"Even for free, it's incredibly excellent!" "This is exactly what I wanted" Indicator & Tools
MT4 is convenient because you can use a variety of custom indicators, but
there are many things that would be more convenient if you tweak this a little more.
Today we'll introduce some handy indicators & tools!
All of them are free, so please try them at least once ♪
1. Indicator that displays Japan Time
During events such as employment statistics, or when you need to set EA trading hours in GMT time,
it's convenient to be able to know Japan Time at a glance.
“FXmt Japan Time”
It has simple yet sufficient features, and will also notify you of daylight saving time changes.
(Parameters)
| Item | Default | Description |
| Difference between server time and Japan Time | Auto calculation | Because it varies by broker, note. Auto calculation is based on the local PC time, so DST can be ignored. |
| Initial display of Japan Time scale | true | Whether Japan Time display is ON by default. true = ON (display) |
| Hide MT4 standard scale | false | Whether to hide the bottom time axis of the chart. true = hide |
| Display color | None | The initial 'None' will automatically pick a color. |
Standard features
2. Displaying/Monitoring Spreads
Spreads vary a lot depending on the currency pair. Even if you think you’ve got a good opportunity,
if the spread is wide, say 3 pips or more, short-term trades like scalping become unfavorable. Not favorable.
“Spread Viewer”
This tool records not only real-time spreads but also past spreads.
Because spreads can widen at certain times, you can avoid entering at unfavorable times.
3. Alerts on lines!
When price touches or breaks your drawn horizontal line or trendline,
it will notify you with an alert.
This helps you use waiting time for discretionary trading effectively!
Alert line for discretionary-trading assistance
4. I want to make orders even easier!
When placing orders, I want to set TP and SL at the same time. And I want to do it immediately!
A handy tool for such cases ♪
“HT_Simple_Panel”
http://htfx.blog.fc2.com/blog-entry-255.html
※This will take you to an external blog.
There are paid order tools that can do even more!
