For traders using the MetaTrader 4 (MT4) platform, one of the most frustrating experiences is having an indicator that “repaints” or re-draws signals on historical data. This can lead to faulty back-testing results and confusion when an indicator flip-flops between bullish and bearish signals.
To solve this problem, a new advanced MT4 indicator called the BD Indicator has been developed that is completely non-repainting. This means the signals it provides are locked in and will never change, even as new price data comes in.
What is the BD Indicator? The BD Indicator is a premium, non-repainting technical analysis tool for the MT4 platform. It combines multiple trading components into one powerful indicator, including:
- Non-Repainting Trend Detection
- Advanced Trade Filtering
- Smart Money Management
- Support/Resistance Levels
By packaging all of these capabilities into a single non-repainting indicator, the BD Indicator gives traders a reliable all-in-one solution they can trust.
Non-Repainting Trend Detection At its core, the BD Indicator uses proprietary algorithms to identify the current market trend without repainting. It plots two moving averages as well as non-repainting buy and sell arrows to signal trend changes.
Traders can fully rely on these signals because once an arrow is plotted on the chart, it will never change or be removed as new price data is added. This prevents the whipsaws and false signals common with repainting indicators.
Advanced Trade Filtering The BD Indicator doesn’t stop at just trend signals. It also incorporates advanced trade filtering techniques to identify only the highest probability trading setups based on your customizable parameters.
For example, you can set filters for the indicator to only show buy signals after price pulls back to test a defined support level. You can also apply filters based on overbought/oversold readings, candlestick patterns, and more.
Smart Money Management Trade management is an equally important part of the BD Indicator. It includes a smart money management module that calculates precise position sizes based on your specified risk parameters.
Simply input your risk amount per trade in your account currency, and the indicator will do all the calculations and display the recommended lot size to take. This helps you avoid risking too much capital on any single trade.
Support/Resistance Levels Finally, the BD Indicator automatically plots key support and resistance levels onto your charts based on pivot points, Fibonacci levels, and previous swing highs/lows. This makes it easy to identify potential reversal areas for entries and exits.
With its powerful multi-faceted approach and non-repainting calculations, the BD Indicator gives MT4 traders a level of accuracy and reliability unmatched by traditional indicators. You can completely trust the signals it provides without the headache of repainting or false trades.
If you’re ready to take your MT4 trading to the next level with a professional-grade technical analysis tool, the non-repainting BD Indicator may be the perfect solution.
