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VIDEO #2: Repainting MT4 Indicators

Discussion in '5 Forex Scams Used in EAs, Indicators and Signals' started by Ea-Coder, Nov 28, 2016.

  1. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    SCAM #1: Repainting Indicators

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    - Rimantas Petrauskas
    The secret behind successful Algotrading is
    managing a portfolio of many automated strategies.

    Rimantas Petrauskas >>





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    In this presentation I explain:
    1) The difference between Repainting and Non-Repainting Indicators
    2) There are good and bad Forex repainting indicators
    3) How bad repainting indicators fool Forex traders
    4) How to verify if Forex indicator is repainting or not

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    5 Forex Scams Used by Providers of EA, Indicators and Trading Signals video series created by Rimantas Petrauskas - algorithmic Forex trader, programmer and creator of many MT4 Apps.
     
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  2. Pharaoh

    Pharaoh Colonel

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    Love those magically disappearing buy and sell signals. :D
     
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  3. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    Who doesn't? :-D
     
  4. J7nL2Mxb

    J7nL2Mxb Recruit

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    Would you consider MBFX System as repainting? It repaints but also tells you only to buy/sell when the timing indicator says so.
     
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  5. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    I have never tried this system myself, but if it repaints then it repaints :)
    Anything that repaints on closed bars cannot be reliable for entry or exit.
     
  6. mimman

    mimman Recruit

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    HI Rimantas
    This is an excellent video for newbies and people alike. A point I would like to make is not the money people lose on spending the money on the indicator. It is the money they lose by applying these repainting indicators on their live trading account. So these videos as a must for anybody new to trading. Well done in taking the time to educate traders.
    Kieran Dublin
     
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  7. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    Thanks Kieran. You are right. It's sad to hear how much money people lose trading Forex by such repainting indicators.
     
  8. marcesimas1972

    marcesimas1972 Recruit

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    Excelente explanation. Quite reachable!
    Thanks!
     
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  9. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    Thanks. Glad you like it ;-)
     
  10. terrate

    terrate Recruit

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    im not TA guys...i think is hard for me to learn...haha...i just like it :)
     
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