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Trading Sessions

The Trading Sessions indicator for MT4 displays the four major trading sessions in the financial market. Is easy to use and helps traders to keep track of the different trading session times.

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Description

The Trading Sessions indicator is an MT4 tool that displays different trading sessions in the financial market. It shows the London, New York, Sydney, and Tokyo trading sessions.

The indicator is an information tool developed to help forex traders identify different market sessions without hassle. It is also a handy tool that would assist scalpers and day traders to make informed trading decisions based on the market movement in a trading session.

Features of the Indicator

The indicator shows the beginning and end of the four major trading sessions (London, New York, Sydney, and Tokyo) in a box. It also displays the names of each session on the chart. Finally, the indicator’s parameters support customization to a user’s preference.

Benefits of Sung the Trading Sessions Indicator

  1. Automatically Identifies Major Trading Sessions: The indicator makes it easy to identify any trading session. It makes it an invaluable tool to identify trading opportunities in different market sessions. For example, a trader can find a trading opportunity during the London, New York, and Asian breakouts.
  2. Beginner-Friendly: The indicator is suited for beginner forex traders to identify any trading session of interest without hassle.
  3. Back-Testing a Strategy: The indicator can also be a handy tool in back-testing a trading strategy peculiar to a trading session.

Indicator Description Settings

The indicator comes with the following customizable settings:

Tokyo: Enables/Disables the Tokyo trading session.

Tokyo Time: Sets the time for the Tokyo trading session.

London: Enables/Disables the London trading session.

London Time: Sets the time for the London trading session.

New York: Enables/Disables the New Yoke trading session.

New York Time: Sets the time for the New York trading session.

Sydney: Enables/Disables the Sydney trading session.

Sydney Time: Set the time for the Sydney trading session.

Short Name Length: Determines the abbreviation length to display.

Server Time Offset: Enables/Disables the indicator to automatically use the server time.

Fill Sessions background: Enables/Disables fill session background color.

Past Sessions to Show: Determines the number of past trading sessions to display.

Future Sessions to Show: Determines the number of future trading sessions to display.

Show Till time frame: Determines the time frame limit to display the trading sessions.

Color scheme: Enables/Disables the indicator to automatically assign a color to the sessions.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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