So far, I'm in the 3rd trade.. and I have to say.. both indicators appear to stink on any timeframe I put it on, and repaint. If I find any indicator that may possibly show some merit.. I'll post it here.
Anyone trying to create a winning system in forex have many obstacles in their path. There appears to me to be many systems, and indicators posted on the internet forums that simply don't work. in my opinion any hopes of creating, or trading a winning system would need to incorporate a non repainting indicator, or multiple non repainting indicators to be used to enter trades. The 3_level_semafornrp alert indicator I tested on lower, and higher timeframes, and unfortunately it re-paints. The other next-move indicator I posted and tested does not appear to demonstrate any benefit for me to use to trade with. Instead of predicting the next-move.. what is happening is that the future line is simply changing constantly according to what the price is on any timeframe, and at any given time. Flipping a coin, and guessing heads or tails should produce the same results. Below, i am posting a third indicator which I did have professionally tested. The S.S. Short term trend indicator does have some merit for being used for trading. These are the facts about it.. It is a cross between a re-painting indicator, and a non- repainting indicator. It has been tested, and it does repaint, but not that much. I am going to start to test this one instead. First I am going to test it "as is" then if I see that the minor repainting becomes an issue.. I simply will add an EMA line to appear over the indicator on the chart it is on, and I will set the EMA line to cross over this indicator to indicate when to enter a trade.
Hi fredgold3434, the S.S. Short Term Trend indicator has 2 different alerts. Look under inputs for this indicator when your installing it on a chart. 1 alert sounds and there is a pop-up alert stateing " possible trend change". The second alert states " trend change had occurred. You can turn on 1 or both alerts under this indicators inputs. My idea was to enter a trade on the second alert, and close the open position on the first alert. I think I'm going to test this. TD
