Market Maker MT4 was first uploaded by Evgeny Shevtsov on the 4th of February 2016, it can currently be found within the indicators section of the MQL5 marketplace. It received its most recent update on the 24th of March 2020 and is currently at version 3.1.
Market Maker MT4 is an indicator that was created for the MetaTrader 4 platform, it works by displaying the peak levels of activity formes by the maximum volumes, it will also track the correlation of the candles on all timeframes.
The indicator will look at the supply and demand levels, it will then find a target for the demand level and also a target for the supply levels.
In terms of the parameters available to alter, they include things like the alerts, advise the volume increase reference, to show preview markers, volume type, button positions, marker areas, box contrast, future symbols, and more.
The Market Maker MT4 indicator can currently be purchased with a one-off payment of $39, this will get you up to 5 activations with no other added limitations, there is not an option to rent this indicator so the one-off purchase is currently your own option.
There is a free version available too, this version will have some added limitations but we are not entirely sure what they are, as they are not mentioned on the site, this may mean that the free version can only be used with the strategy tester within the MetaTrader 4 trading platform.
The Market Maker MT4 currently has 6 different user reviews, they have given the indicator an overall rating of 4.5 out of 5.
“So far all signals are wrong. Always says signal canceled because of divergence, after you have already taken a signal. Useless!” – A 1-star review.
“The “Market Marker” is truly an awesome indicator. It gives an awesome alert which is 100% sure thing. I’m truly very happy with the performance.” – A 5-star review.
“Excellent indicator, very helpful seller. Great indicator to identify trend exhaustion.” – A 5-star review.
The majority of the reviews are very positive showing that the indicator is doing what it is meant to be doing, the one negative review is stating that all signals are wrong which leads us to believe that it may have been set up incorrectly as most other are having success. There are also over 30 different comments, the developer has been replying to each one quite promptly which is a good indication to the sort of support that you would receive should you decide to purchase the Market Maker MT4 indicator.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/14392