The BT-2 Stop Indicator is a popular and useful free Forex indicator for the MT4 trading platform. It is designed to help traders identify intra-day reversals and breakouts in the market. It uses an advanced algorithm that analyzes multiple time frames and identifies possible entry and exit points. The indicator also provides visual cues in the form of arrows and lines that indicate the direction of the trend. It is easy to use and provides traders with an efficient way to identify high-probability entry and exit points. It can be used on any currency pair, and it works best on higher time frames such as the 4-hour and daily charts. The indicator is also popular among scalpers and swing traders who want to take advantage of short-term price movements. With its simple and intuitive interface, the BT-2 Stop Indicator is a great tool for any trader who wants to maximize their profits in the Forex market.
BT 2 Stop
The BT-2 Stop Indicator is a free and popular Forex MT4 indicator that is useful for traders who want to identify trend reversals. The indicator is based on the Relative Strength Index (RSI) and uses two lines to identify overbought and oversold conditions in the market. The indicator is a great tool for traders who want to identify trend reversals quickly and accurately.
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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.
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