The Next Move Forex indicator for mt4 (Metatrader 4) is an interesting forecasting tool that predicts future price movements for any currency pair.
The indicator pops up in the main MT4 chart window as a purple colored forecasting line.
Buy & Sell Trade Example
- Open a buy trade if the purple colored forecasting line predicts higher currency prices.
- Open a sell trade if the purple colored forecasting line predicts lower currency prices.
The Next Move indicator can be used for both trade entry and exit, or as an additional price forecasting filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “next move.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Next Move mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Next Move Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Forecasting
Does the indicator repaint? No.
