Moving Average Trend Scanner MT4

For Forex traders, market trends are the lifeblood of their trading strategy. Identifying these trends quickly and accurately can be the difference between a profitable trade and a missed opportunity. The Moving Average Trend Scanner MT4 is a tool designed to streamline this process, boasting a plethora of features and customizable options to suit various trading styles and strategies.

A Multi-Symbol, Multi-Timeframe Dashboard

One of the prominent features of the Moving Average Trend Scanner is its multi-symbol, multi-timeframe trend dashboard. This feature allows traders to monitor and identify potential market trends across 28 configurable instruments and nine timeframes from a single chart. A deep scan feature further enhances this, enabling the scanning of up to 1000 instruments in the market watch symbols.

Customizable Moving Averages and Filters

The Moving Average Trend Scanner is equipped with customizable short-term, medium-term, and long-term Moving Averages. Traders have the option to filter signals based on a minimum distance between moving averages, which can help avoid premature Moving Averages alignment. Additionally, the dashboard can show the number of the bar that short MA crossed medium MA, providing traders with an in-depth analysis of market trends.

Further enhancing the scanner’s capability are the optional filters of signals with RSI indicator overbought/oversold levels, and the ADX indicator. These filters can help traders refine their strategy and enhance their trading accuracy.

Deep Scan Mode and Quick Review

The Moving Average Trend Scanner also features a Deep Scan mode for scanning all market watch symbols for Moving Averages alignment in a chosen timeframe. Traders can also quickly review signals on the same chart by clicking on signal buttons, allowing for efficient and effective market analysis.

Notification Alerts and Easy Setup

This scanner is designed with user convenience in mind. It provides popup, email, and phone notification alerts for selected symbols and timeframes, ensuring traders never miss an important market movement. Additionally, it allows for easy setup and arrangement of symbols in any order, with any instrument that your broker provides.

Important Notes

While the Moving Average Trend Scanner offers many features to aid in Forex trading, it’s important to remember that the dashboard signals are based on three Moving Averages alignment and are not direct Buy/Sell signals. They are indications of potential market trends that need to be further analyzed.

If traders wish to monitor more than 28 instruments, they can load the indicator on another chart with a different “Unique ID” in the settings and set different symbols for it. The symbols that traders want to add to the dashboard must be visible in the MetaTrader market watch window.

FAQ

Can this tool be tested before purchasing?
Yes, you can watch independent testing of this product on the forexroboteasy.com website. Subscribing to updates on the testing results of this product is also an option.

What if I have a specific Moving Average trading system?
The Moving Average Trend Scanner is highly customizable and can be set up according to your specific system to get buy/sell signals.

Does the dashboard work on the strategy tester?
No, this dashboard doesn’t work on the strategy tester. To test the indicator functionality, you can download the Demo version.

We invite readers to share their experiences using the Moving Average Trend Scanner, as user feedback can provide invaluable insights. Remember, this is an independent product review, and as such, the text does not refer to “our” or “my” product. It is written in the third person and provides an impartial overview of the tool.