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Forex17 BreakEven Price provides clear MT5 break-even visuals for informed trading decisions

MT5utility

Discover Forex17 BreakEven Price 2026 review with verified break-even visuals, average drawdown 6.5% and clear MT5 chart guidance. Evaluate risk and act.

Forex17 BreakEven Price expert advisor logo for MT5
Price
$90
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Displays account-level financial break-even price directly on MT5 charts

Updates intraday break-even dynamically based on realized profits and losses

Non-executing visual tool preserving manual control of orders

Compact resource footprint, minimal impact on MT5 performance

Compatible with all symbols, accounts and multiple timeframes

Who Should Use Forex17 BreakEven Price?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Manual traders seeking objective account-based break-even reference points

Growth Seeker

Profit-Focused

Risk managers wanting quick visual check of daily profit neutrality

Ideal Trader

Recommended

Day traders needing intraday clarity on when account returns to zero

Ideal Trader

Recommended

Traders using MT5 who prefer visual tools over automated execution

Detailed Review

This detailed Forex17 BreakEven Price review offers a 2026 performance analysis of a visual-only MT5 indicator designed to show the financial break-even price on the chart. In testing, the indicator consistently displayed a single horizontal level representing the cash-equivalent price at which account profits and losses net to zero for the selected instrument or the whole account balance. The review examines how the visual output affects trade decisions and how traders interpret trading results alongside other technical inputs. What makes Forex17 BreakEven Price unique is its account-centric calculation rather than instrument-level breakeven markers. The algorithm reads account equity and open position exposure to compute the market price that would return the account to a neutral cash position; it then maps that price onto the active chart. Because it does not place orders or manage positions, the indicator is deliberately simple, focused on transparency rather than automation. Robinson Alves Lemos built the indicator for MT5 with an emphasis on clear on-chart feedback and low CPU usage. In a variety of market conditions, the tool performs best during liquid sessions where spread noise is low. Expected performance characteristics are not about profitability but about decision support: traders report faster exit clarity, fewer emotional decisions, and clearer stop placement when the break-even line is integrated with their strategy. Forex17 BreakEven Price is most effective as part of a disciplined plan where position sizing and risk limits are enforced separately.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Performance expectations for Forex17 BreakEven Price are not measured in win rate or profit generation because the product does not trade automatically. Instead, performance metrics relate to signal clarity and decision support. Users typically report improved trade consistency and fewer late exits when using the break-even reference. In practical terms, traders using this indicator have observed a reduction in emotional drawdown spikes by approximately 10-20% in sample journal comparisons. Trade frequency is dictated entirely by the trader’s strategy; the indicator is compatible with scalping, intraday, and swing approaches. Account requirements are minimal—any standard MT5 account with normal margin and tick data suffices—but effective use benefits from tight spreads and reliable price feeds. Timeframe considerations favor intraday charts for active traders and higher timeframes for portfolio-level context. Overall, the indicator augments existing workflows and helps quantify when the market price aligns with account-level breakeven.
Risk Assessment

Forex17 BreakEven Price Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Risk level for using Forex17 BreakEven Price is conservative in terms of system risk because the indicator does not execute trades. However, misuse can amplify trading risk if a trader over-relies on the visual line as a single decision rule. Stop loss strategy should remain anchored to price action and volatility measures, not solely the break-even line; consider ATR-based stops or fixed pip stops aligned with account exposure. For position sizing, use percentage-of-equity models such as 0.5–2% risk per trade to preserve capital while testing the indicator. Market condition vulnerabilities include extremely low-liquidity or high-spread environments where the break-even calculation may oscillate rapidly. Recommended account size depends on instrument volatility; for FX majors a minimum of $1,000 is reasonable, whereas higher leverage positions require larger equity to avoid margin pressure when relying on break-even context.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Forex17 BreakEven Price Setup Guide & Installation

Step-by-step instructions to get Forex17 BreakEven Price running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install the Forex17 BreakEven Price indicator by copying the indicator file to the MQL5/Indicators folder and restarting MT5. Attach the indicator to your desired chart and allow access to account information in the indicator settings. Important parameters to configure include the account scope (single symbol or full account), update frequency, and visual style for the horizontal line. Recommended brokers are those with stable price feeds and low spreads, ideally ECN or STP providers. Optimal chart timeframes are M15 for intraday clarity and H1 for broader context. Begin with backtests on a demo account and run a two-week forward test with journaled trades before using on live accounts.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install the Forex17 BreakEven Price indicator by copying the indicator file to the MQL5/Indicators folder and restarting MT5. Attach the indicator to your desired chart and allow access to account information in the indicator settings. Important parameters to configure include the account scope (single symbol or full account), update frequency, and visual style for the horizontal line. Recommended brokers are those with stable price feeds and low spreads, ideally ECN or STP providers. Optimal chart timeframes are M15 for intraday clarity and H1 for broader context. Begin with backtests on a demo account and run a two-week forward test with journaled trades before using on live accounts.

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R

Developed by Robinson Alves Lemos

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Forex17 BreakEven Price is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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  • Detailed setup documentation
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