About the Virtual Trade Monitor Indicator
The Virtual Trade Monitor for MetaTrader 4 is a signal-based trading tool that delivers clear buy and sell opportunities through an integrated dashboard on the right side of the chart.
It is designed to analyze market conditions quickly and present trend information in a practical way without overcrowding the chart.
This indicator evaluates a broad range of currency pairs simultaneously, scanning for specific price patterns and momentum shifts that suggest a high-probability trade setup is forming.
For every tracked pair, it shows whether the current signal is bullish or bearish and even displays the potential profit points associated with previous signals.
Once market conditions align across its internal algorithms, the indicator highlights a precise entry signal within the dashboard, helping traders act with confidence.
Free Download
Download the “Virtual trade monitor.ex4” indicator for MT4
Key Features
- The multi-currency dashboard monitors several pairs from a single window.
- Displays potential profit targets based on real-time signal performance.
- Provides immediate buy and sell recommendations through a visual panel.
- Offers historical signal data to help traders verify current trade quality.
- Simplifies the workflow by consolidating technical analysis into one tool.
Indicator Chart
The chart displays the Virtual Trade Monitor indicator as a comprehensive overlay on the trading screen.
You can see the dashboard listing various currency pairs alongside their current trade status and the estimated pips gained from active or past signals.
The clear text and color-coded signals provide an immediate overview of which pairs are currently trending or reversing.
Guide to Trade with Virtual Trade Monitor Indicator
Buy Rules
- Monitor the dashboard for a new buy recommendation to appear.
- Confirm the signal is active on your preferred timeframe.
- Open a buy position immediately when the indicator triggers the signal.
Sell Rules
- Monitor the dashboard for a new sell recommendation to appear.
- Confirm the signal status is updated for the specific currency pair.
- Open a sell position immediately when the indicator triggers the signal.
Stop Loss
- Place the stop loss at the most recent local swing low for buy trades.
- Place the stop loss at the most recent local swing high for sell trades.
- Use the volatility of the specific pair to determine a safe stop distance.
Take Profit
- Close the trade when the dashboard removes the signal or shows a reversal.
- Target the profit levels suggested by the indicator’s virtual tracking.
- Maintain a minimum risk-to-reward ratio of one to two on all entries.
Virtual Trade Monitor + Zero Lag Moving Average Day Trading Strategy for MT4
This day trading strategy combines the analytical power of the Virtual Trade Monitor Forex Indicator for MT4 with the precision of the Zero Lag Moving Average Indicator for MT4.
The goal is to catch medium intraday trends by filtering dashboard trade recommendations through a responsive moving average.
This combination provides high-probability setups on the M30 and H1 charts for active day traders who want clear confirmations before entering a trade.
The Virtual Trade Monitor scans multiple currency pairs and displays real-time buy and sell signals on its dashboard.
When a new buy or sell recommendation appears, traders can cross-check the trend using the Zero Lag Moving Average.
This moving average filters noise and reacts quickly to price direction — if price is above the red MA line, the trend is bullish; if below, bearish.
By combining these tools, traders enter only when both indicators agree, filtering out low-quality signals.
Buy Entry Rules
- Wait until the Virtual Trade Monitor issues a new buy signal on its dashboard for your selected currency pair.
- Confirm that the price is trading above the red Zero Lag Moving Average line on your chart.
- Enter a buy trade at the close of the current candle after both signals align.
- Place the stop loss below the recent swing low or about 25–35 pips, depending on volatility.
- Take profit once the price moves 50–80 pips higher or when the dashboard shows a sell recommendation.
Sell Entry Rules
- Wait until the Virtual Trade Monitor generates a new sell signal for your chosen currency pair.
- Confirm that the price is below the red Zero Lag Moving Average line.
- Enter a sell position at the next candle close once both confirmations align.
- Place a stop loss above the latest swing high or about 25–35 pips, depending on the pair.
- Take profit after a 50–80-pip move or when a new buy signal appears on the dashboard.
Advantages
- Combines a multi-pair dashboard with precise price-based confirmation for more reliable entries.
- Works across all major pairs and time frames, especially on 30-minute and hourly charts.
- Zero Lag MA filters out weak reversals and helps traders follow real momentum.
- Clear and simple rules — easy to execute even for newer day traders.
Drawbacks
- Requires constant chart monitoring when multiple pairs are analyzed at once.
- Performance can drop in low-volatility or sideways conditions.
- Not ideal for scalping or long-term trading; designed strictly for day-trading rhythm.
Case Study 1: USD/CAD 1-Hour Chart
On the USD/CAD 1-hour chart, the Virtual Trade Monitor showed a new buy recommendation around 1.3620 during the early London session.
At the same time, price was trading above the red Zero Lag Moving Average, confirming bullish conditions.
A buy trade was entered at 1.3625 with a 30-pip stop loss.
Price advanced steadily to 1.3695 before slowing near resistance, producing +70 pips within the day.
The trade was closed once the dashboard turned neutral, locking in intraday profit.
Case Study 2: EUR/AUD 30-Minute Chart
Later in the week, the Virtual Trade Monitor signaled a new sell setup on EUR/AUD near 1.6420.
The Zero Lag Moving Average confirmed a bearish trend as the price traded below the red MA line.
A short position was opened at 1.6418 with a 35-pip stop loss.
The pair dropped to 1.6338 during the New York session, gaining +80 pips in less than six hours.
The setup demonstrated the effectiveness of filtering dashboard trades with a trend-sensitive moving average.
Strategy Tips
- Focus on London and New York sessions when price movement is strongest.
- Trade only when both tools agree as dashboard direction and MA trend must align.
- Use a trailing stop to secure gains when trades move strongly in your favor.
- Track 4 to 6 major pairs instead of too many because quality setups are better than quantity.
Download Now
Download the “Virtual trade monitor.ex4” indicator for Metatrader 4
FAQ
How does the “Virtual Profit” feature help my trading?
The virtual profit display shows you how many pips a signal would have generated if you had entered at the moment it was called.
This helps you gauge the current strength and reliability of the indicator’s logic for a specific pair.
It allows you to see if a pair is currently trending smoothly or if the signals are getting caught in a choppy range before you risk real capital.
Can I monitor all major currency pairs at once?
Yes, the Virtual Trade Monitor is specifically designed to scan multiple pairs.
You can customize the settings to include majors, minors, or even exotic pairs.
This removes the need to have twenty different charts open, as the dashboard centralizes the buy and sell recommendations into a single, easy-to-read list on your primary screen.
Summary
The Virtual Trade Monitor indicator provides a streamlined and efficient way to manage multiple currency pairs from a single interface.
Its ability to generate precise signals and track their potential profitability in real-time gives traders a significant advantage in identifying the best market opportunities.
Using this tool helps eliminate the confusion of jumping between charts and missing key moves.
