The Strengths of Smart Tools Provided by Activtrades for Trading Success
Activtrades, a renowned online trading platform, offers a wide range of smart tools that enhance the trading experience for its clients. These tools are designed to leverage the capabilities of Metatrader platforms and streamline the trading process. In this article, we will explore the key strengths of these smart tools, including their functionality and how they can benefit traders in different scenarios.
Introduction to Activtrades’ Smart Tools
When working with Activtrades, traders have access to a suite of custom indicators and smart tools that can be integrated into their trading strategies. These tools are designed to provide a competitive edge in the dynamic and volatile forex market. Here are the primary smart tools offered by Activtrades:
SmartOrder: Enhancing Order Management
SmartOrder is a powerful tool that expands the capabilities of working with Metatrader orders. It allows traders to automate specific tasks, such as closing orders based on predefined parameters like a specific date or a particular equity amount.
For traders who need to react to rapidly changing market conditions, SmartOrder is incredibly valuable. Its precision and speed make it ideal for active day traders who require a high level of accuracy and efficiency. If you're trading in highly volatile markets, the ability to execute trades based on specific criteria can be a lifesaver.
SmartTemplate: Market Sentiment Analysis Made Easy
SmartTemplate is a versatile tool that combines multiple indicators to provide a comprehensive view of market sentiment. It also helps in identifying the trend direction, whether it's moving upwards or downwards. This tool is particularly useful for traders looking to gauge overall market conditions and make informed decisions.
SmartPattern: Discover Future Trends Through Historical Data
SmartPattern is a powerful tool for traders who are big fans of chart pattern strategies. It analyzes historical data to identify potential patterns in the future. This tool can provide valuable insights into upcoming trends, allowing traders to stay ahead of the curve.
SmartLines: Automating Trend Identification and Order Execution
SmartLines is one of the most interesting and useful tools provided by Activtrades. It automatically identifies trends and draws trend lines based on price movements. Furthermore, it can be configured to open orders according to specific settings. For example, you can set it to open orders immediately when the price touches a support line.
This tool is particularly beneficial for beginners or traders who don't have the time to monitor charts 24/7. It simplifies the trading process, making it much easier to enter and exit trades at the optimal times.
Pivot Points Indicator: Identifying Key Levels Quickly
The Pivot Points indicator is designed to draw the most critical levels on the charts based on historical data. It automatically identifies support and resistance levels, saving traders a significant amount of time. Rather than manually analyzing the charts and drawing lines, traders can use this indicator to quickly identify these essential levels.
Usage and Availability
All of these smart tools are available for free to every Activtrades customer. However, some tools are available for use with MT4, while others are compatible with both MT4 and MT5. The installation process is relatively straightforward, even for new users. However, it's advisable to read the manuals provided by Activtrades before installation. Additionally, some of these tools require a live account with real money for full functionality.
Conclusion
The smart tools provided by Activtrades significantly enhance the trading experience by saving traders a considerable amount of time and effort. By automating tasks, these tools allow traders to focus on other important aspects of their trading strategies. Whether you're a seasoned trader or a beginner, the tools offered by Activtrades can help you make more informed decisions, execute trades more efficiently, and stay ahead in today's fast-paced market.