What's new

Entry Reversal mt4....... 100% accuracy

2.00 star(s) 1 Vote
Here are some observations on testing this indicator out:
1. The indicator works on some zig zag -- with an arrow and a white dot signifying turning points or alerts to turning points
2. On a M5 chart, some repainting of the PAST signals ( arrow and a dot) occurs, but with the current signal remaining in its place. On a few occasions, the current signal did repaint, even after the candle has closed for 3 candles.
3. On the whole, this is a good indicator to use for entry and exit -- especially with a confirmation indicator that do not repaint. Used on its own, the trader will need to exercise some technical assessment as to the risk of the signal disappearing or repainting.
4. Used with a stop loss in the event the repainting signal works against you, the indicator has promises.
5. Used to trade a M30 swing, the repainting episodes reduces greatly. It is possible to use this indicator for time frames M30 and above for swing trading. Use with care as there are rare occasions the indicator might repaint esp extreme volatility periods and news periods.

Overall, a good contribution! Well done.
 
Last edited:
Thanks
Here are some observations on testing this indicator out:
1. The indicator works on some zig zag -- with an arrow and a white dot signifying turning points or alerts to turning points
2. On a M5 chart, some repainting of the PAST signals ( arrow and a dot) occurs, but with the current signal remaining in its place. On a few occasions, the current signal did repaint, even after the candle has closed for 3 candles.
3. On the whole, this is a good indicator to use for entry and exit -- especially with a confirmation indicator that do not repaint. Used on its own, the trader will need to exercise some technical assessment as to the risk of the signal disappearing or repainting.
4. Used with a stop loss in the event the repainting signal works against you, the indicator has promises.
5. Used to trade a M30 swing, the repainting episodes reduces greatly. It is possible to use this indicator for time frames M30 and above for swing trading. Use with care as there are rare occasions the indicator might repaint esp extreme volatility periods and news periods.

Overall, a good contribution! Well done.
Great thought boss
It seemed to be very interesting indicator
Just that one can not put full hope on it but with out analysis you can make good results
 
Here are some observations on testing this indicator out:
1. The indicator works on some zig zag -- with an arrow and a white dot signifying turning points or alerts to turning points
2. On a M5 chart, some repainting of the PAST signals ( arrow and a dot) occurs, but with the current signal remaining in its place. On a few occasions, the current signal did repaint, even after the candle has closed for 3 candles.
3. On the whole, this is a good indicator to use for entry and exit -- especially with a confirmation indicator that do not repaint. Used on its own, the trader will need to exercise some technical assessment as to the risk of the signal disappearing or repainting.
4. Used with a stop loss in the event the repainting signal works against you, the indicator has promises.
5. Used to trade a M30 swing, the repainting episodes reduces greatly. It is possible to use this indicator for time frames M30 and above for swing trading. Use with care as there are rare occasions the indicator might repaint esp extreme volatility periods and news periods.

Overall, a good contribution! Well done.
will try this one out
 
Ah, yes. This does repaint. Don't let any indicator fool you. If it repaints on a 1-min chart, it WILL repaint on a 30-min, 1-hour, 4-hour, etc.
That is just how it is.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 4, Members: 1, Guests: 3)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks