You can now download the Neural Network BPNN Forex Predictor indicator for free on AtoZ Markets indicators gallery.
Neural Network BPNN Forex Predictor indicator is part of MT4 trading system that uses machine earning algorithms to estimate the future movements of Forex.
BPNN Predictor indicator uses a neural network with three layers. This Forex Predictor tool can help establish profit targets on trend trades or alert a trader to where potential trend reversal areas could develop. BNPP Predictor works on any currency pair and we recommend to use it on H1 and higher timeframe.
How to trade with Neural Network BPNN Forex Predictor indicator?
The indicator is presented in two forms: BPNN Predictor and BPNN Predictor with Smoothing, in which the EMA smoothing is used. The BPNN Predictor is building on a price chart three lines: Red, Blue, and Black. The Red forecasts the future prices i.e Buying or Selling signals, the Black line indicates the opening prices and the blue indicate the network outputs obtained during the study given to the input data.
Buy Strategy: The trading strategy is to buy at the lower price when the Smoothing Redline forecasts uptrend movements.
Sell Strategy: The trading strategy is to sell at a higher price when the Smoothing Redline forecasts downtrend direction.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Neural Network BPNN Forex Predictor indicator” template to apply it on the chart.
Note: Neural Network BPNN Forex Predictor indicator was was sent by an AtoZMarkets follower from Romania. AtoZMarkets does not carry any copyrights over this trading tool.