The Auto Targets Indicator is a powerful and popular free Forex indicator for the MT4 platform. It is used by traders to identify entry and exit points in the Forex market. This indicator is very useful for both novice and experienced traders, as it helps to identify potential price movements and trends. The Auto Targets Indicator works by analyzing historical price data to identify potential entry and exit points. It looks at the current price, trend and momentum of the market, and then uses this information to identify potential levels of support and resistance. It then displays these levels as colored lines on the chart. These levels can be used to identify potential entry and exit points in the market. The indicator also provides traders with additional information such as the strength of the trend, the volatility of the market, and the potential for a breakout. This allows traders to make more informed decisions when trading in the Forex market. Overall, the Auto Targets Indicator is a powerful and popular free Forex indicator for the MT4 platform. It is an invaluable tool for both novice and experienced traders, providing them with the information they need to make more informed decisions when trading in the Forex market.
MT4
Auto Targets
The Auto Targets Forex Indicator is a popular and useful tool for traders who use MT4. The indicator uses the current price of a currency pair to calculate potential targets. It then plots these targets on the chart, allowing traders to easily identify potential entry and exit points. The indicator is easy to use and understand, making it a popular choice among 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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