The Advanced Forex Market Info indicator for Metatrader 4 represents a dashboard that contains a lot of useful currency pair market data.
After loading the Advanced Forex Market Info indicator on the chart, the dashboard will show up in the upper right corner by default.
You can change the corner, text size, and many more …
The dashboard reveals the currency pair name, the current market price, spread, day high/low price, candle close, swap long, swap short, and MA 34 distance.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “Milanese market info.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Indicator type: Market info
Repaint? No.
Advanced Forex Market Info and Zero Lag MACD Strategy
The MT4 Advanced Forex Market Info and Zero Lag MACD Strategy is designed for intraday trading on M5 and M15 charts.
This strategy combines detailed market insights from the Advanced Forex Market Info Indicator with momentum signals from the Zero Lag MACD Indicator.
The Advanced Forex Market Info Indicator provides a comprehensive dashboard displaying the Moving Average 34 distance.
The Zero Lag MACD Indicator uses a histogram: bars above 0 indicate a buy signal, while bars below 0 indicate a sell signal.
It is ideal for traders who want to align trades with current market conditions while confirming entries through a reliable momentum indicator.
Buy Entry Rules
- The Zero Lag MACD histogram rises above 0, indicating bullish momentum.
- The Advanced Forex Market Info dashboard shows a positive MA 34 distance supporting a bullish bias.
- Enter a buy trade at the next candle open.
- Place a stop loss below the most recent swing low or below the MA 34 level.
- Set take profit at the next resistance level or when the MACD histogram drops below 0.
Sell Entry Rules
- The Zero Lag MACD histogram falls below 0, indicating bearish momentum.
- The Advanced Forex Market Info dashboard shows a negative MA 34 distance supporting a bearish bias.
- Enter a sell trade at the next candle open.
- Place a stop loss above the most recent swing high or above the MA 34 level.
- Set take profit at the next support level or when the MACD histogram rises above 0.
Advantages
- Combines market condition overview with momentum confirmation.
- Helps traders choose the best currency pairs and time entries efficiently.
- Reduces false signals by checking both MACD and market info.
- Suitable for intraday trading on M5 and M15 charts.
- A visual dashboard simplifies the monitoring of multiple market factors simultaneously.
Drawbacks
- Performance can decline during low liquidity or high spread periods.
- Stop losses must be adjusted according to MA 34 and recent price action.
- Not ideal for scalping on M1 due to slower MACD reaction.
Case Study 1: EUR/USD M5
During the London session, the Zero Lag MACD histogram rose above 0, signaling bullish momentum.
The Advanced Forex Market Info dashboard confirmed a favorable spread and MA 34 distance.
A buy trade was entered at 1.0885 with a stop loss at 1.0875 and a take profit at 1.0900.
The price moved upward, capturing +15 pips within 20 minutes, illustrating the effectiveness of combining market info with momentum signals.
Case Study 2: GBP/JPY M15
During the New York session, the Zero Lag MACD histogram dropped below 0, indicating bearish momentum.
The Advanced Forex Market Info dashboard confirmed a downward MA 34 distance and a reasonable spread.
A sell trade was opened at 152.50 with a stop loss at 152.75 and a take profit at 152.20.
The trade achieved +30 pips in 40 minutes, demonstrating the strategy’s precision in intraday trading.
Strategy Tips
- Focus on high-volume sessions for stronger momentum and better trade execution.
- Only take trades when both the MACD histogram and the market info dashboard align.
- Place stop losses strategically based on the MA 34 distance and recent swing levels.
- Avoid trading during news releases to minimize slippage and unpredictable volatility.
- Monitor spread levels to ensure cost-effective entries.
Download Now
Download the “Milanese market info.mq4” indicator for Metatrader 4
