Description
Time To Break Even Indicator v2
This indicator will help you time your trade's entry into the market. The plot shows you the likely number of seconds for your trade to break even. If the market is moving fast and in your direction, then the indicator will give a small number. If the market is moving against you or slowly, the number will be larger.
The indicator calculates the number of pips that your trade requires to break even. It then compares this with the current speed at which the price is moving.
N.B. This indicator should be run on the 1 Tick Time Frame.
Parameters
Volume in Lots: The volume of your proposed trade
Trade Type: Whether your trade is to be a buy or a sell
Required Commission: The commission your trade will incur (you can get this from the Quick Trade window)
SMA Period: The period of the Simple Moving Average plot (default = 14)
Max Seconds: The maximum number of seconds that will be recorded (see below)
Lines
Main: The indicator plot line (default = green)
SMA: The Simple Moving Average plot line (default = yellow)
Max Seconds
Allowing the indicator to display very large values means that the scale of the indicator will prevent you from seeing the detail when the time to break even is small. Setting this parameter enables you to set the maximum scale of the indicator. By default it is set to 120 (2 minutes). So any output of 2 minutes or more will be plot as 120 seconds.
Dr Andy Larkin
Copyright 2025, All Rights Reserved
26th May 2025
Legal
Results from the this indicator should be checked for accuracy before using in live trading.
No warranty is given or implied for the results of this indicator.
No liability is accepted for any losses incurred as a result of using this indicator.
Summary
This indicator is intended for use on the 1 Tick Time Frame. Key configurable parameters include trade volume (in lots), trade type (buy or sell), required commission, the period for the Simple Moving Average (SMA) plot (default 14), and a maximum seconds limit to control the indicator’s scale (default 120 seconds). The indicator displays two lines: the main plot line (default green) and the SMA plot line (default yellow).
By limiting the maximum seconds displayed, the indicator maintains detail visibility when break-even times are short. Users should verify the indicator’s results for accuracy before live trading. No warranty or liability is provided for trading outcomes based on this indicator.
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