The Turtle Trading Indicator for MT5 is a popular and useful tool for forex traders looking to capitalize on long-term trends. This indicator is based on the famous Turtle Trading strategy, which involves buying breakouts to new highs and selling breakouts to new lows. The Turtle Trading Indicator for MT5 identifies the high and low points of a trend, providing clear entry and exit signals for traders. This helps traders to stay disciplined and follow the trend rather than getting caught up in market noise. To use the Turtle Trading Indicator for MT5 effectively, traders should look for strong trends and enter trades when the indicator confirms the direction of the trend. They should also use proper risk management techniques to protect their capital. Overall, the Turtle Trading Indicator for MT5 is a valuable tool for forex traders looking to trade with the trend and maximize their profits. And the best part is, it’s free to use!
MT5
Turtle Trading
Turtle Trading Indicator MT5 is a popular and useful forex indicator available for free on the MT5 platform. This indicator is based on the famous Turtle Trading strategy and helps traders identify trends in the market. It works by following the breakout of price movements and providing signals for entering and exiting trades. Traders can use this indicator to make informed trading decisions.
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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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