Knowing whether if your Forex indicators are repainting or not is important. Traders would want to have their indicators to be non – repainting Forex indicators as re-painting indicators can be highly frustrating since it will somehow mislead you whether your trade is good or bad. Normally, when your indicator repaints, your demo will show you that it’s great but when you tried to back test it in real time, it shows you the opposite.
There are a lot of non repainting indicators out there but there are still a lot of repainting indicators too. Just be very careful in choosing. An example of non repainting one is mladen’s code from Forex-TSD. Aside that it does not repaint, it is also non lagging indicators upon request.These repainting indicators are wasting a lot of time for you to check on it always. Indicators such as stealth lcd, xb4d and some mtf are among of the indicators that repaints. Although you may want to combine this with the others.
As you go on with trading, you will discover a lot more of learnings that you will soon discover whether a move was good or not. And I will share some of the things learned. Be reminded that a Support and Resistance Lines are great. Don’t try to predict the direction of the market, Don’t you ever chase a trade, just follow the market by reacting to its current condition and lastly, please know that money management by compounding
the profit is the holy grail.
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