Forex Reversal System
Trading Systems Last update: September 8, 2024The Forex Reversal System is, as the name suggests, a trend-reversal trading strategy.
It consists of three indicators: buy sell dots placed directly on the chart, trend filter located below the main chart, and informational dashboard displayed in the top left corner.
Must-see:
Forex Reversal Indicator
Forex Entry Point Indicator
How to use this forex reversal system in practice?
Buy Entry: Look for long trade, after blue dot appears on the chart. In the same time trend filter should be blue. Place your stop loss a few pips below last swing low.
Sell Entry: Look for short trade, after red dot appears on the chart. In the same time trend filter should be red. Place your stop loss a few pips above last swing high.
Exit Trade / Take Profit: Close your open position when the trend filter stops colorizing bars, or use your own preferred method of trade exit.
Files Included
Indicators:
- SIGNAL1.ex4
- SIGNAL2.ex4
- Filter.ex4
Templates:
- Forex Reversal System.tpl
