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indicator name
Info
The indicator name is a Expert Advisor for MetaTrader 4 that several times, we share snapshot with the other person with some indicator attached on the chart. however there is no way to be fully sure from the chart snapshot itself whether the indicator attached on the chart is the same which we are expecting it to be.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use indicator name
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
several times, we share snapshot with the other person with some indicator attached on the chart.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: trade signal indicator - another powerful expert for MetaTrader 4 traders.
several times, we share snapshot with the other person with some indicator attached on the chart.
however there is no way to be fully sure from the chart snapshot itself whether the indicator attached on the chart is the same which we are expecting it to be.
Also recommended: dv d level indicator (100-50 cent) - similar expert with strong performance on MetaTrader 4.
i case of an ea, when the ea is attached to a chart, the name of the ea is always visible on the chart in the top right corner by default.but no such thing is available for an indicator.
so this code is very handy to get the name of the indicator and then we can show it as an object anywhere on the chart.
this way, we can always be sure of the indicator which is attached on the chart.
You may also like: X Trail 2 - Cross Alert Indicator - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
int oninit()
{
print("indicator name is: ",chartindicatorname(null,1,0));
return(init_succeeded);
}
void ondeinit(const int reason).......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.