Magnifier Ruler Crosshair

Designed for optimizing Forex trading strategies, the Magnifier Ruler Crosshair is a sophisticated Forex software built to provide traders with the flexibility of customizing their charts and enhancing their trading performance. The unique design of this tool combines advanced trading tools, including a magnifier, ruler, and crosshair, to provide a comprehensive view of the market.

Understanding the Magnifier Tool

The magnifier tool, also known as the zoom chart, allows traders to display candles from any timeframe at different scales. This tool enhances readability and provides a more detailed view of the market. It comes with default hotkeys that permit easy navigation. For instance, ‘Q’ for a higher timeframe, ‘A’ for a lower timeframe, ‘W’ to decrease candle size, ‘S’ to increase candle size, and ‘Z’ to show or hide the zoom chart. However, the demo version only works on the USDJPY pair.

Efficiency of Time and Price Scales

The Ruler tool includes two key features: the Time Scale and the Price Scale. The Time Scale marks the chart according to round periods of time. Users can set a time shift to see their local time on the scale, not the broker’s time. The time format can either be 24-hour or 12-hour, with the hotkey ‘T’ to show or hide the Time Scale. On the other hand, the Price Scale marks the chart vertically, and the format for displaying numbers and rounding prices can be set. The hotkey ‘P’ is used to show or hide the Price Scale.

Crosshair: An Essential Tool for Forex Traders

The Crosshair tool can show the price, time, number of bars, number of points, percentage, profit calculated according to the specified lot (profit by lot), and lot calculated according to the specified amount of money (lot by risk). It is a vital tool for traders who want to analyze the Forex market more accurately. The hotkey ‘C’ is used to show or hide the Crosshair. If the amount is calculated incorrectly, enabling the “Recalc Profit if Symbol currency differs from Account currency” parameter can rectify the issue.

Customizable Forex Tools for Optimal Trading

The Magnifier Ruler Crosshair tool provides a plethora of customization options. Traders can adjust the size, color, and format of each element to suit their preferences. Moreover, they can move these elements around using their mouse, providing an interactive and user-friendly trading experience. To disable or enable standard MT scales, the hotkey ‘M’ is specified.

FAQs

Q: Where can I find independent testing of the Magnifier Ruler Crosshair tool?
A: Independent testing of this product can be found on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

Q: Can I share my experience of using this product?
A: Yes, we encourage users to share their experiences of using the Magnifier Ruler Crosshair tool. Sharing experiences helps create a community of informed traders and contributes to the development of more efficient trading tools.

Remember, this is an independent product review. Your trading success may vary based on market conditions and your individual strategy. As always, it’s advisable to thoroughly test any new trading tools in a demo environment before going live.