Description
Break-even indicator, shows the break-even price on the chart.
It can also show the break-even price of only Buy or Sell positions.
The break-even price includes:
- Commissions
- Spread
- Swap
Also take a look at my copy trading service on cTrader, click here.
using System;
using System.Linq;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;
namespace cAlgo
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class BreakEvenLine : Indicator
{
[Output("Main")]
public IndicatorDataSeries Result { get; set; }
protected override void Initialize()
{
//DisplayStatusOnChart();
}
public override void Calculate(int index)
{
// Calculate value at specified index
// Result[index] = ...
DisplayStatusOnChart();
}
private void DisplayStatusOnChart()
{
if (CalculateAveragePositionPrice() > 0)
{
Chart.DrawHorizontalLine("be", CalculateAveragePositionPrice(), Color.Gold, 2, LineStyle.LinesDots);
}
else
{
Chart.RemoveObject("be");
}
}
private double CalculateAveragePositionPrice()
{
double result = 0;
double lots = 0;
double equity = 0;
double point = 0;
double cop = 0;
double val = 0;
double comm = 0;
foreach (var position in Positions)
{
if (position.SymbolName == SymbolName)
{
equity += position.NetProfit;
if (position.TradeType == TradeType.Buy)
{
lots += position.VolumeInUnits;
}
else if (position.TradeType == TradeType.Sell)
{
lots -= position.VolumeInUnits;
}
}
}
if (lots != 0)
{
point = Symbol.TickSize;
cop = lots * Symbol.TickValue;
val = Symbol.Bid - (point * equity / cop);
result = Math.Round(val, Symbol.Digits);
}
return result;
}
}
}
DeepMethod
Joined on 31.10.2020
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: BreakEven Line.algo
- Rating: 3.75
- Installs: 2627
- Modified: 13/10/2021 09:54
Note that publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section, please use the Copyright Infringement Notification form to submit a claim.
Comments
Log in to add a comment.
Hi, I tried to install your indicator but I get an error from cTrader:
Error CS0219: The variable 'comm' is assigned but its value is never used (line:54, column:20)