Best MT4 Indicators? There is no denial of the fact that mt4 indicators are as popular in the market as Forex robot. Only difference is the attitude of people using the two. Usually lazy traders who want system to do everything for them prefer Forex robots while traders who have faith and confidence in manual trading prefer mt4 indicators. Keep reading this topic on our best forex indicator blog.
What are mt4 indicators?
Unlike forex robots, mt4 indicators do not work on fully automated mt4 trading platform, but they only give tips for most feasible entry and exit points. Though it is an important trading algorithm, but the trader need to manually enter all their trade entries as the indicator will not do it for him. It will be interesting to note that many traders prefer this manual process over fully automated as they have full control over their trades and account. Developers of mt4 indicators constantly tries to make the indicator simple, useful and more adjustable.
Since you have to enter all the trade entries manually, it is very important to get full knowledge of how a particular indicator works, before starting to trade with the help of the indicator. Each indicator has templates and videos explaining how it works, for any further quarries or assistance you can contact the developers of the indicator.
Review of best mt4 indicators!
Now let us review some of the best mt4 indicators which can help you in becoming a successful forex trader.
Infinity trend line indicator!
Infinity trend line indicator is one of the most popular mt4 indicator and secures first position in the list of best mt4 indicators. It basically works on an analysis of average of longs and shorts. Basically it works on the average of total bulls and bears in the given time frame. It clearly tells the trend change, entry point of trade along with take profit and stop loss values.
Best part about Infinity trend line indicator is that it has moving panel display showing older trading trends, its success rate and win and loss ratio of last 500 candle trades. Indicator amplitudes, stop loss and take profit values, high time frame signal, super signal function, notifications through sound alerts, push messages and emails along with general update are some of the features offered by Infinity trend line indicator.
It will be interesting to note that full version of Infinity trend line pro indicator also offers advanced service of scanner pro panel to the users. it is usually available for 8 varying pairs or 9 high time frames. The infinity trend line indicator works good with a live currency strength meter.
This mt4 indicator is responsive to any mt4 instrument and can be used for any pair. Icing on the cake is that using Infinity trend line pro you can trade one of several pairs on different time line. These features makes infinity trend line indicator one of the best mt4 indicator and a must have indicator for forex traders.
PIP finite trend pro indicator!
Another popular mt4 indicator is PIP finite trend pro indicator. It secures second position in the list of best mt4 indicators mainly because of its efficiency, accuracy and convenience. It trend detection is not only accurate and efficient but it is presented in such a way that it becomes quite easy to understand and visualise.
Pip finite trend pro indicator comes with plethora of filters which not only helps you in customising your trades but also improve your trading strategies with each trading sessions. Apart from that its statistic calculation is quite enhanced to give reliable entry points, stop loss, take profit and exit points to the traders.
Best part about PIP finite trend pro indicator is that it never repaints, back paints or recalculate its figures to avoid confusion in the mind of traders regarding the trading strategies. It strictly adheres to close of the bar to signal trends. Apart from that it is responsive to all types of symbols and timeframes. It is completely compatible with expert advisor development. It send trade alerts in the form of sound signals, push notifications and emails.
Bruces price predictor!
Another reliable mt4 indicator which never repaints its values in Bruces price predictors. It secures third position in the list of best mt4 indicators because it is an arrow indicator showing most precise price reversals. Since there is high degree of accuracy in price reversal prediction by Bruces price predictor, it is very useful for scalping on 1 minute time frame and swing trading on one hour time frame. For entry and exit signals, this MT4 indicator shows buy and sell arrows on the chart.
It will be interesting to note that though this mt4 indicator do not repaint the values but they always ask for confirmation entries after close of each candle or bar close. You can easily use this mt4 indicator on any pair and in any given time frame. It is one of the best forex indicators available for both new and seasoned forex traders.
It is very easy to use. All you have to do is download this indicators, default settings and you are all set to trade every day. It send you trade alerts by mobile alerts, desktop alerts and email alerts.
Price Action diver power!
If you are looking for a ready-made trading system for your daily forex trading, then you should surely download price action diver power. This mt4 indicator is equipped with independent analysis of the market, to determine the crucial moments of price reversal and follows rules of divergence and convergence for roll back.
If we talk about the signals of opening or closing the trade or the point where stop loss has to be put or profit has to be taken, this mt4 indicator gives one of the most precise and clear indications.
It will be interesting to note that you get all the trade alerts using push notifications. Apart from that you can connect your mt4 platform synced with Price action diver power with VPS server to get all your notifications on your smart phone and directly trade from there using mobile version of mt4 or mt5.
You can easily adjust various parameters of trade in the indicator as per specific currency pair or the time frame. It does not redraw its signals or calculations.
To know more about best mt4 indicators checkout https://best-forex-indicator.com/best-metatrader-indicators/