The Drake Delay Stochastic Indicator is a popular and useful forex indicator for MT4 that is designed to help traders identify overbought and oversold conditions in the market. This indicator is widely used by traders to make informed trading decisions and is available for free on various online platforms. The Drake Delay Stochastic Indicator works by combining the signals of the Stochastic oscillator with a delay feature, which helps to filter out false signals and generate more accurate trading signals. Traders can use this indicator to identify potential entry and exit points in the market, as well as to confirm existing trends. To use the Drake Delay Stochastic Indicator, traders simply need to add it to their MT4 platform and adjust the settings to suit their trading strategy. By following the signals generated by this indicator, traders can improve their trading performance and maximize their profits in the forex market.
MT4
Drake Delay Stochastic
The Drake Delay Stochastic Indicator is a popular and useful forex indicator for MT4. It is a free indicator that helps traders identify potential trend reversals. By measuring the speed and momentum of price movements, it can help traders make informed decisions on when to enter or exit trades. It is easy to use and can be a valuable tool for 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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