Simple Daily Trend Reversal Trading System For MT4 Intro
Today we have this simple colorful Simple Daily Trend Reversal Trading System For MT4 and we will tell you how it works and make it simple for you to be easy to take your decision to try it out or not, and if you decided to use the Simple Daily Trend Reversal Trading System For MT4 you can easily download it from inside this article with no need for internet research.
The chart we have today is on the Great British Pound versus the Japanese Yen on the 1 h time frame with the moving average, zigzag, the turbo indicator, and finally the pivot points.
The Simple Daily Trend Reversal Trading System For MT4 depends on market reverse which means you will not enter a trade with the trend, you might enter your trades in corrections or trend reversal following up the rules to trade on the hourly chart, the four hours chart or the daily chart aka time frame.
To start trading, all the indicators that are in the Simple Daily Trend Reversal Trading System For MT4 must confirm the signal for you if all does except one do not open your trade.
The ZigZag is a simple indicator that makes you able to identify the previous top and bottoms easily.
The Turbo JSRX
The Turbo JSRX is an indicator that lets you know if the market is overbought or oversold based on its analysis but for sure it is not 100% accurate, it is more or a new stochastic, or macd version.
The Exponential Moving Average
The moving averange is an indicator that shows you the average market movements for a specific period you choose.
Besides the Pivot
The pivot point or levels, showing you the average, or expected support and resistance areas for the running day based on the previous day movements.
Now you can download the Simple Daily Trend Reversal Trading System For MT4 at no cost, and then check the next heading for the trading rules.
How to use Simple Daily Trend Reversal Trading System For MT4
The ZigZag color is change able, if you see it green then it is giving you a buy sign, and if it is showing red then it is giving you sell sign.
The Turbo JSRX if it is below the level of 30% and giving you signs of up green trend then it is a sign for buying, and if the opposite then it is a sign for selling.
The ten exponential moving average if a candle closed above it then it is a buy sign and if closed below it then it is a sell sign.
Moving to the Pivot if its on these pivot zone or far from them by 25 pips maximum then its a buy signal ( support 100, support 78, support 61 ), and if it us on or below the resistance 100, resistance 78, resistance 61 by up to 25 pips then it is a sell signal.
To enter your trades all the four rules must apply together in the same time. If there is a very strong candle broke the moving average a strong break and the other rules applies you may enter your trade at your own risk if you think that that chance worth to risk for it.
Simply that is how the Simple Daily Trend Reversal Trading System For MT4 works, and as you see it is simple to use at its name.
Simple Daily Trend Reversal Trading System For MT4 Pros & Cons
The Simple Daily Trend Reversal Trading System Pros; easy to use
The Simple Daily Trend Reversal Trading System Cons; two repainting indicators out of three.
Do we recommend it? Maybe just on demo, or you can use it at your own risk if you believe in it that much to use it on a real account.
Summary of Simple Daily Trend Reversal Trading System For MT4
The Simple Daily Trend Reversal Trading System has two repainting indicators, one no repainting indicator, pivot levels, easy entry instructions, hard to believe that it works.
Closing trades rules are not specified but you may close it based on another strategy signals or when this one gives you a new market reversal signals, same as well for the stop loss.