Forex Murrey Math Reversal Support Resistance Trading Strategy

Forex Murrey Math Reversal Support Resistance Trading Strategy:

Murrey Math Reversal is a trading system based on Murrey Math levels the zone for trading are the following:

Murrey Math levels for reversal trading

The price bounce off of a major line levels (1/8, 2/8, 3/8 6/8, 7/8, 8/8) then reverse back up/down to buy or sell.

Long entry levels line: 1/8, 2/8, 3/8.

Short entry levels line: 6/8, 7/8, 8/8.

Time frame 5 min or higher.

Currency pairs: majors.

Metatrader Indicators

ZZ Xard (32,5, 8).

Xard Indi (12,26, 9 – 8, 17, 9).

Zig Zag Pointer (12, 5, 3).

Zed (2.0).

Pivot Buy Sell.

Trading rules Murrey Math Reversal

Buy

Price bounce off of levels 6/8, 7/8, 8/8.

Zig Zag pointer buy arrow.

Zed blue line above red line.

Initial stop loss below the previous levels.

Profit Target the next MM level.

Sell

Price bounce off of levels 1/8, 2/8, 3/8.

Zig Zag pointer sell arrow.

Zed blue line below red line.

Initial stop loss above the previous levels.

Profit Target the next MM level.

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 Murrey Math Reversal Support Resistance Trading Strategy?

• Download Forex Murrey Math Reversal Support Resistance 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 Murrey Math Reversal Support Resistance 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”.

Download Free Forex Murrey Math Reversal Support Resistance Trading Strategy