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Forex Factory Calendar

The Forex Factory Calendar Indicator (FFCal) is a popular and free indicator for MT4 that displays upcoming economic events on your chart. The indicator displays the event name, time and impact level on the chart, allowing traders to plan their trades accordingly. This is an invaluable tool for forex traders who want to keep track of important news releases that can affect market volatility. With the FFCal indicator, you can stay on top of important market events and make informed trading decisions, making it suitable for both beginners and experienced traders.

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Description

The Forex Factory Calendar Indicator (FFCal) emerges as a valuable and free resource that provides traders with real-time updates on upcoming news events, empowering them to navigate the markets with greater confidence.

Features of the Forex Factory Calendar Indicator

The Forex Factory Calendar Indicator is designed for the MetaTrader 4 (MT4) trading platform and offers a user-friendly interface that displays the date, time, and impact level of upcoming news events.

The indicator uses a color-coded system to help traders quickly assess the significance of each event: red signifies high impact, orange indicates medium impact, and yellow represents low impact. This comprehensive information allows traders to anticipate potential market volatility and adjust their trading strategies accordingly.

How the Forex Factory Calendar Indicator Can Benefit You

Incorporating the Forex Factory Calendar Indicator into your Forex trading arsenal can offer numerous advantages. This powerful tool provides you with real-time updates on upcoming economic events, enabling you to make more informed buy, sell, and hold decisions.

Whether you’re a day trader, a swing trader, or a long-term investor, the FFCal Indicator can assist you in identifying potential price movements, managing your risk, and potentially improving your overall trading performance and profitability.

Indicator Settings

Report for active chart only: Only displays news related to the current chart you have open, and not news for other markets.

Include high: Includes high-impact or significant forex news events in the display.

Include medium: Includes medium-impact news events from the Forex Factory calendar.

Include low: Includes low-impact news events in the economic calendar display.

Include speaks: Displays scheduled speeches or statements from influential figures like central bank leaders, government officials, and other important financial institution representatives.

Include holidays: Shows market holidays in the calendar.

Find keyword: Filters the news display to only show events containing a specific keyword you enter.

Ignore keyword: Excludes any news events containing a keyword you specify.

Allow updates: Enables automatic updates to the news and calendar data from the Forex Factory source.

Conclusion

The Forex Factory Calendar Indicator is a valuable addition to any Forex trader’s toolkit. Its user-friendly design, real-time data, and free availability make it an indispensable resource for traders of all skill levels. Download the FFCal Indicator and unlock the power of economic event analysis to elevate your Forex trading journey.

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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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