Bullseye Signal, the best Non Repainting signal in 2025
You read the arrow and you take the trade yourself. The bullseye signal is a manual arrow indicator, so nothing opens or closes an order on your behalf. It´s a signal that, as the name suggests, never repaints under any circumstances. Moreover, the indicator prints the signal on the same candle you see in the image, therefore what you see today stays there tomorrow.
It is ideal for highly volatile markets such as forex, cryptocurrencies, stocks, indices, and futures. You will only see a green arrow for buying and a red arrow for selling, but there are many indicators working together behind them to provide a more simplified trading experience.
How the bullseye signal decides
It is specifically designed to provide precise entries, not a large number of them, but specific entries when our indicator shows a trend change and crosses the 0 level in the opposite direction of the previous trend. To achieve more accurate trades, the indicator waits for the first pullback to confirm the trend change, thus avoiding false reversals. So, after the break of the previous trend and the pullback confirmation, the indicator prints the signal.
In other words, the tool asks for two events instead of one. First the old market trend has to break. Then price has to come back and fail. Because both conditions are needed, you get fewer arrows, yet the ones you get carry more weight.
Tips before you follow an arrow
This is a very cautious approach to trading, so it is important to follow these tips (both new and more advanced traders can use this strategy):
It is advisable to use the New York, London, or the overlap of both markets. If you need to trade in another market, such as the Asian market, it is essential to check in advance that the pair to be traded is not in a very narrow range.
Range markets: Can you trade them? Yes, but to trade any pair that is in a range, you must observe the pair and the range length. For example, if you are on M5, an appropriate range would be around 200 pips (between highs and lows). If the range is smaller, we will get very few pips or we might even encounter a double signal.
Minimum pips per timeframe
Below is a table of minimum pips to calculate if there is enough “space” to take trades in that pair:
- M1: 100
- M5: 200
- M15: 250
- M30: 500
- H1: 500 to 600
- H4: 900
- D: 1500
Although it can be used in any TF, keep in mind the pips you expect to get per day. I recommend starting with an M5 TF or higher, as although M1 is much faster, the range of movements is smaller, and therefore, the number of pips obtained is also smaller.
The indicator never prints at a “Top or Bottom,” as these are always less reliable signals. The indicator waits for the pullback confirmation (zero cross). Open several pairs, load the indicator and take a minute to observe them. Trade in those that you see have more uniform movement, there is no need to trade in a pair that does not have a wide range of movements.
When to take trades with the bullseye signal
In image 1, we can observe, on an M5 chart, how and when the indicator prints the signals.
Number 1: Buy signal. When our indicator crosses the 0 line from bottom to top, changes from red to yellow, and the green arrow (buy signal) appears without delay. Very positive result.
Number 2: Sell signal. When our indicator crosses the 0 line from top to bottom, changes from green to yellow, and the red arrow (sell signal) appears. A big move in our favor.
Number 3: New buy signal, following exactly the same procedure as in number 1. Beautiful trade.
Number 4: New sell signal, also perfect.
Number 5: Clear example of a double signal. A buy signal appears on one candle and a sell signal on the next candle. In this case, you probably opened a trade on the first buy signal, and upon seeing the next candle with a sell signal, you close your first trade (practically not losing anything as both signals appear at the same place) and DO NOT TRADE that pair for a while.
Notice how the five cases follow one pattern. Because the zero cross drives everything, the reading stays the same on every pair. However, the double signal is the exception, therefore treat it as a warning and step aside.
Alerts of the bullseye signal
In all cases, you will receive a sound alert with a message indicating the pair, TF, and the type of operation you should perform. There is nothing to guess or think about, you just need to have verified first that the pair is in a wide range of movement.
As a result, you can leave several charts open and walk away. The alert brings you back with the pair and the timeframe already named. In addition, the message says whether it is a buy or a sell, so no time is lost.
When to close trades
You have 3 options:
- Wait for the next opposite signal to close the operation.
- Predefine a TP (realistic, based on the TF you are in).
- Implement a trailing stop to secure profits while allowing the trade to continue if the market moves in your favor.
What SL to use
You also have options depending on your preference (see image 2):
- If you are going to open a buy trade: Place your SL BELOW the last support (see green SL rectangle).
- If you are going to open a sell trade: Place your SL ABOVE the last resistance (see red SL rectangle).
- You can also use a fixed SL (be realistic). For example, if you expect to get 100 pips of profit, an SL of 50 pips will be correct. Keep in mind that if you are trading, for example, on H1, a minimum realistic SL would be 200 pips, expecting to get 400 or 500 pips if the trade goes well. This is a realistic and adequate SL for the TF you are trading. If you cannot sustain a 200-pip SL, it is advisable to move to a smaller TF to require fewer pips of SL.
That last point deserves a second reading. A stop belongs to the timeframe, not to your wallet. Therefore, when the stop feels too wide, drop to a smaller chart instead of shrinking the stop.
Which markets suit it best
Forex, cryptocurrencies, stocks, indices and futures all qualify, because they move enough. Pick a handful of symbols and watch them for a day. Then keep the ones with uniform movement and drop the quiet ones. In addition, favour the London and New York hours, since the space you need appears there.
Installing the bullseye signal
Setup takes a couple of minutes. First, open MetaTrader and click File > Open Data Folder. Then copy the indicator files into the Indicators folder and the template into the Templates folder, both inside that data folder. Next, restart the platform or refresh the Navigator panel. Finally, open an M5 chart or higher and apply the template, so the arrows and the zero line indicator appear at once.
Before you trade
Check the range of the pair before you accept an arrow, and switch the sound alerts on. In addition, write down your stop choice in advance, because deciding it after the entry rarely ends well. Trading involves risk, therefore only trade with money you can afford to lose. Past results do not guarantee future results. You trade at your own risk.
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