Sessions by LUX in MT5

Trading in the Forex market, especially active Forex trading, demands precision and accuracy. The LUX’s Sessions MT5 Forex software, designed with a focus on precision trading, offers an array of tools and features that assist traders in navigating the Forex market with ease and efficiency.

Understanding LUX’s Sessions MT5

LUX’s Sessions MT5 is a potent Forex tool that provides traders with an indicator, showing when user-set sessions are active. It returns various tools and metrics by using the closing price within active sessions as an input. With the option to change up to four session times, this software is versatile and adaptable to a trader’s unique trading strategies.

Key Features of LUX’s Sessions MT5

The software allows enabling or disabling all the elements associated with a specific user-set session. It presents the opening and closing times of the user-set session in the hh:mm format and highlights the associated session range on the chart. The associated session trendline, mean average, and volume-weighted average price (VWAP) are also displayed on the chart.

The software’s transparency of the area highlighting sessions ranges and the highlight of the borders of the session range area offer a comprehensive view of the market. Moreover, it shows the session label at the mid-point of the session interval, providing a clear picture of the session range.

Advanced Dashboard and Dividers

The software comes equipped with a dashboard that can be enabled on the chart. The advanced dashboard returns more information regarding user-set sessions, offering insights into the trends and movements of the Forex market. The dashboard shows the status of a user-set session, whether it is active or inactive, and provides a correlation coefficient between the session prices and a linear sequence of values.

In addition, the software features dividers that highlight active sessions using intervals on the bottom of the chart. A daily divider also highlights the days on the chart, adding to the user’s ease of trading.

Utility and Versatility of the Tool

LUX’s Sessions MT5 is a versatile tool that allows the user to perform a wide variety of tasks, all focusing on highlighting and analyzing price movements within a specific user-set session in a periodic fashion. The tool uses significant Forex trading sessions by default, but the users are free to choose the opening and closing times of their choices, further enhancing its adaptability to diverse trading strategies.

FAQs

1. What is the key functionality of LUX’s Sessions MT5?
LUX’s Sessions MT5 is a Forex software that provides an indicator showing when user-set sessions are active and presents various tools and metrics using the closing price within active sessions as an input.

2. Can users change their session times?
Yes, users have the option to change up to four session times, allowing them to adapt the software to their unique trading strategies.

3. What does the advanced dashboard provide?
The advanced dashboard provides more information regarding user-set sessions, offers insights into the trends and movements of the Forex market, and shows the status of a user-set session.

For independent testing of LUX’s Sessions MT5, traders are invited to visit the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available.

We welcome readers to share their experiences of using LUX’s Sessions MT5. This independent product review aims to provide a comprehensive understanding of the features and benefits of this Forex software.