FOREX TRADING SESSIONS INDICATOR MT4

This Sessions Indicator will plot on the chart Four main Forex Sessions in your MT4 terminal. Highly customizable and easy to install

The Forex Trading Sessions Indicators displays the working hours of the most important trading centers, namely London, New York, Tokyo and Sydney.

• This information is mostly used for clear and efficient order management. As far as each session has its own volatility and, let’s say, “spirit”, you should account for this while holding your trades.

This indicator for MT4 plots sessions in the form of boxes with dotted outline, which is quite cozy for analysis.

The main benefit of this indicator, compared to other ones, is that it shows boundaries both of past and active sessions and the opening time of future sessions.

• Please pay attention to your broker’s terminal timezone and major centers’ working hours. In case of any DST shifts you should regularly check session working hours, and manually make corresponding changes in indicator settings.

Session Overlapping and Currency Pairs

• You should mostly consider overlapping sessions as these periods are usually most volatile and provide the best trading opportunities.

Overlapping periods for the moment:

• Tokyo and London: 10:00 – 11:00 AM (GMT+3)
• London and New York: 15:00 – 19:00 PM (GMT+3)
• Sydney and Tokyo: 02:00 – 10:00 AM (GMT+3)

Also, the currency pair makes sense. Some of the pairs are active during Asian sessions, for example USDJPY, AUDUSD, NZDUSD. Other while London session – GBPUSD, USDCHF, EURUSD. And the last while NY session – USDCAD, XAUUSD, EURUSD, USDMXN.

How to trade Forex Sessions

• Lots of strategies have been built according to forex session hours.
• This indicator is suitable for all of them.

The most well-known strategies are:

• London Breakout Strategy,
• Asian Box,
• New York Breakout,
• etc.

For all these strategies, the algorithm usually looks like as follows:

London Breakout Strategy Rules

1. Find the High and Low range of the previous session (Tokyo). MT4 Session indicator will help you with this.
2. Wait until the London Open and the price breaks out of the range.
3. Open the trade in the direction of the breakout.
4. Set your Stop Loss below the Low or above the high of Asian session depending on breakout direction.
5. Set your take profit with affordable risk:reward ratio, let’s say twice as stop loss distance.

This Sessions Indicator for MT4 is a must have option for both novice and expert traders. It will be a good addition to any strategy and any style of trading.

Also it can be heavily customized to meet your needs. See the Indicator Settings tab for more details.