The Virtual Trade Monitor indicator is a powerful and useful Forex indicator for the MT4 platform. It is one of the most popular and free indicators available for traders. This indicator helps traders to identify the best entry and exit points for their trades. It also provides traders with the ability to monitor their open trades and to manage their risk. The indicator works by tracking the price movements of a currency pair and displaying the current trend direction on the chart. It also shows the current price, the open and close prices, and the stop loss and take profit levels. The indicator also shows the current volatility and the current market sentiment. With this information, traders can easily identify the best entry and exit points for their trades. The Virtual Trade Monitor indicator is a powerful and useful tool for Forex traders. It provides traders with the ability to easily identify the best entry and exit points for their trades and to manage their risk. It also allows traders to customize the settings to suit their trading style and to set custom alerts and notifications. With this indicator, traders can easily maximize their profits and minimize their losses.
Virtual Trade Monitor
The Virtual Trade Monitor Indicator is a useful and popular free Forex indicator for MT4 trading platforms. It displays the current trade price, the amount of open trades, and the total amount of profit or loss. The indicator also shows the current market trend, which can help traders make informed decisions. The indicator is easy to use and can be added to any chart or timefram
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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.