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The iSAP (iFT Scan and Alert Pro) is an advanced Forex scanner that works with Meta-Trader4 platforms. The iSAP scanner identifies chart patterns and setups used by the professional iFundTraders Master Forex Traders and then alerts traders when these events occur by voice and sound alerts, email, and labels on the charts.

Trading Robots today occupy a significant role in the auto trade in the foreign exchange market.

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The iSAP thus helps you avoid missing events that you may be waiting for a long time to setup. Looking for trade Entry. The master traders at iFundTraders often report that they believe that the trading bias is best determined from the higher time frame charts, such as the daily chart.

Setups and events reported by the iSAP on the daily chart can often be very helpful in analyzing the charts and determining the overall bias to trade. Then signals reported by the iSAP on the smaller time frames can potentially be good trade setups and entries.

However each trader should be carefully to consider multiple factors including analysis of the pair in multiple time-frames, news events, individual risk tolerance, and many other factors to determine if that trade is suitable for him or her. Some professional traders find it helpful once they determine their trading bias and see that there maybe a good setup on the higher timeframes, to setup the iSAP to report events on the lower timeframes with their trading directional bias in order to look for get trade entries.

For example, a trader may analyze the weekly and daily EurUSD chart, and determine that their trading bias is long. They then may setup the iSAP to report only events with long bias on the minutes, 1 and 4 hour charts, in order to look for trade entries.

Adding to a position: When in a winning trade some traders add to a position in certain cases when getting appropriate setup reported by the iSAP in the directional bias of their trade. This trading style does not fit everyone, and each individual trader should consider their trading strategies when placing trades. What to do when getting multiple signals in opposite directional bias for the same currency pair or CFD on different timeframes?

This can often be confusing, but very important to note. When getting conflicting signals with long and short bias on different time-frames, that may potentially be a good time to "sit-on-hand" and avoid taking the trade. Professional master traders at iFT often report that taking trades that show consistency in multiple time-frames with the same directional bias may have much better winning odds. The iSAP may be very helpful for traders to pay attention to what is happening at other time frames even if they are not actively looking at that chart.

Have you tried the iSAP? Please email testimonials smartest-trading. Look at the iSAP tutorials including demonstration videos. Participate in one of the iSAP free webinars. During the iSAP webinar, you can learn about the iSAP features, get assistance with installation, and ask the moderators questions. Trying out the iSAP by getting a trial subscription, or buying a full featured paid subscription.

Learn more about the iSAP and see it in action. Helps traders avoid missing the entries they have been waiting for.

Sometimes waiting for the appropriate trading event may take hours making it hard for traders to stay next to the computer waiting for these events to occur. Now traders can do other things while waiting, and get alerts when its time to look again at the charts when the anticipated and confirmed setups are reported by the iSAP. The iSAP helps traders identify important setups on the charts that may be good trading opportunities. The trader can then look at the currency pair in different time-frames to determine if any given setups identified by the iSAP would be appropriate trade or not.

The iSAP reports anticipated events that may be forming on the charts allowing traders more time to better prepare for possible entries and not miss them. Traders can determine if they have a long or short bias for a particular pair e.

The scanner has many options that can be customized to the preferences of the trader. Events reported by iSAP: Terms of Use Privacy Policy. About us Contact us.

Contact Us My Account. What is the iSAP. Tips for effective use. What is the ATMS. East Coast, encouraging local pros to get up earlier than equity or futures traders. This timing takes many of these folks out of the game after the New York lunch hour, triggering a noticeable drop in forex volume and volatility during U. This lifestyle works perfectly in conjunction with timing of key economic reports in Europe and the United States but fails to capture Asian developments, which can move world currency markets for months at a time.

This leaves two other specialization choices:. In all specialties, professionals focus their efforts on currency pairs that provide the most profit potential for their strategies. This inevitably changes over time, forcing them to adjust market and sleep hours to manage profitability.

Trading screens are turned on soon after waking because currency markets are open and prices have been driven higher or lower during sleep hours. In addition, they always review exposure at the end of the market day, to ensure that losses taken during the sleep cycle fall within the confines of their risk tolerance. They keep a detailed calendar of economic releases and central bank meetings that will impact their strategies, often foregoing sleep when a key meeting is set outside of their normal market viewing hours.

They examine the latest economic releases while having their first cup of coffee, adjusting stops and exiting positions if needed. Time frame now comes into play because many professionals hold a large core of smaller-sized positions for longer holding periods.

This allows them to keep stops loose and away from predatory algorithms , which dominate modern markets. These efficient robot-traders predict price zones where retail stops are clustered and hit those levels during less active trading hours or in response to economic releases. Market day activity depends on the current strategies. Pros who manage a core of longer-term positions may be surprisingly inactive in a typical session, waiting for key price zones to come into play.

Even so, these positions cluster around the hours of major economic and central bank releases, with the balance of the session set to observation rather than action mode. Confirmation for Today's Forex Trader. Professionals choose specific times to end their market days rather than letting circumstances and price action make those determinations.

The New York lunch hour offers the most popular choice for local professionals because it also marks the close of trading on the European stock exchanges. The trading day ends with a performance and session review, noting characteristics that may impact future strategies and outcomes.

Pros also take note of economic releases scheduled for their off hours, adjusting stops to account for the greater risk.

Finally, they take a last look at forex pairs not closely watched that day, checking for trading opportunities they may have missed. The hour forex grind can be tedious and proper lifestyle choices are needed to build discipline and focus, in turn improving the bottom line.

As a result, the forex pro takes as much time working on relaxation and personal health issues as watching world markets. These folks also know how to have fun, taking regular time to get away from their trading screens and unwinding with friends and family.

Many pros take physical and mental conditioning even further, quitting smoking, limiting alcohol use and maintaining a healthy diet that keeps weight under control and the mind in an alert state.