The 15 Min Trading with Double MACD MT4 indicator is a useful tool for forex traders looking to enhance their trading strategy. This popular indicator is free to download and install on the MetaTrader 4 platform. The Double MACD indicator uses two MACD (Moving Average Convergence Divergence) lines to identify trends and potential entry and exit points in the market. Traders can use this indicator to confirm trend direction, spot potential reversals, and generate buy or sell signals. To use the Double MACD indicator effectively, traders can look for crossovers between the two MACD lines, divergence between price and the indicator, or overbought/oversold conditions. By incorporating this indicator into their trading strategy, forex traders can make more informed decisions and potentially improve their trading results.
MT4
Min Trading With Double MACD
The Double MACD indicator is a popular free forex indicator for MT4 that is useful for 15-minute trading. It works by combining two Moving Average Convergence Divergence (MACD) indicators to provide buy and sell signals. Traders can use this indicator to identify potential trend reversals and entry points in the forex market.
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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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