What is FXT Navigator?
- By FXT
- OCT 19, 2022
FXT Navigator™ is a full set of tools which gives you the opportunity to get historical statistics and analytics as well as identify trading ideas with a statistical edge. Additionally, It includes alerts and signal generation. It makes traders’ experience easier and more enjoyable with up-to-date market data and tools integrated within the MetaTrader 4 and 5 interfaces.
The FXT Navigator is a tool traders use to navigate the markets more easily, by presenting a series of information that is easy to read. When you see something of interest, simply click the corresponding Symbol to investigate further.
Page 1 of the navigator (the Market Watch) shows the Daily change, weekly change and monthly change in percent, along with year to date change. In one page, you can get a feel for the direction of a currency pair or index for the day, month and year. This quick method of scanning the market will help identify potential opportunities right now and easily check the chart of that symbol with the click of a button.
The Trend section of the Navigator also shows indication of trend using moving averages, making it easily visible when all 3 elements are pointing to a Buy trend or a Sell trend. Rather than cycling through each chart and looking at a range of indicators and movement, the Trend page shows you an overview of the trend of a range of symbols in one page.
The Oscillators page is similar to trend, showing Neutral, Oversold or Overbought on a range of symbols in one page. This again makes it incredibly easy to scan the market for opportunities.
Opportunities often arise when the markets are not balanced, leading to things like trend going one way or indicators alluding to a certain outcome. By scanning a range of symbols, you will have an overview of where the market sits, and also be shown quickly what symbols are showing out of the ordinary conditions.
The Correlation Matrix is a tool that allows you to view correlations of symbols against other symbols, including currency, indices and more. When trading multiple symbols, risk is an important consideration to ensure you understand the correlation of the trades you have one. If, for example, two of your trades are heavily correlated, your risk may effectively be doubled, as the outcome of both is probably going to be similar. The correlation matrix helps to make trading portfolio assessments.
Overall, the Navigator is a great tool to quickly scan the market for opportunities without having to look at each and every chart.