The Chande Kroll Stop Indicator for MT5 is a popular and free Forex indicator that is useful for traders of all levels. It is designed to help traders identify profitable entry and exit points in the market. The indicator is based on the Kroll Stop strategy, which is a trend-following system. The indicator works by plotting two lines on the chart, one above and one below the current price. The lines represent the stop-loss and take-profit levels, respectively. When the price crosses the stop-loss line, it is a signal to exit the position. Conversely, when the price crosses the take-profit line, it is a signal to enter a new position. The indicator also provides visual alerts when the lines are crossed, making it easier to identify profitable trading opportunities. The Chande Kroll Stop Indicator for MT5 is a great tool for traders who want to maximize their profits while minimizing their risk.
MT5
Chande Kroll Stop
The Chande Kroll Stop Indicator for MT5 is a popular and free forex indicator that is useful for traders looking to maximize their profits in the forex market. This indicator works by providing traders with a visual representation of the price action of a currency pair and helps them identify potential entry and exit points. This indicator is easy to use and provides traders with a quick way to identify potential trading opportunities.
Trading Style | |
---|---|
Indicator Type | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Envelope Indicators
Downloads - 26
Description
Reviews (0)
Be the first to review “Chande Kroll Stop” Cancel reply
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.
Related products
TMA+CG Indicator
The TMACG Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by analyzing price action and momentum, and then displaying potential buy and sell signals on the chart. The TMACG Indicator is a great tool for traders looking to take advantage of the Forex market's potential for profit.
Bollinger Bands Bicolor
The Bollinger Bands Bicolor Indicator is a popular and free Forex indicator for the MT4 platform. This useful indicator is used to identify potential reversals and breakouts in the Forex market. It works by plotting two different Bollinger Bands, one in a red color and one in a blue color, on the same chart. The red band indicates a potential bearish reversal, while the blue band indicates a potential bullish reversal. By using the Bollinger Bands Bicolor Indicator, traders can easily identify potential entry and exit points in the Forex market.
MA Rainbow
The MA Rainbow Forex Indicator is a free and popular MT4 indicator that is useful for Forex traders. It works by combining multiple Moving Averages (MA) with different time periods and colors to detect the trend. It can be used to identify reversals and support/resistance levels. The indicator is easy to use and can be used on any currency pair. It is also available for free, making it one of the most popular and widely used indicators among Forex traders.
Zigzag Ws Channel Rv 2
The Zigzag WS Channel RV 2 Indicator is a popular and free Forex indicator for MT4. It is a useful tool for traders as it helps them identify changes in momentum and direction. The indicator is based on the Zigzag indicator and the Williams Percent Range indicator, and it is designed to measure the strength of a trend and to detect reversals. The indicator works by plotting the Zigzag lines on the chart and then adding the Williams Percent Range indicator, which helps to identify potential reversals. It is a great tool for both novice and experienced traders as it provides accurate signals and helps to identify potential reversals.
Reviews
There are no reviews yet.