First, you need to know the architecture of your CPU so that you can install and learn how to use MetaTrader 4. Determine if your CPU architecture is 32-bit or 64-bit. To do so, type the following command in the command line (called Terminal) and look in front of the CPU op-mode(...
That said, I chose to download thePip Chartindicator. I don't know what this indicator does, but I'm just going to use it to show you how to install a MT5 indicator. In this example, I clicked on the link circled above to download the indicator in .mq5 format. Locate the download...
For instance, when a market is overbought, the momentum indicator may show that the market is about to fall. Alternatively, it may show that a market is getting ready to bounce on a falling, oversold market. The momentum indicator is inherently present in the MT4 and MT5 platforms. The def...
(1)how to set Bollinger Bands indicator on your chart, (2)how to customize its parameters, (3)how to remove this indicator from mt4 chart. How to set Bollinger Bands indicator First open your chart. In the above menu, click on”Insert”. Then click on”Indicators”and”Trend”. You wi...
Let us look at the momentum indicator found in MT4 and how it can be profitably used. Momentum is calculated as a ratio of today’s price to the price several periods ago (MomPeriod): MOMENTUM = CLOSE of Current Bar / MomPeriod *100 ...
1.1. Editing the indicator header line 1.2. Checking the chart type 1.3. Function of creating history file header 1.4. First record of quotes to the *.hst file 1.5. Writing online quotes 1.6. Editing the OnCalculate() function 2. Starting indicator on offline chart ...
RSI Indicator Writing Gold Trading Systems Rules Writing Gold Trading Plan How to Save Trading System as a Template on MT4 How to Open a Gold Chart How to Open Buy Trade and How to Open Sell Trade How to Use MT4 Market Watch Window ...
Modify expert:This is only used to modify the source code of the indicator. You won't need this for your first test. Optimization:Uncheck this box. We will get into optimization later in this post. Once everything is setup, then click on theStartbutton. ...
To find a desired product, select the product category and specify additional search parameters if necessary. For example, you can select indicator type (trend, oscillator, multi-timeframe, indicator of levels or channels, etc.), price category, rent options, etc. Products that meet your search...
In this case, theStop-Loss-Clusters indicatorwill be helpful. This indicator displays a blue line on the chart, which shows that sellers’ stop-losses concentrate at that particular level. Having activated the cluster of sellers’ stop-losses, the market tends to turn down. ...