The SOF Signal Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders who are looking to identify high probability entry and exit points in the Forex market. The indicator uses a combination of moving averages, price action and volatility to generate signals. The indicator is designed to help traders identify whether the market is trending or ranging, and whether the trend is bullish or bearish. The indicator displays a blue arrow when a bullish trend is detected, and a red arrow when a bearish trend is detected. The indicator also provides an alert when a new signal is generated. This alert can be configured to appear as a pop-up window, an email, or a push notification. The indicator can also be used to set take profit and stop loss levels. The indicator is free to download and use, and is a popular choice for Forex traders.
MT4
SOF Signal
The Sof Signal Indicator is a useful and popular free Forex indicator for the MT4 platform. The indicator works by analyzing the price action of the currency pairs and then providing clear signals when a potential trade entry or exit point is identified. It is easy to use and can help traders identify and capitalize on profitable trading opportunities.
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Category: Signal
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Description
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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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