Forex Double Reversal Signals Trading Strategy
Forex Double Reversal Signals Trading Strategy:
Double reversal Signals system is a strategy trending and reversal that you can use also with Renko chart.
Time frame h1 or 240 min.
Currency pairs majors (EUR/USD, GBPUSD, USD/CHF, AUD/JPY, AUD/USD, NZD/USD, NZD/JPY).
Setting for with renko chart:
Renko Box Size 10
Renko Box offset 0
M2 or M4
Metatrader Indicators:
Bulls Eyes (filter indicator);
Arrow indicator;
Reversal signal MTF;
Zig Zag indicator;
EA: Renko live chart 3.2
Trading rules Double Reversal Signals System
Long Entry
MTF Reversal Arrow o (Buy) filtered by green bar bulls eyes indicator.
Short Entry
MTF Reversal Arrow (Sell) filtered by red bar bulls eyes
indicator.
Exit at the opposite signal (arrow ). but is good a ratio 1.3 initialt stop loss.
With the renko chart there are the same rules but there is the advantage that the chart is more clean.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Double Reversal Signals Trading Strategy?
- Download Forex Double Reversal Signals Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Double Reversal Signals Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
