The Forex Prediction indicator for MT4 was developed to predict the most profitable trend with the help of a trigger level.
Feel free to play with the trigger level that can be accessed from the indicator’s inputs tab.
It also includes a digital filter for more accurate trend prediction levels.
The indicator predicts the most likely trend for the M1, M5, M15, M30, H1, H4 and daily trend.
Just load the Forex Prediction indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A blue up triangle symbol signals an uptrend.
- A brown triangle symbol signal a downtrend.
- Multiple time frame trend analysis possible.
- Does not repaint, 100% guaranteed.
- Works for any currency pair and MT4 symbol.
Feel free to explore the Forex Prediction indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “forex-prediction.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD H1 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 Prediction MT4 Indicator
Buy Signal: Go long when a blue triangle symbol appears on the chart for your chosen time frame.
In order to improve its accuracy, most triangles should be colored blue across the various time frames.
Set your stop loss below support or consolidation area, or use your own favorite stop loss strategy.
Close the buy trade for a reward/risk ratio of 1.5 or better.
Alternatively, exit the buy trade for a fixed profit target of your preference.
Sell Signal: Go short when a brown triangle symbol appears on the chart for your chosen time frame.
In order to improve its accuracy, most triangles should be colored brown across the various time frames.
Set your stop loss above resistance or consolidation area, or use your own favorite stop loss strategy.
Close the sell trade for a reward/risk ratio of 1.5 or better.
Alternatively, exit the sell trade for a fixed profit target of your preference.
Download This Forex Indicator Now
Download the “forex-prediction.ex4” MT4 indicator
Input Parameters
Trigger level, colors, width, style.
More Info About This Indicator
Recommended Currency Pairs: any
Trading Platform: MT4
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.