Indicators of trading sessions for MT4 in trading is one of the most important parameters. Each time period has its own characteristics, characteristics, market liquidity and volatility. The future profitability or loss for the currency speculator also depends on all these parameters. Therefore, traders and experts have specially developed tools for certain market phases and trading sessions.
Types and working hours of trading sessions
When making money in the financial markets, as in any other business, it is imperative to take into account a variety of external factors in order to understand how to trade Forex correctly. The trader devotes the greatest time to developing and testing the trading technique with which he plans to earn in the future. In his strategy, he takes into account a variety of parameters ranging from market phases (consolidation, trend, accumulation, impulse movement, flat) and ending with the time period for which his technique is created.
All traders know that depending on the market condition, a certain strategy is chosen, which necessarily takes into account in which trading session the market is currently located. The greatest movement, according to traders, occurs during the London and American sessions.
Opening hours of trading sessions (Moscow time +3 GTM):
- Asia - from 03:00 - 11:00.
- Europe - from 09:00 - 17:00.
- America - from 16:00 - 24:00.
- Oceania - from 01:00 - 09:00.
This is a winter time schedule, for the summer period you need to add plus 1 hour. As you can see from the schedule on the "Forex" there are 4 trading sessions.
Features of trading periods
The beginning of each trading day in the financial market is the Asian session. It is she who opens the auction. Asia is characterized by reduced volatility and the market is at that time in a calm state. During the Asian session, there are never strong impulses or big trends. During this period of time, the movement in many currencies is quite predictable, they are traded in the lateral range, thus forming a flat.
Europe and America are the main engines of the market. It is during the European session that there is a strong movement and big trends, often which go into the long term. If the trader has determined the right direction of quotes, then he can get the maximum daily profit (for the short-term) and further increase in profit in the long term.
The trading day ends with an Ocean session, which is also characterized by low volatility and predictability of market movements.
Session Indicators
Quite often, traders are so keen on trading that they forget to control sessions. In trading, the opening and closing of a period is a very important parameter, since many techniques are designed for certain market phases. Experts, developers, or simply experienced traders specially create tools that allow you to remember about trading sessions. And that means, in time to open or fix positions.
Most often, trading session indicators for MT4 are created, as MetaTrader is one of the most popular trading platforms. They may look different:
- in the form of a table directly on the chart;
- as a period separator (vertical lines);
- like certain rectangular or square areas and other options.
Such indicators can be displayed not only on the chart, but also in a separate window, at the bottom of the trading platform. The article below will present a list of the most popular trading session indicators for MT4.
Tool List:
- Avto Sessions indicator - is displayed on the chart in the form of rectangular multi-colored areas, at the top of which the number of points passed by the price during the session is indicated.
- Forex Sessions indicator - located below the chart in a separate window and presented as dotted multi-colored lines, where each color reflects a specific trading period.
- The i — Sessions indicator is located directly on the trading chart and highlights the time of sessions with colorful rectangles or squares.
- JF Tradinkg Times indicator - this tool divides the beginning and end of each trading session with vertical lines.
- Market Taime Indicator - its location on the chart in a separate information window. It is very convenient, practically does not take up space, and can be reflected in different colors, which the trader likes.
All these indicators of trading sessions for MT4 do not require any special settings. The only thing that can be changed, at the discretion of the trader, is this display color or time zone, if it does not match.
Description of the MetaTrader trading platform
One of the most popular trading platforms for trading with traders and investors is MetaTrader. There are 2 versions of this site: MetaTrader4 and MetaTrader5. They are practically no different, but in the second version, developers added additional tools: a “glass of prices”, an increased number of timeframes and other parameters.
The trading platform is divided into several areas, each of which performs a specific function. At the top are displayed:
- file;
- view;
- insert;
- schedules;
- service;
- window;
- reference.
In the "file" section, you can select functions such as creating a new chart, go to the data directory, connect to a new trading account. In the "view" section, a toolbar is displayed:
- data window;
- navigator;
- terminal;
- strategy tester and more.
In the "insert" section you can find various graphical tools, such as:
- lines;
- figures;
- Badges
- channels
- text label and other tools.
All of them are required in a graphical analysis of market movement. Below is a quick access panel that the user can configure himself. Here you can find the most diverse tools for trading, namely the technical "beacons". By the way, after installing on the platform, the aforementioned indicator of trading sessions for MT4, it will be displayed here.
Here you can also select the timeframe, chart type (candles, bars or line), increase or decrease the chart, the crosshair tool and other necessary functions. And even lower is the chart itself. Under it, indicator windows selected by the trader can be displayed, as well as information on the status of the trading account (balance, profit / loss, margin).
Advantages of MT4
According to traders, MetaTrader is a very convenient trading platform for Forex. The following characteristics can be attributed to its advantages:
- free area;
- the presence of a large number of tools;
- unlimited validity;
- the ability to trade in demo mode;
- convenient platform for predicting market movement;
- the ability to simultaneously open several charts of different trading assets at once;
- Suitable for automated trading and using signals and much more.
And also it is worth noting that every year the developers improve its quality.
Trading Opportunities
On this trading platform, great prospects open up for traders. They can engage in an analytical forecast of market movement in order to understand which direction the quotes will move, test new trading strategies, indicators and improve the indicators that are already available in the strategy tester.
Beginners can start trading on Forex free of charge, without any financial risks. In addition, there are versions of mobile trading. And also on the platform you can use robots. And then the trade will take place in a passive mode, without the intervention of a trader, which is very convenient.
Trading example on MT4
The MetaTrader 4 marketplace is so simple that it does not cause difficulties even for beginners. Therefore, it is often recommended to inexperienced users. After all, they have no questions how to trade on the MT4 platform. First of all, you need to choose an asset, this can be done in the "market review" section. Open a chart of the selected currency pair and conduct, using indicators and graphical constructions, a forecast of market movement.
Then you need to go to the “+” tab and open a new order with the selected parameters. There you need to clarify the size of the lot volume and direction. If you wish, you can immediately set Take Profit and Stop Loss, or do this later.
Finally
The MetaTrader trading platform is the most popular platform for trading with traders of various levels. However, it is worth remembering that the platform is only a tool that allows you to earn money in the financial market. Therefore, first of all, it is necessary to learn how to predict and use the appropriate skills and knowledge.