BEST No-Repaint Trend Indicator FREE Download
This trend indicator is a no-redraw indicator and easy to follow buy/sell signals . The system is based on two different proprietary indicators and Bollinger Bands. It comes with a dashboard indicator showing various helpful information .
The main proprietary indicators are based on Moving Average Crossovers, Average Directional Index (ADX) with additional filters based on capped time frames. Moving average crossover signals are good indicators of trend changes, but they perform best when the market is trending, not in a sideways market. To maximize the winning potential of the Moving Average Crossover strategy in adapting the market, the system has some additional filters such as the ADX Power Filter and the Upper TimeFrame Filter.
All input parameters can be modified in this indicator . The no-repaint indicator is fully customizable and can be successfully used in short-term trend strategies as well as mid- and long-term trend strategies.
The Best No Repaint Indicator will be a great addition to your existing trading tools. With its visual display of information, additional market filters, user customization options and automated trading signals, this best No-Repaint MT4 is the only indicator you need to trade trends.
The Trend Following Strategy is entirely 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 trend indicator can provide you with trading signals that you can take as is or add additional chart analysis as recommended 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.
The main chart of this repaint-free indicator
The color-coded smart display located on the right side of the chart displays basic price and candle information . The display also gives you instant insight into the trend position and direction of candles on the upper time frame . Therefore, there is no need to track this information on a separate chart. Here's a complete breakdown of the display features.
This BEST No-Repaint MT4 is very simple and straightforward. Even complete beginners can start trading and make profits using this system. You can set it up to send you alerts via mobile notifications, platform pop-ups, and emails . 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.
The real power of this trend indicator lies in the technical options that can be modified . There are also options to modify certain visual aspects. Below is a snapshot of all indicator technical settings and an explanation of each setting, which can be modified to suit specific trading needs .
For example, if you are a long-term investor, you may want to change the period of the slow moving average from 50 to 200. If you need this BEST No Repaint indicator to generate more signals, you can lower the ADX threshold from 25 to 20.
There are many additional options that allow the indicator to be fully adapted to any market situation and any asset available through the MT4 terminal.
- Count Bars – 1000 – Number of bars to use for the upper time range filter (leave at 1000)
- ADX filter signal – True / False – Turn on/off ADX filtering of MA cross signal
- ADX Threshold – 25.0 – A signal will only be generated if ADX is greater than this number (from 0 to 100)
- Show Arrows – True / False – Show or hide signal arrows on the screen and turn on/off trading signals.
- Alert Condition – On Bar Closed / Immediately / Immediately, minimum. Distance - signals after moving average crossovers and candle closes . Can be set immediately after MA crossover or immediately after a defined point .
- Minimum Distance (Points) – 5 – The number that defines the above set of immediate minimum distance alert conditions
- Confirm Next Upper TF (Timeframe) – False /True – A signal will be generated only if the same trend is confirmed on the upper timeframe.
- Show Lines – Moving Averages / Crossover / None – Show two moving averages on the chart, show the crossover as one line, or don’t show any MA on the chart.
- Pop Up Alerts – True / False – Turn on and off audible pop-up alerts on MT4.
- Email Alerts – True /False – Turn email alerts on and off
- Notifications – True /False – Turns push notifications on and off to mobile devices
- Fast MA Settings : Period – 5 – Define the fast moving average period
- Fast MA Settings : Method – Simple /Exponential/ Smooth/Linear Weighted – defines the type of fast moving average
- Fast MA Settings : Apply To – Close Price / Open Price / High Price / Low Price / Middle Price / Typical Price / Weighted Price – Define Fast Moving Average Application
- Slow MA Settings : Period – 50 – defines the slow moving average period
- Slow MA Settings : Method – Simple / Exponential / Smooth / Linear Weighted – Define the type of slow moving average
- Slow MA Settings : Apply To – Close Price / Open Price / High Price / Low Price / Mid Price / Typical Price / Weighted Price – Define Slow Moving Average Application
- ADX Period – 14 – Change ADX settings for BEST No-Repaint MT4. Based on 14
- ADX Apply To – Close Price / (options as above) – Define ADX application
- Use Auto TFs – True /False – Sets the automatic detection of time frames in candle directions on and off. If this feature is set to false, you will be able to manually enter the time frame for the candle direction. Use custom TF for manual setup.
- Custom TF 1 , Custom TF 2 , Custom TF 3 – 1 Hour , 4 Hours , 1 Day – Custom settings for candle direction time range. Only available if the previous Use Auto TFs setting is set to False . You can select any available time range.
- Show Panel – True / False – This setting shows or hides the smart display on the chart.
- Text Color – White – Modifies the color of visible text and arrows on the screen with “no redraw indicator”
Trading rules for this best no-repaint indicator
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.
Many novice traders overcomplicate their trading charts, sometimes looking at more than five indicators at once. Using many indicators at the same time is often confusing and counterproductive.
In these specific market conditions, some indicators send conflicting signals and users may feel mentally exhausted after each trading session. When it comes to financial markets, simple strategies are often considered more effective.
- Wait for the trend indicator in MetaTrader 4 to generate a signal. (arrows, pop-ups and email or push notifications)
- Confirm the signal using the ADX trend strength bar in the visual display section. More energy bars mean a stronger trend.
- The signal is confirmed by the trend on the upper time frame. (Optional) If the trend is the same on the upper time frame, the trend is more likely to continue.
- Finally, you can use candles on the upper time frame to confirm the signal. (Elective)
Trade Exist
Any position using this system can be liquidated using a fixed profit target. Alternatively, previous support/resistance or highs/lows should be used as reference points to set profit targets . You may also manually exit the trade if system conditions reverse .
It is recommended to use stop loss . Set your stop loss below the entry price using previous support/resistance as reference points or previous high/low swings. The use of fixed stop loss settings without any reference point is not recommended.
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ForexCracked.comBEST-No-Repaint-Trend-Indicator.zip
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