Trading utility SCOUT FX v.2.12 for Meta Trader 4 (released on 30/03/2022)
Start your acquaintance with Forex by observing the positions of traders!
Friends! Our company makes you a unique offer. We give you a completely free ScoutFX trading panel. This panel will show you the positions of most traders in the Forex market for all popular currency pairs, as well as volumes, percentage of open positions, prices of the largest accumulation of open buy and sell positions. With ScoutFX you can enter the market by opening a position or placing a pending order.
ScoutFX itself will determine the point of entry into the market, and with the help of an alert, in a pop-up window, it informs you about the possibilities of entering the market for each instrument separately.
If you thought before and could not make a decision whether to make money in the foreign exchange market or go back to work tomorrow for a small salary. Today is exactly the moment to start your journey into the world of investments through understanding how the foreign exchange market lives and how it moves.
The ScoutFX panel we offer works on all types of accounts, real and demo, in the Meta Tader 4 trading terminal. You can easily start learning and try your hand at demo accounts without investing real funds.
Be bold and determined! Don't put off until tomorrow! Download ScoutFX for free, open an account with a recommended broker (list of five brokers on the ScoutFX dashboard desktop) and start observing, learning and trading.
We wish you profitable trading in the forex market! See you at the Millionaire Club!
The ScoutFX Panel was created to make trading easier for traders who trade hands and make their own decisions about entering the market. This trading panel is an assistant in making a decision, indicating the choice, the mood of most traders. Using the presented data, the trader can easily decide on the direction of entering the market or make adjustments to his strategy using the ScoutFX Panel data as corrective or additional.
- Signal trading system with manual opening of positions
- Display of statistics based on reports on open positions of large / most traders for specified instruments for the last 7 days.
- Recommendations for making a decision to enter the market, upon reaching a given percentage of the majority of open positions on the market by volume in lots.
- Informing the trader about the price with the largest accumulation of open positions for buying and selling.
- Opening through the trader's panel, in manual mode, positions in the market or pending orders (BuyStop, BuyLimit, SellStop, SellLimit) at the levels of the largest accumulation of open positions
Detailed description of the program on the site soft4forex.com
Expected return, growth of balance in a year with reinvestment of the received profit.
Trading instruments, currency pairs used for trading in the presented strategy.
Few trading options exist for the potential losses limitation.
StopLoss - closure of loss making position by predetermined level in percents from the deposit, or in points range. This option is considered the most safe in trading.
Hedging - partial of full overlap of loss making position on account of profits gained with closed positions, in any direction and any traded instrument.
Averaging/breakeven - additional averaging position opening, in the same direction as loss making position. Following closure of all positions taking part in averaging, in total profit. This method is considered one of the most risk involving, with constant growing load of the deposit, in case if the trend is moving against the opened positions.
Martingale - averaging positions opening with exponential lot volume increase, in relation to previous loss position opened in the same direction. This method is considered the most risk involving, but at the same time, one of the most effective as well, if there is no long term trends on the market, such periods known as "flat market". We don't recommend to disregard the risk management recommendations, not to exceed the coefficient to more than 1.5 - 2.
Lock - market position opening on set range in points or in percents from the deposit amount. Lock position is opened in opposite direction from the loss making position, with the same volume, or with the same lot exponent. Volume of the lock position depends of the algorithm of trading strategy, and a purpose of the lock position in this strategy. Lock position can be used to prevent the deposit from drawdowns with trend reversals with following withdrawal in profit.
- StopLoss in points
Trading account type - Brokers are offering different account types with different trading conditions. One of them is difference in provided market price feed.
Standard - 4 digits past comma, in format of 1,1234.
Extended - 5 digits past comma, in format of 1,12345.
When determining the range of price movement in points, in analytics, projections and discussions, four digits after comma is taken into account.
Example : price went from 1,20002 to 1,30007, it means that the price change for 100 points(one figure). If to say that the price is in this case went for 1005 points, it will be wrong. As the fifth digit is not a whole point, but one tenth of a point.
- Extended - 5 decimal places (1,12345).
- Standard - 4 decimal places (1.1234).
The minimum amount of security for safe trade with a minimum position volume of 0.01 lot for each instrument used in the trade.