Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex market hour monitor download trader. So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. Live Forex Market Hours Monitor:Reviewed, improved and updated on August 24, 2012. USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions. If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search.
Download Free Forex Market Hours Monitor v2. This is a simple program aligned to Eastern Standard Time. Time zone option is added for most of North American and European countries. Forex trading is a high risk investment.
All materials are published for educational purposes only. Forex Freeway indicator is based on CCI indicator. In fact, it analyzes multiple CCI – from several time frames. There are 4 “roads” of Forex Freeway,read from left to right – 15min, 30min, 1 hour and 4 hours.
The idea is to enter the market when all 4 CCI agree on a trend. A trader chooses which time frames to monitor. When all 4 roads of the Forex Freeway are green – Buy. When all 4 roads of the Forex Freeway are red – Sell. When adding Forex Freeway indicator to MT4 chart, be sure your chart has “Chart shift” settings on, otherwise you won’t see the indicator – it will have no room to paint itself on the right.
Once enabled, you’ll find a small triangle above your screen, see example below. You can move this triangle to adjust your charts shift. This one has additional horizontal lines across the Freeways roads, called “Road blocks”. When freeway is all red, look for a breakout below fractal support and then go short. The indicator needs room on the right side of the chart in order to be seen.
Make sure you’ve applied “Chart shift” property to the charts. I’m very new to meta trader 4 and would like to know if you could spare some time to explain how to download this indicator and implement it in MT4? Maybe this is a common question and you have written a small tutorial that I can look at. I find the script I get when I follow the download link here confusing as I have no knowledge as to this kind of computer language.