Show Pips MT4 Indicator

The Show Pips MT4 Indicator is a versatile tool for forex traders that provides instant access to key trade statistics. It displays profit or loss in pips, percentage, and US dollar value, along with the current spread and time left for the candle close. This combination makes money management and risk monitoring faster and more efficient.

For traders who enjoy utility tools, the Show Pips Indicator works well alongside the Pipsometer 5 Decimal Indicator and Show Spread Indicator, offering even more precision and trade transparency.

Features of Show Pips MT4 Indicator

Profit and Loss Tracking: Displays P/L in pips, USD, and percentage for quick money management.

Spread Display: Real-time spread updates help traders during volatile news sessions.

Candle Timer: Shows the remaining time for the current candle to close.

Quick Installation: Easy to set up and non-intrusive on charts.

Free to Download: No cost for installation and usage.

How Show Pips MT4 Indicator Works

Once installed, the Show Pips Indicator appears in the top-right corner of your chart. For example, on a EUR/USD H1 chart, a sell position will display:

Loss/Profit in pips

Profit/Loss in US dollars

Profit/Loss in percentage

Spread of the currency pair

Time left for the current candle

These metrics allow traders to manage risk efficiently without manual calculations.

Best Settings for Clarity

To ensure a non-intrusive display, you can adjust the default values of the indicator. Ideal settings show pips, dollar value, percentage, spread, and candle timer in a compact box at the top-right corner of the chart. This setup provides all essential information at a glance without obstructing price action.

Pros and Cons of Show Pips MT4 Indicator

✅ Pros:

Displays multiple trade statistics (pips, USD, %, spread, candle time)

Helps make faster risk and money management decisions

Quick installation and easy-to-read interface

Suitable for both new and experienced traders

❌ Cons:

Does not separate P/L in pips for each individual open position

Can clutter the chart if combined with too many indicators

Manual adjustment may be required for preferred display styles

Conclusion

The Show Pips MT4 Indicator is a must-have tool for forex traders seeking real-time trade statistics. By displaying profit/loss in pips, dollars, and percentages, along with spread and candle time, it helps traders maintain discipline and manage risk effectively.

It’s free to download and works for all MT4 brokers. For traders looking to enhance trading efficiency, pairing Show Pips with other indicators like Pipsometer or Show Spread can optimize decision-making.