The Forex Prediction Trend indicator for mt4 (Metatrader) is a forecasting trend prediction tool that takes all market principles into account.
The indicator pops up in a separate MT4 chart window as some sort of dashboard indicator with all market analysis plotted in it.
- Predicts the trend for the M1, M5, M15, M30, H1, H4 and D1 chart.
- Displays the number of market buyers versus sellers.
- Displays buyers & sellers trend bars for ease of use.
The Forex Prediction Trend indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “forex-prediction.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Forex Prediction Trend mt4 indicator in action.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Prediction Trend 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: Trend prediction
Does the indicator repaint? No.
Forex Prediction Trend Indicator + X Points Forex Scalper MT4 Scalping Strategy
This MT4 scalping strategy combines the Forex Prediction Trend Indicator and the X Points Forex Scalper Indicator to capture short-term trading opportunities.
The Forex Prediction Trend Indicator analyzes multiple timeframes from M1 to D1 to determine the overall market trend.
The X Points Forex Scalper provides precise buy and sell signals.
This strategy works best for scalpers and intraday traders on 1-minute to 15-minute charts.
Buy Entry Rules
- Check that the majority of arrows on the Forex Prediction Trend Indicator point upwards, signaling a bullish trend.
- Wait for a blue arrow from the X Points Forex Scalper Indicator, confirming a buy signal.
- Enter a buy trade at the close of the candle with the blue arrow.
- Set a stop loss just below the most recent swing low.
- Set take profit at a 1:1.5 risk-to-reward ratio or at the next resistance level.
Sell Entry Rules
- Check that the majority of arrows on the Forex Prediction Trend Indicator point downwards, signaling a bearish trend.
- Wait for a red arrow from the X Points Forex Scalper Indicator, confirming a sell signal.
- Enter a sell trade at the close of the candle with the red arrow.
- Set a stop loss just above the most recent swing high.
- Set take profit at a 1:1.5 risk-to-reward ratio or at the next support level.
Advantages
- Multi-timeframe analysis improves the accuracy of trend detection.
- Clear buy and sell signals from the X Points Scalper reduce confusion in trade entries.
- Designed for scalping, allowing quick capture of small price movements.
- Predefined stop loss and take profit levels help manage risk.
Drawbacks
- Requires constant monitoring due to the fast-paced nature of scalping.
- Small pip targets mean trades may need frequent execution to accumulate gains.
- Some brokers may restrict scalping strategies, affecting execution speed.
Example Case Studies
Case Study 1: AUD/USD M5 Chart
The majority of arrows on the Forex Prediction Trend Indicator were pointing upwards.
A blue arrow appeared on the X Points Forex Scalper Indicator, signaling a buy.
The trade was opened at 0.6785 with a stop loss at 0.6778.
Price moved quickly to 0.6802, hitting the take profit target in about 12 minutes.
Case Study 2: USD/JPY M5 Chart
The majority of arrows on the Forex Prediction Trend Indicator were pointing downwards.
A red arrow appeared on the X Points Forex Scalper Indicator, signaling a sell.
The trade was opened at 149.25 with a stop loss at 149.38.
Price dropped to 149.02, reaching the take profit target within 15 minutes.
Strategy Tips
- Use this strategy primarily on M1 to M5 charts for quick scalping opportunities.
- Avoid trading during major news releases to reduce the risk of false signals.
- Use proper risk management and set stop losses and take profits for every trade.
- Practice on a demo account to gain confidence before trading live.
Download Now
Download the “forex-prediction.mq4” indicator for Metatrader 4
