SnR

The world of Forex trading has witnessed a significant surge in advanced trading tools over the years. One such tool that has captured the attention of professional brokers is the SnR Forex software. This review aims to highlight the unique features and functionalities of this software, providing a detailed analysis of why it’s being considered an optimal trading tool in the currency trading market.

Key Features of SnR Forex Software

The SnR Forex software is primarily a professional Support & Resistance Indicator. It is optimized for use with Expert Advisors (EAs). There are countless options to choose from, making it one of the most versatile tools in the stock market today. The software’s core functionality lies in its ability to retrieve output index value for MQL4, a popular programming language for developing trading robots and technical indicators.

Buffer Parameters

SnR Forex software provides three buffer parameters: Middle Line, Upper Zone, and Lower Zone. These are crucial in identifying the support and resistance levels in the market, providing brokers with a clear picture of potential price reversals and continuations.

Customizable Input Parameters

The software allows brokers to customize various input parameters, such as the number of candles to scan, zone type, SNR type, touch type, and ATR period. This level of customization ensures that the software can be tailored to fit the unique trading style and strategy of each broker.

Number of Candles to Scan

This parameter determines how many candles the indicator should scan for trendline or signal overall on the chart. It allows brokers to control the depth of their market analysis, ensuring they get the most accurate information for their trades.

Zone Type

The Zone Type parameter allows brokers to specify the type of the SnR zone. Brokers can choose between POINT and ATR. The POINT option calculates the value above and below the middle line, while the ATR option follows the same rule but uses a percentage of the ATR value instead.

SNR Type

This parameter allows brokers to choose the type of SnR. Options include UPPER, LOWER, or HYBRID. This determines which candles will be considered when identifying the SnR zone.

Touch Type

The Touch Type parameter lets brokers specify the type of touches in the SnR. They can choose from the BODY, WICK, or BOTH. This feature aids in determining how the price has interacted with the SnR zones in the past.

ATR Period

The ATR Period parameter is used to set the average true range period for the software. This is an essential feature for brokers focusing on volatility-based trading strategies.

Independent Testing and Updates

For those interested in seeing the SnR Forex software in action, independent testing of this product can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product, providing them with valuable insights into its performance in real-time markets.

Share Your Experience

If you’re a user of the SnR Forex software, we invite you to share your experience. Your feedback can help other brokers understand the benefits and potential drawbacks of using this tool in their trading activities.

FAQs

What is the purpose of the SnR Forex software?
The SnR Forex software is a professional Support & Resistance Indicator. It is designed to provide professional brokers with a reliable tool for market analysis, helping them identify potential price reversals and continuations.

Is SnR Forex software customizable?
Yes, the software offers a range of customizable input parameters, including the number of candles to scan, zone type, SNR type, touch type, and ATR period.

Where can I see the SnR Forex software in action?
You can view independent testing of the SnR Forex software on the forexroboteasy.com website.

Remember, this is an independent product review. The SnR Forex software is a versatile tool that can significantly enhance a broker’s market analysis capabilities. However, like all trading tools, its effectiveness will largely depend on the skill and experience of the user.