Dolly Graphics for Metatrader 5 is a complete Forex trading system indicator that comes with buy & sell entries, stop losses, and take profit targets.
The trading signals appear in the main trading chart as blue and red colored trading zones.
Dolly Graphics also adds comments to the most recent trading signals (pending, buy, sell, etc.).
It also provides some additional info such as daily open price, daily average range, currency pair price,…
You should check for new signals at the start of the London & American open session.
The indicator contains the following inputs and parameters: GMT shift, use open graphics, alerts on, auto signals, show comments, buy colors, sell colors, buy targets, sell targets.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
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Dolly_Graphics_v11-GMTShift.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Dolly Graphics Forex Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Dolly Graphics Forex Signal Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the Dolly Graphics indicator issues a new buy trading signal.
- Open a buy trade and place a stop loss at the suggested Dolly Graphics SL price.
- Close the buy trade at the suggested Dolly Graphics take profit target for long trades.
Sell Signal
- A sell signal is given when the Dolly Graphics indicator issues a new sell trading signal.
- Open a sell trade and place a stop loss at the suggested Dolly Graphics SL price.
- Close the sell trade at the suggested Dolly Graphics take profit target for short trades.
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Dolly_Graphics_v11-GMTShift.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Dolly_Graphics_v11-GMTShift.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration