The Auto Trend Forecaster Metatrader 4 forex indicator predicts the most profitable buy and sell trend for any currency pair.
The indicator draws buy and sell signal lines in a separate MT4 window.
A blue Auto Trend Forecaster line represents a buy signal and a red line a sell signal.
The indicator can be traded as a stand alone forex indicator or in agreement with other analysis tool ar price action.
Works for any time frame. Use it for scalping, day trading and swing trading currency pairs.
For scalping purposes, use it during the London and New York trading sessions for best success rate.
The EUR/USD 15-Minute chart below displays the Auto Trend Forecaster Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Auto Trend Forecaster MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate buy trade when the line color changes from red to blue. This indicates a bullish trend reversal.
Sell Signal: Initiate sell trade when the line color changes from blue to red. This indicates a bearish trend reversal.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (TM period, Intensity) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the auto-trend-forecaster.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)