So where is this so called system please provide more information about it. Have you used it personally? What were your result like over the tested period of time?
, 16H45
The system works for me. It accurately confirms when the price has reached it peak, before the price reversal patterns forms. check GBP/USD on Friday, 11/12/20 15H45 CAT
Repainting indicator may fire some entry signals which later disappears when prices move in opposite direction. If this happens, it is a clear indication that it is a bad repainting indicator which cannot be relied upon. Entry signals should not disappear once they appear on your chart. All entry signals issued by the indicator should remain on the chart to help users gauge the reliability of the indicator.
The problem with repainting indicators, is they will normally fire signals and then recalculate its values using bars to the right. If the signal given earlier on was wrong, it will disappear from the chart and a fresh signal will be issued. When a user reviews the historical performance of such an indicator, it will show perfect entry signals, but in a real sense, every false signal issued disappeared later.
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