Forex traders mainly trade on the MetaTrader 4 or MT4 platform. Good indicators and templates are essential for MT4 users. They provide an easy way to measure the performance of a trading system over time. Indicators can help traders analyze market trends, and detect entry and exit points. They also set stop losses and take profit levels, identify movements in the markets that could trigger favorable trades, etc. Similarly, templates help ensure consistency across all trades so that investors can repeat their success. Let me gift you one such good indicator set for MT4 – Ultimate Pro Trader.
What is Ultimate Pro Trader?
Ultimate Pro Trader is a forex signal software that gives signals based on New York market openings. Forex Invincible, a forex trading company has developed it. The MT4 indicator scans your desired time frame and generates buy and sell levels. It also defines targets and plots your profit target levels.
Features of the Ultimate Pro Trader
The piece of software takes 1:3 as the risk-reward ratio which means your target will always be 3 times more than your stop level. There will be a 3-level profit-taking point as well as you can also set your goal to maximize your profit point.
Ultimate Pro Trader is a MetaTrader indicator (ex4 file) and it plots very beautiful buy and signal levels along with definite target and stop-loss.
Visual Representation of the Buy-Sell Levels
Check the image below to see how the indicator generates highly accurate buy-sell levels with 3 buy targets and 3 sell targets. You can download the indicator FREE from below.
You can clearly understand that the blue zone refers to the buy area and the red zone refers sell area. When the price is inside the neutral zone, i.e. white you can pre-fix your buy-sell levels along with target and stop loss as per the commentary shown in the image. Your questions on this topic will be appreciated in the comment section below.
The Download Link for Ultimate Pro Trader
Your FREE download will contain the MT4 indicator (ex4 file) + installation guide. You can download the indicator from here.
Conclusion
By using good quality indicators and templates on Metatrader 4 platform users will be able to maximize their returns from trading with greater confidence. Furthermore, these features also enable strategy backtesting which allows risk assessment before executing any real money positions. In conclusion, we hope our gift of the Ultimate Pro Trader indicator will add more value to your forex trading arsenal.
