Part 6: Meta Trader 4 Show – Repainting indicators

If you are looking for different binary options trading strategies on the internet, I am sure, you’ve come across quite a few different indicators. Undoubtedly, you’ve already heard of repainting, especially on various international forums.

Today, I’d like to talk a little bit about repainting, what it actually is, how to work with it and in fact, everything necessary you should know about it.

What is repainting?

When an indicator repaints itself, it simply means that it evaluates the view of the past and present differently. So, if we place such an indicator in the graph and look back, all we see are signals that were correct. If we continue monitoring the graph, it’s movements and wait for the signal, it might not always come out correctly – just as it didn’t in the past and you could, for example, get 5 wrong signals in a row. However, after turning the MT4 off and then on again, we can see that out of the 5 signals, 4 were deleted and what’s left is the remaining last one- the one that came out right.

Should repainting scare us?

The fact that an indicator repaints is obviously not nice and it looks like the author wanted to scam. On the other hand, it’s still only an algorithm that can not always be right and just the fact that the signal is displayed is important, even though it might soon get deleted again.

What I mean is that we don’t have to avoid the indicators when repainting; just be more careful. We should always rely on more indicators rather than just one, which will increase the probability of the in-the-money trading.

Author

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I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author