With a trading aid EA for MT4, the FXT50 Forex Indicator is a complete forex system that provides non-repaint buy/sell signals. Both novice and seasoned traders can utilize it as a user-friendly trading platform. When trading in the forex market, this software is intended to assist users in making wise judgments. It has ON-SCREEN dashboards that display a variety of useful data.
Traders are continuously looking for techniques to offer them an advantage in the constantly shifting world of the foreign currency markets. A comprehensive forex strategy called FXT50 is made to support traders in making wise selections and maximizing their profits. In this post, we’ll examine the FXT50 system’s salient characteristics and consider how it can enhance your trading abilities.
This MT4 trading indicator for forex is completely manual. The indicators generate the signals, but it is up to the trader to decide when to enter the market, create protective stops, and when to quit it profitably. As a result, the trader must be conversant with the concepts of risk and reward and set entries and exits using initial support and resistance levels.
You can add more chart analysis to the trading signals provided by the FXT50 MT4 Indicator to further filter them, which is advised. All levels of traders can utilize this strategy, but until you are reliable and self-assured enough to trade on a live account, it can be helpful to practice trading on an MT4 demo account.
Features
- Entry Indicator (BUY / SELL Signals).
- Dashboard Info (primary data like pair, spread, range, swap, etc.)
- Momentum Analysis Dashboard.
- Trading Assistant.
3TFs Momentum Filter: Taking Safer Trades
The 3TFs Momentum Filter is one of the software’s most notable features for the FXT50. By guaranteeing that their choices are in line with other times, this special filter enables traders to make riskier investments. The 3TFs Momentum Filter recognizes trends and lowers the risk of placing trades that are contrary to the direction of the market by simultaneously examining various periods. This function aids traders in avoiding potentially expensive errors and sustaining consistent account growth.
Trading Assistant: Streamlined Open/Closing and Trade Tracking
The user-friendly Trading Assistant included with the FXT50 bundle makes it easier to open and close deals. With the help of this practical instrument, traders may carry out their transactions swiftly and effectively, giving them the opportunity to take advantage of lucrative possibilities in the brisk forex market. The Trading Assistant also aids traders in keeping track of their open trades, facilitating portfolio management and progress tracking.
Easy-to-Use with Advanced Filtering
A flexible forex trading platform for both inexperienced and seasoned traders, FXT50. Its user-friendly layout makes it simple to navigate, and its sophisticated filtering features guarantee that your trading is always done at the highest possible level. These filters enable traders to hone their tactics and obtain knowledge of market trends, ultimately resulting in improved investing selections and returns.
FXT50 MT4 Trading Assistant Dashboard
A trading assistant is built into the software to aid you in trading. Using the BUY/SELL/CLOSE buttons, you can open and close your trades with a single click.
Trading Assistant Dashboard for FXT50 MT4
When starting a new deal, the lot setting defines the lot size.
Stop loss size is indicated in pips R. Since some traders don’t employ stop losses, it is by default disabled (you only need to access expert settings and change ‘Use Stop Loss to True’ to make it functional).
S R stands for the trade’s financial risk.
% R stands for the trade’s risk based on the account size.
In pips, the take profit is expressed as TP.
It is simple to use this FXT50 MT4 System. With this strategy, even a total novice can begin trading and earning money. You can configure it to send you signal alerts via email, platform pop-ups, and mobile notifications. This is advantageous since it allows you to keep an eye on numerous charts at once rather than having to spend the entire day waiting for signals to come on the charts.
Any currency pair as well as other assets including equities, commodities, cryptocurrencies, precious metals, oil, gas, and others can be traded using the FXT50 Forex System. Additionally, you may apply it to any time window that works best for you, from 1-minute to 1-month charts.
Even for complete newbies in forex, it is simple to use. You don’t need to be an expert
- FXT50-DAYTRADING – Provides balanced and stable signals. Perfect for most traders. Use it for typical day trading or swing trading.
- FXT50-SCALPING – Provides fastest signals with increased risk and also increased profit potential. Use it for scalping or fast day trading)
- FXT50-SWINGTRADING – Provides slower but more filtered signals. This mode is recommended for swing/position traders or simply for traders who do not have much time to check the charts.
Trading rules
Stick to your money management plan and avoid trading during a period of breaking news. Half an hour after the big currency news, stop your trades.
As usual, use wise money management to get the best outcomes. You need to master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Avoid trading at times and under unfavorable market conditions, such as low volume or volatility, outside of the main sessions, with exotic currency pairs, wider spreads, etc.