The free non-repainting Forex Signals indicator for Metatrader 4 is an oscillator-type technical indicator that delivers awesome signals and does not repaint.
The indicator appears in a separate MT4 chart window as an oscillator with extreme 1.1 and -1.1 readings.
For ease of use, the indicator displays when it’s time to buy and sell the asset.
Buy & Sell Trade Example
- Go long as soon as the blue colored dot appears on the chart.
- Go short as soon as the magenta colored dot appears on the chart.
The no-repaint Forex Signals indicator can be used for both trade entry and exit or as a trend confirmation signal indicator for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Leledc-SsrcForceFinalNoRepaint.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the No Repaint Forex Signals mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the No Repaint Forex Signals indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal
Does the indicator repaint? No.
No Repaint Forex Signals + HMA Mega Trend Arrows MT4 Strategy
This MT4 day trading strategy combines the precision of the No Repaint Forex Signals Indicator with the trend confirmation of the HMA Mega Trend Arrows Indicator.
It is designed for traders who prefer clear, non-repainting buy and sell entries that align with a strong directional trend.
The combination helps avoid false entries by filtering out weak or sideways movements, making it ideal for day traders and short-term swing traders who focus on accuracy and consistency.
The strategy works best on the M15, M30, and H1 charts for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY.
It suits traders who prefer a balanced mix of visual signals and systematic entries without heavy indicator clutter.
How the Strategy Works
The No Repaint Forex Signals Indicator provides the main entry points with clear blue and magenta dots.
A blue dot indicates a potential buy setup, while a magenta dot signals a potential sell setup.
These signals are confirmed using the HMA Mega Trend Arrows Indicator, which defines the prevailing market direction through colored trend lines and arrows.
A green arrow with a green line indicates an uptrend, while a red arrow with a red line indicates a downtrend.
By combining both, traders can align entries with the dominant trend and increase success probability.
Buy Entry Rules
- Wait for a blue dot to appear from the No Repaint Forex Signals Indicator.
- Confirm that the HMA Mega Trend Arrows Indicator shows a green line and green arrow.
- Enter a buy position at the opening of the next candle.
- Set the stop loss just below the recent swing low or 25–30 pips, whichever is smaller.
- Set the take profit at 2x the stop loss distance or near the next resistance zone.
Sell Entry Rules
- Wait for a magenta dot to appear from the No Repaint Forex Signals Indicator.
- Confirm that the HMA Mega Trend Arrows Indicator shows a red line and red arrow.
- Enter a sell position at the opening of the next candle.
- Set the stop loss just above the recent swing high or 25–30 pips, whichever is smaller.
- Set the take profit at 2x the stop loss distance or near the next support zone.
Advantages
- Non-repainting signals ensure reliable entries that stay fixed once confirmed.
- Combining both indicators filters out false setups in choppy markets.
- Works effectively across multiple pairs and time frames.
- Easy to apply even for beginners with limited chart analysis experience.
Drawbacks
- May produce fewer signals during low volatility sessions.
- Performance can vary in ranging conditions where the trend is unclear.
- Requires discipline to wait for full confirmation before entering trades.
- Short-term traders must monitor charts closely for exits and reversals.
Example Case Study 1: EUR/USD M30
On a recent EUR/USD M30 session, the HMA Mega Trend Arrows turned green with an upward arrow at 1.0750, confirming a bullish direction.
Shortly after, the No Repaint Forex Signals Indicator displayed a blue dot at 1.0760.
A buy entry was placed at the next candle with a stop loss at 1.0735 and a take profit at 1.0810.
The pair reached the target within four hours, capturing a clean 50-pip gain with minimal drawdown.
Example Case Study 2: GBP/JPY H1
During a London session, GBP/JPY formed a red arrow and red line on the HMA Mega Trend Arrows Indicator, signaling a downtrend around 194.80.
Minutes later, a magenta dot appeared on the No Repaint Forex Signals Indicator at 194.60.
A sell trade was executed with a 30-pip stop loss and a 60-pip target.
The price dropped to 194.00 within the session, producing a 60-pip profit while maintaining strong trend momentum.
Strategy Tips
- Avoid trading during overlapping or low liquidity sessions, such as late Fridays.
- Use a trailing stop to lock profits once the trade moves 25 pips in your favor.
- Combine with price action analysis, such as support and resistance levels, for better accuracy.
- Check higher time frames (H4 or D1) to ensure alignment with the dominant trend.
- Backtest the system for at least 3 months on your preferred currency pair before going live.
This day trading approach using the No Repaint Forex Signals Indicator and HMA Mega Trend Arrows Indicator provides a structured, reliable way to capture consistent moves while minimizing false entries.
Traders can adapt the rules to their risk profile and pair preferences, making it a solid strategy foundation for MT4 users seeking clarity and performance.
Download Now
Download the “Leledc-SsrcForceFinalNoRepaint.mq4” indicator for Metatrader 4
