Trade is all about making profit while there is also risk why? This is game of timing if traders can understand trading time so there will not be a risk exposure.
Timer indicator for mt4
Time works as when trend or bar going to starts, when to place trade or when stop trade. All of these points can be covered with an indicator that is called timer indicator.
What is Timer indicator for mt4?
Timer indicator for mt4 is a trader for Meta Trader platform is most advance indicator that allow traders to set a timer on next candle out. It has advance feature to notify traders before a bar form.
This is simple but technical indicator that collect market information and present on chart and show timer on candles head. This indicator process continuously for running timer. Timer indicator show current time position in relation to the beginning and the end of the bar in a time duration.
Uses of Timer Indicator for Meta Trader 4:
- Timing is very important in trade so we are going to explain so of uses of timer indicator for a trader.
- While trade even a minute or second is important, if we enter a trade late or miss a signal signals it can be bad trade.
- It helps trader to feel free while there is time in new candles.
- It helps traders to prepare their mind before a new car appears.
- It helps to find when the trends out and close, or whether market is going to change its trend.
- It gives an additional feature in the form of extended window that clarify time in every aspect.
- Timer indicator show how much time left in candle break out up or down.
The notifications available are timer indicator:
- Via Email
- Mobile App alert notifications.
Qualities of Timer indicator for mt4.
- Platform are: Meta Trader 4 and 5
- Use different colour candles (any colour) on graph.
- Timeframe: short term few minutes, few hours and day, higher time is preferred.
- Trade time: any
- Currency pairs: any (EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, GBP/JPY, EUR/JPY, AUD/JPY, USD/CHF, XAU/USD)
- Recommended brokers: IQ option, Forex4you, Alpari.
- Alert: 60 for true and false out.
Important points to keep in mind while using Timer Indicator:
Timer helpful in closing time of bar so, traders never miss a new bar. It gives traders a relax and safe trade as traders do not have to look on chart again and again for new candle. It works well with every time frame. Timer indicator is helpful tool with respect of time but it does not have other features so traders must combine it with other indicators to confirm trade. It is very useful in trade and provide timely alerts and timer indicator is excellent, it is accurate and helps a lot in timing. It helps to identify time before opening a bar for that it has to work continuously and it ceases time by time that is biggest drawback for it.