Archive for the Forex trading Category
Following my previous post on Forex systems within Metatrader which repaint, I went on the hunt for systems which specifically mention that they do not repaint. If you want to understand why, then please look at my previous posts.
The biggest advice I can give you when you're using Metatrader systems is to ensure that it is a system that does not repaint. If it does, prepare to lose money no matter how good it looks.. repainting systems are a fraud.
Ok, so after scouring the web for someth
July 16, 2011
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I can't believe it, my previous post where the indicator appeared for a short entry and then disappeared because the markets were going the other way has now indicated again for a short. Note, that there is no sign of the previous indicator... the market fell but now going up, if the indicator disappears again - it is purely fraudulent!
July 15, 2011
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I have been backtesting this system which looked really good using the Metatrader software. Basically, it told you when the market was trending up or down and if you place a trade when the trend changes and just follow it (from the backtesting), you would be in the money!
However, there are indicators in Metatrader which repaint. What this means is that you may be given a signal to enter a position but if the markets move the opposite way, the indicator suddenly disappears. What this means is
July 15, 2011
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