FIP Indicator very strong repaints

On my website comes a lot of visitors on request “FIP Indicator” and of course, I decided to write an article about this indicator. But in the beginning, I decided to ask myself, what is this “beast” and why he is so much of interest to many people. If the indicator is increased interest hence he shows good results. But my disappointment was very strong, when I tested this indicator on the history. I saw that the FIP Indicator strongly repaints and has appeared absolutely useless in the trade. He draws an arrow (signal), and if the price goes in the opposite direction, the arrow repaints. This happens as long as the price nevertheless will not go in the right direction.

Characteristics of FIP Indicator
  • Platform: Metatrader4
  • Currency pairs: Any
  • Trading Time: Any
  • Timeframe: Any
  • Recommended broker: Alpari

Warning! Do not use the FIP Indicator to trade under any circumstances. FIP Indicator strongly repaints and useless for trading. FIP Indicator shows excellent results ONLY on history.

fip-indicator-repaint

My opinion is that the FIP Indicator was created only in order to “pull” a lot of money from gullible traders who want to buy a good indicator. Sadly.

In the archives FIP_Indicator.rar:

  • FIP.ex4
  • FIP++.tpl

Free Download FIP Indicator

Free Trading Signals

11 Responses

  1. waqas

    i want to know that can we used this indicator FIP Indicator on real account but i read the Warning! Do not use the FIP Indicator to trade under any circumstances. FIP Indicator strongly repaints and useless for trading. FIP Indicator shows excellent results ONLY on history.

    Let me know that
    Thanks

    • Daniel

      Absolutely. This indicator is not suitable for trade

      • jack hana

        So which system is suitable for live trading ?

        • Daniel

          No, in no case!

  2. waqas

    but what the main reason its repaints that why its not suitable ?? then how we find it this indicator ? can you tell me

    • Daniel

      I wrote earlier: “He draws an arrow (signal), and if the price goes in the opposite direction, the arrow repaints. This happens as long as the price nevertheless will not go in the right direction”

  3. waqas

    If i purchase this indicators then its work well ?? can you tell me?

    • Daniel

      Why should you buy it? Free download here and be convinced

  4. waqas

    ok we check own demo 1st if its working well we used it own real

  5. carlos b

    In my opinion this indicator could make a decent “job”, in a range trend. If we have a nice and efective up or down trend, doesn´t make a good performance.

    This indicator it is similar to other one called “the Dystany Trader”, and i agree with Daniel, i think the purpose is, when the arrow apears, we put an order , if the price goes against us ,we put another order (reducing the lot), because they expect that the price sooner or later will go to the arrow direction. But this is a very dangerous strattegie.
    Carlos B.

  6. waqas

    Which one is the best indicator here ? can you gave me link ?

    Thanks

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