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Buy Sell Magic

The Buy Sell Magic indicator is a new and innovative Forex trading tool that detects trend reversals and generates accurate buy and sell signals on the price chart. Use the indicator on the chart of your chosen currency pair and follow the color signals to improve your trading performance.

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Description

The Buy-Sell Magic indicator is a classical technical trading tool that analyzes the forex market to identify an optimal zone to buy or sell an asset. It also displays the appropriate level for the stop loss of a trade.

Furthermore, the indicator delivers accurate and easy-to-understand signals, which makes it a user-friendly tool for beginners and advanced forex traders.

Features of the Indicator

The Buy-Sell Magic indicator does not repaint and is suitable for all classes of forex traders. Besides, it is a user-friendly indicator; it displays a buy/sell signal with an arrow, while the stop loss zone is indicated with a dot.

Furthermore, the indicator is optimized to find buying and selling opportunities in the lower time frames, thereby being recommended for scalpers and day/intraday forex traders.

Finally, this MetaTrader (MT4) indicator delivers high-probability buy and sell signals during the London and New York trading sessions. However, it is important to consult price action/other technical indicators as a confluence before making a trading decision.

Benefits of the Indicator

a) Ease technical analysis: The indicator makes trading the financial market less hassle because it does virtually all the work, from identifying a trend reversal zone to generating a buy/sell signal with a suitable stop loss.

b) Accurate signals: The buy/sell signals of the indicator are very much reliable, especially in a trending market. You may use the indicator’s signal to find entry opportunities to join the market after a price retracement.

Indicator Settings Description

The indicator comes with the following customizable settings:

Signal period: This determines the period for the trend analysis.

Arrow period: This shows the period for the signal arrows.

SL_pips: This shows the value of the stop loss limit in pips.

AlertON: This turns on/off the alert system.

Email: This enables/disables signals via emails.

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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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