Equity Monitor Indicator
Real-time equity/drawdown/profit-factor monitor · Free · MT4
About Equity Monitor Indicator
The Equity Monitor indicator, documented at indicatorspot.com and pipbear.com, is a free MetaTrader 4 tool offering real-time tracking of account equity, balance, drawdown, and profit — giving traders a clear, at-a-glance overview of overall account performance.
It displays Total Net Profit (with percentages), Max Drawdown (with percentages), Recovery Factor, and Profit Factor on a supplementary chart panel. It also supports configurable push-notification alerts for minimum/maximum equity thresholds, and can show balance, margin, and free margin directly on the main chart.
- Platform: MetaTrader 4
- Type: Real-time account performance/equity monitor
- Metrics shown: Net profit %, max drawdown %, Recovery Factor, Profit Factor
- Alerts: Configurable min/max equity threshold push notifications
- Price: Free
- Source: indicatorspot.com · Equity Monitor Indicator for MT4
Key Features
✓ Free and provides genuinely useful risk-management metrics (Recovery Factor, Profit Factor) beyond basic balance display
✓ Configurable push alerts help enforce personal risk limits without constant manual monitoring
⚠ A monitoring tool only — it reports account state but does not manage trades or risk automatically