Color Snake Indicator

  • Edited at 8:46amJan 21, 2008 8:30am Editedat 8:46am
snake: if other indicators say 'buy', the snake says, 'do not take it, it is only a little to the upside, but still a lot of force to the downside' or 'yes it s safe, try'
examples: 15 min TF.
  • Jan 22, 2008 10:17pmJan 22, 2008 10:17pm

Page 1 of 7 - Amazing Indicator - No Repaint - posted in Metatrader 4 Indicators (MT4): Greetings Guys, I ve found an amazing indicator that never REPAIN with 90% accuracy and for EUR/USD its 99.99% accuracy The indicator simply consist from 2 arrows RED for PUT and Blue for CALL How to trade? Wait for arrow appear and take the trade with the CURRENT candle NOT the next This indicator work.

Do you have some Statment of your trades using this indicator?
Best Regards,
Marcelo Marques
The indicator is not mine, so decided to publish this one on the forum and find out whether it really works or not. I don't have a statement since I'm not using this indicator but I had some good trades based on longer time frames like 1h, 4h. Now I'm using another strategy from this forum which is very good. What kind of strategy do you use?
  • Edited at 4:32pmMar 25, 2008 7:53am Editedat 4:32pm
Hehe this is not about TF choice,this indicator is unuseful like FX_fish2MA indicator or 5_34_5 indicator.This looks like god stuff,but reality is hard and this will never work correct,so dont use this indicators,because it is only illusion
  • Mar 25, 2008 1:41pmMar 25, 2008 1:41pm
SnakeBorders.ex4 10 KB 1,977 download
  • Last Post:Mar 11, 2010 3:18amMar 11, 2010 3:18am
If you make a Back test, everything looks great. The indicator will generate the signal based on the future price information, which is already available. Therefore, every signal will be accurate. However, you will be disappointed if you forward test this indicator because indicator real job is trying to predict future price movement based on past price information.

Recently I've found a indicator, called snake. Since I don't know how profitable it will be but it does look good. As I started to test it on demo, I've tried 5min time frame scalping method to get 10 pips (Stop L 20) but ofcourse it's not the good money management so I got DD about 700USDs in one day. But I find these signals very accurate on longer time frame like 1H or 4H. It doesn't give you alot of fake signals but if I'm patient I can get 100pips easily. Any comments, please welcome.P.S.

It's not an EA, it's just an indicator which signals when to enter and when to exit.

This is a prototype 'roller'assembly for Major Havoc. It came with a bunch ofother prototype Atari stuff that Travis Hagen andI purchased back in 1996 from a former Atariemployee. Major havoc emulator free.

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