The Account Equity Growth Prediction Forex indicator for Metatrader 4 is an interesting tool that predicts the annual ROI and displays it on the chart.
The indicator pops up in the main MT4 chart window and displays all information in it.
It displays the following account information:
- Annual ROI prediction
- Max. floating drawdown
- Current broker time
Free Download
Download the “AccountEquityAnalyzer.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Account Equity Growth Prediction mt4 indicator in action on the trading chart.
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: Prediction
Does the indicator repaint? No.
Intraday MT4 Strategy: Account Equity Growth Prediction + Forex Gump Indicator
This strategy combines the Account Equity Growth Prediction Indicator and the Forex Gump Indicator to manage trades with both account insight and technical signals.
The Account Equity Growth Prediction provides information such as projected annual ROI, maximum floating drawdown, and current broker time, helping traders manage expectations and risk.
The Forex Gump Indicator generates blue arrows for buy signals and red arrows for sell signals, providing clear entry points.
This strategy is suitable for intraday trading across multiple timeframes.
Buy Entry Rules
- Check the Account Equity Growth Prediction Indicator to ensure acceptable projected ROI and drawdown levels for your account.
- Wait for a blue arrow from the Forex Gump Indicator, signaling a buy.
- Enter a buy trade at the close of the candle, confirming the signal.
- Set the stop loss below the recent swing low or a nearby support level.
- Set take profit at a 1:1.5 reward-to-risk ratio, or exit if a red Forex Gump arrow appears.
Sell Entry Rules
- Check the Account Equity Growth Prediction Indicator to ensure risk levels are acceptable.
- Wait for a red arrow from the Forex Gump Indicator, signaling a sell.
- Enter a sell trade at the close of the candle, confirming the signal.
- Set the stop loss above the recent swing high or a nearby resistance level.
- Set take profit at a 1:1.5 reward-to-risk ratio, or exit if a blue Forex Gump arrow appears.
Advantages
- Combines account growth predictions with clear buy/sell signals.
- Helps manage risk with information on maximum floating drawdown.
- Clear trading signals reduce hesitation and improve trading efficiency.
- Applicable to multiple timeframes and currency pairs.
- Improves discipline by linking trade entries to account conditions.
Drawbacks
- Signals may produce false entries during low-volatility or sideways markets.
- Requires active monitoring of account metrics and trade signals.
- Spread or slippage can reduce profitability, especially on shorter timeframes.
- Annual ROI predictions are estimates and may not reflect short-term market behavior.
Case Study 1
On the AUD/JPY 15-minute chart, the Account Equity Growth Prediction Indicator showed an acceptable projected ROI and manageable drawdown.
A blue arrow appeared from the Forex Gump Indicator.
A buy trade was entered at 88.50, with a stop loss at 88.30 and a take profit at 88.75.
The trade reached the take profit target in 30 minutes, yielding a 25-pip gain.
Case Study 2
On the NZD/USD 30-minute chart, the Account Equity Growth Prediction indicated a safe drawdown level.
A red arrow appeared from the Forex Gump Indicator.
A sell trade was entered at 0.6180, with a stop loss at 0.6200 and take profit at 0.6155.
The trade reached the take profit target in 40 minutes, resulting in a 25-pip gain.
Strategy Tips
- Always check account growth predictions and drawdown levels before entering trades.
- Focus on major and minor pairs with tighter spreads for higher intraday profitability.
- Keep a trading journal to track performance and optimize setups.
- Adjust take profit and stop loss levels according to market volatility.
Download Now
Download the “AccountEquityAnalyzer.mq4” indicator for Metatrader 4
