The BSI Trend Indicator is a useful forex indicator for the MT4 platform that is popular among traders for its accuracy and ease of use. This indicator is free to download and can help traders identify trends in the market, making it easier to make informed trading decisions. The BSI Trend Indicator works by analyzing price movements and identifying trends based on specific parameters set by the trader. It then displays this information on the chart, making it easy to see when a trend is starting or ending. Traders can use this information to enter or exit trades at the most opportune times, maximizing their profits and minimizing their losses. Overall, the BSI Trend Indicator is a valuable tool for forex traders looking to improve their trading strategy and increase their chances of success in the market.
MT4
BSI Trend
BSI Trend Indicator MT4 is a popular and free forex indicator that is highly useful for traders. It works by analyzing market trends and identifying potential entry and exit points. Traders can use this indicator to make informed decisions about their forex trades. With its user-friendly interface, BSI Trend Indicator MT4 is a reliable tool for both beginner and experienced forex traders.
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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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