Matrix Arrow Indicator MT4/5© Setup Guide

To purchase the Matrix Arrow Indicator MT4/5© from the MQL5.com Market, you’ll need an MQL5 community account. If you don’t already have one, you can create an account here: https://www.mql5.com/en/auth_register.

1. Ensure your MQL5 account has sufficient funds for the purchase. Using your MQL5 balance is often more convenient than using a credit card during the payment process.

2. Locate the Matrix Arrow Indicator MT4/5© on the MQL5.com website and navigate to its product page.

3. Click the Buy or Rent button to proceed with your purchase.

4. Select your preferred payment method and click the green Next button to proceed with the payment. 

5. Once your payment is successfully processed, open your MT4/5 terminal to download and install the Matrix Arrow Indicator MT4/5©.

6. Ensure that when you open your MT4/5 terminal, you log into your MQL5 account using your MQL5 login name, not your email, Facebook, or any other login. For instance, my login is the last part of my profile URL: eleanna74, from this URL: https://www.mql5.com/en/users/eleanna74.

7. Go to MT4/5 >> Tools >> Options >> Community tab and verify that you are logged in using your MQL5 account login.

8. In your MT4 terminal, scroll down to the Terminal window and click on the Market tab. On the left side of the Market tab, select Purchased, then click the blue Install button next to the product you just bought. For MT5, open the Navigator window, click the Market folder, and select Purchases. The Purchases window will open on the right, showing all your purchases. Find your product and click the Install button. 

Notice: If you can't see your purchase when you click the Purchased option, check the below mentioned issues:

Make sure that:

• that you have all the latest Windows Updates installed

• that you have Internet Explorer or Microsoft Edge latest version installed on your computer or VPS

• that you are using the latest build of MetaTrader 4/5

• that you are logged into your MQL5 account in MT4/5 >> Tools >> Options >> Community tab, using your login - NOT your email

• that your MQL5 account password is less than 10 characters (if your password is 10 or more characters - change MQL5 account password here)

In case you still don't see the product on the list of your purchases in the terminal, try the following:

1. Close ALL your MetaTrader terminals

2. Go to C:\Users\{user name}\AppData\Roaming\MetaQuotes\Terminal\Community

3. Delete all files starting from mql4.market.* and mql5.market.*

4. Open the MetaTrader terminal

5. Try to install your product again

9. Once your Matrix Arrow Indicator MT4/5© is installed, you may wish to configure email and push notifications in your MT4/5 terminal. This setup allows you to receive alerts about your arrow signals directly via email or push notifications.

10. To do this, navigate to MT4/5 >> Tools >> Options >> Email tab and complete the required details for your email account and server. Below is an example of the fields to fill in and a list of SMTP settings for common email providers.

• SMTP server: Enter your email provider’s SMTP address (refer to the list of popular providers below).

• SMTP login: Use your full email address, such as johnsmith@gmail.com.

• SMTP password: Input your email account’s password.

• From/To fields: Enter your name, followed by your email address, like this: John Smith, johnsmith@gmail.com.

List of SMTP Mail Servers: https://domar.com/pages/smtp_pop3_server

Gmail: smtp.gmail.com:465

Outlook-Hotmail: smtp-mail.outlook.com:587

Yahoo: smtp.mail.yahoo.com:465

iCloud: smtp.mail.me.com:587

Mail.com: smtp.mail.com:465

Mail.ru: smtp.mail.ru:25

Zoho: smtp.zoho.com:465

Gmx.com: smtp.gmx.com:465

11. To configure push notifications, go to MT4/5 >> Tools >> Options >> Notifications tab and enter the MQL5 ID number of your mobile device or tablet. This will enable you to receive notifications directly on these devices. You can find your MQL5 ID in the MT4/5 mobile app under Settings >> Messages.

You can also locate your MQL5 IDs by visiting your MQL5 account’s profile >> settings >> security.

12. To enable Terminal alerts, go to MT4/5 >> Tools >> Options >> Events tab and tick the relevant option. 

13. Once your notification settings are configured, it’s time to activate your Matrix Arrow Indicator MT4/5©. Open the chart of your chosen symbol, then navigate to the Navigator window on the left side of your MT4/5 terminal. Locate your purchased Matrix Arrow Indicator MT4/5© under Indicators >> Market folder and either drag it onto the chart or double-click it.

14. This will bring up the Indicator’s settings window. Here, you can adjust the parameters as desired and verify the notification settings at the bottom of the Inputs tab. The default parameters are pre-optimized and designed to work efficiently across various market conditions.

A comprehensive explanation of all Matrix Arrow Indicator MT4/5© settings can be found in the Settings Reference.

15. Once you’ve finished configuring your Matrix Arrow Indicator MT4/5©, click OK. Keep in mind that the default parameters for all 10 indicators are carefully optimized for seamless use across any instrument or timeframe. The Matrix Arrow Indicator MT4/5© will now appear on your MT4/5 terminal. You can adjust the Matrix height using your mouse, and you’re all set to trade with it!

16. The Matrix Arrow Indicator MT4/5© includes a free bonus tool, the Matrix Arrow Indicator Multi Timeframe Panel MT4/5©. This add-on enables you to view the Indicator’s signals across 5 customizable timeframes for up to 16 modifiable symbols/instruments. Additionally, it allows you to switch the current chart it’s attached to by simply clicking on any of the 16 symbol buttons. This feature helps you navigate between symbols quickly and ensures you never miss a trading opportunity. You can download/install the Matrix Arrow Indicator Multi Timeframe Panel MT4/5© here: 

👉  Matrix Arrow Indicator Multi Timeframe Panel MT4©: https://www.mql5.com/en/market/product/75010

👉  Matrix Arrow Indicator Multi Timeframe Panel MT5©: https://www.mql5.com/en/market/product/75011

17. The Matrix Arrow Indicator MT4/5© is not designed to predict the market but is a reliable tool that analyzes current market conditions and provides 100% non-repainting entry and exit signals. These signals are invaluable for manual or algorithmic trading. Unlike some popular indicators, the Matrix Arrow Indicator MT4/5© never alters or deletes its signals to make the chart look perfect after the fact.

As a general rule, if you notice unclear or confusing signals on one timeframe, switch to another to find one that provides clearer signals under the current market conditions. For instance, in this EURUSD H1 chart, the market shows indecision, resulting in opposing signals that are not particularly useful: 

Switching to M5, for instance, reveals a calmer market movement where the Matrix Arrow Indicator MT4/5© entry arrows and exit dots provide clearer and more profitable signals. The most effective way to use the Matrix Arrow Indicator MT4/5© is to scan multiple symbols and timeframes to identify the ones that perform best under current market conditions. Avoid setups that don’t seem profitable or logical at first glance. 

A genuine non-repainting tool like the Matrix Arrow Indicator MT4/5© uses data from 10/11 standard indicators to create arrow signals reflecting the current trend. However, rapid market changes due to news releases or official statements cannot be anticipated.

For instance, in this EURUSD M5 chart, the red arrow within the circle shows that all indicators suggest a downward trend, resulting in a red sell arrow. Yet, shortly after, the US NFP news triggers a sudden price reversal, sending it upward. This type of abrupt market shift is unpredictable for any real indicator, as news events can’t be known beforehand.

With scam repainting indicators, the red arrow might disappear after the price moves up, leaving only a blue up arrow. That’s called repainting, which the Matrix Arrow Indicator MT4/5© never does. Its signals remain unchanged and visible as originally formed, ensuring transparency. 

Another Example

If a particular timeframe isn’t providing clear signals, try switching to another. For instance, the M5 and M15 timeframes on these GBPUSD charts appear confusing because the price trend shifts direction every few hours. 

M1 and H1 timeframes can provide clear signals and are not as confusing, so they’re worth considering for your trading. If you decide to trade in a very low timeframe like M1, your approach will lean towards scalping small profits, while maintaining a relatively larger stop loss to give your trades room to breathe, protecting you from unexpected market changes. 

However, the most reliable signals in the GBPUSD charts for today are found in the 30-minute timeframe. If you carefully examine the timeframes mentioned earlier, you'll see that the M30 timeframe provides the best trading opportunities for this period. The M30 timeframe also offers the advantage of more time for your trades to develop, with trades lasting from several hours to a couple of days, and with take profit and stop loss levels set farther apart to avoid being triggered by minor market fluctuations.