Matrix Arrow Indicator MT4/5© Installation & User Guide
Before you install your Matrix Arrow Indicator MT4/5© !!!
Important: For optimal performance, go to MT4/5 >> Tools >> Options >> Chart >> Max Bars in Chart and set it to a low value, such as 1000. The Matrix Arrow Indicator MT4/5© calculates data from 10 indicators across this number of bars or candles. High values, like tens of thousands or more, can lead to longer update times and may freeze your MT4/5 terminal, particularly on slower machines.
Matrix Arrow Indicator MT4/5© Installation Guide & User Guide
To purchase the Matrix Arrow Indicator MT4/5© from the MQL5.com Market, an MQL5 community account is required. If you don’t already have one, you can sign up here: https://www.mql5.com/en/auth_register.
Check your MQL5 account to ensure you have sufficient funds. Using your MQL5 balance is often a quicker and easier option than paying with a credit card.
Locate the Matrix Arrow Indicator MT4/5© on MQL5.com and visit its product page.
Press the Buy or Rent button to finalize your purchase.
4. Decide on your payment method and click the green Next button to continue to the next step.
5. Once your payment is finalized, launch your MT4/5 terminal to download and install the Matrix Arrow Indicator MT4/5©.
6. When opening your MT4/5 terminal, make sure to log in with your MQL5 account username instead of your email, Facebook, or other options. For example, my MQL5 username is the final part of my profile URL: eleanna74, from this link: https://www.mql5.com/en/users/eleanna74.
7. Navigate to MT4/5 >> Tools >> Options >> Community tab and verify you’re logged in with your MQL5 account login.
8. To install your product in MT4, open the Terminal window and select the Market tab. On the left, choose Purchased and press the blue Install button next to your product. If using MT5, navigate to the Navigator window, click the Market folder, and choose Purchases. The Purchases list will display on the right, allowing you to click Install for your selected product.
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:
Close ALL your MetaTrader terminals
Go to C:\Users\{user name}\AppData\Roaming\MetaQuotes\Terminal\Community
Delete all files starting from mql4.market.* and mql5.market.*
Open the MetaTrader terminal
Try to install your product again
After the Matrix Arrow Indicator MT4/5© has been successfully installed, you might want to enable email and push notifications on your MT4/5 terminal. This setup will allow you to receive timely updates about your arrow signals directly to your email or mobile device.
To configure this, go to MT4/5 >> Tools >> Options >> Email tab and input the required details for your email and SMTP server. Below is an example of the setup and a list of SMTP settings for common email providers:
SMTP server: Input the SMTP address of your email provider (refer to the list below).
SMTP login: Enter your full email address, for example, johnsmith@gmail.com.
SMTP password: Provide your email account password.
From/To fields: Format your entry as: Your Name, your email, e.g., 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 enable push notifications, go to MT4/5 >> Tools >> Options >> Notifications tab and enter the MQL5 ID for your mobile or tablet. This will allow notifications to be sent to your device. Your MQL5 ID can be found in the Settings >> Messages section of your MT4/5 mobile app.
You may also check your MQL5 account’s profile >> settings >> security to find your MQL5 ID.
12. You can receive Terminal alerts by ticking the required option under MT4/5 >> Tools >> Options >> Events tab.
13. After completing the notification setup, you can begin using the Matrix Arrow Indicator MT4/5©. Open the chart for the desired symbol, and from the Navigator window on the left side of your MT4/5 terminal, locate your Matrix Arrow Indicator MT4/5© under Indicators >> Market folder. Drag it to the chart or simply double-click it.
14. The Indicator settings window will appear, allowing you to modify parameters and check the notification options at the bottom of the Inputs tab. The default parameters are specially calibrated to handle different market scenarios effectively.
A full description of the Matrix Arrow Indicator MT4/5© settings is available in the Settings & Inputs Guide.
15. Once you’ve finalized your Matrix Arrow Indicator MT4/5© setup, click OK. The default parameters for all 10 indicators are already optimized for use with any instrument and timeframe. The Indicator will now appear on your MT4/5 terminal. Use your mouse to adjust the Matrix height, and you’re good to go!
16. As a bonus, the Matrix Arrow Indicator MT4/5© includes the Matrix Arrow Indicator Multi Timeframe Panel MT4/5© at no extra cost. This tool displays the Indicator’s signals for up to 5 timeframes and 16 adjustable symbols/instruments. It also allows you to switch charts instantly by clicking any of the 16 symbol buttons, making it easier to react quickly to market opportunities. 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© does not claim to predict the future but is a reliable tool that analyzes current market trends and delivers 100% non-repainting entry and exit signals. These signals are especially useful for manual and algorithmic trading. It never modifies or removes signals to make past performance look flawless, a tactic used by many other indicators.
If the signals on one timeframe seem unclear or inconsistent, it’s best to explore other timeframes to identify one that works well with the current market environment. For example, in this EURUSD H1 chart, the market displays indecision, leading to contradictory signals that are less effective:
Switching to a timeframe like M5 often reveals smoother market behavior, where the Matrix Arrow Indicator MT4/5© provides more consistent and profitable entry arrows and exit dot signals. To maximize the potential of the Matrix Arrow Indicator MT4/5©, it’s important to analyze various symbols and timeframes, focusing on those that align best with current market conditions. Steer clear of setups that don’t appear profitable or logical at first sight.
The Matrix Arrow Indicator MT4/5©, a true non-repainting tool, derives its signals from the analysis of 10/11 standard indicators to reflect the prevailing market trend. However, it cannot predict sudden shifts in direction caused by unexpected news or announcements.
For instance, in the EURUSD M5 chart, the red arrow inside the circle indicates that all the indicators pointed towards a bearish trend, prompting the sell signal. Shortly afterward, the release of US NFP data caused a dramatic reversal, driving prices upward. Such abrupt changes are beyond the predictive capacity of any genuine indicator since news events cannot be known ahead of time.
In contrast, scam indicators may erase the original red arrow and replace it with a blue one to reflect the new trend. The Matrix Arrow Indicator MT4/5© never repaints, ensuring that its signals remain accurate and consistent with their initial appearance.
Another Example
It’s a good idea to switch timeframes when the current one provides poor signals. For example, the GBPUSD charts for M5 and M15 are confusing due to frequent price reversals happening every few hours.
The M1 and H1 timeframes offer relatively clear signals, making them good choices for trading. If you choose a very low timeframe like M1, you’ll be adopting a scalping strategy, targeting small gains while using a larger stop loss to provide ample space for the trade and shield yourself from sudden market changes.
The best trading signals on today’s GBPUSD charts are found in the 30-minute timeframe. If you go through the timeframes mentioned above, you'll observe that M30 is the ideal timeframe for this trading period. The M30 timeframe also gives you more time for your trades to unfold, with trades lasting from several hours to a couple of days, and your take profit and stop loss levels set further apart to prevent them from being triggered by small price movements.
18. Important: For optimal performance, go to MT4/5 >> Tools >> Options >> Chart >> Max Bars in Chart and set it to a low value, such as 1000. The Matrix Arrow Indicator MT4/5© calculates data from 10 indicators across this number of bars or candles. High values, like tens of thousands or more, can lead to longer update times and may freeze your MT4/5 terminal, particularly on slower machines.