You can use this to get an daily trade ideas. This Forex Market Scanner will provide alerts in the table below when certain chart pattern occurs. At this moment, we have 4 Major Forex Pairs covered in EUR/USD, GBP/USD, USD/CAD, and USD/JPY.
And we have these Forex Pairs against some of the most popular and reliable chart patterns like Dark Cloud Clover, Three Black Crows, Shooting Star, Morning Doji Star, and Harami Cross to name a few. This Forex Market Scanner works on real-time and every time a pattern matches an indicator will appear in the chart below. And when you see a matching pattern, click on the Forex Pattern on the left to view the time frame that matches.
However, this is not to say that you enter into position whenever you see any matching patterns. You still have to do your due diligence by checking on your own MT4 platform. As always, we cannot emphasis enough that the lower time frames are less accurate as its highly volatile. Chart patterns (likemany MT4 Indicators) work much better when its on a longer time frame. Our preference is the 1-Hour or 4-Hour Chart. Like all new tools and new strategies, its always best to practice on demo accounts first before trading with your hard earned money.
If you need a reliable MT4 Platform,click here to open a Free MT4 Demo Account.
We hope that this Free Forex Market Scanner will provide new trade ideas for you daily. Have this page open when you start trading and wait for the matching chart pattern. If you like a market scanner that is way more advanced, then you should check out this Trend Scanner which we personally find awesome (when used correctly).
Let us know by commenting below what you think of this free scanner. We would love to hear from you.
Theres always a disclaimer in websites. But instead of having the usual legal terms drafted by lawyers, we are just gonna put this in plain English as we like to be casual.
You must know that past performance and future performance are not the same thing. Past performance is a track record of what has happened in the past and future performance might be very different from past performance. Anything that has done well in the past may not do well in future, who knows, right?
You have to use common sense sometimes and know whats real and whats clearly a scam. To our best ability, we put out only legit products and services on our website. You, and you only, have the power to make any investment decision. If you cannot take risk, sadly, any form of investing or trading is not for you. And please… the last thing we want to hear are complains or whining as it just reflects badly on you. You need to understand the risk in Forex and the Financial Market before getting involved.