There are thousands of Meta Trader 4 indicators and trading systems available in the Forex market. But, which MT4 indicator can you use? Which one do you use to increase your profitability? You could as well create your own custom indicator according to your needs too.
Top MT4 custom Forex indicators
Traders use Forex indicators to identify high probability trade entry and exit points. Here, I have shortlisted the best custom Forex indicator from our indicator directory which our followers have shared good feedback for.
Hercules MT4 scalping indicator for Meta Trader 4 is an all-in-one Trend and entry indicator. This custom trading indicator is suitable for all Forex pairs including Gold. The preferred timeframe would be M5. It is one of my top MT4 custom trading indicators. This tool generates enough valid entries per pair per day.
Are you excited to test this trading indicator? Do it with an AtoZ Approved broker for free:
Few users have informed us that their profitability rose to 80-85 % by integrating this indicator into their trading strategy.
Hercules MT4 scalping indicator, Currency pair- EURUSD, Timeframe- M5
Automatic Double Top finder Indicator for Meta Trader 4 is another one of my top MT4 trading indicators. This trading tool will help you to find double-top and double-bottom chart patterns easily. You can set up breakout signals and alerts. You can use this indicator with any currency pairs and on any time frame.
However, preferably you should try it on H1 or lower time frames. Moreover, it’s relatively easy to trade with the Automatic Double Top finder indicator. After finding a possible entry point, the indicator displays either a blue arrow which is a bullish signal to buy, or a red arrow which is a bearish signal to sell.
WARNING: Sometimes you may see a repaint. You should do your own research before trying these tools with live accounts.
Automatic Double Top finder indicator, Currency pair- EURUSD, Timeframe- M30
Any MT4 indicator in multiple timeframes is a tool that helps you to see standard Indicators in one sub-window for multiple time frames. But the display isn’t like a simple MT4 indicator. This is the real display of the indicator on its timeframe.
Like the indicators and want to try it out? Start with a free account from an AtoZ approved broker:
Although this is not a separate indicator, many traders enjoy using this tool.
Any MT4 indicator in multiple timeframes chart, Currency pair: GBPUSD, Timeframe: M15
Auto Fibonacci Indicator for Meta Trader 4 is a trend and entry indicator. You can use this MT4 indicator with all of the major Forex pairs. The top-performing timeframe for this indicator is M5 or higher. When we tested it, the Auto Fibo Indicator generated multiple trade options per day.
Auto Fibonacci Indicator chart, Currency pair: AUDUSD, Timeframe: M30
BPNN Predictor indicator uses a neural network with three layers. This Forex price prediction tool can help establish profit targets on trend trades. Alternatively, the tool can also alert you about possible trend reversal areas. BNPP Predictor works on any currency pair and we recommend to use it on H1 and higher timeframe.
Neural Network BPNN Forex Predictor indicator preview
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Before you start trading Forex, you'll want to read this.
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