Categories: Introduction to MQL5

How to Install MQ5 Indicator: A Step-by-Step Guide for Forex Trading

Installing a MetaTrader (MT4 or MT5) indicator on your trading platform is a simple process. Once the .ex4 or .ex5 file that you downloaded is located on your computer, simply open your MT4 or MT5 platform and click on “File”, then “Open Data Folder”. This will open the folder where all the files for your MT4/MT5 platform is stored. Then simply drag and drop (copy/paste) the indicator .ex4/.ex5 file into the “Indicators” folder. Restart your MetaTrader platform and the indicator should now be installed. Once restarted, open the “Navigator” window if it’s not already open and you should see the indicator under “Indicators”. You can then attach the indicator to any chart on your platform and start using it.

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Categories: Formula

Calculate Variance in Excel Using Formula: Step by Step Guide

The Variance Formula in Excel can be a powerful tool for Forex traders. This formula can help traders analyze the market, figure out trends, and plan for future trades. The formula uses historical data to calculate the price of a currency pair, while also providing information on its volatilty and the probability of a certain price movement. With this information, traders can better prepare for their trades and make more informed decisions. The Variance Formula in Excel can be useful for both short-term and long-term traders.

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