100% Non Repaint Indicator V15.0 – Free Download
100% Non Repaint Indicator V15.0 is, in fact, not an indicator, but an indicator strategy based on two indicators, one of which is the main indicator, and the second based on the MA acts as a trend filter. As the name of the strategy implies, the main indicator is not 100% repaintable under any circumstances. But about the indicators a little later.
Characteristics of the 100% Non Repaint Indicator
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended Major
- Trading Time: Any, recommended London and New York trading sessions
- Time Frame: M5-D1
- Recommended broker: Roboforex, XM, IC Markets
System Indicators
The heart of this system is the 100% Non Repaint Indicator V15, which is the renamed Russian indicator Cluster Trader System, about which I will certainly write in one of my next posts - it deserves it, so stay tuned. The 100% Non Repaint Indicator V15 has a wide functionality and can be a whole trading system with additional filters, but it plays the role of the main signal indicator in this strategy. The indicator generates a trading signal based on the formed Bullish/Bearish Pin Bar:
As you have already understood, if the Bullish Pin Bar is formed, we have an upward arrow (TC buy). If the Bearish Pin Bar appeared, then we have an arrow pointing down (TC sell).
The role of the filter is performed by the Color EMA indicator, which helps to determine the direction of the current trend. Although, the Trend Trader indicator does not need it - it has its own filter. But we will talk about this in the next post.
Trading Rules
The trading rules are simple and intuitive:
Green Color EMA + Green arrow - BUY Signal
Red Color EMA + Red arrow - SELL Signal:
The seller, who renamed the indicator and sells this system under another name, suggests not to get hung up on one TimeFrame, but to change them constantly to find the largest number of signals.
Management of an open position is to set the Stop Loss slightly below/above the arrow.
TakeProfit = StopLoss x 2 (or 3) depending on the pair and TimeFrame. The seller, claims that "Red moving average after first arrow formed then you can set up TP 1:5 ratio trade".
Of course, this system is not able to give 95% winning rate, as the seller says, but with proper Money Management and cool reasoning it will certainly be profitable.
Be sure to train on the demo and do not forget about important economic news, during the release of which it is better not to open transactions 30 minutes before and after their release.
In the archive 100_Non_Repaint_Indicator_V15.rar (177 KB):
- 100% Non Repaint Indicator V15.0.ex4
- 100% Non Repaint Indicator(Color EMA).ex4
- 100% Non Repaint Indicator V15.0.tpl
Free Download 100% Non Repaint Indicator V15.0
