When it comes to Forex trading, having accurate and timely information is key to making profitable decisions. The “Trends and News Forex Software” is a tool that promises to keep traders up to date with market trends, news, and their respective impacts on various currency pairs. Let’s delve into the details of this software and evaluate its real Forex results.
Forex Software Trends: Understanding Market Movement
The software comes equipped with a unique trend indicator. This feature analyzes trends over five different timeframes – M5, M15, H1, H4, D1 – to provide a holistic view of the market’s direction. By evaluating the number of bars and separating Buy and Sell orders, users can gauge which direction it is safer to open positions, thereby enhancing their Forex trading strategies.
Staying Ahead with Forex News
Staying abreast of Forex news is critical for making informed trading decisions. The software displays news as vertical lines on the chart, complete with tooltips describing the news items. It features previous published news and the next expected news, providing users with a comprehensive understanding of market developments. The software allows users to filter the news by importance (High, Medium, Low) and time period (Day, 4 days, Week), making it a valuable tool for Forex market analysis.
The Impact of News on Currency Pairs
The software doesn’t just provide news; it also calculates the impact of current news on currency pairs. This is done using a news impact index, which takes into account market expectations. The software displays arrows on the chart when the next news has significantly influenced the index, providing a clear visual representation of the news’ impact. This feature aids in understanding the influence of news on Forex investment decisions.
Additional Features and User Experience
In addition to the above, the software comes with several other useful features. For instance, it uses a news calendar downloaded by the Get news utility. Once the utility is attached to any terminal chart, it supports the indicator on all other charts. The software also provides sound notifications about the occurrence of news and displays markers for the beginning and end of trading sessions. These features ensure a seamless user experience for Forex traders.
Independent Testing and Real Forex Results
Users can view independent testing of this software on the forexroboteasy.com website. This gives a real-time overview of the software’s performance and the real Forex results it has achieved. Subscribing to updates on the testing results is also possible, ensuring users stay abreast of the software’s performance.
FAQ Section
Can the software be attached to any chart?
Yes, the software can be attached to any chart with any timeframe.
Does the software provide sound notifications about the occurrence of news?
Yes, the software provides a sound notification about the occurrence of news in the form of the spoken word “News”.
Can users filter the news by importance and time period?
Yes, users can filter the news by importance (High, Medium, Low) and time period (Day, 4 days, Week).
We welcome users to share their experiences of using the “Trends and News Forex Software”. Your insights can help others make informed decisions about whether this software is the right tool for their Forex trading needs.
Please note that this is an independent product review. The software is neither owned nor developed by us. It is a third-party tool designed to aid in Forex trading.
Forex Trader Software Review: Unveiling 'Trends and News'
The software sources its news from the www.investing.com calendar, a reliable and trusted source. This ensures that the information you receive is accurate and timely, which is crucial for successful trading.
Working with the developer was a delightful experience. He was prompt in answering all my queries and was open to making minor improvements to enhance the software's functionality. It's not often that you find a developer who is so committed to customer satisfaction. His willingness to work with users to improve the software is commendable.
I have personally tested this tool and can vouch for its accuracy with the www.investing.com calendar. It's a highly reliable tool that I would recommend to anyone involved in news events trading.
The 'Trends and News' software is more than just a tool; it's a partner that works with you to ensure your trading success. It's a well-designed, user-friendly software that makes trading a breeze. The 5-star rating I have given it is well-deserved and a testament to its quality and performance.
In conclusion, if you're looking for a reliable, accurate, and reasonably priced tool for news events trading, 'Trends and News' is the software for you. It's a fantastic tool that delivers on its promises and exceeds expectations. I highly recommend it to anyone involved in Forex trading. It's a tool that you can trust to help you navigate the complex world of Forex trading with ease and confidence."
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