The Pipsometer 5 Decimal Indicator for MT4 is a custom trading tool designed to display the pips covered in a running trade position in real-time. Unlike other indicators, it doesn’t calculate the expected pip movement for a trade but rather tracks the pips achieved in an active trade, making it an essential companion for forex traders.
This indicator is easy to use and suitable for novice, intermediate, and advanced traders. It works for scalpers, intraday traders, and swing traders, providing a clear visual of how far the price has moved in pips during a trade.
Once installed on your MT4 chart, the Pipsometer 5 Decimal Indicator will display real-time pip movements of your open trades. For example, on a EUR/USD chart, it can show that a trade is currently down 3 pips.
The main advantage of this indicator is monitoring ongoing trades without needing to calculate the pip difference manually. This visual representation of pips allows traders to manage positions efficiently and make informed exit or adjustment decisions.
Real-Time Pip Display: Tracks the number of pips gained or lost during active trades.
Supports All Trading Styles: Useful for scalping, intraday, and swing trading.
Easy to Use: Simple installation with a clean chart display.
Free to Download: No cost for installation or usage.
The Pipsometer 5 Decimal Indicator for MT4 may appear simple, but it’s an invaluable tool for forex traders. It enables quick and precise monitoring of open trade positions in pips, helping traders manage trades more effectively.
Published:
Nov 04, 2025 03:52 AM
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