The pip counter indicator is a popular MT4 forex tool designed to calculate and display the number of pips gained or lost in a trade in real time. This is a free and easy to use indicator that displays the current pips for each open trade, as well as the total pips for all open trades. The pip counter indicator can be used by traders of all levels, from beginners to experienced professionals, which is especially useful for traders who want to keep a close eye on their trades and track their profits and losses in real time. All in all, the pip counter indicator is a valuable tool for any forex trader who wants to track their trades in real time. Its simple and user-friendly design makes it easy to use, and accurate pips calculations can help traders make more informed trading decisions.
The pip counter indicator is a popular and free forex indicator designed for the MT4 trading platform. It displays the current pip value of the currency pair you are trading in real time. This can be a useful tool for traders to quickly assess their profits and losses on a trade. Whether you are a beginner or an experienced trader, the pip counter indicator can help you improve your skills and make successful trades.
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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.