The Profit Statistics Indicator is a useful and popular free Forex indicator for MT4. It helps traders to see the overall performance of their trading strategy in a visual way. It provides an overview of the total profit and loss, as well as the maximum and minimum drawdown of the strategy. It also shows the average profit per trade, the total number of trades, and the average profit per month. The indicator is easy to use and can be installed in just a few minutes. The Profit Statistics Indicator is a great tool for traders to gain insight into the performance of their trading strategy. It can be used to identify areas of improvement and to make adjustments to the strategy. By having an overview of the performance, traders can make informed decisions about the best way to adjust their trading strategy. The indicator can also be used to compare different strategies and to identify the best strategy for a particular market. It provides an overview of the performance and helps traders to make better decisions about their trading strategy.
MT4
Profit Statistics
The Profit Statistics Indicator is a useful free Forex indicator for MT4 that provides traders with an easy way to analyze their trading performance. This popular indicator is designed to help traders gain insight into their trading statistics, including profits, losses, number of trades, and more. It is an ideal tool for traders who want to quickly assess their trading performance and make adjustments to their trading strategy if needed.
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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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