The Forex Candlestick Predictor MT4 indicator forecasts the next 2 candlesticks that will appear after the current bar in real-time.
It predicts in advance whether the next 2 candlesticks will go up (bullish) or down (bearish).
You can use it as a short-term trading indicator or combine it with other technical indicators and price action.
It’s an interesting tool for scalping currency pairs for fast profits.
Look for 8-50 pips per trade (depends on the chose time frame).
Just load the Forex Candlestick Predictor indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Predicts 2 candlesticks in advance.
- Good for scalping pairs.
- Look for 8-50 pips profit per trade.
- Works on any time frame equally.
- Trade any currency pair.
Feel free to explore the Forex Candlestick Predictor indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart ( EUR/USD H4 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Forex Candlestick Predictor MT4 Indicator
Buy Signal: Execute a buy trade when the overall trend is up and the Forex Candlestick predictor draws 2 bullish blue candlesticks on the chart.
Set your stop loss below support, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed profit target (for example, +15 pips on the M5 time frame) or use your own preferred profit taking strategy.
Sell Signal: Execute a sell trade when the overall trend is down and the Forex Candlestick predictor draws 2 bearish blue candlesticks on the chart.
Set your stop loss above resistance, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed profit target (for example, +40 pips on the H4 time frame) or use your own preferred profit taking strategy.
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Candle body, bull candle, bear candle, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: candlestick
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.