As the name suggests Auto Trend Forecaster indicator is a trend-following indicator for MetaTrader 4 platform. In this post, I shall discuss the usage of the indicator and also will provide you with the download link to the great indicator.
The indicator is also suggested to use with a multi-timeframe approach, i.e. an eye should be kept on the signals of other time frames apart from the time frame you are trading.
Auto Trend Forecaster Indicator Features:
- This forex system consistently generates 150+ pips profits daily.
- The maker said that no one can fail (if used correctly).
- Works at any time of the day/night.
- Average 20 to 200 pips per trade.
- The makers said that it has an 82% win rate (i.e. 8 out of every 10 trades are winners).
The Download Pack will Contain
- The indicator file: autotrendforecaster.ex4
- An installation and usage guide
Many of these indicators were built prior to MT4 600 build. Hence if you find a problem in installing the indicator you may see our post on MT4 indicators and templates installation.
The Download Link to Auto Trend Forecaster Indicator
You can download the Auto Trend Forecaster indicator for MT4 by clicking here.
Trading Rules:
- The buy trades occur when the Auto Trend Forecaster changes color from Orange to Blue.
- The short-sell trades occur when the Auto Trend Forecaster changes color from Blue to Orange.
You can check the image above to understand how simply this indicator works on any security.
Conclusion
The Auto Trend Forecaster is a forex trading tool that we used from 2013-2014. But after the Indian stockbrokers came out with good platforms like Zerodha Kite or Upstox Pro, we gradually stopped the usage of MT4. You can still try to use this, but there is no support for these indicators anymore from our side.
