The Follow Trend Indicator for MT5 is a useful tool for forex traders looking to identify and follow market trends. This popular indicator is available for free and can help traders make better informed decisions when trading in the forex market. The Follow Trend Indicator works by analyzing price movements and identifying potential trends in the market. Traders can use this information to determine the direction of the market and make more accurate predictions about future price movements. By following trends, traders can increase their chances of making profitable trades and minimizing losses. To use the Follow Trend Indicator, simply add it to your MT5 platform and apply it to your desired forex chart. The indicator will then display potential trends in the market, allowing you to adjust your trading strategy accordingly. With its user-friendly interface and accurate trend analysis, the Follow Trend Indicator is a valuable tool for forex traders of all experience levels.
MT5
Follow Trend
The Follow Trend Indicator for MT5 is a popular and useful tool for forex traders. This free indicator helps traders identify trends in the market, making it easier to make informed trading decisions. By analyzing price movements, this indicator can signal potential entry and exit points. Traders can use this indicator to enhance their trading strategies and improve their overall performance.
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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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