The Candles 1 Pilot indicator is a useful and popular free Forex indicator for MT4. This indicator is a simple and straightforward way to identify trend reversals in the Forex market. It is based on a combination of candlestick analysis and trend analysis, which makes it a powerful tool for traders. The indicator works by scanning the market for price action and then plotting a line on the chart to show the direction of the trend. If the line is moving up, then it is an indication that the trend is bullish. On the other hand, if the line is moving down, then it is an indication that the trend is bearish. The indicator also includes a signal line which is used to confirm the trend reversal. The Candles 1 Pilot indicator is easy to use and understand. All you have to do is to attach it to your MT4 chart and it will automatically start scanning the market. Once the indicator finds a trend reversal, it will plot a line on the chart to indicate the trend. You can also customize the settings to suit your trading needs. With this indicator, you can easily identify trend reversals and take advantage of them to maximize your profits.
MT4
Candles 1 Pilot
The Candles 1 Pilot Indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders who want to analyze the market and make profitable trades. With this indicator, traders can identify the best entry and exit points to maximize their profits.
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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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