Virtual Trade Monitor is a Forex indicator for Metatrader 4 that analyzes the chart for multiple currency pairs and then provides buy/sell trade recommendations.
Just add the indicator to any time frame of your preference and the buy/sell recommendations will pop-up in a dashboard.
It also shows the possible profit you would have made when you took the buy/sell signal.
Buy & sell signal:
- Open a buy trade when the Virtual Trade Monitor signals a new buy trade.
- Open a sell trade when the Virtual Trade Monitor signals a new sell trade.
The Virtual Trade Monitor indicator can be used as a standalone signal indicator or together with an existing trading system of your preference.
Free Download:
Download the “Virtual trade monitor.ex4” indicator for MT4
Indicator Example Chart (GBP/USD H1)
The example chart below displays the Virtual Trade Monitor mt4 indicator in action on the trading chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Forex signals
Download Now:
Download the “Virtual trade monitor.ex4” indicator for Metatrader 4
How to install the Virtual Trade Monitor indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.