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Legacy Trader

Legacy Trader Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) that provides useful information about the market. It provides visual signals when the market conditions are favorable for entering or exiting a trade. The indicator also shows when the momentum of the market is changing and helps traders identify potential trading opportunities. Overall, Legacy Trader Indicator is a popular and free forex indicator for MT4 that provides traders with useful information to help them make better trading decisions.

Trading Style

Beginner

Indicator Type

Entry Exit

Timeframe

Multi Timeframe

Platform

MT4

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  • How to Install
Description

Legacy Trader Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders make better decisions when trading in the Forex markets. The Legacy Trader Indicator is a technical analysis tool that uses price action and other indicators to identify potential entry and exit points. The indicator also includes features such as trend lines and support and resistance levels. The indicator is easy to use and helps traders identify potential trading opportunities. It can be used to identify trending markets, support and resistance levels, and potential entry and exit points. It also provides traders with the ability to quickly identify potential trading opportunities and make informed decisions. The Legacy Trader Indicator is a great tool for any trader, whether they are new to trading or experienced. It is easy to use and provides traders with the information they need to make informed decisions. With the Legacy Trader Indicator, traders can easily identify potential trading opportunities and make informed decisions. The indicator also includes features such as trend lines and support and resistance levels.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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.

 

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