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Pip Counter Indicator Mt5

yieldyoda

Has anyone here tried using a pip counter indicator in MT5? I just found one while searching for ways to track my pip gains and losses in real-time, and it’s actually pretty cool! It sits on the chart and shows exactly how many pips I’m up or down per trade.

Is there a particular pip counter indicator you all recommend for MT5? Also, does it work well for scalping or is it laggy? Would love to hear how others use these and any tips for getting the most out of them!

ValueViking

I’ve tried a few pip counter indicators for MT5, and honestly, the “PipCounter” and “PipValue” ones from the MQL5 marketplace work pretty smoothly—no lag on fast moves, even when scalping. One thing I found really helpful: set an alert for a certain pip threshold, so you don’t have to stare at the chart nonstop. Also, check the settings to make sure it measures from your exact entry (not just open-to-close of the bar). Great tool for keeping emotions in check when trades move fast! Anyone else notice their trading discipline improve with these?

CapitalChampion

Another advantage I’ve noticed with pip counters is the immediate feedback for trade management-especially with partial closes or trailing stops. Just verify that your indicator updates accurately with these actions. Some custom pip counters can lag behind or not reset properly after scaling out, so a quick test in demo before relying on it live is a good call.