The Taotra Indicator is a powerful and useful free forex indicator for the MetaTrader 4 (MT4) platform. It is one of the most popular indicators available, and its main purpose is to help traders identify trend reversals and trade breakouts. The Taotra Indicator uses a combination of moving averages, Bollinger Bands, and other technical indicators to generate buy and sell signals. It also includes a range of other features, such as an alert system to notify traders when a signal is generated and a trend line indicator to help traders identify potential breakouts. The Taotra Indicator is easy to use and requires minimal setup. All that is required is to add the indicator to a chart and adjust the settings to suit the trader’s needs. The indicator is available in both a free and paid version, with the paid version offering additional features such as advanced alerts and customised settings. Overall, the Taotra Indicator is an incredibly useful and popular free forex indicator for the MT4 platform. With the range of features included, the Taotra Indicator is a great tool for any trader looking to improve their trading performance.
The Taotra Indicator is a powerful and useful Forex indicator for the MT4 trading platform. The indicator is based on a complex algorithm that uses multiple indicators and oscillators to provide traders with accurate and timely signals. The indicator can be used to identify trends in the forex market, as well as to identify entry and exit points. It also provides traders with an insight into the market sentiment and can be used to identify potential trading opportunities. With the Taotra Indicator, traders can easily identify market trends and make more informed trading decisions.
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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.