The Grid Round Numbers Indicator is a popular and free Forex indicator for MT4 platform. This indicator is useful for traders who want to identify and take advantage of round numbers in the Forex market. Round numbers are important support and resistance levels that can be used to determine entry and exit points. The Grid Round Numbers Indicator is easy to use and customize. It automatically draws a vertical grid line at each round number. The grid line is drawn at the exact price level of the round number. The indicator also includes customizable options such as the ability to change the color of the grid line and the width of the grid line. With the Grid Round Numbers Indicator, traders can take advantage of round numbers and increase their chances of success in the Forex market.
MT4
Grid Round Numbers
The Grid Round Numbers Indicator is a useful and popular free Forex indicator for MT4. It helps traders identify round numbers and their associated support and resistance levels. It draws horizontal lines at the round number levels, making them easier to spot and trade. The indicator also draws vertical lines at the beginning of each new day, allowing traders to easily identify the start of each trading session. It is a free and easy-to-use indicator that can be used to help traders make more informed trading decisions.
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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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