Forex Signals
Back to products
Absolute Strength
MT4
Watch video
Click to enlarge

Profit Indicator

The Profit Indicator is a powerful and useful tool for Forex traders. It is one of the most popular and free indicators available for the MT4 platform and can be used to maximize profits and minimize losses. The Profit Indicator provides traders with an easy to read graphical representation of their current trading position. It shows the current open trades, the current profit/loss of the position, and the current balance of the account. With its easy to use interface and powerful features, the Profit Indicator is a great tool for any Forex trader.

Trading Style

Indicator Type

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 337

Download now
Description

In the ever-evolving world of Forex trading, the pursuit of consistent profitability is a primary goal for traders of all skill levels. The Profit Indicator emerges as a powerful and free tool that can help you navigate the markets with greater precision and potentially enhance your trading performance.

Features of the Profit Indicator

The Profit Indicator is designed for the MetaTrader 4 (MT4) trading platform and is based on a sophisticated algorithm that takes into account various market factors, including price action, momentum, and volume. This comprehensive analysis allows the indicator to identify potential buy, sell, and hold opportunities, empowering you to make more informed trading decisions.

Notably, the Profit Indicator utilizes moving average crossovers, where two different moving averages (red and green) cross over one another to confirm a change in the market trend. Traders can use these moving average crossovers to enter, exit, and ride long-term trends in the Forex market.

How the Profit Indicator Can Benefit You

Incorporating the Profit Indicator into your Forex trading strategy can offer a multitude of advantages. This powerful tool can help you quickly identify profitable trading opportunities, allowing you to capitalize on bullish or bearish market conditions. Whether you’re a day trader, a swing trader, or a long-term investor, the Profit Indicator can assist you in maximizing your trading profits and minimizing your losses, ultimately enhancing your overall trading performance and profitability.

The moving average crossover feature can provide valuable insights into the current market trend, enabling you to make more informed decisions about when to enter, exit, or hold your trading positions.

Indicator Settings

Period: This setting allows you to specify the number of time periods the indicator will use for its calculations.

Price: This setting allows you to select which price data (e.g. open, close, high, low) the indicator will use as its input.

MA1/2 period: These settings allow you to specify the number of periods to use for the first and second moving averages.

Type help: This indicates that typing “help” will provide additional information or instructions.

Type MA 1/2: These settings allow you to select the type of moving average (e.g. simple, exponential, weighted) to use for the first and second moving averages.

Conclusion

The Profit Indicator is a valuable addition to any Forex trader’s toolkit. Its advanced algorithm, user-friendly design, and free availability make it an indispensable resource for traders of all skill levels. Download the Profit Indicator and unlock the path to consistent profitability in the dynamic Forex market, with the added benefit of utilizing the moving average crossover strategy to ride the trends.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Profit Indicator”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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.

 

Related products

MT4
Quick view
Add to wishlist

MACD 4C

,
The MACD 4C Indicator for MT4 is a customized MACD. The indicator detects the trend and momentum of a currency pair and displays it on the chart using four different colors.
MT4
Quick view
Add to wishlist

MACD True

The MACD True Indicator is a popular and useful MT4 forex indicator that helps traders identify trends and momentum in the market. It is a modified version of the traditional MACD indicator that incorporates a color-coded histogram to provide more visual cues for traders. This indicator works by measuring the difference between two moving averages, and it is often used in conjunction with other technical indicators to confirm trading signals. Traders of all levels can benefit from using the MACD True Indicator in their trading strategies.
MT4
Quick view
Add to wishlist

Schaff Trend Cycle

,
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
MT4
Quick view
Add to wishlist

MACD Divergence

The MACD Divergence Indicator is a powerful tool that helps traders identify trend reversal points in the market. It is a popular and free indicator that is compatible with the MT4 platform. This new indicator plots divergences between the MACD indicator and the price on your chart, making it easy to spot potential trend reversals. It works by measuring the difference between two moving averages, and traders can use it to identify bullish or bearish divergences. With its ability to identify trend reversal points, this indicator is useful for both beginner and advanced traders.
MT4
Quick view
Add to wishlist

Woodies CCI Arrows Oscillator

,
The Woodies CCI Arrows Oscillator Indicator is a popular MT4 technical analysis tool used by forex traders to identify trends and potential entry and exit points wich based on the Woodies CCI system, which helps traders to identify when a trend is strong and when it may be weakening. The arrows on the indicator show when the price is moving in a particular direction, and the oscillator provides additional confirmation of the trend's strength. The Woodies CCI Arrows Oscillator Indicator is a valuable addition to any trader's toolkit, and it can help traders make better-informed trading decisions.
MT4
Quick view
Add to wishlist

Commodity Channel Index

The Commodity Channel Index (CCI) is a popular and useful Forex indicator used by many traders. It is a technical indicator that measures the momentum of price movements and helps to identify when a currency pair is overbought or oversold. It is easy to use and can help traders identify potential trading opportunities. The indicator is free to use on the MT4 trading platform and is one of the most popular indicators used by traders.
MT4
Quick view
Add to wishlist

ROC Indicator

,
The ROC Indicator is a popular and useful Forex indicator for MT4 that is free to download. It is used to measure the rate of change in price movements over a given time period. The indicator is useful for traders as it can help identify when a price is overbought or oversold, and when a trend is reversing. The ROC Indicator is a popular and useful tool for traders who want to make informed decisions about their trading strategies.
MT4
Quick view
Add to wishlist

CCI Divergence

,
The CCI Divergence Indicator for MT4 is a useful and popular free Forex indicator. It is used to identify potential reversals in the market by looking for divergences between price and the Commodity Channel Index (CCI). The indicator uses the CCI to determine when the market is overbought or oversold and when the trend is likely to reverse. It will then plot a divergence line on the chart to indicate potential reversal points. The CCI Divergence Indicator for MT4 is a great tool for traders of all levels and can be used to help traders make more informed decisions.