Technical Indicators for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
NO REPAINTER is a mt4 arrow type indicator based on divergence strategy, the indicator was made to trade binary options
as it helps traders take call/buy put/sell decisions, the indicator has TP and SL inputs in form of expiry bars, if set to one TP and one SL than your expiry is the next candle after arrow candle close.
The indicator comes with stats panel that accurately measures and calculate the win rate over the past x number of history data, the indicator is suitable for bots as it has its arrows as buffers instead of objects.
HOW TO USE :
First understand that the TP and SL inputs in the indicator should have the same value, if you want 5 candles expiry than you should input 5 in TP and 5 in SL inputs.
Once an arrow appear, enter immediately on next bar open.
Parameters :
- first 5 inputs are your signal generation period, please keep look back bar input to at least 3.
- arrow colors
- TP in bars
- SL in bars
- backtest bars (how many history to backtest)
- alerts sound/email/mobile push
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