The Show Pips MT5 Indicator is a powerful and convenient trading tool that gives forex traders instant access to essential trade statistics directly on the chart. Instead of calculating or checking values manually, traders can monitor performance, risk, and market conditions in real time.
Designed for both beginners and experienced traders, this indicator displays key information clearly without interrupting chart visibility.
What the Show Pips MT5 Indicator Displays
This indicator provides multiple real-time metrics about your open trades, including:
- Profit or loss in pips
- Profit or loss in US dollar value
- Profit or loss in percentage
- Current spread of the trading symbol
- Time remaining until the current candle closes
All of this information appears neatly on the chart, typically in the top-right corner, giving traders a complete overview of their position at a glance.
Why These Statistics Matter
Better trade monitoring
Seeing profit or loss in pips and dollars helps traders evaluate trade performance instantly without opening additional panels.
Improved risk management
Percentage-based results help traders stay within acceptable risk levels and manage account exposure more effectively.
Spread awareness
Live spread display is especially useful during news releases or volatile market conditions, particularly when using variable spread accounts.
Timing precision
The candle countdown timer helps traders plan entries and exits more accurately, especially when trading Price Action or scalping.
Flexibility and Ease of Use
The Show Pips MT5 Indicator is:
✔ Easy to install
✔ Lightweight and non-intrusive
✔ Fully customizable
✔ Free to download
✔ Suitable for all trading styles
It supports better decision-making by keeping critical data visible at all times.
Indicator Limitation
The main limitation is that the indicator does not show individual pip profit or loss separately for each position if multiple trades are open on the same currency pair. Instead, it displays combined information.
For most traders, however, this does not significantly affect usability.
Recommended Display Settings
For optimal clarity, many traders adjust the default settings to create a clean and non-intrusive layout. With proper customization, the indicator can clearly display:
- Profit or loss in pips
- Dollar value
- Percentage change
- Spread value
- Time remaining for candle close
Positioning these details in the top-right corner ensures easy viewing without cluttering the chart.
Final Thoughts
The Show Pips MT5 Indicator is an essential utility tool for forex traders who want instant visibility of trade performance and market conditions. By displaying real-time statistics directly on the chart, it improves trade monitoring, risk control, and decision-making efficiency.
Simple, flexible, and highly practical, it’s a valuable addition to any trading setup.
