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Calculating the profit or loss on Metatrader 4 (MT4) is relatively straightforward, and the platform provides you with real-time profit/loss information for your open and closed trades. Here's how to calculate it:
For Open Trades:
1-Open MT4 Platform: Launch the MT4 platform and log in to your trading account.
2-View Open Trades: Locate the "Terminal" window at the bottom of the MT4 platform. Click on the "Trade" tab to view your open trades.
3-Identify the Trade: Find the trade you want to calculate the profit or loss for in the list of open trades.
4-Look at the "Profit" Column: In the "Trade" tab, there is a column labeled "Profit." This column displays the real-time profit or loss for each open trade.
- If the number in the "Profit" column is positive, it represents a profit.
- If the number is negative, it represents a loss.
5-Check the Account Currency: Ensure that you are aware of the account currency, as it affects how profits and losses are displayed. Profits and losses are typically shown in the account's base currency.