Forex Scanner – Best Trend Indicator MT4 (100% Free)

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Forex Scanner - Best Trend Indicator MT4 (100% Free)

Forex Scanner  Description

Forex Scanner is a flexible indicator that combines numerous breakout points as entry indications with a trend-following method.

A new trend that has already taken hold offers a number of access points for anybody who wants to properly traverse it. Retracement criteria are employed to steer clear of less significant entrance locations.

 

⚙️ Category: Indicator
Platform: MT4
Currency Pair: Any Pair
Trading Time: Any Session
⏰ Timeframe: Any Timeframe
Rating: B / ★★★✩✩

 

Best Brokers List 

The Forex Scanner works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
Forex Scanner - Best Trend Indicator MT4 (100% Free) 1Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
Forex Scanner - Best Trend Indicator MT4 (100% Free) 2Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
Forex Scanner - Best Trend Indicator MT4 (100% Free) 3Register2009
🇧🇿 Belize
1:2000$10FSC
Forex Scanner - Best Trend Indicator MT4 (100% Free) 4Register2009
🇧🇿 Belize
1:3000$1IFCS
Forex Scanner - Best Trend Indicator MT4 (100% Free) 5Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
Forex Scanner - Best Trend Indicator MT4 (100% Free) 6Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
Forex Scanner - Best Trend Indicator MT4 (100% Free) 7Register2011
🇬🇧 England
1:500$25CySEC
Forex Scanner - Best Trend Indicator MT4 (100% Free) 8Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Trend Indicator Setting

Forex Scanner - Best Trend Indicator MT4 (100% Free) 9

 

Characteristics

To clearly describe the market trend, it incorporates many market factors into a single equation.
Using local maxima and minima, a rectangular box containing entrance signals is created to effectively indicate entry spots.
The indicator only offers a number of performance indicators while measuring the accuracy of its signals.
A multi-timeframe dashboard is also included, which scans all possible periods and shows the established trend's direction for each one.

 

Forex Scanner - Best Trend Indicator MT4 (100% Free)

 

Signal period: This integer number controls the entering signal's amplitude.
An integer value called the "Trend Period" is used to determine the main trend's direction.
Display the Multi-Time Frame scanner dashboard by selecting Show MTF Dashboard.
Performance Analysis: displaying/obscuring the performance analysis indicators (including MFE trend lines).

 

Trend Indicator Free Download

We highly recommend trying the Trend Indicator for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

Get Trend Indicator

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.