Pro Sessions MT4

The Pro Sessions MT4, a comprehensive trading software, stands as a leading trading session indicator in the Forex market. It is technologically equipped to display all levels (Open-High-Low-Close) for four different trading sessions. Moreover, it has the innovative ability to predict session levels, making it a valuable tool for Forex trading.

Key Features of Pro Sessions MT4

The Pro Sessions MT4 sets itself apart with its advanced features. For instance, the software allows traders to draw sessions using either lines or rectangles (empty or filled). In a user-friendly design, the lines have the option to be extended to the next session. Traders can also effortlessly hide or show each session by pressing the designated hotkeys (by default ‘1’, ‘2’, ‘3’, ‘4’).

ASR Lines: An Insightful Tool for Market Analysis

One of the unique features of Pro Sessions MT4 is the Average Session Range (ASR) lines. The ASR lines, similar to the ADR calculation, are calculated based on the last X-sessions. This provides a clear scope of the potential range of the current and previous sessions, giving an indication of how far the price can move in a day. The average is computed as the sum of previous sessions divided by the number of sessions, with each session having its own ASR value. This feature is beneficial for in-depth Forex market analysis.

Interactive Alerts and Session Levels

The Pro Sessions MT4 sends alerts when session levels are touched by the price or when the price breaks through the closed session, for a given distance. These alerts, customizable for each session, help traders stay on top of market movements. Additionally, the “Stop session if the other session starts” function allows traders to halt a stale session and receive alerts when it breaks in a new session.

Customizable Parameters for Optimized Trading

The Pro Sessions MT4 offers a wide range of customizable parameters, from the number of days to calculate to color schemes, allowing traders to tailor the software to their needs. Traders can also choose to show expected sessions in the future, display different lines (Open, High, Low, Close, Middle), and extend lines to the next session. Furthermore, traders can opt to show rectangles (High-Low, Open-Close), fill High-Low, fill Open-Close, and display a vertical line at the beginning of each session.

Frequently Asked Questions (FAQ)

1. What is the Pro Sessions MT4?

The Pro Sessions MT4 is a powerful trading software that serves as a trading session indicator. It is designed to display all levels (Open-High-Low-Close) for four different trading sessions and predict session levels.

2. What are some key features of the Pro Sessions MT4?

Key features of the Pro Sessions MT4 include the ability to draw sessions using lines or rectangles, extend lines to the next session, send alerts when session levels are touched or broken, and customizable parameters for optimized trading.

3. What are ASR lines?

ASR lines, or Average Session Range lines, are a unique feature of the Pro Sessions MT4. The ASR lines provide a scope of the potential range of the current and previous sessions, indicating how far the price can move in a day.

Independent testing of the Pro Sessions MT4 is available on the ForexRoboteasy.com website. You can also subscribe to updates on the results of testing this product. We invite you to share your experience of using this product, as this would be beneficial to other traders in the Forex market.

Remember, this is an independent product review and the text does not contain any recommendations or endorsements. It is written in a neutral tone, without any bias.