About the Multi Forex Scanner Dashboard Indicator
The Multi Forex Scanner Dashboard indicator for MetaTrader 4 is a market overview tool designed to help traders quickly identify the most attractive currency pairs to trade.
It scans multiple pairs at once and presents key technical and market data in a single dashboard.
The indicator displays real-time information such as server time, remaining time until candle close, current price, spread, ATR value, volume, RSI, Stochastic, ADX, pivot levels, and moving average direction.
This allows traders to evaluate market conditions without opening multiple charts.
The main focus of the dashboard is trend strength and direction.
By combining ADX readings with moving average signals, traders can filter out weak or ranging pairs and concentrate on markets showing clear directional movement.
The scanner works best as a trade selection tool alongside price action or entry-based indicators.
Free Download
Download the “FXTT_Fx_Scanner.mq4” MT4 indicator
Key Features
- Scans multiple currency pairs simultaneously.
- Displays real-time market and account data.
- Includes ATR, volume, RSI, Stochastic, and ADX values.
- Shows moving average trend direction.
- Highlights strong trending market conditions.
- Reduces the need for manual chart scanning.
- Works across all MT4 timeframes.
Indicator Chart
This chart example shows the Multi Forex Scanner Dashboard displayed on the trading screen.
The dashboard presents rows of currency pairs with technical readings, allowing traders to quickly spot pairs with strong trend conditions and favorable spreads.
Guide to Trade with Multi Forex Scanner Dashboard Indicator
Buy Rules
- Scan the dashboard for currency pairs showing a strong ADX trend.
- Confirm that the moving average column signals an upward trend.
- Check that spread and volatility are suitable for trading.
- Open a buy trade using your preferred entry technique.
Sell Rules
- Scan the dashboard for currency pairs showing a strong ADX trend.
- Confirm that the moving average column signals a downward trend.
- Check that spread and volatility are acceptable.
- Open a sell trade using your preferred entry technique.
Stop Loss
- Place the stop loss below a recent higher-timeframe swing low for buy trades.
- Place the stop loss above a recent higher-timeframe swing high for sell trades.
- Widen the stop slightly when ATR values indicate increased volatility.
Take Profit
- Target the next major support or resistance level.
- Use a risk-to-reward ratio of at least 1:2.
- Trail part of the position while ADX continues to show strong trend conditions.
Multi-Forex Scanner Dashboard + Gann Trend Oscillator MT4 Strategy
This Forex strategy combines the power of the Multi-Forex Scanner Dashboard with the Gann Trend Oscillator MTF Indicator.
The dashboard gives you a complete market overview with key data such as spread, ATR, RSI, Stochastic, ADX, pivots and moving average information.
This reduces guesswork and helps you pick only the cleanest market conditions.
The Gann Trend Oscillator provides simple visual trend signals using blue bars for bullish momentum and violet bars for bearish momentum.
Combined, they create a clear and structured strategy suitable for intraday traders and swing traders.
The method works because the dashboard filters bad market environments while the oscillator confirms the directional bias.
It is easy to use for beginners and reliable enough for experienced traders who want a rules-based approach.
It works well on M15, M30, H1 and H4 timeframes.
Buy Entry Rules
- Check the dashboard and confirm normal spread, rising volume and an ATR level that indicates movement.
- RSI should be above 50, and Stochastic preferably crossing upward.
- ADX above 20 suggests a trending environment, but this is optional.
- Price should be above the dashboard moving average.
- The Gann Trend Oscillator must show blue bars.
- Entry when the next candle opens after oscillator confirmation.
- Place a stop loss below the most recent swing low or below a pivot support level.
- Take profit at the next resistance level shown on the dashboard or at 1.5 to 2 times the stop loss.
Sell Entry Rules
- Check the dashboard and confirm normal spread and stable volume levels.
- RSI should be below 50, and Stochastic preferably crossing downward.
- ADX above 20 supports trend continuation.
- Price should be below the dashboard moving average.
- The Gann Trend Oscillator must show violet bars.
- Enter on the next candle open after oscillator confirmation.
- Place a stop loss above the most recent swing high or above a pivot resistance.
- Take profit at the next support or at a 1.5 to 2 reward-to-risk target.
Advantages
- Strong filtering from the dashboard prevents low-quality trades.
- Simple trend direction from the oscillator makes decision-making fast.
- Works on different Forex pairs and timeframes.
- Useful for both beginners and experienced traders.
- Reduces emotional trading by giving fixed rules.
Drawbacks
- May give fewer trade signals during slow market conditions.
- Dashboard information can overwhelm new traders initially.
- Strong news movements can cause signals to fail.
- Best results require some familiarity with pivots and trend structure.
Case Study 1
A trader monitored EURUSD on the M30 timeframe.
The dashboard showed normal spread, rising volume and ATR indicating steady volatility.
RSI was near 60 while Stochastic pointed upward.
Price traded above the moving average, and the Gann Trend Oscillator printed blue bars.
A buy trade was opened on the next candle.
The stop loss was set below the recent swing low, while the target was the next pivot resistance.
Price continued upward and reached the target for a clean 38-pip gain.
Case Study 2
On the GBPJPY H1 chart, the dashboard showed RSI below 40, Stochastic crossing downward, and ATR showing strong range expansion.
Price was below the dashboard moving average, and the oscillator changed to violet bars.
A sell trade was placed at the next candle open.
Stop loss was set above the previous swing high, and take profit was placed at the pivot support area.
The pair dropped sharply, hitting the target for a 62-pip profit.
Strategy Tips
- Avoid trading right before major news since volatility can distort dashboard readings.
- Stronger results occur when RSI, Stochastic and the oscillator all agree.
- Pairs with higher ATR generally give smoother movement when using this strategy.
- If price stalls near pivots, wait for clear movement before entering.
- Use higher timeframe dashboard readings to confirm overall trend bias.
Download Now
Download the “FXTT_Fx_Scanner.mq4” Metatrader 4 indicator
FAQ
What is the main purpose of the dashboard?
The dashboard helps traders quickly identify which currency pairs are trending strongly and worth further analysis.
How important is the ADX reading?
ADX is used to measure trend strength. Trades are best taken only when ADX signals a strong trend.
Does the moving average give entry signals?
No. The moving average indicates trend direction and should be used as a directional filter.
Should trades be confirmed elsewhere?
Yes. The dashboard is a selection tool and works best when combined with price action or entry indicators.
Summary
The Multi Forex Scanner Dashboard MT4 indicator simplifies the process of finding high-quality trading opportunities.
By presenting key technical data in one place, it saves time and improves market awareness.
Its combination of ADX trend strength and moving average direction helps traders focus on markets with momentum.
When paired with solid trade execution and confirmation tools, the dashboard becomes a powerful addition to any trading workflow.
