The Pip Counter Indicator for MT4 is a useful tool for forex traders looking to accurately measure and track the number of pips gained or lost during a trading session. This popular indicator is free to use and can be easily added to your MetaTrader 4 platform. The Pip Counter Indicator works by automatically calculating the difference in price between the entry point and current price of a currency pair, providing traders with real-time updates on their pips. This valuable information helps traders make informed decisions and manage risk effectively. To use the Pip Counter Indicator, simply install it on your MT4 platform and attach it to the chart of your chosen currency pair. The indicator will then display the current number of pips gained or lost at the top of the chart, allowing you to track your profits and losses with ease.
MT4
PIP Counter
The Pip Counter Indicator for MT4 is a useful tool for forex traders to easily track the number of pips gained or lost on a trade. This popular and free indicator displays the pip count in real time, helping traders make informed decisions. Simply add the indicator to your MT4 platform and it will automatically start tracking pips for each trade.
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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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