Best NON-Repaint Indicator
MT4
he Best NON-Repaint indicator for MT4 delivers reliable buy/sell signals that do not repaint.
The Best NON-Repaint indicator for MetaTrader 4 is a forex indicator built with different variables like the dynamic lines and signal arrows to deliver high-probability buy/sell setups. As the name suggests, it delivers non-repainting signals that do not change position in the future.
This technical indicator is one of the most recommended trading tools for both beginners and advanced forex traders because the signals are not re-positioned. This makes it very suitable for a back-test to ascertain the win rate of the indicator.
Best NON-Repaint Indicator Buy/Sell Signals
The above image shows the action of the Best NON-Repaint indicator on a EURUSD pair in the M30 timeframe. The blue and red arrow posits buy/sell signals, respectively. Conversely, the two dynamic lines tell the trend direction of the market – green represents a bullish trend, while red depicts a bearish trend.
Furthermore, a buy or sell signal is valid when all the variables of the indicator are in agreement. For instance, a buy signal is valid when the indicator paints a blue arrow, which should also agree with the bullish trend (green lines).
So, you may open a buy position when the indicator paints a blue arrow, which should also sync with two green lines. Similarly, you may sell an asset when the indicator displays a red arrow that also agrees with the two red lines.
Conclusion
The Best NON-Repaint indicator for MT4 is a suitable trading device for scalpers and day/intraday forex traders. However, you need to carry out a back-test to ascertain the winning rate of the indicator before using it on a live account. Besides, it is free to download.
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