The FX Smooth Oil Indicator is a useful tool for forex traders using the MT4 platform. This popular indicator is available for free and assists traders in identifying potential trends in the market. The FX Smooth Oil Indicator works by analyzing price movements and providing signals to help traders make informed decisions on when to enter or exit trades. It uses a combination of moving averages and trend analysis to give a clear picture of the market conditions. To use the FX Smooth Oil Indicator, simply add it to your MT4 chart and watch for buy or sell signals generated by the indicator. Traders can then use these signals as a guide for their trading strategy, helping them to maximize profits and minimize risks.
MT4
FXS Mooth Oil
FXS Smooth Oil Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy and ease of use. This free indicator works by analyzing market trends and identifying potential entry and exit points for profitable trades. Traders can use this indicator to make informed decisions and maximize their trading success.
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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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