The Profit Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) platform. It is designed to help traders identify profitable trading opportunities in the Forex market. The indicator is based on a complex algorithm that takes into account various market factors such as price action, momentum, and volume. It then displays the probability of a profitable trade in the form of a percentage. The Profit Indicator is easy to use and understand, making it a great tool for both beginner and experienced traders. The Profit Indicator is a great tool for any trader looking to maximize their profits and minimize their losses. It is especially useful for those who are new to trading or who don’t have the time to analyze the market manually. With the Profit Indicator, you can quickly identify profitable trading opportunities and make the most of your trading capital.
The Profit Indicator is a powerful and useful tool for Forex traders. It is one of the most popular and free indicators available for the MT4 platform and can be used to maximize profits and minimize losses. The Profit Indicator provides traders with an easy to read graphical representation of their current trading position. It shows the current open trades, the current profit/loss of the position, and the current balance of the account. With its easy to use interface and powerful features, the Profit Indicator is a great tool for any Forex trader.
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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.