This Trend Indicator provides straightforward buy/sell indications and is a No-Repaint Indicator. Bollinger bands and two different unique indicators form the foundation of this method. It has a dashboard indication that displays a variety of useful data.
Moving Average Crossovers, Average Directional Index (ADX), and Additional Filters based on Upper time frames form the foundation of the major proprietary indicator work. Although moving average crossover signals are effective predictors of shifting trends, they work best in markets that are trending rather than sideways. This system includes a few more filters, including as the ADX Power Filter and Upper TimeFrame Filter, to maximize the winning potential of the moving average crossover technique in adaptive markets.
This indicator allows for the modification of all input parameters. The No-Repaint Indicator is completely adaptable and may be utilized effectively in both medium- and long-term trend tactics as well as short-term trend methods.
Your current trading tools will benefit greatly from the BEST No Repaint Indicator. This BEST No-Repaint MT4 is the only indicator you will ever need to trade trends because to its informational visual presentation, additional market filters, user customization options, and automated trading signals.
The Trend Following Strategy only uses manual processes. The indicators generate the signals, but the trader ultimately decides whether to enter the market and whether to establish protection stops or profitable exit stops. As a result, the trader must understand the fundamentals of risk and reward and employ starting
This trend indicator can provide you with trading indications that you can use as-is or further filter using extra chart research, which is advised. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.
Main Chart
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 get quick insights about trend position and candle direction on higher time periods from the Display as well. 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. With this strategy, even a total novice can begin trading and earning money. 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 having to spend the entire day waiting for signals to come on the charts.
The technical settings that can be changed give this Trend Indicator its actual potency. Additionally, there are opportunities to change various graphic elements. The technical settings of the indicator, which can be adjusted to meet certain trading demands, are shown in a photo below, along with an explanation of each one.
If you’re a long-term investor, for instance, 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 No Repaint Indicator.
To fully customize this indicator to every market situation and any asset available through your MT4 terminal, there are numerous extra choices available.
Input Parameters
Rules for trading this BEST Indicator of No Repaint
Stick to your money management plan and avoid trading during a period of breaking news. Half an hour after the big currency news, stop your trades.
As usual, use wise money management to get the best outcomes. You need to 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 at once. Using a lot of 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 the world of financial markets, a straightforward approach is frequently regarded as being far more successful.
01.Wait for the MetaTrader 4 trend indicator to produce a signal. (arrow, pop-up window, email, and/or push notification)
02.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.
03.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, there is a higher likelihood that it will continue.
04.Finally, the candle on higher time frames can be used to verify the signal. (optional)
Trade Exist
This approach allows for the liquidation of 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. In the event that the system conditions change, you can also manually close the transaction.
It is advised to employ a stop loss. Set the stop loss below the entry price using prior support and resistance as a guide or on the prior high and low swing. It is not advised to use fixed stop loss values without any reference points.