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Content: Indicator: M1 GOLD ARROW.ex4 (Unlocked-Unlimited), NO MANUAL.
M1 Gold Indicator — Max Payne System for XAUUSD (Gold)
Description:
M1 Gold is a powerful arrow-type indicator designed specifically for trading the XAUUSD pair on the M1 (1-minute) timeframe. Built on the Max Payne system, this indicator combines two custom arrow signals with a trend filter to provide precise entry points without repainting or back painting.
Key Features:
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Non-Repainting Arrows: Reliable entry signals based on two merged custom indicators.
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Trend Filter: Confirms general market direction for higher accuracy.
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Backtesting Panel: Saves time by displaying essential performance metrics such as win rate, number of winning/losing trades, and total pips gained. You can adjust the number of history bars to extend back testing further.
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Multi-Timeframe Use: Designed for M1 charts but can be adapted to Renko or other timeframes with custom TP/SL settings.
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Alerts: Includes customizable alerts to notify you of trade signals.
Recommended Settings:
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Use a raw spread account for best performance.
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Use primarily on M1 charts.
Parameters:
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History: Number of past signals to display.
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Signal Period & Filter: Controls entry arrow sensitivity.
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Confirmation Arrow Settings: Separate signal and filter parameters for confirmation arrows.
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Trend Filter: Sets general trend direction for signal validation.
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General Settings: Take Profit (TP) and Stop Loss (SL) values in points.
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Customizable colors and position of the back testing panel for convenience.

