Market Screener for MT4

Market Screener is a powerful tool designed for professional forex traders. It provides a comprehensive analysis of the market, allowing traders to identify assets that are either overbought or oversold within a selected period of time. With the help of this tool, traders can make more informed trading decisions and maximize their profits.

What is Market Screener?

Market Screener is a screener that allows traders to identify assets that are more than usually overbought or oversold within a selected period of time. In the forex market, the law of buying cheaper and selling more expensive applies. However, without an automatic scanner, it can be very difficult to identify assets that are overbought or oversold within a specific time frame. Market Screener solves this problem by scanning the market and providing traders with a list of assets that meet their criteria.

Key Features of Market Screener

1. Universal Compatibility: Market Screener can be used on any time frame and with various instruments such as currencies, stocks, cryptocurrencies, commodities, and indices. The logic of identifying assets is based on the fundamental laws of the market, making it a versatile tool for traders.

2. Multiple Trading Strategies: With the help of Market Screener, traders can work according to different strategies. One of the most common strategies is the Pump and Dump strategy, which involves identifying assets with abnormal growth or decline rates and taking advantage of the trend.

3. Average Value Calculation: Market Screener not only determines the overbought and oversold condition of an asset at the selected time frame but also calculates the average price change for the selected time period. This allows traders to identify assets with higher-than-usual growth or decline rates.

How to Use Market Screener

Using Market Screener is simple and straightforward. Traders can follow these steps to make the most out of this powerful tool:

1. Overbought Assets: In the Overbought Assets table, traders can look for assets whose current overbought index is higher than usual. They can then go to the chart and analyze the asset in more detail. If an interesting entry point is identified, they can sell the asset following the trend.

2. Oversold Assets: In the Oversold Assets table, traders can look for assets whose current oversold index is higher than usual. They can then go to the chart and analyze the asset in more detail. If an interesting entry point is identified, they can buy the asset following the trend.

3. SL/TP Settings: Market Screener allows traders to set their stop loss (SL) and take profit (TP) levels within their trading system. This helps them manage their risk and maximize their profits.

FAQs

1. Can I use Market Screener with any trading platform?
Yes, Market Screener is compatible with the popular trading platform MT4. It seamlessly integrates with MT4, providing traders with a user-friendly interface and powerful analysis tools.

2. Can I watch independent testing of Market Screener?
Yes, you can watch independent testing of Market Screener on the forexroboteasy.com website. It provides real-time results and performance metrics to help you make an informed decision about using this tool.

3. Can I share my experience of using Market Screener?
Absolutely! We encourage traders to share their experience of using Market Screener. Your feedback and insights can help other traders make better trading decisions.

Conclusion

Market Screener for MT4 is a valuable tool for professional forex traders. It allows traders to identify overbought and oversold assets within a selected time frame, providing them with opportunities to profit from market trends. With its versatile compatibility and powerful analysis features, Market Screener is a must-have tool for any serious trader. Watch independent testing of this product on forexroboteasy.com and subscribe to updates on the results to stay ahead of the market. Share your experience and contribute to the trading community.