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Any non-repaint indicators that work well trading forex

  • #201
  • Nov 20, 2018 11:16pm Nov 20, 2018 11:16pm
Quoting COmar.FX
and now the entry for Buy ... and close in the middle of BB daily line {image} {image}
Hello bro,i need this indicator,with template.it shows great result.reply me thank u.
  • #202
  • Nov 21, 2018 8:15am Nov 21, 2018 8:15am
Quoting Davit
{quote} check my system http://www.forexfactory.com/showthread.php?t=497505
I see that you have two systems. one is pivot and another one is BB.
Which one you suggest for newbie trader like me?
Thanks
Determination + Persistence = Success
  • #203
  • Nov 21, 2018 9:40am Nov 21, 2018 9:40am
Indicators that don't repaint usually refrain from declaring their signals until it is safe to do so. For example, arrow indicators don't show the arrow until say 15 minutes after the location that it should have been painted. Some zigzags don't paint the last leg after it is certain that the leg should be painted. You can compare the non-repaint and repaint zigzags side by side and see for yourself.
If my statement above is true (and I expect it be contested), then the difference between non-paint and repaint indicators is just human perception and psychology. It is like telling a programmer who is going to make the indicator that you can't trust the findings of the indicator unless it is written in stone. Then, the programmer gives you what you want by delaying the signal until it is written in stone.
What I like to see are indicators that give the signal where they should and then if the pair overshoots the indicator's signal, it then makes a new signal with a slightly different symbol. For example, you first get a small arrow. Next a medium one, next a large one and so on. Or a dot, then a circle around it and then another circle around that. Or they can be numbered 1,2,3....
This way, you get a sense of when the indicator is repainting and why. You can tie that into other circumstances. For example, is it news time that is Mmaking the indicator not do too well? Or whatever else is going on. That way, during that particular event, by experience, you know not to trust the first signal but if everything is calm n the indicator gives you the signal, then maybe the first signal is trustable.
If the indicator reveals its own weakness by numbering it's errors, then maybe you can count how many levels it registers until it finally comes up with the ultimate signal. This way, for example if the indicator has reached 5 repaints max, then next time it shows the 5th repaint, you can be pretty sure it is a good signal.
  • #204
  • Nov 21, 2018 10:04am Nov 21, 2018 10:04am
The channel indicators don't seem to be too much the subject of criticism for repainting. How many times have you seen the price pierce the boundaries and come back and pierce it again and again. That is equal to the repairing of for example an arrow indicator but we don't seem to get too mad at channels because we can see what is happening. We can see that the price went through the boundary 2 or 3 or more times so we don't feel betrayed and lied too. We are familiar with the concept of stepling over a line and coming back within. Every repainting indicator should just show us their fallibilities so we can take the circumstances and decide for ourselves what the chances of a successful trade is.
Another way to get around this is to have your best indicator, a channel one for example and then a repainting one that you like for whatever reason and calibrate the performance of the repainting one against the visual results of the channel indicator. That is basically saying have a few indicators that confirm each other. Everyone knows that. Right?
  • #205
  • Nov 21, 2018 6:53pm Nov 21, 2018 6:53pm
unfortunately, there are no magic indicators - all of them are a pure crap, standard MT4 indis modified a little bit and sold for hundreds of dollars on the sites like MQL5 (I've checked it by myself), so it's better to focus on creating something really simple, a really simple strategy that won't need any of them... something based on SR levels, swing points and trend following...

remember - nothing comes easy in a FX world
Trade or not to trade - that is the question...
  • #206
  • Nov 21, 2018 7:02pm Nov 21, 2018 7:02pm
Quoting freakout
unfortunately, there are no magic indicators - all of them are a pure crap, standard MT4 indis modified a little bit and sold for hundreds of dollars on the sites like MQL5 (I've checked it by myself), so it's better to focus on creating something really simple, a really simple strategy that won't need any of them... something based on SR levels, swing points and trend following... remember - nothing comes easy in a FX world

That is interesting to know for new trader like me. May I ask you to suggest some basic systems to explore? thanks
Determination + Persistence = Success
  • #207
  • Nov 21, 2018 8:09pm Nov 21, 2018 8:09pm
Quoting SKLearn
{quote} That is interesting to know for new trader like me. May I ask you to suggest some basic systems to explore? thanks
well, the only one thing that I can recommend from my own (and other traders) experience is to always trade with trend - buy on higher lows if earlier price has made a new higher high and sell on lower highs if earlier price has made a new lower low and of course avoid any "holy grail" systems as these don't exist and are mostly a scams
Trade or not to trade - that is the question...
  • #208
  • Nov 21, 2018 8:59pm Nov 21, 2018 8:59pm
Quoting freakout
{quote} well, the only one thing that I can recommend from my own (and other traders) experience is to always trade with trend - buy on higher lows if earlier price has made a new higher high and sell on lower highs if earlier price has made a new lower low and of course avoid any "holy grail" systems as these don't exist and are mostly a scams
Thank you
Determination + Persistence = Success
  • #209
  • Dec 11, 2018 9:28am Dec 11, 2018 9:28am
there is no despair ... you may try this
Attached File(s)
File Type: ex4 CO_3_Level_ZZ_Semafor_NRP_Alerts.ex4   24 KB | 5,520 downloads
  • #210
  • Jan 4, 2019 2:33pm Jan 4, 2019 2:33pm
Hi COmar Just loaded your Co 3 Level ZZ Semafor NRP Alert on to a AUD/JPY on a 15M & it is giving awesome results for today @ over 200 pips gain.




Since is this is a NRP Semafor would you consider these returns as correct? Have attempted to apply the indicator to a 1M chart, but it will not load.



Any advise, views or comments would be greatly appreciated from you or anyone willing to share how you use this indicator . Maybe I'm missing something.


Thank you.
  • #211
  • Jan 4, 2019 3:31pm Jan 4, 2019 3:31pm
Quoting COmar.FX
there is no despair ... you may try this
Sorry -- your CO_3_Level_ZZ_Semafor_NRP_Alerts.ex4 indicator does repaint. I just now checked it in MT4's Strategy Tester.

Repainting (and recalculating) indicators aren't necessarily bad since they can be useful in terms of providing a "heads-up" as to what lies ahead. However, problems do occur if you rely on them for generating BUY and SELL signals.
  • #212
  • Jan 4, 2019 6:35pm Jan 4, 2019 6:35pm
Well Robots you answered my question. I thought it would do that when tested. Tried to load it on the 1M, but it would not load. Thank you.
  • #213
  • Jan 4, 2019 9:11pm Jan 4, 2019 9:11pm
Quoting OutThere
Indicators that don't repaint usually refrain from declaring their signals until it is safe to do so. For example, arrow indicators don't show the arrow until say 15 minutes after the location that it should have been painted. Some zigzags don't paint the last leg after it is certain that the leg should be painted. You can compare the non-repaint and repaint zigzags side by side and see for yourself. If my statement above is true (and I expect it be contested), then the difference between non-paint and repaint indicators is just human perception...
Indicators like that exist already ( even for zigzag), search around the forum a bit.
They don’t give any edge tho.
  • #214
  • Jan 4, 2019 9:19pm Jan 4, 2019 9:19pm
Quoting OutThere
The channel indicators don't seem to be too much the subject of criticism for repainting. How many times have you seen the price pierce the boundaries and come back and pierce it again and again. That is equal to the repairing of for example an arrow indicator but we don't seem to get too mad at channels because we can see what is happening. We can see that the price went through the boundary 2 or 3 or more times so we don't feel betrayed and lied too. We are familiar with the concept of stepling over a line and coming back within. Every repainting...
Price piercing the boundaries then coming back inside and piercing it again is not repainting.
Price piercing the boundaries and couple candles later, it appears as price never did cross any boundariy is repainting. Tma indicator is very good at repainting this way.
Repainting indicators are good at only one thing : wasting time.
  • #215
  • Jan 4, 2019 9:37pm Jan 4, 2019 9:37pm
lol
  • #216
  • Jan 10, 2019 3:40pm Jan 10, 2019 3:40pm
Hello Santi,

do you have an updated version of the indicator " arrowindicator ", you put on post 107

thank,s
  • #217
  • Jan 13, 2019 8:28pm Jan 13, 2019 8:28pm
One more....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30.png Size: 26 KB
Attached File(s)
File Type: ex4 PROFIT_BODYGUARD_TRADERS V3.ex4   24 KB | 7,044 downloads
  • #218
  • Jan 13, 2019 9:58pm Jan 13, 2019 9:58pm
Quoting COmar.FX
One more.... {image} {file}
It repaints, i tested it on 1m.
  • #219
  • Jan 20, 2019 2:35pm Jan 20, 2019 2:35pm
one more again
Attached Image (click to enlarge)
Click to Enlarge Name: SBNR arrows.png Size: 25 KB
Attached File(s)
File Type: ex4 SBNR arrows nrp.ex4   33 KB | 7,780 downloads
  • #220
  • Jan 20, 2019 2:38pm Jan 20, 2019 2:38pm
Quoting COmar.FX
one more again {image} {file}
hmm, I wonder why it didn't print any arrows for the most recent 14 candles? How can I go back in time and take advantage of that last short signal?
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