This consistent pattern of trading is one of the best ways the forex market stays alive and consistent throughout the workweek. The global market can vary in size, some are large and some are small. The main point to remember is that each market has a different number of transactions and employees. Therefore, each session is different due to its unique characteristics. Session highlighters effectively show the price action during a specific session.

These can be tracked by the minute or the hour. The session highlighter is able to draw a vertical line in the event a major session closes or opens.

This occurs on the price chart. Each specific trader can use colors in order to show various trading sessions and highlight them. It is also important to note that MT4 is one of the most prominent session highlighters. Forex volatility tools are used in order to show how much a specific currency pair moves.

Many traders will look at an average of 30 days. By viewing a 30 day average, traders can see specifics that give them insight into the best moves to make. This tool is able to show exactly how much a pair typically moves within a given hour of the day. By viewing general averages and previous statistics, traders can take calculated risks based on the information they observed. If the volatility has changed over time, traders have easy access to this information. By using forex volatility, a trader can gauge if the investment would reach its profit target.

Volatility tools do not disclose which direction a trade will go, but it will show how much the price moves. There are many tools such as the risk calculator that can be used by plugging in a time period, and the tool will provide the likelihood of the price staying within that specific range. Position summaries are proven to be helpful tools for revealing long and short.

By watching how the ratio subsequently changes as the price changes will provide a level of insight for future trades The main goal of all these strategies is to predict how the market will behave based upon past trends. Traders will exit these positions either at loss or profit. If a large majority of traders are long, this indicates that the majority have already bought. There are few traders left in this scenario to continue pushing the price.

Without anyone left to purchase, the prices move in the opposite direction. Short trades Total number of short sell trades taken during the report's period. Counted using closed positions. Shorts won Total number of short sell positions closed with profit 0 profit is also counted. Shorts lost Total number of short sell positions closed with loss.

Longs trades Total number of long buy trades taken during the report's period. Longs won Total number of long buy positions closed with profit 0 profit is also counted. Longs lost Total number of long buy positions closed with loss. Positions with SL Total number of closed positions that had a stop-loss level set. Positions with TP Total number of closed positions that had a take-profit level set. Average profitable trade Average outcome of a closed profitable position.

Average losing trade Average outcome of a closed losing position. Expected payoff Amount of money expected to be earned from one closed position. Calculated as net profit divided by total positions number. Largest profitable trade Maximum profit produced by one closed position.

Largest losing trade Maximum loss produced by one closed position. Measures how much profit you can earn takine 1-dollar risk. Maximum consecutive profit Maximum amount of money earned in a consecutive sequence of closed positions.

Maximum consecutive profitable positions by profit Number of consecutively profitable positions in a consecutive sequence of closed positions with a maximum amount of profit. Maximum consecutive profitable positions Maximum number of consecutively profitable positions.

Maximum consecutive profit by positions Amount of profit earned from a longest sequence of consecutive profitable positions. Maximum consecutive loss Maximum amount of money lost in a consecutive sequence of closed positions. Maximum consecutive losing positions by loss Number of consecutively losing positions in a consecutive sequence of closed positions with a maximum amount of loss.

Maximum consecutive losing positions Maximum number of consecutively losing positions. Maximum consecutive loss by positions Amount of money lost in a longest sequence of consecutive losing positions. Average consecutive wins Average amount of profitable positions closed in a row. Average consecutive losses Average amount of losing positions closed in a row.

Absolute drawdown Largest drop of the account balance below the initial balance value. Maximum drawdown Largest drop of the account balance below some previously reached balance level. Relative drawdown Largest relative expressed in percentage points drop of the account balance. Profit factor Gross profit divided by gross loss.

How many dollars you get for a dollar lost. Recovery factor Calmar ratio Calculated as net profit divided by the maximum drawdown. Measures the ability of a trading system to recover from losses. Sharpe ratio Measure of ratio between a received return and the experienced risk. Sortino ratio Measure of ratio between received return and the experienced downside risk.

Sortino ratio is a more useful version of Sharpe ratio. Ulcer index Measure of a negative volatility. After each closed position a current balance is compared with the maximum balance so far and then divided by the max balance and multiplied by Then every resulting value is squared and the arithmetic mean of squares is found; a square root of the result is Ulcer index. AHPR AHPR or Average Holding Period Return is an arithmetic mean of a relative gain per position.

GHPR GHPR or Geometric average Holding Period Return is an geometric mean of a relative gain per position. Standard Deviation Standard deviation of the absolute outcomes of the positions. Calculated without Bessel's correction.

Z-score and Probability Z-score measures the dependence of the trade outcomes from the previous trade outcomes. My understanding is that the MT4 report is all about MQL4, I am not quite sure. I am using now a different platform called T-vie Platinum and it would be great to have such tool as a report analyzer for it as well. If anybody knows about one different from MT4 I would appreciate it.

sounds great! Support analysis with excel solutions. It would be a total customized solution. I am currently back testing a strategy based on a price action indicator and I am really interested on using this excel report analyzer. Though I have a question about the platform, I know it is for MT4 but does it work regardless the broker? has it to be implemented on any particular one?.

I guess this report analyzer is for MT4 platforms. About brokers it seems it can be implemented as long as they offer MT4 platform. Download Forex Control Center from here. i have not really understand that indicate yet. but can somebody tell how to use. You agree to website policy and terms of use.

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Forex traders use a variety of tools in their day-to-day operations to help them advance. Typical price charts simply do not provide enough information for a forex trader to take calculated risks. The main source of information for forex traders comes from technical analysis tools. These tools serve the purpose of gaining additional insight into the market.

Technical analysis tools include statistics and chart overlays. There are a few different types of analysis tools. The following few tools are used on a consistent basis for successful trades all over the world by forex traders.

An MT4 session highlighter indicator shows the different trading sessions on MT4 charts such as the London, New York, and Asian FX Sessions. You can download the MT4 session highlighter indicator below. Download MT4 session highlighter. First and foremost, trading is open 24 hours a day during the week. At any given time within a 24 hour period, a major market is open in a city somewhere.

This is why it is very important for forex traders to trade at optimal times. Europe opens first, followed by NYC and then Sydney. Following Sydney is Tokyo. Before Tokyo closes, London has already opened. This consistent pattern of trading is one of the best ways the forex market stays alive and consistent throughout the workweek.

The global market can vary in size, some are large and some are small. The main point to remember is that each market has a different number of transactions and employees.

Therefore, each session is different due to its unique characteristics. Session highlighters effectively show the price action during a specific session. These can be tracked by the minute or the hour. The session highlighter is able to draw a vertical line in the event a major session closes or opens. This occurs on the price chart. Each specific trader can use colors in order to show various trading sessions and highlight them. It is also important to note that MT4 is one of the most prominent session highlighters.

Forex volatility tools are used in order to show how much a specific currency pair moves. Many traders will look at an average of 30 days. By viewing a 30 day average, traders can see specifics that give them insight into the best moves to make. This tool is able to show exactly how much a pair typically moves within a given hour of the day. By viewing general averages and previous statistics, traders can take calculated risks based on the information they observed.

If the volatility has changed over time, traders have easy access to this information. By using forex volatility, a trader can gauge if the investment would reach its profit target. Volatility tools do not disclose which direction a trade will go, but it will show how much the price moves. There are many tools such as the risk calculator that can be used by plugging in a time period, and the tool will provide the likelihood of the price staying within that specific range.

Position summaries are proven to be helpful tools for revealing long and short. By watching how the ratio subsequently changes as the price changes will provide a level of insight for future trades The main goal of all these strategies is to predict how the market will behave based upon past trends.

Traders will exit these positions either at loss or profit. If a large majority of traders are long, this indicates that the majority have already bought. There are few traders left in this scenario to continue pushing the price.

Without anyone left to purchase, the prices move in the opposite direction. COT report stands for Commitment of Traders report. This report shows data all the way back to The data shows the specific position of traders during a very significant market turn. This tool helps to anticipate changes and fluctuations. Download COT data MT4 indicators. Download Correlation indicators for currency.

Correlation and indicator tools are used in relation to direction, but can not anticipate price moves. Correlation is subject to change over time and measured within different times. Indicators are used with graphs and charts. Indicators can draw lines over price waves which helps traders focus on larger price moves and overall profit trading. Privacy Policy. Home Choose a broker Best Forex Brokers Learn trading Affiliate Contact About us.

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Tools Used by Forex Traders Best Forex Technical Analysis Tools Forex traders use a variety of tools in their day-to-day operations to help them advance.

Forex analysis tools. Author Recent Posts. Trader since Currently work for several prop trading companies. Latest posts by Fxigor see all. What is Deviation in Forex?

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Home » Technical analysis » Indicators » Download MT4 Session Highlighter And More — Forex Technical Analysis Tools. Spanish language. Download Correlation indicators for currency. Gross loss Total loss inflicted during report's period. Traders will exit these positions either at loss or profit. Losing positions Total number of losing positions closed, unless you chose to force-close open positions. Commission Commission charged for trade execution.

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