- November 12, 2023
- Posted by: Forex Wiki Team
- Category: Forex Trading System
VirtualTradePad MT4 Extra Review
VirtualTradePad MT4 Extra is a powerful trading system designed to give traders unprecedented control over their trades. With a focus on mastering the system quickly and implementing effective risk management, this product provides the tools necessary to become a successful and profitable trader.
Best Brokers List
VirtualTradePad MT4 Extra works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:1000||$5||ASIC, CySEC , IFSC|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
VirtualTradePad MT4 Extra Settings
Components of the System
1. FML Super Dashboard Indicator
The core tool of the system, the Super Dashboard Indicator, is divided into four major parts: Volatility, Formation, Confirmation, and Trade. This dashboard provides a comprehensive overview of the market, helping traders make informed decisions.
2. FML Super Signal Indicator
The Super Signal Indicator is the key feature, utilizing supply and demand alongside a custom swing formula to predict market turning points. "Green Arrows" signify potential upward moves, while "Red Arrows" indicate potential downward moves. Confirming turning points is crucial before entering a position, made easy with the Dashboard and Super Signal Indicator.
3. FML Expert Exhaustion Indicator
This indicator offers insight into market exhaustion during a trend. A yellow dot on the chart signals a potential shift in momentum, guiding traders on when to scale out open trades and anticipate the end of the current cycle.
4. FML Confirmation Indicators
The system includes two confirmation indicators: FML MSC and FML SSC, specifically designed for use with the Super Signal Indicator.
- FML MSC Indicator: Combines custom MACD and MOMENTUM indicators, with a white line based on stochastic RSI. Green bars with the white line below 30 indicate bullish setups, while red bars with the white line above 70 suggest bearish setups.
- FML SSC Indicator: A combination of Stochastic and Volume indicators, represented as a histogram. Green bars indicate bullish setups, while red bars signify bearish setups.
5. FML HiLow Stops
The HiLow Stop Indicator assists in identifying and placing initial stop-loss orders by using custom fractals to identify potential highs and lows in the market.
6. FML Channel
This component adds further depth to the system, enhancing its overall functionality.
Long (Buy/Bullish) Trades
Step 1 — Trend & Volatility: Check the trend on the "FML Super Dashboard" for both the 1 Hour (H1) and 4 Hour (H4) charts. For a conservative bullish setup, both charts must display a green trend.
Step 2 — Formation: Click on the "Long Setups Scan Off" button under the Formation section on the Dashboard.
Step 3 — Confirmation: Wait for the Confirmation MSC and Confirmation SSC to display a green "Confirmed" label.
Step 4 — Enter The Trade: Once confirmed, use the "Setup Your Trade Button" to initiate the trade.
VirtualTradePad MT4 Extra empowers traders with a comprehensive set of tools and indicators, allowing for effective market analysis and strategic trading. By following the outlined rules, traders can navigate the forex market with confidence, whether opting for a conservative or aggressive approach. Mastering this system opens the door to profitable and informed trading strategies
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