The DF Profit Monitor indicator is a useful tool for forex traders using the MT4 platform. This popular indicator offers real-time monitoring of profit and loss in pips for multiple currency pairs. The best part is, it’s free to use! The indicator works by displaying profit and loss information directly on your MT4 chart, allowing you to easily track the performance of your trades. This can help you make more informed decisions and adjust your trading strategy accordingly. Simply add the indicator to your chart, select the currency pairs you want to monitor, and start receiving live updates on your profits and losses. Overall, the DF Profit Monitor indicator is a valuable resource for forex traders looking to improve their trading performance. Give it a try and see how it can benefit your trading experience.
MT4
Df Profit Monitor
DF Profit Monitor Indicator is a useful forex indicator for MT4. It is a popular and free tool that helps traders monitor their profits in real-time. The indicator works by analyzing market trends and providing clear signals for buying or selling. Users can easily customize the settings to fit their trading strategy and preferences.
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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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