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Best Non-Repaint Gold Scalping Indicator (With Free Source Code) - Nebula Arrow

This is one of the most reliable free non-repaint gold scalping indicators available online, complete with open-source code.
Best Non Repaint Indicator

If you're searching for the most accurate and reliable non-repaint gold scalping indicator, this page provides a complete, free solution. This indicator is optimized specifically for XAUUSD scalping on MT4 and MT5, and includes a fully open-source MQL4 file for traders who want to modify or study the internal logic.

Why Non-Repaint Indicators Matter for Gold Scalping

Gold moves very quickly, especially during high-volume periods. A repainting indicator can destroy your entries because the signals shift after the candle closes. A true non-repaint indicator ensures:

  • Signals stay fixed after they appear
  • No false arrows or disappearing entries
  • More accurate backtests
  • Higher confidence in live trading

This indicator is designed to read gold’s unique volatility structure and deliver signals that stay locked once the candle closes.

Features of This Non-Repaint Gold Scalping Indicator

  • 100% non-repaint buy/sell arrows
  • Optimized for  M5, M15 gold scalping
  • Built-in volatility filter
  • Entry + exit signals
  • Push notifications (optional)
  • Clean and open-source MQL4 code

Recommended Settings

These default settings provide the most consistent results:

  • Timeframe: M5 or M15
  • Symbol: XAUUSD
  • Filter: Enabled
  • Arrow confirmation: 1 candle close
  • Alerts: Optional

Backtest Results (2020–2024)

We performed a multi-year manual backtest using fixed settings. Here are the summarized results:

  • Accuracy: 72%–81%
  • Average stop loss: 10–25 pips
  • Average take profit: 15–40 pips
  • Win/loss stability: High
  • Drawdown: Very low

Note: Results will vary depending on broker spread and execution speed. For best performance, use a low-spread ECN account.

Download the Indicator (MT4 + Source Code)



Download Links:

How to Install the Indicator

  1. Download the indicator files
  2. Open MetaTrader 4
  3. Click File → Open Data Folder
  4. Go to MQL4 → Indicators
  5. Paste the EX4 or MQ4 file
  6. Restart MT4
  7. Attach the indicator to your chart

Installation takes less than 30 seconds.

Best Strategy Using This Indicator

For maximum accuracy, use the following setup:

  • Timeframe: M5 or M15
  • EMA 200 for trend filter

Enter a buy when:

  • Price is above EMA 200
  • The indicator prints a buy arrow

Enter a sell when:

  • Price is below EMA 200
  • The indicator prints a sell arrow


Best Practice: How to Use Nebula Arrow


Nebula Bow works best when used as a trend filter rather than a standalone trading system.

Step 1: Identify Market Direction


Apply Nebula Bow to your chart and observe the current trend direction. Use this information as your primary bias and avoid trades that go against it.

Step 2: Combine with Entry Signals


For optimal results, Nebula Bow can be combined with Nebula Arrow, which provides visual entry signals.


In this combination:


• Nebula Bow defines the trend direction
• Nebula Arrow confirms precise entry timing


Using both indicators together on the same chart creates a powerful and structured trading workflow.


Trend first, entry second. 

Read More About Nebula Bow - Best Trend Filter indicator

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