Moving Average Crossover Sniper Scanner MT5 Review
Overview of the Moving Average Crossover Strategy
The Moving Average (MA) Crossover Sniper Scanner for MT5 offers an advanced tool for Forex traders utilizing moving average crossovers. This scanner identifies key crossover signals like the death cross and golden cross, which are pivotal in technical analysis and forex trading strategies.
The MA Crossover strategy involves applying two moving averages to a trading chart: a shorter-term (fast MA) and a longer-term (slow MA). A buy signal is generated when the fast MA crosses above the slow MA, indicating an upward trend. Conversely, a sell signal is produced when the fast MA crosses below the slow MA, suggesting a downward trend.
Features of the MA Crossover Sniper Scanner
This scanner stands out by not just limiting to two MA crosses but allowing users to scan up to four different MA crossover conditions. The product includes a comprehensive dashboard, which displays signals and alerts on various timeframes and symbols, enhancing the trader’s decision-making process.
Customizable Inputs and Alerts
The MA Crossover Sniper Scanner provides multiple configurable inputs:
Market Watch: Set to True/False. When true, the scanner monitors symbols in the market watch list.
Symbols: Users can specify up to 15 symbols for each symbol row to be scanned.
Timeframes: Choose from M1, M5, M15, M30, H1, H4, D1, W1, MN1 and manually input the desired timeframes.
On Closed Bar: If enabled, the indicator waits for the bar to close before sending a signal.
Expiration (Minutes): Set the duration before a signal is removed from the dashboard.
Template to Apply: Clicking on a cell opens the chart with the user’s chosen template.
Alerts: Activate desktop and mobile alerts for immediate notifications.
MA Settings and Signal Types
The scanner allows for various MA settings:
C1 Fast and Slow MA: Crossover Condition 1
C2 Fast and Slow MA: Crossover Condition 2
Displayed signals include:
SELL C1: Bearish crossover of Crossover Setting 1
BUY C1: Bullish crossover of Crossover Setting 1
SELL C2: Bearish crossover of Crossover Setting 2
BUY C2: Bullish crossover of Crossover Setting 2
BUY GC: Golden Cut signal when both C1 and C2 align
SELL GC: Death Cross signal when both C1 and C2 align
Appearance and Compatibility
The MA Crossover Sniper Scanner offers various display options, allowing users to customize colors and dashboard placement on the chart. It is compatible with a wide range of instruments, including stocks, indices, commodities, currencies, and cryptocurrencies.
FAQ
What is the benefit of using multiple MA crossover conditions? Utilizing multiple crossover conditions provides a more nuanced analysis, allowing traders to identify and confirm trends with greater accuracy.
Can the scanner send alerts to mobile devices? Yes, the scanner can send both desktop and mobile alerts, ensuring traders do not miss critical signals.
Is this tool suitable for all trading instruments? Yes, the MA Crossover Sniper Scanner works with various instruments, including stocks, indices, commodities, currencies, and cryptocurrencies.
For independent testing of this product, visit forexroboteasy.com. Subscribe to updates on the results of testing this product and share experiences of using this product.
Write review