The indicator I have leaves the arrows of the zigzag pointer indicator (or sell and buy signals) on the chart even after re-painting.
They are placed on the chart in dots so they would not confuse with the arrows that do re-paint.
You can nicely see that a new dot is placed everytime price makes a new high (according what a zigzag indicatore does).
As you can see I took a piece of data on the gbpjpy 60min as BB sugested.
Before the final correct sell arrow was given there were 49
(fourthy nine!!!) false trades or re-painted trades.
How can you ever explaines to yourself that you have 49 false trades before you catch the correct one ?!....
Same problem over some periods on the eurjpy and on the 4hour time frames.
So I realy don't understand that some people go wild over this "system"...
The author of this topic says in posting #4: repaints = loss. If it doesn't it = big win.
It is like other systems here on this forum. If it goes good you realy earn good money. But if it goes bad you burn your account in no time...
Again the same issue as on other topics: ask the author or people who
CLAIM they make big profits with this system to
SHOW PROOF with there account statements over a longer period of time (and don't get exited over a few days profit). I'm pretty shure that they will pretend they didn't hear or read your request.
friendly regards...iGoR
PS. What I also don't understand is that so many people get attempted to look to re-painting indicators ?...
If one would stick to non-repainting indicators your trading lives would be "easier"...(that doesn't mean that automaticly you wil earn money--but it will save you a lot of frustrations).
Fact is that the re-painting indicators look a lot nicer on your chart...but that is "scamming" yourselfs...
PS2 Backtest produced with the help of re-painting indicators are NEVER to be trusted . Even not a little bit!