Private Signal: MT4 arrow indicator for precise, no-repaint entry signals

This Review examines Private Signal in 2025 with in-depth Performance Analysis based on live-account samples and controlled backtests. The investigation focuses on win rate, average trade duration, and drawdown characteristics observed on MT4 across forex majors, indices, and select commodities. Dmitriy Kashevich developed Private Signal to deliver concise buy and sell arrows supported by confirmed momentum and price action; the indicator operates only on closed bars to eliminate repainting and ensure testable, repeatable signals. What makes Private Signal unique is its minimalist logic and emphasis on confirmation rather than prediction. The algorithm evaluates momentum indicators and local price action to mark directional changes; it does not forecast price levels or provide intrabar guidance. Signals are explicit: an arrow at the close of a bar indicates a directional change confirmed by momentum, and traders are instructed to enter only after bar close confirmation. The indicator handles trending and moderately volatile sideways markets best, showing higher win rates during established momentum phases and reduced frequency during choppy consolidations. Risk management is user-driven with recommended fixed-percentage position sizing and stop placement tied to recent swing structure. Expected performance characteristics include moderate win rates in optimized conditions, average holding periods ranging from several hours to a few days on H1 and H4 charts, and drawdowns that scale with leverage and position sizing. Private Signal is lightweight on chart resources, making it suitable for multiple simultaneous charts on MT4, and its non-repainting behavior supports honest historical testing. Dmitriy Kashevich emphasizes transparency and repeatability in the design, and the indicator's $120 price reflects a single-license MT4 tool intended for traders who will validate results through their own backtests and demo trading.