The world of Forex trading is characterized by volatility and uncertainty, making the need for reliable and efficient tools imperative. The Smart Market Scanner is one such tool that stands out in the crowd of Forex tools. This review delves into the features and functionalities of the Smart Market Scanner, highlighting how it can bolster your currency trading efforts.
Smart Market Scanner: An Overview
The Smart Market Scanner is a Forex software that operates based on Smart Money Concepts. It is designed to identify potential trading entries and exits, thereby aiding in trade optimization. The scanner comes with a customizable choice of Forex pair lists, allowing users to select the markets theyโre interested in tracking, be it Forex, Crypto, Index, or others.
Real-Time Forex Market Analysis
One of the noteworthy features of the Smart Market Scanner is its ability to analyze the whole 28 list of forex pairs in real-time. It displays the highest and lowest values of these pairs for different timeframes, including Today, Yesterday, the Week, the Month, 2 Months, 3 Months, 6 Months, 12 Months, and 24 Months. The scanner illustrates the price difference of the current value of all forex pairs to these highest/lowest values, showing the pip difference in a graphic form in real-time.
Trade Optimization with Smart Money Concepts
The Smart Market Scanner leverages Smart Money Concepts, which are essentially strategies used by financial institutions for their entries and exits. These strategies focus on significant higher timeframe highs and lows, which are then used to identify potential trading opportunities. The scanner also allows users to customize the color settings and set alerts based on the pip difference levels, thus providing a visually intuitive way to monitor the forex market.
Identifying Trading Opportunities
The Smart Market Scanner eliminates the need for manually flipping through different charts to spot potential trading opportunities. It uses the Average True Range (ATR) to analyze price movements for each day for the last six trading days for all pairs. This can help in identifying pairs that were consolidating in the last few days and could possibly have a big impulse move soon. It also helps in identifying pairs that have just completed big impulse moves and may be due for a reversal.
Customizable Settings
The Smart Market Scanner offers six color settings for six custom levels of ATR and Higher-Level Highs and Lows. The user can decide the pip distance levels in the input screen as per their specific trading needs. This highly customizable nature of the scanner makes it a versatile tool for traders with different trading strategies and risk tolerance levels.
Frequently Asked Questions
Where can I see the Smart Market Scanner in action?
You can watch independent testing of the Smart Market Scanner on the forexroboteasy.com website.
Can I subscribe to updates on the Smart Market Scanner?
Yes, you can subscribe to updates on the results of testing the Smart Market Scanner on the forexroboteasy.com website.
Can I share my experience of using the Smart Market Scanner?
Yes, users are encouraged to share their experiences of using the Smart Market Scanner. Your insights may be valuable to others in the Forex trading community.
This review aims to provide an unbiased look at the Smart Market Scanner as an independent product. It doesnโt endorse or advocate for the product but merely presents the features and functionalities as they are. Users should perform their due diligence before choosing to incorporate this tool into their trading strategies.
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