Market Sentiment Forex Indicator for MT4 FREE Download

The Forex Market Sentiment Indicator accurately predicts market sentiment with many very useful features. It is based on the assumption that 95% of retail traders are net losers . And the "smart money" or banks are almost always net winners. So does it make sense to trade against the "herd" or lose retail traders?

However, the challenge lies in finding the true market sentiment of the retail traders (group). Market Sentiment Indicator MT4 pulls data from hundreds of thousands of retail traders to show you overall market sentiment. Basically shows you what the "swarm" is doing so you can do the opposite!

It gives higher profit trading signals on any MetaTrader 4 instrument in any type of trading conditions - day trading, scalping, swing trading, top and bottom trading, etc. The system itself is easy to learn and very easy to implement. Even if you are completely new to trading.

This Strategy is completely manual. Indicators generate signals, but any decision to enter the market and set a protective stop or a profitable exit stop will be up to the trader. Therefore, traders must become familiar with the principles of risk and reward and use initial support and resistance areas to set up entries and exits.

This Market Sentiment MT4 can provide you with trading signals you can take as is or add additional chart analysis as suggested to filter them further . While the system can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account until you become consistent and confident enough to go online.

Main chart for this market sentiment indicator

In the chart below, you can see that retail traders are mostly net-long (87%) as the market continues to fall. Simply trading with the "crowd" will align you with the smart money and may give you an edge on the serious market.

Next, Market Sentiment MT4 allows you to easily assess overall market trends on different time frames without opening a bunch of charts. You may have heard, “the trend is your friend.” and "You should only trade with trends." We agree!

This feature shows you whether the market is trending up or down on each time frame. In the chart below you can see that M1, M5, M15, M30, H1, H4, D1, W1 are all showing a downward trend. And MN is trending up.

You may also notice these large red and blue "areas" on the chart shown in the previous image. This feature of the market sentiment indicator indicates areas of strong supply and demand where prices have rallied sharply in the past .

Another useful feature of this indicator is the risk calculator on the chart. It simply determines what percentage of your account you are willing to risk and how far your stop loss is from your entry price, BSI will automatically calculate your lot size.

You can set up market sentiment indicators for MT4 to send you signal alerts via mobile notifications, emails and platform pop-ups . This is helpful because it means you don't have to stare at the chart all day long waiting for a signal to appear, and can monitor multiple charts at the same time.

Market Sentiment Indicator MT4 can be used on any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, gas, etc. You can also use it within any time frame that works best for you, From 1 minute chart to 1 month chart.

The trading rules of this market sentiment MT4

Follow money management and do not trade during high-impact news periods. Exit your trades half an hour after high-impact forex news.

As always, to achieve good results, remember proper money management. To become a profitable trader, you must master discipline, emotions, and psychology. Knowing when to trade and when not to trade is crucial. Avoid trading during adverse times and market conditions, such as low volume/volatility conditions, outside of main trading hours, exotic currency pairs, wide spreads, etc.

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