You can use this to get an daily trade ideas. This Forex Market Scanner will provide alerts in the table below when certain chart pattern occurs. At this moment, we have 4 Major Forex Pairs covered in EUR/USD, GBP/USD, USD/CAD, and USD/JPY.
And we have these Forex Pairs against some of the most popular and reliable chart patterns like Dark Cloud Clover, Three Black Crows, Shooting Star, Morning Doji Star, and Harami Cross to name a few. This Forex Market Scanner works on real-time and every time a pattern matches an indicator will appear in the chart below. And when you see a matching pattern, click on the Forex Pattern on the left to view the time frame that matches.
However, this is not to say that you enter into position whenever you see any matching patterns. You still have to do your due diligence by checking on your own MT4 platform. As always, we cannot emphasis enough that the lower time frames are less accurate as it’s highly volatile. Chart patterns (like many MT4 Indicators) work much better when it’s on a longer time frame. Our preference is the 1-Hour or 4-Hour Chart. Like all new tools and new strategies, it’s always best to practice on demo accounts first before trading with your hard earned money.
If you need a reliable MT4 Platform, click here to open a Free MT4 Demo Account.
We hope that this Free Forex Market Scanner will provide new trade ideas for you daily. Have this page open when you start trading and wait for the matching chart pattern. If you like a market scanner that is way more advanced, then you should check out this Trend Scanner which we personally find awesome (when used correctly).
Let us know by commenting below what you think of this free scanner. We would love to hear from you.