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Dark Point

The Dark Point indicator for MT4 is the best Forex indicator that identifies accurate buy/sell signals with suitable stop loss and take profit levels. The Dark Point Indicator is free and can be used on any MT4 platform, making it a popular choice among traders.

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Description

The Dark Point indicator for MT4 is a trend-following indicator built with algorithms that analyze the market, identify buy/sell entries, and provide suitable stop loss and take profits. The indicator is beginner-friendly and is ideal for scalpers, day/intraday, and swing traders.

Features of the Dark Point Indicator for MT4

The indicator is a beginner-friendly tool developed to identify buy/sell entry signals, stop loss, and take profits across multiple time frames. It also displays statistics such as the total signals, total wins, and total hit rates, enabling traders to evaluate its overall performance at a glance.

Moreover, the Dark Point indicator for MT4 does not lag, repaint, or back-paint, making its signal reliable. Additionally, it comes with customizable parameters and several alert types to enhance efficient trading.

Benefits of Using the Indicator

  • Enhanced Trading Accuracy: The indicator can enhance trading efficiency by providing accurate buy/sell entry signals with corresponding stop loss and take profits.
  • Improves Risk Management: The indicator provides stop-loss and take-profit for every generated signal, facilitating better risk management, especially for beginners.

Indicator Settings Description

The indicator comes with the following customizable settings:

Dark Point Period: Determines the period of the indicator.

Dark Point Volatility Factor: Determines the volatility factor for analysis.

Sensitivity Multiplier: Determines the period of the sensitivity multiplier.

Enable TP 1: Enables/Disables the display of take profit 1.

TP 1 ATR Multiplier: Determines the ATR multiplier for take profit 1.

Enable TP 2: Enables/Disables the display of take profit 2.

TP 2 ATR Multiplier: Determines the ATR multiplier for take profit 2.

Enable TP 3: Enables/Disables the display of take profit 3.

TP 3 ATR Multiplier: Determines the ATR multiplier for take profit 3.

Enable SL 1: Enables/Disables the display of stop loss 1.

SL 1 ATR Multiplier: Determines the ATR multiplier for stop loss 1.

Enable SL 2: Enables/Disables the display of stop loss 2.

SL 2 ATR Multiplier: Determines the ATR multiplier for stop loss 2.

Enable SL 3: Enables/Disables the display of stop loss 3.

SL 3 ATR Multiplier: Determines the ATR multiplier for stop loss 3.

Show SL/TP Lines: Enables/Disables the display of stop loss/take profit lines.

Line Styles: Determines the type of line for stop loss/take profit.

Line Width: Determines the line width for take profit/stop loss lines.

TP Line Color: Determines the color for the take-profit line.

SL Line Color: Determines the color for the stop loss line.

Font Size: Defines the font size.

Buy Arrow Type: Determines the arrow type for buy signals.

Strong Buy Arrow Type: Determines the arrow type for a strong buy signal.

Trend Up Arrow Color 1: Determines the color to display bullish trend signal 1.

Trend Up Arrow Color 2: Determines the color to display bullish trend signal 2.

Trend Up Arrow Color 3: Determines the color to display a bullish trend signal 3.

Sell Arrow Type: Determines the arrow shape for sell signals.

Strong Sell Arrow Type: Determines the arrow shape for strong sell signals.

Trend Down Arrow Color 1: Determines the color to display bearish trend signal 1.

Trend Down Arrow Color 2: Determines the color to display bearish trend signal 2.

Trend Down Arrow Color 3: Determines the color to display bearish trend signal 3.

Enable Alert: Enables/Disables the alerts system.

Enable Push Notification: Enables/Disables alerts via push notification.

Enable Email: Enables/Disables alerts via email.

Dashboard Corner: Determines the position of the statistical dashboard.

Statistic Text Color: Determines the color to display the indicator’s performance.

Maximum Bars: Determines the maximum candlestick for analysis.

Count Chart: Enables/Disables the count chart feature.

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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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