MetaTrader 4 is known as one of the most impressive trading platforms by not only the traders but brokers as well. This platform is a complete platform with indicators, symbols, charts and graphs providing extreme details to the users for making successful trades. In addition to that, the platform is so easy to use that it needs absolutely no special training to learn to trade on it. Furthermore, most brokers that give you access to the online MetaTrader 4 platform for trading let you do some dummy trades on it as a demo so you know the software before using it for real trades.
There are several plugins and add-ons that can be added by integrating small applications on these softwares. These additional features are often available for users as they move from one broker to another broker on the same platform. One such application that integrates on the MetaTrader platform and makes trading a likeable experience for traders is Guardian Angel. As the name suggests, this particular integrated plugin adds some guarding features to your trades as you trade on the MetaTrader 4 platform. It keeps you informed of latest ongoing and helps you in making right decisions on your trades.
The first thing this great plugin does is that it informs you about the latest news and announcements from the major banks that can affect the rates of currencies in the market. This way you can always bet on the right currency and get rid of one if you think its market is about to go down. Moreover, this little application will keep you informed of all your trades and their progresses using words and statements that are not only informative but also great pieces of advice so you don’t end up making wrong trades.
Guardian Angel also provides you with a very user-friendly interface to ensure that you are aware of the market of certain currencies at any given time. The application will give you information on the prevailing market condition of a particular pair of currency and let you know of the volatility that exists for this particular currency pair. By looking at the volatility you can decide whether you should trade this currency or not. It also informs you of you the stop loss range so you can always minimize your risks of losing the money from your broker account.
The application also includes an amazing stop-loss calculator. This particular calculator on the application is extremely easy to use and provides you information about the stop loss based on how much money you have in your account at any given time and the volatility of the market of a particular pair of currency. There are online tutorials available for Guardian Angels on various brokers’ websites so you can check out its effectiveness before using it. You can also download the plugin for free from certain sources but you can make the most out of this plugin when you make use of it with your Metatrader 4 trading platform.