Forex Candle Predictor Indicator MT4

MT4 Free Download

The Forex Candle Predictor Indicator MT4 is an extraordinary forex trading tool that has the ability to accurately forecast upcoming candlesticks automatically. It simply draws the next potential candles directly on charts. It’s definitely one of the most unique gauges. That indicator is free to download.

Sounds interesting? Let’s take a closer look at it.

Forex Candle Predictor Indicator: Introduction

MT4 Indicator Overview

The download link of the Forex Candle Predictor MT4 indicator is placed at the bottom of this post. Once you’re done, your Metatrader 4 trading chart should look similar to the example below.

Forex Candle Predictor Indicator Example Chart 1

The prediction is directly plotted on the chart as the bluish candles are the ones that are expected to occur in the nearest future. Forex traders, regardless of their skill level, can benefit from the versatile applications of the indicator. It serves as a valuable tool for trade entry/exit confirmation and maximizing profits on existing trades. Moreover, it is highly recommended for novice, intermediate, and advanced traders in the forex market.

Additionally, the indicator proves to be compatible with various trading styles, including scalping, day trading, and swing trading.

The Forex Candle Predictor indicator showcases its efficiency and accuracy, demonstrating its remarkable ability to forecast candlestick patterns. However, it is important to acknowledge that the indicator’s signals exhibit a high degree of accuracy specifically in trending markets. Furthermore, the reliability of the candlestick predictions significantly increases when applied to higher timeframes.

Forex Candle Predictor Indicator Example Chart 2

How To Interpret The Forex Candle Predictor Indicator Readings?

The above image shows the Forex Candle Predictor in action. The indicator predicts that the price will rise to a certain level which also seems to be a resistance level. Candlesticks suggest that after touching that resistance level, the price will then drop. Forex traders should pay attention to price action if it fits the suggested movement and act accordingly.

How to set up that MT4 indicator in your trading platform?

Installation Guide

Download the Forex Candle Predictor Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the Forex Candle Predictor.ex4 or Forex Candle Predictor.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Conclusion

The MT4 Forex Candle Predictor indicator for MetaTrader is a highly intuitive trading tool that simplifies the technical analysis by accurately predicting the direction and type of candlesticks if the will be bullish or bearish. Essentially, it takes care of the analytical work, allowing you to make informed trading decisions with ease. Forex market conditions will have an impact on the performance of that indicator.