The A Stops indicator is a useful and popular free Forex indicator for the MT4 platform. It is designed to help traders identify where to set stop losses and take profits in order to maximize their profits and minimize their risks. The indicator works by plotting two lines on the chart, the stop loss line and the take profit line. The stop loss line shows the price level at which you should close your position to minimize losses, while the take profit line shows the price level at which you should close your position to maximize profits. By using this indicator, traders can easily identify the optimal levels to close their positions and take profits or minimize losses. The indicator is easy to use and can be a great tool for any trader looking to maximize their profits and minimize their risks.
MT4
A Stops Indicator
The A Stops indicator is a useful and popular free Forex indicator for the MT4 platform. The indicator works by plotting two lines on the chart, the stop loss line and the take profit line. The stop loss line shows the price level at which you should close your position to minimize losses, while the take profit line shows the price level at which you should close your position to maximize profits. The indicator is easy to use and can be a great tool for any trader looking to maximize their profits and minimize their risks.
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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.
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