Market Scanner PRO – analyze of the trend for all pairs and TFs
Market Scanner PRO is an information indicator that can analyze the direction of a trend on all trading instruments and time frames that are available in your MT4 terminal. The indicator comes complete with FX Venom Pro, but I wanted to pay more attention to it, so I decided to devote a separate article to MarketScannerPRO.
Characteristics of the Market Scanner PRO
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Around the clock
- Timeframe: M1-WN
- Recommended broker: Alpari, Forex4you, RoboForex
Indicator trading signals
MarketScannerPRO should not be used as an independent trading tool. This indicator can only act as an additional filter to determine the overall trend. This will be useful when opening a position on the main trading signal (for example, FX Venom Pro) in the direction of the trend. If the trend direction coincides on all time frames, then this is a stronger signal:
It is not clear which algorithm the indicator uses to detect the direction of the trend. Most likely, the data are built on the basis of price extremes. But this method can be very useful and accurate.
By default, the indicator shows the direction of the trend on major currency pairs. But you can install any trading asset available in your Metatrader 4. Just write this asset in the indicator settings separated by a comma without a space:
The main thing is that this trading tool is available in your MT4 and supported by your broker.
Similarly, you can add any Timeframe in the indicator settings.
Market Scanner PRO is equipped with all the standard set of alerts: MT4 alerts, E-mail notifications, Push (mobile) notifications.
Since this indicator is a bonus to FX Venom Pro therefore, it would be logical to assume that they should be used together. I repeat, but do not use MarketScannerPRO alone, use it only as an additional filter. And be sure to start your trading with a demo account.
In the archive MarketScannerPRO.rar (22.0 kB):
Free Download Market Scanner PRO