Arrow Indicator mt4. Arrow with Alert is a non-repaint indicator. Better to use Scalp. This Indicator has up & down Arrows. Arrow signal validate after closing the current candle. The non-repaint mean is signal not to disappear or not later appeared. you can apply for any time frame & any currency pairs. you can change indicator settings as you wish. Forex is a big currency exchange market. Sometimes, the price moves slowly. Sometime, the price will move up & down in fast. If increase, Forex market volatility, price move fast up & down.
So, we try to catch our profit with this complicated market. Technical indicators, price action methods, candlestick patterns will help to achieve our goal in the Forex market. There are two types of technical indicators. which are repaint indicators & non-repaint indicators. Repaint indicators are looking good. But, truth is not working as they look. Repaint indicators give us an early idea, about price reversal than non-repaint indicators. So we are using repaint indicators & non-repaint indicators. However, non-repaint indicators confirm your entry point.
How to trade with this non-repaint Arrow Indicator mt4.
This non-repaint arrow forecast two-color up & down arrows. Red color up arrow for sell trade & blue color down arrow for a buy trade. But can you enter to trade with only this arrow? No. Any time, don’t enter to trade with a single indicator. You must combine another support. The currency strength indicator is better to use to identify the strong signal.
Currency strength indicator will give you current trend & currency strength on that movement. So, you can enter to trade with a valid signal of this indicator. Use a better exit method to exit your trades & place stop loss to manage your account. Buildup a good trading plan to grow your account balance.
When you enter your trade do place stop loss.
Use higher high or lower low.
Exit trade when received the opposite signal or as you wish.
Otherwise, you can use a Trailing Stop.