Introduction to the Marvin Non Repaint Indicator
The Marvin Non Repaint Indicator tries to recognize peaks and bottoms of the market, giving the opportunity to trade great swings. As the name suggests, it is a non repaint indicator, so signals once placed, will never change their position. This is a great advantage, as you can count on it, and also do solid backtesting. That gauge is suitable both for forex and binary options.
The Marvin indicator draws an arrow when it catches the signal. Trading rules are really simple. Buy entry is triggered after the occurrence of the green arrow pointing upwards. Similarly, sell entry is triggered after the arrival of the red arrow pointing upwards. We suggest adding some confirmation filters to be more sure of the entries. Take profit or exit a trade when opposite the Marving indicator provides an opposite signal or use your own method of trade exit.
The Marvin Non Repaint Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Marvin Non Repaint indicator in MetaTrader (MT4)?
Download the Marvin Non Repaint.rar archive at the bottom of this post, unpack it, then copy and paste the Marvin Non Repaint.ex4 or Marvin Non Repaint.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Marvin Non Repaint indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 Marvin Non Repaint Indicator
To download the Marvin Non Repaint Indicator for Metatrader 4 (MT4) for free just click the button below: