What is the difference between balance and equity in MT4? How are they calculated?
Balance represents the total amount of funds you have deposited into your account, plus or minus any realised Profit and Loss from your trades, and also other potential fees. Balance = Deposit amount + Realised PNL + Dividends + Rollover Fee + Stock Shares
Equity represents the real-time amount of your account, including your account balance and the unrealised Profit and Loss from open trades you currently have. Equity = Balance + Unrealised PNL (including Swap and Commission) + Credit