Fractal Alert is a popular and useful forex indicator for MT4 that helps traders identify potential market reversals. This indicator works by plotting fractal levels on the chart, which are key levels where the price tends to change direction. When a fractal alert is triggered, it signals a high probability of a trend reversal, allowing traders to enter or exit positions at optimal times. This indicator is free to download and use, making it accessible to all traders looking to improve their trading strategies. To use Fractal Alert, simply download the indicator onto your MT4 platform and apply it to your charts. Keep an eye out for fractal alert signals and use them to make informed trading decisions.
MT4
Fractal Alert
Fractal Alert is a popular and free forex indicator for MT4 that is highly useful for identifying potential market reversals. The indicator works by detecting fractal patterns on price charts and alerting traders when a potential reversal may be imminent. Traders can use this information to make informed trading decisions and increase their chances of success in the forex market.
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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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