About the Forex Prediction MT4 Indicator
The Forex Prediction MT4 indicator forecasts market direction by analysing buyer and seller strength across multiple timeframes.
It scans seven periods, from M1 up to D1, and summarizes the results in a separate indicator window below the main chart.
Based on this multi-timeframe analysis, the indicator plots buy and sell arrows directly on the price chart in real time.
A buy arrow appears when buying pressure dominates, while a sell arrow signals stronger selling pressure.
Forex Prediction performs strongly for scalping and intraday trading, where timing and direction matter most.
Traders can also adapt it for swing trading by combining signals with price action or complementary indicators.
Its straightforward logic and visual signals make it practical for both active and developing traders.
Free Download
Download the “forex-prediction.mq4” MT4 indicator
Key Features
- Analyzes trend direction across seven timeframes.
- Displays a dedicated prediction panel below the main chart.
- Plots real-time buy and sell arrows on the price chart.
- Fits fast-paced scalping and intraday strategies.
Indicator Chart
The image shows the Forex Prediction MT4 indicator with real-time arrows plotted on the main price chart.
Buy arrows highlight moments of dominant buying pressure, while sell arrows point to stronger selling activity.
The lower panel reflects trend alignment across multiple timeframes.
Guide to Trade with Forex Prediction MT4 Indicator
Buy Rules
- Wait for a buy arrow to appear on the active chart.
- Confirm that recent price action supports upward momentum.
- Enter a buy trade at the close of the signal candle.
- Avoid entries directly into nearby resistance zones.
Sell Rules
- Wait for a sell arrow to appear on the active chart.
- Check that price action aligns with bearish pressure.
- Enter a sell trade at the close of the signal candle.
- Avoid selling directly into strong support areas.
Stop Loss
- Place the stop loss below the nearest short-term support for buy trades.
- Place the stop loss above the nearest short-term resistance for sell trades.
- Allow enough space to account for normal market fluctuations.
- Keep risk fixed as a percentage of account equity.
Take Profit
- Close all buy positions when a sell arrow appears.
- Close all sell positions when a buy arrow appears.
- Alternatively, target nearby support or resistance levels.
- Adapt exits to volatility and session conditions.
Forex Prediction and Elite Pro Scalper MT4 Strategy for M1, M5 and M15 Charts
This strategy combines the Forex Prediction MT4 Indicator and the Elite Pro Scalper MT4 Indicator to capture short-term moves.
The Forex Prediction indicator shows a buy arrow for an uptrend and a sell arrow for a downtrend.
The Elite Pro Scalper provides additional timing with blue arrows for buy signals and red arrows for sell signals.
Using both indicators together helps traders confirm trend direction and entry points.
This strategy works on M1, M5, and M15 charts.
It is suitable for active scalpers and day traders who focus on major liquid currency pairs during high liquidity sessions.
Buy Entry Rules
- The Forex Prediction indicator must show a buy arrow.
- Wait for the Elite Pro Scalper to display a blue arrow for confirmation.
- Enter a buy trade at the open of the next candle after the blue arrow appears.
- Set the stop loss a few pips below the most recent swing low or a nearby support level.
- Set take profit using one of these methods:
- Fixed target: 5 to 8 pips on M1, 10 to 15 pips on M5, 15 to 25 pips on M15
- Target a recent minor resistance level based on previous highs
- Optionally use a trailing stop below each new swing low to capture extended moves
Sell Entry Rules
- The Forex Prediction indicator must show a sell arrow.
- Wait for the Elite Pro Scalper to display a red arrow for confirmation.
- Enter a sell trade at the open of the next candle after the red arrow appears.
- Set the stop loss a few pips above the most recent swing high or a nearby resistance level.
- Set take profit using one of these methods:
- Fixed target: 5 to 8 pips on M1, 10 to 15 pips on M5, 15 to 25 pips on M15
- Target a recent minor support level based on previous lows
- Optionally use a trailing stop above each new swing high to capture extended downward moves
Advantages
- Combining trend direction and entry signals increases accuracy and reduces false trades
- Works across multiple short-term time frames, allowing flexibility for different trading styles
- Easy-to-read visual signals make it simple for beginner and experienced traders alike
- Can be used on multiple currency pairs, giving frequent trading opportunities
- Helps traders enter trades with clear rules for stop loss and take profit, promoting disciplined trading
- Adaptable to both fast scalping on M1 and short-term swing trades on M15
- Signals allow for quick decision-making, which is important for intraday trading
- Requires minimal additional indicators, keeping charts uncluttered
Drawbacks
- Flat or ranging markets can produce false signals even with trend confirmation
- Spreads and slippage can affect profits on small targets
- Scalping requires constant attention and discipline
Example Case Studies
Case Study 1: GBPUSD M1 Chart
During the London session, the Forex Prediction indicator gave a buy arrow.
Shortly after, the Elite Pro Scalper drew a blue arrow.
A buy trade was opened at 1.27850.
Stop loss was placed at 1.27830 and take profit at 1.27870.
The trade closed after one minute with a 2-pip gain.
Case Study 2: AUDUSD M5 Chart
On the AUDUSD M5 chart, the Forex Prediction indicator showed a sell arrow.
After a minor retracement, the Elite Pro Scalper drew a red arrow.
A sell trade was opened at 0.66210 with a stop loss at 0.66300. Take profit was set at 0.66090.
The price reached the target within ten minutes for a 12-pip gain.
Case Study 3: EURUSD M15 Chart
On the EURUSD M15 chart, the Forex Prediction indicator displayed a buy arrow.
After a pullback, the Elite Pro Scalper drew a blue arrow.
A buy trade was opened at 1.09250. Stop loss was at 1.09050 and take profit at 1.09480.
The trade reached the target in forty-five minutes, showing that this strategy can also work for small-swing trades on M15 charts.
Strategy Tips
- Focus on major pairs like EURUSD, GBPUSD, AUDUSD, and USDJPY for the best results
- If the market is flat, skip trades even if arrows appear to avoid false signals
- Adjust stop loss and take profit according to market volatility.
- Use tighter targets in quiet periods and wider targets in active sessions
- Limit each trade to 1 to 2 percent of your account to manage risk
- Keep a trading journal to track pairs, timeframes, entry and exit points, and results for better future decision-making
- On M1, focus on micro scalps and avoid holding trades too long.
- On M15, aim to capture small swings rather than every single price movement
Download Now
Download the “forex-prediction.mq4” Metatrader 4 indicator
FAQ
Which timeframes work best with the Forex Prediction MT4 indicator?
The indicator performs best on lower timeframes such as M5, M15, and M30 for scalping and intraday trading.
Higher timeframes can support directional bias.
Can I combine Forex Prediction with other indicators?
Yes. Many traders pair it with price action, support and resistance, or momentum tools to refine entries and exits.
Is Forex Prediction suitable for swing trading?
It can work for swing setups when signals align with higher-timeframe trends and broader market context.
Summary
The Forex Prediction MT4 indicator delivers practical market forecasts by analysing trend pressure across multiple timeframes.
Its real-time arrows simplify decision-making and help traders stay aligned with dominant market forces.
The indicator works great for fast trading styles and remains flexible enough for broader strategies when combined with confirmation tools.
Future improvements could include alert options and additional filtering, but its current form already offers a reliable framework for disciplined trading.
