The Stop Auto Indicator is a powerful and popular Forex indicator for MT4. It is a free indicator that is useful to traders of all levels of experience. The indicator helps to identify the best entry and exit points for a trade. It uses a combination of price action, momentum, and trend to identify the best entry and exit points. The Stop Auto Indicator uses a combination of several indicators to identify the best entry and exit points. It uses a combination of the Moving Average, Relative Strength Index, and Average Directional Index to identify the best entry and exit points. The indicator also uses a combination of price action and trend to identify the best entry and exit points. It is easy to use and is compatible with most charting software. The indicator is free and is popular amongst Forex traders.
Stop Auto Indicator is a popular and free Forex indicator for MT4. This indicator is based on the ATR (Average True Range) indicator and works on all time frames. The indicator can be used to set stop loss and take profit levels for any currency pair, and can be used for both long and short positions. Stop Auto Indicator is a great tool for any Forex trader, and is available for free on the MT4 platform.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.