Forex Candlestick Predictor MT4 Indicator

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.

Key Takeaways

  • 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.

Download This MT4 Forex Indicator Free

Download the “forex-candle-predictor.ex4” Metatrader 4 indicator

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.

Download This Forex Indicator Now

Download the “forex-candle-predictor.ex4” MT4 indicator

Adjustable Parameters

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

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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