Smart Order is designed to increase your trading speed and improve the process of managing your positions. Smart Order extends the functions of MetaTrader 4 allowing you to open and close positions with just one click. You can place OCO (One cancel the other) orders, schedule the closure of all your positions by equity or at a date and time that you have specified. This unique trading tool allows you to be faster than ever. It can use multiple functions simultaneously. If you are active when trading the capital markets and pips matter to you, then this is your tool.
Other functions include:
Close all open trades
Delete all pending orders
Close all orders with one click
Stop and reverse all orders with one click
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SmartLine is a state-of-the-art, yet easy-to-use, application for MetaTrader 4/5 enabling automated execution in the chart based on pre-defined Trendlines. This new add-on takes away the hassle of monitoring every price movement and trend formation, as it does it all for you. As soon as the price of your instrument of choice crosses the Trendline you’ve set, an order is placed with no delay in time. This is a great tool that not only saves time and helps you to identify entry points for buy and sell orders but also delivers a precise execution with no delay in time.
With SmartLines you can manage multiple charts simultaneously, with pre-set automatic Stop Loss / Take profit set up for each one. When drawing Trendlines on the MetaTrader 4/5 charts, you can add a name, description, style, and value for easier identification.
Use chart Trendlines to give your trading new enhanced possibilities. SmartLines for MetaTrader is a versatile easy-to-use trading tool for trading directly from the chart. It gives you the possibility to draw execution triggers formed by any Trendline directly into the chart. Positions will be automatically opened when your Trendline is crossed.
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SmartTemplate, an extensive indicator tool for MetaTrader 4 to help traders make calculated trading decisions. Unlike most indicators on the market, the new SmartTemplate offers simple but highly effective features. Rather than using complex mathematical formulas, the add-on indicates unique long and short trading opportunities based on chart signals and puts them in context with the respective trend strength. Not only does it provide explicit bar chart signals, but it also defines the clear time frame to trade.
SmartTemplate monitors some of the most important parameters in the market as well as several indicators.
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This module is one of the most advanced technical analysis tools available in MetaTrader4. Bringing together chart retracements and market trend analysis, this indicator offers a simple overview of markets.
SmartForecast automatically calculates both short and long-term resistance and support. It also indicates volatility levels and market trends. Particularly important, however, is that it gives you a price evolution scenario with three targets that change in real-time.
This tool uses some of the SmartTemplate technology and is already an essential indicator for the MetaTrader 4 platform.
The SmartForecast gives you three consecutive target prices. Please note that their places on the chart are not indicative of the time that those prices will be reached and can be reached at any time. Price 1 is calculated using the short-term resistance and support lines. Price 2 is calculated using the long-term resistance and support lines and Price 3 is calculated based on the assumption that Price 2 has been confirmed. Although SmartForecast gives the best investment scenarios when looking at the long term, you can also use it for short-term forecasts.
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SmartPattern is a powerful indicator for the MetaTrader 4 and MetaTrader 5 platforms. This amazing tool automatically detects chart patterns, scans historical data to find recurrences, and generates detailed statistics about potential upcoming market movements. All data can be easily and clearly identified on your charts, helping you save time and highlighting trade opportunities that may otherwise be missed.
The tool has been specially designed to fit all kinds of traders – from beginners to experts – and can be used on all chart timeframes to increase forecast possibilities.
SmartPattern is the perfect solution for traders believing that history repeats itself!
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6. Pivot Points Indicator
Pivot Points are often used by professional traders as a predictive indicator of market movements. This famous indicator for both MetaTrader 4 and MetaTrader 5 platforms is with 3 levels of Support and Resistance.
The lines displayed on the chart represent the Pivot Point (Orange) as well as Support and Resistance levels (Dark Blue, Maroon, and Green). If the price is above the Pivot Point, the market is usually considered bullish, whereas a price below the Pivot Point is usually seen as a bearish market. Supports and resistances help determine potential reversal levels of the current market trend.