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 Trade Example
- 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 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
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Download the “Virtual trade monitor.ex4” indicator for Metatrader 4