Forex Reversal Super Bands Trading Strategy
Forex Reversal Super Bands Trading Strategy;
Super Reversal trading system is a momentum reversal strategy. This trading system is good for trading also for binary options high/Low and One touch.
There are two setting for trade.
Time Frame 15 min or higher. (15 min time frame only for forex majors and Indicies S&P 500, DAX , FTSE, Dow Jones).
Markets: Forex, Indicies, Commodities.
Currency pairs: any
For Binary Options High/Low expiry time 8-12 candles. The same rules.
For Binary Options One toch time Frame 4H or daily expiry time 8-12 candles. The same rules.
Indicators
Bollinger Bands ( 50; deviation 2);
Bollinger Bands ( 50; deviation 3);
Bollinger Bands ( 50; deviation 4);
Supporting ADX (11 period, close with two levels: 35, 40), this indicator is for conservative approach.
In the same window (RSI 14, with CCI 20);
Exponential moving average 3 period, close;
Exponential moving average 14 period, close.
Rules Super Reversal Trading System (aggressive)
Buy
hen the price touch or broken lower bands wait CCI crosses upward RSI and 3EMA is above 14 EMA. Buy at opening of the next bar.
Sell
When the price touch or broken upper bands wait CCI crosses downward RSI and 3EMA is below 14 EMA. Sell at opening of the next bar.
Conservative
the same conditions with add Support ADX > 35 levels or 40 levels.
35 levels for time frame H1, H4, daily.
Exit position
Initial stop loss depends by your management of the risk.
For sell 2 pips above upper bands ( best option BB 50,3).
For buy 2 pips below lower bands ( best option BB 50,3).
Make profit is discretionary various options:
ratio 1:1 stop loss, first opposite band, profit target predetermined.
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 Reversal Super Bands Trading Strategy?
- Download Forex Reversal Super Bands 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 Reversal Super Bands 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”.
