Best Indicator Forever
"Day Trading H1" arrow signals · MT4 Indicator
About Best Indicator Forever
Best Indicator Forever is an on-chart MT4 signal indicator whose internal title is "Day Trading H1". We reviewed its .mq4 source (a decompiled build, so variable names are mangled): it draws blue up-arrows and red down-arrows on the chart when price breaks out of a filtered range, using MinRange 5 / MaxRange 30 pips and a HighLow filter of 10 over up to 500 history bars.
A genuinely useful extra found in the code: a built-in signal performance analyzer that scores past signals and can display their profit on-chart (magenta/aqua labels), plus popup, sound, email and push alerts ("DayTrading Alert"). Despite the name, it is an indicator, not an EA — it does not trade by itself. Because the source is decompiled and no official vendor page exists, its exact entry formula cannot be fully verified; treat the arrows as one input among several, not a standalone system.
- Platform: MetaTrader 4 (chart-window indicator)
- Type: Arrow signal indicator ("Day Trading H1") — NOT an auto-trading EA
- Key Settings: MinRange 5, MaxRange 30 (pips), HighLowFilter 10, MaxHistoryBars 500
- Extras: On-chart signal profit analyzer; popup/sound/email/push alerts; customizable arrows, boxes and fonts
- Price: Circulates free on forums
- Source: Own .mq4 source file analyzed (decompiled build — no official vendor page found)