The Stat Monitor Indicator is a powerful and useful tool for Forex traders that can be used to monitor the performance of their trades in real-time. This free indicator is popular among traders as it allows them to easily track their progress and make informed decisions about their trades. The Stat Monitor Indicator is compatible with the MT4 platform, which makes it easy to use and access. The Stat Monitor Indicator is designed to provide traders with a comprehensive overview of their trades. It displays a variety of information such as the current price, the current profit/loss, the number of trades, and the total profit/loss. This allows traders to quickly assess the performance of their trades and make adjustments as needed. The indicator also displays the average profit/loss per trade and the maximum profit/loss per trade. This allows traders to track their progress over time and identify areas of improvement. The indicator is free to use and is compatible with the MT4 platform, making it easy to access and use.
MT4
Stat Monitor
The Stat Monitor indicator is a popular and useful free Forex indicator for MT4 platforms. The indicator displays real-time information about the current performance of the trader’s strategy, including the total number of trades, the total number of winning trades, the total number of losing trades, the maximum drawdown, the average win rate, and the average profit per trade. The Stat Monitor indicator is easy to install and use, making it a popular choice among Forex traders.
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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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