, pips",subCol4_1:"SL",subCol4_1_tooltip:de,subCol4_2:"TP",subCol4_2_tooltip:df,col5:Z,col5Tooltip:E,col6:F,col6Tooltip:G},shortPositionProperties:{title:"Short Position Properties",col1:f,col2:"Short Positions",subCol2_1:dg,subCol2_1_tooltip:dh,subCol2_2:di,subCol2_2_tooltip:dj,col3:X,subCol3_1:k,subCol3_1_tooltip:A,subCol3_2:i,subCol3_2_tooltip:B,col4:Y,subCol4_1:k,subCol4_1_tooltip:C,subCol4_2:i,subCol4_2_tooltip:D,col5:dk,col6:Z,col6Tooltip:E,col7:F,col7Tooltip:G},longPositionProperties:{title:"Long Position Properties",col1:f,col2:"Long Positions",subCol2_1:dg,subCol2_1_tooltip:dl,subCol2_2:di,subCol2_2_tooltip:dm,col3:X,subCol3_1:k,subCol3_1_tooltip:A,subCol3_2:i,subCol3_2_tooltip:B,col4:Y,subCol4_1:k,subCol4_1_tooltip:C,subCol4_2:i,subCol4_2_tooltip:D,col5:dk,col6:Z,col6Tooltip:E,col7:F,col7Tooltip:G},winLossSeries:{title:dn,col1:f,col2:"Maximum Consecutive",subCol2_1:"Profit, $",subCol2_1_tooltip:do0,subCol2_2:"Profitable Positions (by Profit)",subCol2_2_tooltip:dp,subCol2_3:"Profitable Positions",subCol2_3_tooltip:_,subCol2_4:"Profit (by Positions), $",subCol2_4_tooltip:_,subCol2_5:i,subCol2_5_tooltip:dq,subCol2_6:"Losing Positions (by Loss)",subCol2_6_tooltip:dr,subCol2_7:ds,subCol2_7_tooltip:dt,subCol2_8:"Loss (by Positions)",subCol2_8_tooltip:du,col3:"Average Consecutive",subCol3_1:"Wins",subCol3_1_tooltip:dv,subCol3_2:"Losses",subCol3_2_tooltip:dw},drawdown:{title:dx,col1:f,col2:"Absolute drawdown, $",col2Tooltip:dy,col3:dz,col3_2:"Average drawdown",col3Tooltip:dA,col3_2Tooltip:"Average Drawdown measures the average decline from the peak to the trough in the value of an investment over a specified period.",col4:dB,col4Tooltip:dC},indexes:{title:dD,col1:f,col2:dE,col2Tooltip:dF,col3:dG,col3Tooltip:dH,col4:dI,col4Tooltip:"Measure of ratio between a received return and the experienced risk. \u003Ca href='https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FSharpe_ratio' target='_blank' rel='nofollow'\u003ESharpe ratio\u003C\u002Fa\u003E is calculated as (R − R\u003Csub\u003Ef\u003C\u002Fsub\u003E) \u002F StdDev. Where \u003Cb\u003ER\u003C\u002Fb\u003E is a total account return (end balance divided by starting balance), \u003Cb\u003ER\u003Csub\u003Ef\u003C\u002Fsub\u003E\u003C\u002Fb\u003E is a risk-free return (0% in this tool), \u003Cb\u003EStdDev\u003C\u002Fb\u003E — standard deviation of the account return (calculated without \u003Ca href='https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FBessel%27s_correction' target='_blank' rel='nofollow'\u003EBessel's correction\u003C\u002Fa\u003E).",col5:dJ,col5Tooltip:"Measure of ratio between received return and the experienced downside risk. Calculated as (R − R\u003Csub\u003Ef\u003C\u002Fsub\u003E) \u002F DR. Where \u003Cb\u003ER\u003C\u002Fb\u003E is a total account return (end balance divided by starting balance), \u003Cb\u003ER\u003Csub\u003Ef\u003C\u002Fsub\u003E\u003C\u002Fb\u003E is a risk-free return (0% in this report), \u003Cb\u003EDR\u003C\u002Fb\u003E — downside risk (calculated as a standard deviation of the negative trade outcomes from zero return). \u003Ca href='https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FSortino_ratio' target='_blank' rel='nofollow'\u003ESortino ratio\u003C\u002Fa\u003E is a more useful version of Sharpe ratio.",col6:dK,col6Tooltip:"Measure of a negative volatility. After each closed position a current balance is compared with the maximum balance so far and then divided by the max balance and multiplied by 100. Then every resulting value is squared and the arithmetic mean of squares is found; a square root of the result is \u003Ca href='https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FUlcer_index' target='_blank' rel='nofollow'\u003EUlcer index\u003C\u002Fa\u003E.",col7:dL,col7Tooltip:dM,col8:dN,col8Tooltip:dO,col9:"Standard Deviation, $",col9Tooltip:"\u003Ca href='https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FStandard_deviation' target='_blank' rel='nofollow'\u003EStandard deviation\u003C\u002Fa\u003E of the absolute outcomes of the positions. Calculated without Bessel's correction.",col10:"Z-Score (Probability)",col10Tooltip:"\u003Ca href='\u002Fguides\u002Fz-score-optimization-in-forex-trading\u002F'\u003EZ-score\u003C\u002Fa\u003E measures the dependence of the trade outcomes from the previous trade outcomes. A negative Z-score less or equal to -2 signals about a positive dependence, meaning that a profitable outcome will most probably be followed by another profitable outcome and a losing one will be followed by another loss. Z-score greater or equal to +2 signals about a negative dependence, meaning that a profitable outcome will most probably be followed by a losing one, and a loss will be followed by profit. Probability of Z-score is a probability of a value to drop out of the normal distribution.",col11:"Risk-Adjusted Return, %",col11Tooltip:dP,col12:"CAGR, %",col12Tooltip:"Compound annual growth rate (CAGR) is a way to measure how an investment or business has grown over a specific period of time. It takes into account the effect of compounding, which means that the growth builds upon itself."},timeAndVolume:{title:dQ,col1:f,col2:"Total Duration",col2Tooltip:dR,subCol2_1:dS,subCol2_2:dT,subCol2_3:dU,col3:"Average Duration",subCol3_1:dS,subCol3_2:dT,subCol3_3:dU,col4:dV,subCol4_1:y,subCol4_2:cN},expenses:{title:dW,col1:f,col2:"Commission, $",col2Tooltip:dX,col3:"Swap, $",col3Tooltip:dY},rMultiple:{title:dZ,col1:f,col2:"R-multiple, $",col2Tooltip:d_,col3:"Average Profitable Trade in R-Multiples",col4:"Average Losing Trade in R-Multiples",col5:"Expected Payoff in R-Multiples"}},riskOfRuin:{headerLabel:"Part",rowLabel:"Chance to lose",probability:{headerText:"Chance to lose a part of your account before \u003Cb\u003Edoubling\u003C\u002Fb\u003E {balance} balance. \u003Cem\u003EError of estimation: {estimation_error}%\u003C\u002Fem\u003E",title:d$,tooltip:ea},formulaOne:{title:eb,tooltip:"Calculation of probability to lose a part in any period of time in future. Uses a simple formula: \u003Cnobr\u003Ee\u003Csup\u003E−(2 × A × Z) ÷ D\u003Csup\u003E2\u003C\u002Fsup\u003E\u003C\u002Fsup\u003E\u003C\u002Fnobr\u003E, where: Z is the fraction of account to lose, A is the average percentage return per trade, D is the standard deviation of returns. Doesn't consider varying position sizing. Considers perfect 'bell curve' for returns and depends heavily on standard deviation rather than factual probability size of loss."},formulaTwo:{title:ec,tooltip:"The same as Fixed Position Size Formula but this one assumes that the trader risks a fixed percentage part of their account per each trade. This way the losses tend to decrease when the trader is losing, which slows down the balance ruin. Formula: \u003Cnobr\u003Ee\u003Csup\u003E(−2 × A ÷ D) × (ln(1 − Z) ÷ ln(1 − D))\u003C\u002Fsup\u003E\u003C\u002Fnobr\u003E, where: Z is the fraction of account to lose, A is the average percentage return per trade, D is the standard deviation of returns."}},periodicData:{labels:{dayTabLabel:"Daily",weekTabLabel:"Weekly",monthTabLabel:"Monthly",yearTabLabel:"Yearly",weekDaysTabLabel:"Weekdays",dayLabel:"Day",weekLabel:"Week",monthLabel:"Month",yearLabel:ed,weekDaysLabel:"Weekday",totalLabel:y,overallLabel:"Overall"},titles:{profitTitle:"Profit, $:",netProfitTitle:"Net profit, pips:",grossProfitTitle:"Gross profit, $:",grossLossTitle:"Gross loss, $:",roiTitle:"ROI, %:",totalPositionsTitle:"Total positions:",profitablePositionsTitle:"Profitable positions:",losingPositionsTitle:"Losing positions:",longsTradesTitle:"Longs trades:",shortTradesTitle:"Short trades:",shortPositionsProfitTitle:"Short positions profit, $:",longPositionsProfitTitle:"Long positions profit, $:",positionsWithSlTitle:"Positions with SL:",averageSlOutcomeTitle:"Average SL outcome, $:",positionsWithTPTitle:"Positions with TP:",averageTPOutcomeTitle:"Average TP outcome, $:",avgProfitableTradeTitle:"AVG. Profitable trade, $:",avgLosingTradeTitle:"Avg. Losing Trade, $:",maxProfitTitle:"Max Profit, $:",maxLossTitle:"Max Loss, $:",expectedPayoffTitle:"Expected payoff, $:",rewardRiskRatioTitle:"Reward\u002Frisk ratio:",maxConsecProfitTitle:"Max Consec. Profit, $:",maxConsecProfitablePositionsByProfitTitle:"Max Consec. Profitable Positions (by Profit):",maxConsecProfitablePositionsTitle:"Max Consec. Profitable Positions:",maxConsecProfitByPositionsTitle:"Max Consec. Profit (by Positions), $:",maxConsecLossTitle:"Max Consec. Loss, $:",maxConsecLosingPositionsByLossTitle:"Max Consec. Losing Positions (by Loss):",maxConsecLosingPositionsTitle:"Max Consec. Losing Positions:",maxConsecLossByPositionsTitle:"Max Consec. Loss (by Positions), $:",absoluteDrawdownTitle:"Absolute drawdown, $:",maxDrawdownTitle:"Max Drawdown, $:",maxDrawdownPersentTitle:"Max Drawdown, %:",relativeDrawdownPersentTitle:"Relative drawdown, %:",relativeDrawdownTitle:"Relative drawdown, $:",profitFactorTitle:"Profit factor:",recoveryFactorTitle:"Recovery factor (Calmar ratio):",sharpeRatioTitle:"Sharpe ratio:",positionVolumeStdTitle:"Position volume, std lots:",avgPositionVolumeStdTitle:"Avg. position volume, std lots:",commissionTitle:"Commission, $:",swapTitle:"Swap, $:"}},chars:{options:{months:["January","February","March","April",ee,ef,eg,"August","September","October","November","December"],decimalPoint:",",thousandsSep:" ",weekdays:["Sunday","Monday","Tuesday","Wednesday","Thursday","Friday","Saturday"],shortMonths:["Jan","Feb","Mar","Apr",ee,ef,eg,"Aug","Sept","Oct","Nov","Dec"]},chart1:{title:"Balance over Time",xLabel:ch,yLabel:eh,lineFirstLabel:ei},chart2:{title:"Balance over Trades",xLabel:"Trades",yLabel:eh,lineFirstLabel:ei,lineSecondLabel:"Linear Regression"},chart3:{title:"Losses in a Row",xLabel:"Loses",yLabel:"Cases"},chart4:{title:"Winning Positions"},chart5:{title:ds},chart6:{title:"Gross Profit"},chart7:{title:"Gross Loss"},chart8:{title:"Position Volume"},chart9:{title:"Duration of Winning Positions"},chart10:{title:"Duration of Losing Positions"}},technicalStuff:"Technical Stuff",calculatedMetricsCards:[{name:cO,info:[{title:"Net profit",desc:cP},{title:cQ,desc:cR},{title:"Gross profit",desc:cS},{title:"Gross loss",desc:cT}]},{name:"Return on Investment",info:[{title:cU,desc:cV},{title:"Annualized ROI (Real)",desc:cW},{title:"Annualized ROI (Theoretical)",desc:cX}]},{name:z,info:[{title:"Total positions",desc:cY},{title:"Profitable positions",desc:cZ},{title:"Losing positions",desc:c_},{title:"Short trades",desc:c$},{title:"Shorts won",desc:dh},{title:"Shorts lost",desc:dj},{title:"Longs trades",desc:da},{title:"Longs won",desc:dl},{title:"Longs lost",desc:dm},{title:"Positions with SL",desc:db},{title:"Positions with TP",desc:dc}]},{name:dd,info:[{title:"Average profitable trade",desc:A},{title:"Average losing trade",desc:B},{title:"Expected payoff",desc:E},{title:"Largest profitable trade",desc:C},{title:"Largest losing trade",desc:D},{title:"Average SL outcome",desc:de},{title:"Average TP outcome",desc:df},{title:F,desc:G}]},{name:dn,info:[{title:"Maximum consecutive profit",desc:do0},{title:"Maximum consecutive profitable positions (by profit)",desc:dp},{title:"Maximum consecutive profitable positions",desc:_},{title:"Maximum consecutive profit (by positions)",desc:"Amount of profit earned from a longest sequence of consecutive profitable positions."},{title:"Maximum consecutive loss",desc:dq},{title:"Maximum consecutive losing positions (by loss)",desc:dr},{title:"Maximum consecutive losing positions",desc:dt},{title:"Maximum consecutive loss (by positions)",desc:du},{title:"Average consecutive wins",desc:dv},{title:"Average consecutive losses",desc:dw}]},{name:dx,info:[{title:"Absolute drawdown",desc:dy},{title:dz,desc:dA},{title:dB,desc:dC}]},{name:dD,info:[{title:dE,desc:dF},{title:dG,desc:dH},{title:dI,desc:"Measure of ratio between a received return and the experienced risk. \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FSharpe_ratio\" target=\"_blank\" rel=\"nofollow\"\u003ESharpe ratio\u003C\u002Fa\u003E is calculated as (R − R\u003Csub\u003Ef\u003C\u002Fsub\u003E) \u002F StdDev. Where \u003Cb\u003ER\u003C\u002Fb\u003E is a total account return (end balance divided by starting balance), \u003Cb\u003ER\u003Csub\u003Ef\u003C\u002Fsub\u003E\u003C\u002Fb\u003E is a risk-free return (0% in this tool), \u003Cb\u003EStdDev\u003C\u002Fb\u003E — standard deviation of the account return (calculated without \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FBessel%27s_correction\" target=\"_blank\" rel=\"nofollow\"\u003EBessel's correction\u003C\u002Fa\u003E)."},{title:dJ,desc:"Measure of ratio between received return and the experienced downside risk. Calculated as (R − R\u003Csub\u003Ef\u003C\u002Fsub\u003E) \u002F DR. Where \u003Cb\u003ER\u003C\u002Fb\u003E is a total account return (end balance divided by starting balance), \u003Cb\u003ER\u003Csub\u003Ef\u003C\u002Fsub\u003E\u003C\u002Fb\u003E is a risk-free return (0% in this report), \u003Cb\u003EDR\u003C\u002Fb\u003E — downside risk (calculated as a standard deviation of the negative trade outcomes from zero return). \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FSortino_ratio\" target=\"_blank\" rel=\"nofollow\"\u003ESortino ratio\u003C\u002Fa\u003E is a more useful version of Sharpe ratio."},{title:dK,desc:"Measure of a negative volatility. After each closed position a current balance is compared with the maximum balance so far and then divided by the max balance and multiplied by 100. Then every resulting value is squared and the arithmetic mean of squares is found; a square root of the result is \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FUlcer_index\" target=\"_blank\" rel=\"nofollow\"\u003EUlcer index\u003C\u002Fa\u003E."},{title:dL,desc:dM},{title:dN,desc:dO},{title:"Standard Deviation",desc:"\u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FStandard_deviation\" target=\"_blank\" rel=\"nofollow\"\u003EStandard deviation\u003C\u002Fa\u003E of the absolute outcomes of the positions. Calculated without Bessel's correction."},{title:"Z-score and Probability",desc:"\u003Ca href=\"\u002Fguides\u002Fz-score-optimization-in-forex-trading\u002F\"\u003EZ-score\u003C\u002Fa\u003E measures the dependence of the trade outcomes from the previous trade outcomes. A negative Z-score less or equal to -2 signals about a positive dependence, meaning that a profitable outcome will most probably be followed by another profitable outcome and a losing one will be followed by another loss. Z-score greater or equal to +2 signals about a negative dependence, meaning that a profitable outcome will most probably be followed by a losing one, and a loss will be followed by profit. Probability of Z-score is a probability of a value to drop out of the normal distribution."},{title:"Risk-Adjusted Return",desc:dP}]},{name:dQ,info:[{title:"Duration",desc:dR},{title:dV,desc:"Volume is given in standard lots for all platforms except Oanda. Oanda reports feature position volume in units."}]},{name:dW,info:[{title:"Commission",desc:dX},{title:"Swap",desc:dY}]},{name:dZ,info:[{title:"R-multiple",desc:d_}]},{name:"Risk of Ruin",info:[{title:d$,desc:ea},{title:eb,desc:"Calculation of probability to lose a part in any period of time in future. Uses a simple formula: \u003Cnobr\u003Ee\u003Csup\u003E−(2 × A × Z) ÷ D\u003Csup\u003E2\u003C\u002Fsup\u003E\u003C\u002Fsup\u003E\u003C\u002Fnobr\u003E, where: Z is the fraction of account to lose, A is the average percentage return per trade, D is the standard deviation of returns. Doesn't consider varying position sizing. Considers perfect \"bell curve\" for returns and depends heavily on standard deviation rather than on factual probability and size of loss."},{title:ec,desc:"The same as Fixed Position Size Formula but this one assumes that the trader risks a fixed percentage part of their account per each trade. This way the losses tend to decrease when the trader is losing, which slows down the balance ruin. Formula: \u003Cnobr\u003Ee\u003Csup\u003E(−2 × A ÷ D) × (ln(1 − Z) ÷ ln(1 − D))\u003C\u002Fsup\u003E\u003C\u002Fnobr\u003E, where: Z is the fraction of account to lose, A is the average percentage return per trade, D is the standard deviation of returns."}]}],messages:{soon:"Pdf creation will start soon"}},searchBrokers:{howUse:"How to use form",form:{broker:"Broker",brokerBenefits:"Broker features",platforms:cp,trading:"Trading",accounts:"Accounts",keywords:"Keywords",startPeriod:ed,compareMode:"From",upTo:"up to",serverTimeZone:"Server time zone",autoChartist:"Autochartist",worksWithCountry:"Works with country",websiteLanguages:"Website languages",supportLanguages:"Support languages",supportMethods:cr,benefits:"Features",regulatoryInstitutions:"Regulatory institutions",accountCurrencies:cq,paymentOptions:S,realPlatforms:"Real account platforms",demoPlatforms:"Demo account platforms",tradingListLabel:"Account type properties",trailingStopLabel:"Trailing stop",mobileLabel:"Mobile trading",ocoLabel:"One-cancels-other (OCO)",pendingOrdersLabel:"Pending orders",webBasedLabel:"web-based trading",apiLabel:"API for trading",oneClickLabel:"One-click trading",automatedLabel:"Automated trading",os:"OS",marginCallLevel:"Margin-call level",stopOutLevel:cz,totalCurrencyPairs:"Total number of currency pairs, at least",totalExoticPairs:"Total number of exotic pairs, at least",spread:Q,typical:"Typical",minimum:"Minimum",maxNumberOfSimultaneousPosition:cA,digitsAfterDot:cx,minPosSize:cw,swaps:"Overnight interest rates (swaps)",minLeverage:"Leverage, at least",tradingInstruments:"Trading instruments",currencyPairs:V,floatingLeverage:"Floating leverage",scalpingLabel:cy,hedgingLabel:"Hedging",executionMethod:cB,reset:R,search:H,searchingResults:"Search results",noSearchResults:"No match was found for your search"},listPlaceholders:{serverTimeZone:"any",quickSearch:"Quick search"},lists:{startPeriod:[{key:$,val:"Founded"},{key:aa,val:"Online"}],swaps:[{key:aa,val:"Doesn't matter"},{key:$,val:ej},{key:ek,val:"Yes, but Islamic accounts available"},{key:"3",val:x}],spread:[{key:"f",val:cE},{key:"v",val:cD}],digitsAfterDot:[{key:ek,val:cC},{key:aa,val:"4"},{key:$,val:"5"}],executionMethod:[{key:"MARKET",val:cF},{key:"INSTANT",val:cG}],floatingLeverage:[{key:"true",val:"With floating leverage"},{key:"false",val:"Without floating leverage"}]}},brokerReviews:{loadMoreBtnLabel:"load more",titleOne:el,titleTwo:em,titleLots:em,sectionTitle:"{name} Reviews",reviewTitles:[el,"reviews"],sectionSubtitleTitle:"of {name} are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.",submitReview:"Submit {name} review",noReviews:"There are no reviews for {name} available for now. But you can add your own review!",reviewCard:{suspiciousLabel:en,suspiciousTooltip:en,accountNumLabel:"Trading account #",accountNumVpsLabel:"Account #",detailsLabel1:eo,detailsLabelVps1:"Experience",detailsLabel2:"Demo by",detailsLabel3:"Real by",answerButtonLabel:"Reply",answersButtonLabel:"answers",openAnswersButtonLabel:"See Replies",closeAnswersButtonLabel:"Hide Replies",firstAnswerLabel:"Be first to respond",copyTooltip:"Click to copy URL for this review"},modalReview:{title:"Submit your review",desc:"To submit your review for {name} fill the form below. Your review will be checked by a moderator and published on this page.",nextStep:"Next step",step:"Step",type:{broker:ck,vps:cd},sideText:"\u003Cp\u003ETo submit your own {type} review for {name} fill the form below. 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Calculated as net profit divided by total positions number.","Reward\u002Frisk ratio","Average profitable trade divided by average losing trade. Measures how much profit you can earn takine 1-dollar risk.","Search","what-is-mql4","Position Size Calculator","Payment Systems","\u002Fforex-brokers\u002F","Big","\u002Fguides\u002F","Minimum account size","Summary","Spread","Reset","Payment options","day","days","Currency pairs","Period","Average, $","Largest, $","Expected payoff, $","Maximum number of consecutively profitable positions.","1","0","Enter your name","Enter your email",0,Array(5),Array(3),"education","学习","指南","什么是-mql4-编程语言？","qué-es-el-lenguaje-de-programación-mql4","что-такое-язык-программирования-mql4","التعليم","دليل","ما-هي-لغة-البرمجة-mql4","Forex Brokers","MT4 Forex Brokers","MT5 Forex Brokers","PayPal Brokers","Regulated Brokers","Oil Trading Brokers","Gold Trading Brokers","Muslim-Friendly Brokers","Web Browser Platform","Brokers with CFD Trading","ECN Brokers","Skrill Brokers","Neteller Brokers","Perfect Money FX Brokers","Bitcoin FX Brokers","Cryptocurrency Forex Brokers","PAMM Forex Brokers","Brokers for US Traders","Brokers with USDT","Scalping Forex Brokers","Micro Forex Brokers","With Cent Accounts","WebMoney Brokers","cTrader Forex Brokers","NinjaTrader Forex Brokers","Brokers with TradingView","UK Forex Brokers","ASIC-Regulated Forex Brokers","Swiss Forex Brokers","Canadian Forex Brokers","Spread Betting Brokers","New Forex Brokers","Search Brokers","Interviews with Brokers","Forex Broker Reviews","Forex Tools","Pivot Points Calculator","Fibonacci Calculator","Pip Value Calculator","MT4 VPS Hosting","Interest Rates Table","Gain and Loss Percentage Calculator","Forex Strategies","Report Analysis Tool","Spread Betting Size Calculator","Max Position Size by Margin Stop-Out","Prop Firms","No Evaluation Prop Firms","Prop Firms for Swing Traders","Crypto Prop Firms","Forex Books","Forex Books for Beginners","General Market Books","Trading Psychology","Money Management","Community","https:\u002F\u002Fwww.earnforex.com\u002Fforum\u002F","Forex Forum","Recommended Resources","Forex Newsletter","What Is Forex?","Forex Course","Forex for Dummies","Forex FAQ","Skrill","Neteller","Tether (USDT)","Bitcoin","Software","MT4\u002FMT5 Expert Advisors","MetaTrader Scripts","cTrader Indicators","cTrader cBots (Robots)","Custom Coding Service","About","Contact Webmaster","Forex Advertising","Risk of Loss","Terms of Service","\u002Fforex-broker-reviews\u002F","Kind Two",6,"\u002Fposition-size-calculator\u002F",7,"\u002Fforex-vps-hosting\u002F","\u002Fforex-strategy\u002F","\u002Fforex-e-books\u002F","\u002Fforex-course\u002F","\u002Fwhat-is-forex\u002F","\u002Fmetatrader-expert-advisors\u002F","Tools","Loading...","Show more","Show less","All","Subscribe","VPS","submit","Calculated Metrics","Platform","Date","Search for guides","Results","Forex Broker","Serious Regulation","Parent Broker","Prohibited countries","Allowed countries","Platforms","Account currencies","Support methods","Special notes","qualified review","Online since","Leverage","Minimum position size","Digits after dot","Scalping","Stop-out level","Maximum Number of Simultaneous Positions Allowed","Execution method","4 or 5","Variable","Fixed","Market execution","Instant execution","VPS Hosting","Basic package price","Rating","Country","MT4","Trial","Average","Gain & Loss","Actual net profit or loss. Calculated as Gross profit − Gross loss.","Net profit, pips","Net profit or loss expressed in pips. Value of a pip vary per trading instrument. It's a useful metric to consider a system without its money management part.","Total profit received during report's period. Calculated as a sum of outcomes of all profitable positions.","Total loss inflicted during report's period. Calculated as a sum of outcomes of all losing positions.","ROI","Return on investment in percents. Plain and simple: total profit divided by the starting balance (overall or for the given pair — at the moment when it has started to trade in this account) and multiplied by 100%.","Annualized return on investment in percents. The difference between the last close date and the first open date for the given pair (or for the whole account total) is used in calculation.","Annualized return on investment in percents. Only duration of active trades is considered for calculation (only the period when the margin is used). Time between trades isn't used for calculation. Sum of all times is used in calculation of Total for this ROI — like if trading on different pairs wasn't performed simultaneously. Difference between Theoretical and Real Annualized ROI for a pair means that there was time when there weren't any positions open for the pair after trading for this pair had already started in this account.","Total number of positions (closed, unless you chose to force-close open positions).","Total number of profitable positions (closed, unless you chose to force-close open positions). Positions with 0 profit are counted as profitable.","Total number of losing positions (closed, unless you chose to force-close open positions).","Total number of short (sell) trades taken during the report's period. Counted using closed positions.","Total number of long (buy) trades taken during the report's period. Counted using closed positions.","Total number of closed positions that had a stop-loss level set.","Total number of closed positions that had a take-profit level set.","Position Properties","Average profit\u002Floss from a triggered stop-loss order.","Average profit\u002Floss from a triggered take-profit order.","Won","Total number of short (sell) positions closed with profit (0 profit is also counted).","Lost","Total number of short (sell) positions closed with loss.","Total Profit, $","Total number of long (buy) positions closed with profit (0 profit is also counted).","Total number of long (buy) positions closed with loss.","Win\u002FLoss Series","Maximum amount of money earned in a consecutive sequence of closed positions.","Number of consecutively profitable positions in a consecutive sequence of closed positions with a maximum amount of profit.","Maximum amount of money lost in a consecutive sequence of closed positions.","Number of consecutively losing positions in a consecutive sequence of closed positions with a maximum amount of loss.","Losing Positions","Maximum number of consecutively losing positions.","Amount of money lost in a longest sequence of consecutive losing positions.","Average amount of profitable positions closed in a row.","Average amount of losing positions closed in a row.","Drawdown","Largest drop of the account balance below the initial balance value.","Maximum drawdown","Largest drop of the account balance below some previously reached balance level.","Relative drawdown","Largest relative (expressed in percentage points) drop of the account balance.","Indexes","Profit factor","Gross profit divided by gross loss. How many dollars you get for a dollar lost.","Recovery factor (Calmar ratio)","Calculated as net profit divided by the maximum drawdown. Measures the ability of a trading system to recover from losses.","Sharpe ratio","Sortino ratio","Ulcer index","AHPR","AHPR or Average Holding Period Return is an arithmetic mean of a relative gain per position.","GHPR","GHPR or Geometric average Holding Period Return is an geometric mean of a relative gain per position.","Risk-adjusted return or RAR shows the return for the given period divided by the standard deviation of returns. It can be used for the risk-wise comparison of strategies and robots.","Time & Volume","Duration of a trade is measured as time that passed from its opening until its closing. Time when trading isn't allowed (Saturday and Sunday) is also counted. For example, if someone opens a position 5 minutes before the Friday market close and closes it just 5 minutes after Monday market opening, the duration will be 48 hours and 10 minutes.","Winning Trades","Losing Trades","All Trades","Volume","Expenses","Commission charged for trade execution. Usually present only in ECN and Islamic accounts.","Overnight interest rate payments. Can be both positive and negative.","R-Multiple","Van K. Tharp's R-multiple for a relative calculation of other trading system metrics. Calculated as a median loss.","Exact Probability of Loss Formula","Calculation of probability to lose a part of account before gaining a part of account. Uses Markov Chains to model the probabilities. Very accurate but still relies on probabilities derived from number of successful\u002Flosing trades and average size of profit\u002Floss from the report. Doesn't consider varying position sizing. Involves very complex calculations, thus isn't always possible.","Fixed Position Size Formula","Fixed Fractional Size Formula","Year","May","June","July","Balance","Balance, $","Yes","2","review","or more reviews","Suspicious review","Forex experience","month","year","Enter your Message*","send","Mail sent successfully!","Mail sent error!"));</script><script src="/_nuxt/js/91479df90046ad8910b7.js" defer></script><script src="/_nuxt/js/0f272293d313dccaee82.js" defer></script><script src="/_nuxt/js/f7b16a3cf3c59a2277bc.js" defer></script><script src="/_nuxt/js/4928ebc3013ba061d8b7.js" defer></script><script src="/_nuxt/js/fa6264a76d35b935e967.js" defer></script><script src="/_nuxt/js/e9ddc69a537170ecfb46.js" defer></script><script src="/_nuxt/js/b26d8899f3b1c0413b14.js" defer></script><script src="/_nuxt/js/79e763a44e7bd5b70744.js" defer></script><script src="/_nuxt/js/b6c55a730e31340fa664.js" defer></script><script src="/_nuxt/js/8039db5c36ddb605b82c.js" defer></script><script src="/_nuxt/js/3c4c92715da1d829be04.js" defer></script><script src="/_nuxt/js/d87cfe906b83ed156c26.js" defer></script><script src="/_nuxt/js/50a7e105cfa5aae34e88.js" defer></script><script src="/_nuxt/js/3f79ff846468780acba6.js" defer></script><script src="/_nuxt/js/8cd0c2743f6a561df357.js" defer></script><script src="/_nuxt/js/e1ab1faf03f7b2128d5e.js" defer></script><script src="/_nuxt/js/41639c4e65aa3919dbe8.js" defer></script><script src="/_nuxt/js/60405118c7ef9c5f8179.js" defer></script><script src="/_nuxt/js/112f4bfd44d7306a93f9.js" defer></script><script src="/_nuxt/js/7fb2ce83209a8718e6a5.js" defer></script><script src="/_nuxt/js/edfe658d3826848bd3db.js" defer></script><script src="/_nuxt/js/06f9a4a7015b21cc49f1.js" defer></script><script src="/_nuxt/js/7f129214625bcb90b2b6.js" defer></script><script src="/_nuxt/js/47ce7034f419cc48c46e.js" defer></script><script src="/_nuxt/js/1097fa93af02eb0c5cbc.js" defer></script><script data-n-head="ssr" data-hid="revive" src="https://www.earnforex.com/openx/www/delivery/asyncjs.php?slug=/guides/what-is-mql4/" async data-body="true" onload="this.__vm_l=1"></script>
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