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Trade the markets with FX Blue Labs In 2023

Trading the forex markets can be a confusing process. If you’re looking for a way to trade them that helps you focus on the right information, FX Blue Labs has the tools you need. It’s designed for traders, by traders, to help with your execution and analysis.

Trade the markets with powerful and easy-to-use widgets

Customize your trades with cutting-edge widgets, trading apps, and charts

FX Blue Labs is a leading provider of apps for the FX and CFD markets

These apps give traders institutional quality tools over and above those provided in the underlying trading platform

The tools help people trade with top efficiency and confidently make more informed trading decisions, covering every style and need

Trading Forex With FX Blue Labs Products In Three Steps

Forex Trading Apps

FX Blue Labs has built a catalogue of multi-platform, multi-lingual, market-informed apps that help brokers promote and distinguish themselves. Additionally, at the same time, it helps traders optimize the way they trade to be more successful. These apps give traders institutional quality tools over and above those provided in the underlying trading platform.

1. Alarm Manager

Essentially, the Alarm Manager is a set of building blocks that you can use to create a completely personalized and automated trading companion. For example, you can use it to take automatic action when an event occurs or when you want to be notified when something is happening on your account and in the markets.

Account Alarms
Alarm Manager

2. Correlation Matrix

The Correlation Matrix shows the correlation between symbols over a configurable timeframe and some bars, for example, the last 100 H1 bars. It is usually measured on a scale from -100 to +100, where +100 means that the price movements in symbols A and B have been identical (“positive correlation”) and -100 means that the price movements in symbols A and B have been exactly opposite.

Correlation Matrix

3. Correlation Trader

The Correlation Trader shows the correlation between symbols over a configurable timeframe, e.g. recent H1 bars. The Correlation Trader helps you to identify symbols with strong or weak correlations and to trade emerging differences in the correlation.

Correlation Trader

4. Excel RTD

 The Excel RTD app lets you put real-time data into Excel using only Excel’s RTD function – there’s no need to use macros, programming, or XLL add-ins. Additionally, you can send simple trading commands from VBA code in Excel. The app is supplied with an example spreadsheet that lets you enter up to 5 account numbers and then automatically displays a dashboard of equity and balance, symbol prices, and a consolidated list of open positions.

5. Market Manager

Using the Market Manager, you get a bird’s eye view of the fundamental elements to be on top of markets. In addition to the watch list that facilitates price and position monitoring, you can access headline information on several fronts. Open tickets and full editing capabilities also get unlocked, alongside a summary of recent price activity on a symbol.

Market Manager

6. Mini Terminal

With the Mini Terminal, you get the large buttons everyone likes to push – this time, for buy and sell actions. The MT4/5 interface will get an additional status indicator that shows your current net position, and you also gain control over lot size, stop-loss, take-profit, and trailing stop.

Mini Terminal

7. Sentiment Trader

As straightforward as it sounds/your biggest sentiment – with direct percentages on current and historical positions in a symbol placed by other traders. These are the long and short sentiments you get.

Sentiment Trader

8. Session Map

Time orientation is the keyword here. Your time concerning institutional dealers’ core active hours of trading. Those are the sessions in Sydney, Tokyo, London, and New York.

Session Map

9. Stealth Orders 

Shrouded in mystery, you bypass pending orders and buy or sell at the current market price. The same goes for stop-loss, take-profit, and others – your entry and exit levels are hidden from the market.

10. Tick Chart Trader

Have you ever got a tick? With the Tick Chart Trader, you go over various tick chart styles and learn how to quick-trade with a keyboard or mouse—no historical tick data. Tick chart compilation begins from the moment the app is running.

Tick Chart Trader

11. Trade Terminal

Open a chart for any symbol in MT4/5, add the Trade Terminal expert advisor, double-click it from the Navigator list or drag it onto the chart, and voilà – you’ve got yourself a Trade Terminal set up.

Trade Terminal

Is  Forex Trading Profitable

Read A 2023 Beginners Guide To Buying And Selling Currencies

Indicator Package

A package of useful, commonly-requested chart indicators is available for MT4 and MT5.

1. Donchian Indicator

Monitor the Donchian channels with standard calculation, such as the average of the last N highs/lows, and configure their range by a percentage or a multiple of ATR or SD. Observe values from a higher timeframe than the current chair and get alerted when the price breaches any of the Donchian values’ two extremes.

Donchian Indicator

2. Chart-in-Chart Indicator

Your chart section compares price action on the main and against the subsidiary chart symbol. There is no limit to the copies of the indicator that you can insert within a chart, as the goal is to have it display all the extra symbols you need.

Chart-in-Chart Indicator

3. Chart Group Indicator 

Faster and more efficient view switching compared to the MT4/5 experience. This indicator groups Charts in a way that they are linked, and any changes made to the symbol on one chart are automatically made to all connected charts. Not only that but timeframe synchronization also becomes possible across all charts. Set up as many groups of charts as you wish, and use the colour palette to distinguish between them.

Chart Group Indicator

4. Candle Countdown Indicator

It’s the Candle Countdown – the remaining time in the current bar is displayed by this indicator. Before going into Input settings and changing it to display another timeframe, it will show the timeframe of the chart on which it is running. If you want more bar timeframes, create multiple copies of the indicator, and each one can alert you when it is about to end.

Candle Countdown Indicator

5. Bar Changer Indicator

Fully customize your bar data by creating a modified offline version of any chart on MT4. With the Bar Changer, you can adjust the time of each bar, invert or adjust the price to thousands, and select specific periods to exclude parts of each day.

Bar Changer Indicator

6. Mini Chart Indicator

No more switching between MT4 charts – see price action on multiple instruments and/or timeframes by clicking and dragging to adjust the size of a sub-window chart inside the main one.

Mini Chart Indicator

7. Renko Bar Indicator

Draw blocks on normal MT4 time-based charts for visibility over gaps in time frames and create offline charts with only Renko blocks, be they continuous or separated. The indicator can also create an offline MT4 chart containing only the Renko blocks – a more traditional Renko chart that is not time-based like a normal MT4 chart.

Renko Bar Indicator

8. High-Low Indicator 

Pick the number of bars and the timeframe to let the High-Low indicator show you the highs and lows on a chart. With multiple copies, you gain visibility over different levels and can even choose to look at open/close prices. If you prefer to check specific daily time ranges and receive alerts when a price breaches a historic lol or high, this indicator will allow you to do it.

High-Low Indicator

9. Freehand Drawing Indicator

Mark and highlight events on MT4 charts for ongoing live webinars or distribute screenshots that would facilitate the process for your clients. You can draw freely with your mouse, customize colours with your keyboard, and always go a step back if things go south.

Freehand Drawing Indicator

10. Gravity Indicator 

When utilising the Gravity Indicator, market activity gravitates around you for effortless monitoring of support and resistance areas based on previous price action. Stronger and weaker activities are colour-coded to show everything clearly. You choose what to focus on – draw from the current time onwards with all price activity to date or set a specific start time only to view the price movements you are looking for.

Gravity Indicator

11. Keltner Indicator 

Displays Keltner channels, similar to Bollinger’s bands – the difference being in size, with channels being based on ATR instead of the standard deviation. If a price crosses a lower or upper channel, you can be alerted immediately.

Keltner Indicator

12. Linear Regression Indicator

Plain and simple – you choose the number of N bars, and the Linear Regression indicators show you a best-fit line through their close prices, highs, or lows. All three can be shown simultaneously with multiple copies; forming a channel and selecting different timelines gives you a broader choice of regression.

Linear Regression Indicator

13. Magnifier Indicator

Select the bars you wish to see in detail from a lower timeframe and zoom in on them in a customizable sub-window. Drag the Magnifier and go around the chart, zooming in on any relevant historical periods.

Magnifier Indicator

14. Order History Indicator

History of trades – of your trades. This is what the Order History displays. Entry and exit prices and times, bands showing you are in and out points on the market.

Order History Indicator

15. Period Converter Indicator

Connect unsupported and native timeframes in an offline MT4 chart, similar to the platform’s in-built PeriodConverter, but with continual updates rather than a one-off data conversion.

Period Converter Indicator

16. Symbol Info Indicator

A symbol status overview in a draggable sub-window inside your MT4 chart shows price changes, distance from recent highs and lows, and extra indicators showing up and down signals of various timeframes. No limit to the number of copies – the more you want to see, the more you get in your combo of settings.

Symbol Info Indicator

17. Pivot Indicator

The classic pivot calculation is based on historical price, with a twist – 3 support and resistance levels on either side of a central pivot price. Any timeframe goes, and alerts can follow you for rapid reaction to the current price crossing a support or resistance level.

Pivot Indicator

For more information about forex trading or anything related to the foreign exchange market, check out our other articles.

Disclaimer:
All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Author

  • Zahari Rangelov

    Zahari Rangelov is an experienced professional Forex trader and trading mentor with knowledge in technical and fundamental analysis, medium-term trading strategies, risk management and diversification. He has been involved in the foreign exchange markets since 2005, when he opened his first live account in 2007. Currently, Zahari is the Head of Sales & Business Development at TraderFactor's London branch. He provides lectures during webinars and seminars for traders on topics such as; Psychology of market participants’ moods, Investments & speculation with different financial instruments and Automated Expert Advisors & signal providers. Zahari’s success lies in his application of research-backed techniques and practices that have helped him become a successful forex trader, a mentor to many traders, and a respected authority figure within the trading community.