Simple Trade Range
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If you are in need of help adjusting Stop Loss and Take Profit targets based on the price movement, the Simple Trade Range indicator could give the necessary data for you to calculate. For Stop Losses, there are specific data that generate recommended maximum targets according to the current market condition.To download this indicator, follow the instruction as written below:
How to Install an additional indicator on the MetaTrader platform?
- Open the MetaTrader platform.
- Click on the "File", then choose "Open Data Folder".
- Locate the downloaded indicator in your File Explorer, and copy it.
- Go back to the MetaQuotes terminal.
- Open the "MQL4" folder, then select "Indicators"
- Paste the indicator file.
- Close the MetaTrader platform.
- Reopen the MetaTrader platform.
- Scroll through the "Navigator" section on the left side of the chart. In the "Indicators" category, look for the one with the name of the downloaded indicator.
- Drag and drop the indicator on the chart.
- Check "Allow DLL Imports".
- Click OK.
- Custom indicator is ready to use.
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