Zoomer PRO is a free dashboard indicator for Metatrader 4 that provides buy & sell trade entries based on the best trends found across multiple time frames.
The indicator appears as a dashboard in a separate chart window.
To make it easy for traders, Zoomer PRO will indicate whether to go long or short (based on its analysis).
Key Points
- Buy & sell dashboard indicator
- Multi-time frame analysis
- Easy to follow the signals
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as an MTF trend confirmation tool.
Free Download
Download the “Zoomer_Pro.mq4” MT4 indicator
Indicator Example Chart
The GBP/USD 15-minute chart below shows the Zoomer PRO indicator in action.
Basic Buy/Sell Trading Signals
BUY:
- A buy signal is given when the “LONG” notification appears on the bottom chart.
- Set stop loss below the previous swing low.
- Exit the buy trade for a predetermined profit target or use a risk to reward ration of 1.5 or better.
SELL:
- A sell signal is given when the “SHORT” notification appears on the bottom chart.
- Set stop loss above the previous swing high.
- Exit the short trade for a predetermined profit target or use a risk-to-reward ratio of 1.5 or better.
Download Now
Download the “Zoomer_Pro.mq4” MT4 indicator
Enhanced Trading Strategy: Combining Zoomer Pro Indicator with RSI
Overview
To improve the reliability of trade signals, this strategy integrates the Zoomer Pro Indicator with the Relative Strength Index (RSI) indicator.
The Zoomer Pro Indicator provides buy and sell signals based on multi-timeframe trend analysis and the RSI offers insights into market momentum, helping to confirm potential trade entries and filter out false signals.
Required Indicators
- Zoomer Pro Indicator: Displays buy and sell signals based on trend analysis across multiple timeframes.
- Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements, helping to identify overbought or oversold conditions.
Trading Rules
Buy Setup
- Wait for the Zoomer Pro Indicator to display a “LONG” signal on the chart.
- Confirm that the RSI (14) is above 50, indicating upward momentum.
- If both conditions are met, enter a long position.
- Place a stop loss below the recent swing low.
- Set a take profit target based on a risk-to-reward ratio of at least 1:2 or exit when a “SHORT” signal appears.
Sell Setup
- Wait for the Zoomer Pro Indicator to display a “SHORT” signal on the chart.
- Confirm that the RSI (14) is below 50, indicating downward momentum.
- If both conditions are met, enter a short position.
- Place a stop loss above the recent swing high.
- Set a take profit target based on a risk-to-reward ratio of at least 1:2 or exit when a “LONG” signal appears.
Tips for Implementation
- Apply this strategy on timeframes of 1 hour or higher to reduce market noise.
- Use additional tools like support and resistance levels to identify optimal entry and exit points.
- Always test the strategy on a demo account before applying it to live trading.
Strategy Conclusion
By combining the Zoomer Pro Indicator’s trend signals with the RSI’s momentum analysis, traders can enhance the accuracy of their entries and exits.
This integrated approach aims to provide more reliable trading opportunities by confirming potential trends with momentum indicators.
Indicator Parameters & Settings
Colors, style
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: signals
How to install the Zoomer PRO Forex indicator in Metatrader 4?
- Copy and paste the Zoomer_Pro.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
