Stop-Out Line Indicator for MetaTrader/cTrader

Stop-Out Line is a Forex indicator that calculates the stop-out price based on all open positions in the current symbol and displays it on your chart as a horizontal line. The indicator is available for MT4, MT5, and cTrader.

You can press Shift+S on your keyboard to hide or show the stop-out line. The indicator supports some input parameters for its customization.

You can choose its refresh frequency and also the line's style and color. It is also possible to turn off the price label's display, leaving only the stop-out line on the chart.

Why use Stop-Out Line indicator?

It is useful to know the price where your existing position will cause the broker to forcefully close all your trades. Some examples of the situations where you might need to see the current stop-out price are the presented below:

• Opening high-risk trades.
• Managing a large portfolio of positions on the same symbol.
• Assessing how deposits and withdrawals affect your account's ability to withstand price movements.
• Preparing martingale setups.

This indicator will calculate the average price of all your positions, it will determine what your net position is, it will calculate how many points the price has to move to reach the stop-out for all your trades, and it will display that price as a line directly in the main chart window.

You can then use this information to assess the danger of holding your current positions or adding more volume to them.

Example

The example USD/CAD chart below shows the Stop-Out Line indicator running in MetaTrader 4 with two long trades (1 lot each) and one short trade (0.25 lot). The indicator calculated the stop-out price at 1.3565 based on the available equity, used margin, and the broker's stop-out level. When the USD/CAD rate reaches the calculated price, all else being equal, the broker will initiate the automatic closure of positions, the process known as stop-out.

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