MQL5 continues to be one of the most extensive resources in the Forex market. Their exclusive product marketplace gives traders access to many different product offerings including over 28 pages of Forex indicators. 8 of those pages are completely free indicators, but the quality is substantially lower when dealing with unpaid services. The main benefit of the market, is the diversity of options available, and the fact that every day traders can analyze hundreds of different products in order to find one that suits their personal trading style and interests. The reason that this is ranked number one, is because each system comes with client reviews, comments and free demos.

PipFinite Trend Pro could essentially be categorized under the MQL5 umbrella, because it is indeed sold in the MQL5 market, but it deserves its own ranking as it is the most popular Forex indicator out of the thousands on their website. First released on January 15, 2018, this Forex indicator uses support and resistance levels alongside a strict set of rules that trigger buy and sell signals accordingly.

Forex Gump is another Forex indicator sold in the MQL5 marketplace. The main difference between this product, and most of the others reviewed in this section, is that the vendors actually provide the strategy in both indicator and Forex robot form. This is a very helpful approach, because it gives the vendor the opportunity to easily provide the community with verified trading results, although much like every other vendor in this market, they fail to do so.

APA Zones is both a Forex indicator and educational service that wants to help introduce and strengthen the knowledge of their clients on price action trading. Their program includes training videos, indicators, templates and the community Skype room to discuss trading strategy. The indicator is offered by Gabriel brand, a sole proprietor located in Long Beach California. While it’s quite difficult to make your way through the website, and figure out where you should start, it is quite apparent that the developer does have a fair bit of knowledge about price action trading.

NewGen Trades is a Forex indicator described as so simple “that even an 8-year-old kid could use it.” Unlike the other indicators reviewed up to this point, this is not sold on the MQL5 marketplace. Instead, it is developed by a company that claims to have 15 years of experience in the trading industry.

PipBreaker is a highly marketed Forex indicator developed by the WeTalkTrade team. The vendors promising 90-93% success rate with the signals generated from their indicator and advertisees itas “the most efficient way to trade manually.

Currensys is an older indicator package, that isn’t discussed too frequently, but because it’s built to work with NinjaTrader, eSignal, and MCFX/Multichart platforms, I felt it was important to included on this list. Every single Forex indicator covered up until this point has been built exclusively for MT4 or MT5, but if you don’t use that platform, then maybe you would be interested in this Forex indicator, even if it is much older.

EFC Indicator is a Forex trading product that promises to find effective opportunities for its clients in less than 60 seconds. Developed by the trading strategy guides group, they make aggressive claims about their product, saying that it can consistently make over $1000 per week.