Trading terminal, account type Meta Trader 4, Standart, ECN, CENT, Pro and other with the terminal
* from +30% monthly approximate profitability
* around 360% annual - approximate annual profitability
StopLoss losses limitation
minimal deposit per used $100= 0,01 lot currency pair
currency pair - EURUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, EURAUD, EURJPY, AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, EURCAD, EURCHF, EURGBP, EURNAZD, GBPCAD, GBPCHF, NAZDCAD, NZDJPY, NZDUSD, USDCHF, CHFJPY, AUDCHF, GBPNZD, NZDCHF, CADCHF, GBPAUD
[ Description ]
ScoutFX Panel is created to make manual trading and decision making process easier for the traders who prefer manual trading. This trading panel will help you to make a market entry decision by displaying the majority of trades statistics. Using this data, trader can easily determine the market entry direction or to make corrections for used trading strategy based on statistics.
[ Strategy description ]
ScoutFX Panel notifies the trader about reached percent of sell or buy overtake for each instrument, via voice notification, special symbol displayed on the panel and pop up window with a message about what instrument needs your attention.
Traders panel allows to open market positions or pending orders with one click. Volume of position is regulated in trading settings, it can be set for fixed amount or the use of automated lot volume calculation in relation to the deposit size. Also you can set StopLoss and TakeProfit values in points or to fix the profits by the price of most opened trades accumulation statistics.
Info panel updates each time the price changes, with the distance of current price to the averaged price of opened buy and sell positions.
By using this panel, you can analyze the market situation and perform the market entry actions in few clicks. Scout FX panel offers much more functionality in comparison o the standard MetaTrader 4 panel for market entry. With the help of Scout FX panel you can open following positions with predetermined parameters in one click :
Market Buy, Sell positions
pending orders BuyStop, BuyLimit, SellStop, SellLimit. Trading panel will determine what type of pending order to use, in relation to the current price and the averaged price of trader's majority positions.
Recommendations on trading with ScoutFX Panel.
Main purpose of this software, is to rapidly inform the trader about volumes, price levels and statistics on other traders priorities with opened market positions on the most popular instruments/currency pairs.
In our trading, where we are using the manual trading method, our traders are using this panel as additional tool for decision making.
The strategy is very simple for understanding. And to get the profits, there is no need for complex technical and fundamental analysis. Everything was already done by the thousands of traders, trading on real accounts, on which the system is gathering statistics, on the lot volumes and opened positions. You can see how popular the currency pair is at the moment. You can set the update periods in settings of the ScoutFX panel (we recommend not to set it for more than 15 minutes).
Many are aware about this one market behavioural factor "Marketmaker's hunt for the stops of a small traders".
Here, we trade following this rule. When we get a signal for one of the instruments, at Monday, Tuesday, Wednesday we follow the choice traders made and are opening positions in the same direction(!). But at Thursday and Friday when getting a signal about set majority amount opened in one direction, we chose to enter the market in the opposite(!) direction. As the time of this "hunt" has began and the price is shortly, moving against the majority increasing the market volatility.
Statistics show that the possibility to gain profit using this strategy is exceeding 85-90% profit trades.
[ Profitability and risks ]
Profitability – from 30% per month or up to 360% annual with reinvested gained profits and minimal use of free funds.
Risks - loss limitation via StopLoss.
[ Architecture, modules ]
Indicators - technical analysis indicators are not used. Panel displaying statistics on the opened buy and sell trades volume, price of the most trades accumulation/averaged price of opened sell and buy trades, distance of the current price to averaged price of buy and sell positions.
Used TimeFrame - any. Panel can be used with any TimeFrame, currency pair can be switched by using the panel, with no need to open a separate chart for each used currency pair.
Money Management - automated lot volume control of the trading position that is calculated in relation to the account balance.
18 trading and additional settings are used.
Target for enter - targeted percent of statistics on trader's opened position overtake. The percent value is set, when reached, ScoutFX panel will inform the trader about the need for market entry decision.
Update period, min - update period. ScoutFX calls to the database for trader's statistics refreshes.
Symbols list - list of the instruments about which you need to get the statistics for. The list is continued past comma, without spaces. Not available in free version, only two pairs are used USD/JPY ; USD/CHF.
Volume fixed lot - fixed lot volume of opened market or pending position.
Volume percent lot - automated lot volume calculation for the opened market position or pending order in relation to the size of deposit. Not available in free version.
Take profit - desired TakeProfit volume in points (value is set for the 5 digit quotes). Not available in free version.
StopLoss - set value of StopLoss (value is set for the 5 digit quotes). Not available in free version.
Magic number - market position and pending order ID. Number must be unique, in case if other trading systems are used on the same trading account.
FontName - name of the front used to display information on the panel. System fronts are used.
Font size - front size. Three options are available Small, Middle, Big.
Bacground Color - background color of the trader's panel.
Text Color - instrument name text color, tab bars color, position opening button color and pending orders color.
Short Color - background color of the buttons to open market and pending positions to sell.
Long Color - background color of the buttons to open market and pending positions to buy.
More detailed description can be found in the manual of ScoutFX panel.
Advisor is compiled in .ex4 extension file. MetaTrader4 terminal must be updated for 1090 version or above for correct functions execution.
[ Currency pairs]
EURUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, EURAUD, EURJPY, AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, EURCAD, EURCHF, EURGBP, EURNAZD, GBPCAD, GBPCHF, NAZDCAD, NZDJPY, NZDUSD, USDCHF, CHFJPY, AUDCHF, GBPNZD, NZDCHF, CADCHF, GBPAUD - at this moment, the best results are reached with this instruments.
Any leverage can be used on trading account.