The iPump for MT4 is a unique tool in the world of Forex trading. It is an advanced Forex indicator that combines the advantages of three categories of indicators. These include simultaneous trend detection on several timeframes, defining zones of resistance and support, and determination of overbought and oversold zones.
Defining a Trend
The iPump for MT4 is a valuable tool for traders who want to objectively assess the current market direction and avoid subjectivity. It provides clear and intuitive information about the ongoing trend in the Forex market.
Determination of Support and Resistance Levels
With the iPump indicator, traders can assess potential price barriers for an asset within a few seconds. The indicator also clarifies the type of level presented, whether it is a tested level (resistance/support), reversal level, weak level, or not tested level. This feature is crucial for developing effective Forex trading strategies.
Determination of Overbought and Oversold Zones
The iPump indicator is equipped with a non-lagging and non-redrawing signal oscillator. This oscillator shows the current state of the asset, and based on this data, traders can identify zones where it would be interesting to buy or sell assets. The indicator accurately shows a signal when the oversold or overbought price is higher than usual, allowing traders to make timely decisions about the advisability of opening positions.
The oscillator’s unique calculation algorithm used in the iPump for MT4 is the same as the one used in the Pump and Dump EA. It processes the incoming data of quotes about the state of the price every second, which allows the trader to keep his finger on the pulse of the traded asset.
Input Parameters and Their Functionality
The iPump for MT4 has several input parameters that traders can adjust according to their needs. These include color variables, which are responsible for the color coloring of the indicator. The Levels Smoothing parameter smooths the level zones relative to each other, while the Levels Label Shift parameter adjusts the shift in the location of signatures relative to the right edge of the monitor screen.
Independent Testing and Updates
For those interested in seeing the iPump for MT4 in action, independent testing of this product is available on the forexroboteasy.com website. Additionally, traders can subscribe to updates on the results of testing this product to stay informed about its performance.
FAQ
What is the iPump for MT4?
The iPump for MT4 is an advanced Forex indicator that combines the advantages of three categories of indicators. It helps in trend detection, defining support and resistance levels, and identifying overbought and oversold zones.
How does the iPump for MT4 work?
The iPump for MT4 uses a unique calculation algorithm to process incoming quote data about the state of the price every second. It provides traders with accurate and timely information to make informed trading decisions.
Where can I see the iPump for MT4 in action?
Independent testing of the iPump for MT4 is available on the forexroboteasy.com website.
We invite traders who have used the iPump for MT4 to share their experiences. This review is independent, and we strive to provide objective information about this Forex tool. Please note that all trading decisions should be made based on your own analysis and risk tolerance.
The software promises to provide accurate and timely trading signals, however, in my experience, the accuracy of these signals has been questionable at best. I've found that the signals often lag behind the market trends, leading to missed opportunities and at times, significant losses.
Furthermore, the user interface of the software is far from intuitive. As a seasoned trader, I've navigated my way around complex trading platforms, but the "Indicator iPump for MT4" software was particularly challenging. The features and tools are not clearly labeled, making it difficult to fully utilize the software's capabilities.
The software also lacks comprehensive customer support. On several occasions, I've reached out to the support team with queries and issues, only to be met with delayed responses or, in some cases, no response at all. This lack of support can be incredibly frustrating, especially when dealing with time-sensitive trading decisions.
In terms of performance, the software frequently crashes and is slow to load, even on a high-speed internet connection. This has resulted in missed trades and lost opportunities.
In conclusion, while the "Indicator iPump for MT4" software may have potential, it falls short in several key areas. The inaccurate trading signals, complex user interface, lack of customer support, and performance issues make it a less than ideal tool for serious forex traders. I hope the developers take these concerns into consideration and make necessary improvements. Until then, I would advise fellow traders to approach this software with caution.
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