Forex Prediction Metatrader 4 Indicator

The Forex Prediction Metatrader 4 indicator forecasts the trend of any currency pair for any timeframe.

The indicator analyses the trend for 7 different timeframes (M1, M5, M15, M30, 1H, 4H and 1D) and displays the outcome in a separate MT4 window below the main chart.

Based on the outcome, the Forex Prediction indicator draws a buy or sell arrow in real-time on the main activity chart.

  • A buy signal occurs when there are more buyers than sellers in the market.
  • Forex Prediction draws a buy arrow on the main chart.
  • A sell signal occurs when there are more sellers than buyers in the market.
  • Forex Prediction draws a sell arrow on the main chart.

This is a good indicator for short-term trading purposes.

Use it for scalping and intra-day trading.

For swing trading, confirm your Forex Prediction trades with price action or other technical indicators.

Free Download

Download the forex-prediction.mq4” MT4 indicator

Example Chart

The EUR/USD 5-Minute chart below displays the Forex Prediction Metatrader 4 indicator in action.

Basic Trading Signals

Signals from the Forex Prediction MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Open a buy scalp or buy intraday trade when the Forex Prediction MT4 indicator draws a buy arrow on the chart. Place stop-loss below short-term support.

Sell Signal: Open a sell scalp or sell intraday trade when the Forex Prediction MT4 indicator draws a sell arrow on the chart. Place stop-loss above short-term resistance.

Trade Exit : Use your own method of trade exit.

Download

Download the forex-prediction.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (trigger level) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Installation

Copy and paste the forex-prediction.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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