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.
Next Move + 4-MA Strength Forex Trend Strategy (MT4)
This strategy combines the predictive forecasting ability of the Next Move Forex Forecast Indicator for MT4 with the trend confirmation power of the 4-MA Strength Forex Indicator for MT4.
It works well on short to medium-term timeframes, such as M5 to H1, and is suitable for day traders seeking confirmation between forecasted direction and trend momentum.
Why This Strategy Works
The Next Move Forecast indicator plots a purple forecasting line that predicts where prices are likely to head next.
When it slopes upward, it indicates bullish pressure; when downward, it hints at bearish sentiment.
The 4-MA Strength indicator adds a trend filter: green histogram bars mean the bulls are in control, while pink bars signal bears.
When both agree, the probability of success increases dramatically.
Buy Entry Rules
- The purple forecasting line must point upward, predicting higher prices.
- The 4-MA Strength histogram must be green, confirming bullish strength.
- Enter a buy position at the open of the next candle after both signals align.
- Set stop loss a few pips below the recent swing low or below the latest candle’s low.
- Take profit when:
- The forecasting line flattens or turns downward, or
- The 4-MA histogram turns pink, or
- A target of 20–50 pips (depending on the timeframe) is reached.
Sell Entry Rules
- The purple forecasting line must slope downward, predicting lower prices.
- The 4-MA Strength histogram must be pink, confirming bearish strength.
- Enter a sell position at the open of the next candle after both signals align.
- Set stop loss a few pips above the recent swing high or above the latest candle’s high.
- Take profit when:
- The forecasting line flattens or turns upward, or
- The 4-MA histogram turns green, or
- A fixed pip target (e.g., 20–50 pips) is achieved.
Advantages
- Combines predictive forecasting with real-time trend confirmation.
- Clear visual cues simplify decision-making.
- Effective across multiple timeframes (M5–H1).
- Reduces false entries by confirming both signal sources.
- Ideal for quick intraday setups.
Drawbacks
- The forecast line can become flat or ambiguous during low volatility.
- Histogram may lag slightly in fast reversals.
- False signals are possible during sideways markets.
- Requires monitoring to catch early exits.
Case Study 1: EURUSD M15
On the EURUSD 15-minute chart, the purple forecasting line began sloping upward, signaling potential bullish movement.
Simultaneously, the 4-MA Strength histogram turned green. A buy trade was taken on the next candle open with a stop below the recent swing low.
Price rose quickly, and when the forecast line flattened, the trade was closed for a +28-pip gain within one hour.
Case Study 2: GBPJPY M5
On the GBPJPY 5-minute chart, the forecasting line pointed downward, and the 4-MA histogram switched to pink, confirming bearish sentiment.
A sell entry was placed on the next candle, with a stop just above the recent high.
Price fell rapidly and the trade was exited when the histogram weakened, resulting in +17 pips profit in under 30 minutes.
Strategy Tips
- Focus on times of active trading, such as the London and New York sessions.
- Skip trades if the forecasting line is flat or indecisive.
- When the histogram shows weak strength, wait for confirmation before entering.
- Use a trailing stop to secure profits as the trend extends.
- Avoid trading around high-impact news events.
- Test on different currency pairs (EURUSD, USDCHF, AUDJPY) to find optimal performance.
