UGenesys Volume MT4

For the novice and experienced Forex trader alike, understanding market movements and volume becomes paramount in order to make informed trading decisions. One trading software that aims to assist traders in this regard is the UGenesys Volume MT4 indicator.

Why is Volume Important in Forex Trading?

Volume plays a key role in the Forex market because it signifies the level of market activity. When volume is high, it indicates that large institutions such as banks and hedge funds are actively participating in the market, thus influencing price movements. This is the ideal time for traders to place orders and capitalize on these movements.

Functionality of the UGenesys Volume MT4 Indicator

Designed to identify periods of highest market volume, the UGenesys Volume MT4 Indicator has been crafted from 25 different volume indicators for optimal accuracy. It provides clear visual cues to traders by displaying a brightly colored red histogram during bearish market conditions and a green histogram in bullish market scenarios.

Furthermore, this trading software helps traders distinguish between periods of market consolidation and ideal trading times. When the histogram bars are below the 20 zone, it indicates a consolidation period and trading is not advised. However, when the bars are above the 20 zone, traders can confidently place their orders.

Using UGenesys Volume MT4 with UGenesys Trend Indicator

The UGenesys Volume MT4 Indicator can be paired with the UGenesys Trend Indicator for maximum trading efficiency. The Trend Indicator helps traders identify market trends and provides either a buy or sell signal based strictly on trend strength and market volume. This combination of indicators provides traders with a competitive edge in the market.

Benefits of UGenesys Volume MT4 Indicator

UGenesys Volume MT4 Indicator is user-friendly and doesn’t overload charts with unnecessary information, making it a great tool for beginners. It accurately pinpoints high volume opportunities and easily identifies whether the market is bullish or bearish. Additionally, the product boasts excellent customer support and informative video tutorials.

FAQs about UGenesys Volume MT4 Indicator

1. Is the UGenesys Volume MT4 Indicator suitable for beginner traders?
Yes. Its user-friendly interface and accurate identification of high volume trading opportunities make it a great tool for beginners.

2. Can the UGenesys Volume MT4 Indicator be used with all FOREX pairs?
Yes. However, it is highly recommended for use with GBPUSD, GBPCAD, GBPCHF, GBPNZD, and GBPAUD pairs.

3. How does the UGenesys Volume MT4 Indicator assist in making trading decisions?
The Indicator identifies high volume trading opportunities and indicates market trends, assisting traders in making informed decisions.

We invite you to share your experience of using the UGenesys Volume MT4 Indicator. For independent testing of this product, you can visit the forexroboteasy.com website and subscribe to updates on the results of testing this product. Please note that this is an independent product review and the views expressed in this article are solely those of the author.