About the Corona Dashboard v1.0 Indicator
The Corona Dashboard v1.0 is a sophisticated MetaTrader 4 (MT4) tool that consolidates vital market information across multiple timeframes into a single, intuitive panel.
It provides real-time setups, trend direction, and momentum cues without the need to switch charts—making it a powerful addition to both beginner and advanced traders’ arsenals.
This handy tool is available as a free download, complete with a strategy to get you started.
Buy & sell signal
- A buy signal occurs whenever all 4 signals are bullish.
- A sell signal occurs whenever all 4 signals are bearish.
The Corona Dashboard V1.0 indicator can be used for both entry and exit signals or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
For scalping purposes, the indicator tends to produce the best results in the London and U.S. trading sessions.
Free Download
Download the “corona-dashboard-v1-indicator.ex4” indicator for MT4
Key Features
- Multi-timeframe overview: displays trend signals for multiple timeframes at once (e.g., M15, H1, H4).
- At-a-glance signal panel: instantly view buy, sell, or neutral across each timeframe.
- Trend and momentum fusion: combines moving averages or other filters to confirm signal strength.
- Color-coded alerts: green (bullish), red (bearish), grey (neutral) for quick interpretation.
- Alert options: pop-up, sound, and email notifications for new signals or reversals.
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Corona Dashboard V1.0 mt4 indicator in action on the trading chart.
How to Trade Using This Indicator
Entry: Buy & Sell
Enter a buy when the dashboard indicates bullish signals (green) on your chosen timeframe and preferably aligned with at least one higher timeframe also displaying green or neutral.
Short entries are taken when a bearish signal (red) appears, backed by higher-timeframe confirmation.
Stop Loss & Take Profit
For long trades, place stop-loss below the recent swing low; for shorts, above the swing high.
Set take-profit at a logical level, like a previous price pivot or based on a 1.5:1 or 2:1 risk-reward ratio.
Always cross-check with chart confirmations like candlestick patterns or trendlines.
Download Now
Download the “corona-dashboard-v1-indicator.ex4” indicator for Metatrader 4
Corona Dashboard V1.0 + Four Average Scalping MT4 Strategy
This strategy integrates the Corona Dashboard V1.0 Forex Indicator, which provides a comprehensive dashboard displaying cycle period, swing position, signal-to-noise ratio, and trend vigor.
It combines this with the Four Average Scalping Metatrader 4 Forex Indicator, a tool designed to benefit from small market price movements.
This indicator shows clear buy and sell signals directly on the main MT4 chart, helping traders execute timely trades.
Buy Entry Rules
- Corona Dashboard Confirmation: Ensure that all four indicators (cycle period, swing position, S/N ratio, and trend vigor) are bullish, indicating a favorable market condition for buying.
- Four Average Scalping Signal: Wait for the Four Average Scalping indicator to display a green histogram, signaling a buy opportunity.
- Entry Point: Enter a long position at the close of the candle where both conditions align.
- Stop Loss: Place a stop loss just below the recent swing low to manage risk effectively.
- Take Profit: Set a take profit target based on a risk-to-reward ratio of at least 1:2.
Sell Entry Rules
- Corona Dashboard Confirmation: Ensure that all four indicators (cycle period, swing position, S/N ratio, and trend vigor) are bearish, indicating a favorable market condition for selling.
- Four Average Scalping Signal: Wait for the Four Average Scalping indicator to display a red histogram, signaling a sell opportunity.
- Entry Point: Enter a short position at the close of the candle where both conditions align.
- Stop Loss: Place a stop loss just above the recent swing high to manage risk effectively.
- Take Profit: Set a take profit target based on a risk-to-reward ratio of at least 1:2.
Trader Case Studies
Below are examples of traders who applied this strategy on different currency pairs and timeframes:
Marco S – Portugal
Marco, a swing trader from Portugal, applied this strategy on the EUR/USD and GBP/USD pairs over 30 days. By following the combined signals closely, he earned a total of +625 pips.
Anna K – Germany
Anna, a part-time trader from Germany, used the strategy on the USD/JPY and EUR/GBP pairs. She achieved a net profit of +190 pips in 25 trading days by combining trend confirmation with entry signals.
Jeroen V – The Netherlands
Jeroen, a day trader from the Netherlands, traded the AUD/USD and NZD/USD pairs using this system. His disciplined approach resulted in a profit of +265 pips over three weeks.
Disclaimer: These case studies are for educational purposes only. Results may vary based on market conditions, risk management, and individual trading discipline.
Advantages
- Comprehensive Analysis: The Corona Dashboard V1.0 provides a holistic view of market conditions, aiding in informed decision-making.
- Clear Entry Signals: The Four Average Scalping indicator offers straightforward buy and sell signals, simplifying trade execution.
- Versatility: Suitable for various trading styles, including scalping, day trading, and swing trading.
Drawbacks
- Lagging Indicators: Both indicators are based on historical price data, which may result in delayed signals.
- False Signals: In choppy or sideways markets, the indicators may produce false signals.
- Requires Patience: Traders must wait for both conditions to align, which may lead to fewer trade opportunities.
Strategy Conclusion and Tips
This strategy offers a balanced approach by combining comprehensive market analysis with clear entry signals. For optimal results:
- Backtest: Test the strategy on historical data to understand its performance.
- Risk Management: Always use proper risk management techniques to protect your capital.
- Stay Informed: Be aware of major economic events that may impact the markets.
By adhering to these guidelines, traders can enhance their decision-making process and improve their trading outcomes.
Indicator Specifications
| Specification | Detail |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Supported Timeframes | User-selectable—commonly M1 to H4 |
| Trade Style | Intraday, swing, multi-timeframe monitoring |
| Inputs | List of monitored timeframes, moving-average type/period, alert options (sound/pop-up/email), colors |
| Display | Dashboard panel overlay, color-coded, real-time updates |
FAQ
1. Is the Corona Dashboard v1.0 free?
Yes, it is completely free to download, install, and use in your MT4 terminal.
2. Which timeframes can I monitor?
You can monitor multiple timeframes simultaneously, typically from M1 up to H4, customizable per your strategy.
3. Does it repaint or lag?
The dashboard updates in real time based on the underlying indicators, but does not repaint previous signals once formed—though momentary lag may occur if your PC or broker execution is slow.
4. Can it notify me of signals when I’m away from my desk?
Yes. You can enable pop-up alerts, sounds, or email notifications whenever a new signal triggers or reverses.
5. Who is this for?
Ideal for day traders and swing traders who need quick, reliable trend or signal checks across timeframes—no need to constantly switch charts.
Final Words
The Corona Dashboard v1.0 streamlines multi-timeframe analysis into a clean, at-a-glance panel that saves you time and improves decision-making.
It’s especially effective when combined with price-action confirmation or indicators like RSI or MACD.
Always test the tool on a demo account first to familiarize yourself with its signals and setup before trading live.
