Supreme Forex Forecaster Trend Indicator For MT4
The supreme Forex forecaster MT4 indicator forecasts the best buy and sell trends.
The indicator consists of a dual colored signal line that appears in a sub Metatrader 4 window.
Trading with this forecaster indicator is straightforward:
- A blue signal line represents a buy trend.
- A red signal line represents a sell trend.
The indicator creates numerous profitable forecaster entry signals throughout the trading day on various currency pairs.
Some of the feedback we’ve received from Forex traders reveal that their winning rate increased by 50% by adopting this trend forecasting indicator.
You can use this indicator as a standalone or use together with your existing system or strategy!
Feel free to experiment with the indicator’s different parameters to create your own personalized buy/sell signals.
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Supreme Forex Forecaster Trend Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Supreme Forex Forecaster Trend MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate a new buy order when the Supreme Forex Forecaster indicator signal line changes color from red to blue. The trend is now upward.
Place a protective stop loss below the previous swing low price, or use your own stop loss placement strategy.
Close the buy trade when the signal line changes color from blue to red, the trend reversed back to bearish.
Alternatively, go for a fixed take profit target, for example, 25 pips on the 1-minute scalping trading chart.
Sell Trigger: Initiate a new sell order when the Supreme Forex Forecaster indicator signal line changes color from blue to red. The trend is now downward.
Place a protective stop loss above the previous swing high price, or use your own stop loss placement strategy.
Close the sell trade when the signal line changes color from red to blue, the trend reversed back to bullish.
Alternatively, go for a fixed take profit target, for example, 50 pips on the 30-minute day trading chart.
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TM period, intensity, stop loss pips distance, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.