What is AvaTrade's Guardian Angel??
AvaTrade Guardian Angel is a free risk management tool that provides instant feedback and tailored alerts for MetaTrader4 users。
The primary goal of a trader is to achieve sustained profitability。However, to achieve sustained profitability, a profitable trading system and good trading psychology are not enough。You must have good risk management to minimize risk and ensure your trading career lasts forever.。
Based on this principle, AvaTrade provides a trading tool, Guardian Angle, to help you implement risk management strategies in your trading。
Introduction to Guardian Angel
AvaTrade Guardian Angle is an expert advisor system for MetaTrader 4 that provides automated professional guidance in real time。It provides up-to-date analysis of your trades, identifying systematic patterns in your trades and their relevance to market conditions。
In seconds, this AvaTrade tool provides insight into your trading habits and makes informed decisions over time。This powerful MetaTrader 4 add-on effectively filters interference, allowing you to focus on basic information that is critical to trading success。
Guardian Angel's design goals are as follows:
- Reduce trading risk by providing tailored guidance and alerts。
- Helping traders recognize mistakes and learn from them。
- Enhance trading confidence with real-time analytics and support。
- Deepen the trader's connection to the market with comprehensive insight。
- Enhance trading knowledge。
Once you install this AvaTrade free tool, you will find that it is customized for you, providing unique feedback for traders instead of a cookie-cutter approach。
Depending on your predefined preferences and settings, you will receive information and alerts covering a range of issues, providing additional attention to:
- High risk situations
- Market volatility during trading
- Set Stop Loss Level
- Market alerts tailored to your trading needs
- Strong / weak trading performance
- margin call notice
Breaking down trading instruments
Once the installation process is complete, the AvaTrade trading tool is activated on the MT4 platform。To start using its features, users must agree to the terms of use。The main console can then be accessed via the tray icon or minimized。
To access the main console, simply click the tray icon on the desktop taskbar。
Main Console
This is the main information interface that appears when you open or close a position on the AvaTrade MT4 platform。Make sure to keep the window visible in your trading activity。Each message is colored to indicate its severity:
- Green means positive。
- Yellow indicates medium importance。
- Red indicates potential danger。
Now, let's look at the features of the tool:
Navigation: up to 10 pieces of the latest information can be displayed。Use arrows to navigate between old and new messages。For older information, visit the Information Log in the main console。New: A small envelope indicates an unread message。The number of unread messages is displayed next to the icon。Learn more: To understand the reasons behind the messages and explore best practices, click Learn more at the end of each message。This will lead you to a learning center with detailed information about the subject of each message。Delete Messages: If a message appears frequently and needs your attention, but you don't want to see it again, click Delete Messages。To restore information, go to Settings and click Restore Information Defaults。Features: Click Notifications to open the main window with several options, which are detailed in the next section。
Features of AvaTrade Guardian Angel
Market sensors: provide a measure of the current volatility of the market you are trading in three different time frames: the last hour, the last day, and the last two weeks。It displays the current level of volatility and sets a stop loss "safe zone" in points based on that level。
Statistics: Your weekly trading statistics in AvaTrade will be displayed in the Guardian Angle main window。
Settings: Customize Guardian Angle information according to your preferences, including selecting information topics and restoring defaults。
Feedback: Share your thoughts and experiences with AvaTrade Guardian Angel。
Chat: Chat with an agent while trading。
Calculator: Calculates stop loss based on account risk or market volatility for each instrument you trade in AvaTrade。
Desktop notifications: When Guardian Angel's main console is closed, messages will appear, allowing you to see the beginning of each message。
How AvaTrade Guardian Angel Promotes Trading?
- Risk Management: Guardian Angle helps you reduce trading risk。By setting the appropriate stop loss level and identifying excessive risks, it can act as your safety net。
- Learn from mistakes: We all make mistakes, especially in trading。Guardian Angle provides objective feedback on your trading, allowing you to learn from your successes and failures。
- Boost your confidence: Knowing that Guardian Angle is overseeing your trades can boost your confidence。It's like having an experienced mentor around you。
- Market Insights: This tool provides relevant market alerts to keep you informed of market conditions and potential opportunities。
- Continuous improvement: Trading is a process of growth, and Guardian Angle ensures that even experienced traders have room for improvement。
Advantages and Disadvantages of AvaTrade Guardian Angle
✔ ️ Advantages | Disadvantages |
Risk Mitigation: Helps prevent catastrophic losses by alerting you to risk situations。 | Not a substitute: only a complement to the analysis, not a substitute。 |
Objective feedback: can provide impartial feedback to help adjust the strategy。 | Dependency: Full dependence on tools can hamper independent decision making。 |
Customization: Customize tools to your specific needs and preferences。 | Learning curve: New users may take time to understand and configure settings。 |
Educational Value: Learning from Mistakes and Improving Trading Skills。 |
Conclusion
AvaTrade Guardian Angle is more than just a risk management tool, it's also a trading companion that allows you to make smarter choices。Whether you're a beginner or an experienced trader, consider incorporating Guardian Angle into your trading routine.。
AvaTrade is an innovative global forex and CFD broker offering a diverse range of trading services and tools with the most competitive commissions in the industry.。In addition, easy deposit and withdrawal, intuitive mobile application and fast execution speed, is a trusted brokerage company, suitable for beginners and professional traders。
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