Just as the name suggests, this indicators the Forex traders in predicting what will happen to the market. It is a very important tool to traders. Every trader trades with an anticipation of what will happen to the market in the near future.
Forex Prediction Indicator is displayed on a separate chart below the main trading chart. It gives a summary of the total number of buyers and sellers in the market in form of percentage. The indicators also gives the profits that are being made by the traders and also shows the closed profits.
This indicator also shows the trend and the strength of the trend on a scale of 1 to 100 in all the timeframes. This is displayed using arrow like elements that are displayed below the main trading chart. For example if you have opened a EUR/USD chart the indicator will show the trend and the trend strength of that specific currency pair in all the timeframes. It will show what the trend in M1, M5, M15, M30, H1, H4 and D1 are.
Other than providing a comprehensive information about the current situation of the Forex market, the indicator also indicates whether it is a good time to place a sell or a buy.
This indicator is very unique since it even tell you the prediction of the time left for the current market trend. This is actually every precious thing to any Forex trader since he or she will be able to decide for how long the order will run (remain open). Also, by knowing how long the trend will run, the trader is also able to make a good judgment of whether to place an order or not. For example if a trader just logs to his or her trading account wanting to trade and after loading this indicator onto a chart the indicator shows that prediction for long trend for next 1 minute 3 seconds, he or she will decide whether to trade or not. And if for instance he or she decides to place a trade, then he/she will be very alert to check what the indicator will say after 1 minute 3 seconds are over; if the indicator show that the long trend is continuing, then the trader will leave the order to run and if the indicator says otherwise the trader will close the order.
The indicator is also responsible for the formation of arrows. The arrows are formed on the main trading chart at the end of the bars. The arrows shows either uptrends or down trends. If an uptrend then the arrow is green. If a down trend then the arrow is red.
How to use Forex Prediction Indicator to place trades.
The main things to look for in order to open trades are:
- The kind of arrow formed
- The percentage of prediction
- The time left for the trend
Forex Prediction Indicator Placing a sell:
The trader should place a sell when the when the arrow is red and showing a down trend and if the percentage of the prediction is above 80% and when the time remaining for the prediction is at least 5 minutes.
Forex Prediction Indicator Placing a Buy:
The trader should place a sell when the when the arrow is green and showing an uptrend and if the percentage of the prediction is above 80% and when the time remaining for the prediction is at least 5 minutes.
The orders should be closed when an opposite signals are given.
Example of when to open orders using the Forex Prediction Indicator.
Download Free Forex Prediction Indicator