FX Trader's Advantage (FXTA)
The FX Trader's Advantage was developed by FOREX Trader's for FOREX Traders. The FX Trader's Advantage plug-in includes custom indicators, explorations, system tests, and expert advisors that focus on trading currency pairs. All of the tools are based on the same underlying algorithms, but each provides a unique way of analyzing the results.
FXTA is a "trend-based" system. The FOREX market is a heavily trending market and it is important for traders to recognize these trends as early as possible. The earlier a trend is identified, the more likely you will benefit from that knowledge.
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FXTA Overview
The FXTA plug-in uses an indicator that helps you easily identify these trends across multiple timeframes. It does this without you having to manually open each timeframe. It displays the most widely used timeframes in an easy-to-understand expert commentary.
This commentary not only displays the current trends in 20 different timeframes, but it also alerts you when trends across multiple timeframes are about to occur.
FXTA contains two new indicators that are essential elements of almost every successful FOREX system: Volatility and Pivots. The Volatility indicator helps you identify when prices are experiencing larger than normal swings, and the Pivots indicator helps you easily recognize important pivot points.
What's in FXTA?
Of the five main indicators included with FXTA, the heart is in the FXTA Indicator. All of the Experts, System Tests, and Explorations included in the plug-in are based on signals generated by the FXTA Indicator.
The other four indicators include a simplified version of the FXTA Indicator, Pivot indicators that are used to plot support and resistance levels, and a Volatility indicator.
FX Trader's Advantage uses proven FOREX trading techniques that help both the new and experienced investor trade the FOREX market with confidence.
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FXTA Requirements
Important: Works with MetaStock Real Time 9.1 or higher.