The Virtual Targets Indicator for MT5 is a useful tool for forex traders looking to set and reach profit targets more effectively. This popular indicator is free to use and can be easily integrated into your trading strategy on the MT5 platform. The indicator works by automatically calculating potential profit targets based on market conditions, allowing traders to set realistic and achievable goals for their trades. By visualizing these targets on the chart, traders can easily track their progress and make informed decisions on when to enter or exit trades. To use the Virtual Targets Indicator, simply add it to your MT5 platform and adjust the settings to fit your trading style. As the market moves, the indicator will continuously update the profit targets, providing valuable guidance for maximizing your trading potential.
MT5
Virtual Targets
Virtual Targets Indicator for MT5 is a useful forex tool that helps traders set profit targets with ease. This popular indicator is free to use and provides clear levels to aim for when trading. Simply input your desired profit level and let the indicator calculate the appropriate target price. This can help improve trading efficiency and ensure better risk management.
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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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