BEST Non-Repaint Trend Indicator
This Trend Indicator provides clear buy/sell signals and is a Non-Repaint Indicator. It has a dashboard indicator that displays a variety of valuable data. Bollinger bands and two different unique indicators form the foundation of this method.
Although moving average crossover signals effectively predict shifting trends, they work best in trending markets rather than sideways. Moving Average Crossovers, Average Directional Index (ADX), and Additional Filters based on Upper time frames form the foundation of the major proprietary indicator work. This system includes a few more filters, including the ADX Power Filter and Upper TimeFrame Filter, to maximize the potential of the moving average crossover technique in adaptive markets.
You can modify all input parameters. The indicator is fully customizable and you can use them successfully in short-term trend strategies as well as medium to long-term trend strategies.
The indicator will be a great addition to your existing Forex tools. It has an informational visual display, extra market filters, customization options, and automated trading signals, the No-Repaint MT4 is the only indicator you will ever need to trade trends.
The Trend Following Strategy only uses manual processes. The indicators generate the signals, but the trader decides whether to enter the market and establish protection stops or profitable exit stops. As a result, the trader must be experienced with the concepts of risk-reward, entering and exiting trades at support and resistance levels.
This trend indicator can provide you with trading indications that you can use as-is or further filter using additional chart research. However, traders of all experience levels can use this strategy. It may be helpful to practice trading on an MT4 demo account until you are reliable and self-assured enough to trade in real time.
Main Chart of this Non-Repaint Indicator
The crucial price and candle information is displayed on the color-coded Smart Display, which is situated on the right side of your chart. You may also get quick insights about trend position and candle direction on higher time periods from the display. Therefore, it is unnecessary to track this data on distinct charts. The display's features are broken down in detail below.
This BEST No-Repaint MT4 is very easy to understand and use. You can configure it to send you signal alerts via email, platform pop-ups, and mobile notifications. This is advantageous since it allows you to keep an eye on numerous charts at once rather than spending the entire day waiting for signals to come. This strategy allows even a total novice to begin trading and earning money.
You can change the technical settings of this Trend Indicator to its actual potency. Additionally, there are opportunities to change various graphic elements. You can see the technical settings in the photo below, along with an explanation.
For instance, if you're a long-term investor, you might wish to increase the Slow Moving Average's duration from 50 to 200. Lowering the ADX threshold value from 25 to 20 will increase the number of alerts produced by this BEST Non Repaint Indicator.
To fully customize this indicator to every market situation and asset available through your MT4 terminal, numerous extra choices are available.
- Count Bars – 1000 – The number of bars used for the upper time frame filter (leave at 1000)
- ADX Filter Signals – True / False – Turns On/Off ADX filtering on MA crossover signals
- ADX Threshold – 25.0 – Signals will be generated only 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 with min. Distance – Issue signals after MA crossover and candle close. This can be set to immediately after MA crossover or immediately with defined points.
- Min Distance (points) – 5 – Define the number for the above set of Immediately with minimum distance alert condition
- Confirm On Next Upper TF (time frame) – False / True – Signals will be generated only if the same trend is confirmed on the upper time frame.
- Show Lines – Moving Averages / Crossovers / None – Show both Moving Averages on the chart, show crossovers as a single line, or do not show any MAs on the chart.
- Pop-Up Alerts – True / False – Turn on and off pop-up alerts with sound on MT4.
- Email Alerts – True / False – Turn on and off email alerts
- Notifications – True / False – Turn on and off push notifications to mobile
- Fast MA Settings: Period – 5 – Define the fast Moving Average period
- Fast MA Settings: Method – Simple / Exponential / Smoothed / Linear Weighted – Define the type of the fast Moving Average
- Fast MA Settings: Apply To – Close Price / Open Price / High Price / Low Price / Median Price / Typical Price / Weighted Price – Define the fast Moving Average application
- Slow MA Settings: Period – 50 – Define the slow Moving Average period
- Slow MA Settings: Method – Simple / Exponential / Smoothed / Linear Weighted – Define the type of the slow Moving Average
- Slow MA Settings: Apply To – Close Price / Open Price / High Price / Low Price / Median Price / Typical Price / Weighted Price – Define the slow Moving Average application
- ADX Period – 14 – Changes ADX setting of the BEST No-Repaint MT4. 14 is used as the standard
- ADX Apply To – Close Price / (options as above) – Define the ADX application
- Use Auto TFs – True / False – Set automatic detection of upper time frames in Candle Direction to on and off. If this feature is set to false, you will be able to manually enter the time frames for the Candle Direction. Use Custom TFs for manual settings.
- Custom TF 1, Custom TF 2, Custom TF 3 – 1 Hour, 4 Hours, 1 Day – Custom settings for time frames of candle direction. It can only be used if the previous Use Auto TFs setting is set to False. You can choose any time frame that is available.
- Show Panel – True / False – This setting shows or hides the Smart Display on the charts.
- Text Color – White – Modify the color of the No-Repaint Indicator visible text and arrows on the screen
Trading rules for this BEST Non Repaint Indicator
Stick to your money management plan and avoid trading during breaking news. Half an hour after the big currency news, stop your trades.
As usual, use wise money management to get the best outcomes. It would help if you master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Avoid trading at times and under unfavorable market conditions, such as low volume or volatility, outside of the main sessions, with exotic currency pairs, wider spreads, etc.
Many inexperienced traders make their trading charts overly complex, sometimes displaying more than five indicators. Using many indications at once can be confusing and useless.
Some indicators will offer contradicting indications in these specific market conditions, and the user can experience mental fatigue after each trading session.
In financial markets, a straightforward approach is frequently regarded as being far more successful.
- 1.Wait for the MetaTrader 4 trend indicator to produce a signal. (arrow, pop-up window, email, and/or push notification)
- 2.The ADX Trend Power bar in the visual display area can be used to verify the signal. A stronger trend will have more power bars.
- 3.Compare the signal to the trend on higher time frames to confirm it. (optional) If the trend is the same in the higher time frames, it is more likely to continue.
- 4.Finally, you can use the candle on higher time frames
to verify the signal. (optional)
This approach allows for liquidating any positions using a predetermined profit target. As an alternative, the profit objective should be established utilizing prior support/resistance levels or high/low levels as a guide. If the system conditions change, you can also manually close the transaction.
It would be best if you set a stop loss. Using prior support/resistance as a guide, set SL below the entry price. Or on the high/low swing that came before. You should use fixed stop loss values without any reference points.