The Supply and Demand Dashboard PRO for MT4 is a powerful tool that analyzes multiple symbols across 9 timeframes. It provides key insights, including filtered supply and demand values, distances to zones, and alerts for zone activity. Highly configurable, it aids traders in making informed market entry and exit decisions.
Advantages of Supply and Demand Dashboard PRO MT4
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Powerful Multi-Symbol and Timeframe Functionality
The Supply and Demand Dashboard PRO MT4 is an exceptionally powerful tool designed to operate across multiple symbols and supports up to 9 timeframes, enabling traders to effectively analyze the market from different perspectives.
Enhanced Overview of Market Conditions
This dashboard is built upon the acclaimed Advanced Supply Demand indicator, providing a comprehensive overview of key trading data:
- Filtered Supply and Demand values with zone strength ratings.
- Pips distances to and within zones, allowing for precise positioning.
- Highlighted nested zones, helping in identifying key levels more effectively.
- Four types of alerts for various trading scenarios across all nine timeframes.
- Highly configurable settings tailored to individual trading strategies.
Your Benefits at a Glance
Understanding where to enter and exit the market is essential. This dashboard provides critical insights:
- Best Entry Levels: Make your trades near strong supply/demand zones for optimal risk/reward ratios.
- Effective Stop Loss Placement: Protect your investments by placing stop losses above/below strong zones.
- Strategic Profit Targets: Utilize the next supply zone for exits on buy orders and the next demand zone for sell orders to maximize profit margins.
Strategic Filtering of Zones
The dashboard intelligently filters strong and weak supply/demand zones, ensuring traders focus on areas with significant price imbalance, where moves in price are most likely to occur. This feature increases the likelihood of capitalizing on sudden market shifts.
Advanced Alert System
The dashboard includes four specialized alerts:
- A new zone appeared.
- Price entered a zone.
- Price left the zone.
- The zone is broken.
Customize your alerts based on nested zones, specific timeframes, and symbols to further enhance your trading experience.
Visual Features for Quick Analysis
The dashboard provides user-friendly visual indicators that help traders quickly assess market conditions:
- Display of supply and demand prices, along with pips distance indicators.
- Color coding to signify zones’ freshness, and strength ratings to assess viability.
- Interactive chart features that allow easy navigation between different timeframes and symbols.
Strategy Tester Compatibility
For those looking to backtest strategies, the dashboard is compatible with the MT4 strategy tester, though a special setup is required due to its multi-symbol and timeframe capabilities.
Conclusion
The Supply and Demand Dashboard PRO MT4 significantly enhances a trader’s ability to make informed decisions in the financial markets. By combining comprehensive data analysis with advanced alerting capabilities and intuitive design, it is an invaluable tool for both new and experienced traders.
For more information, visit the User Manual. If you’re new to supply and demand trading, check out this blog post for insights and tips.
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