DislikedI tested this indicator and it repaints even when the bars close. It shows a much better picture in the backtests than in live trading. Also try to trade for a while and then turn off your MT4 and turn it back on and you will see what I'm talking about.Ignored
I am a heavy user of Supertrend. All systems that I use, include it as one of the main elements.
What I can say in connection with Paulus' system is that:
1) it is one of the best that I have found in FF;
2) if a trader has little understanding about the market then it may demand at least some other filter(s);
3) if a trader has absolutely no understanding about the market then it is better for him to find another hobby;
4) the system works best for EU and EY, especially EU.
Attached File(s)
SuperTrend nrp mtf.mq4
7 KB
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2,442 downloads