172# Reversal Extreme 

Bollinger Bands Reversal Trading 

Submit by Brooke 19/12/2015

 

Reversal Extreme is a trading system of pure price action based on the principle:when the price touches a resistance or support dynamic retraces two three-bar before continuing the trend or reverse.

This strategy is very discretionary is not for beginners, and also depends on the sensitivity of the trader to read the market.

This technique can also be applied to trade binary options.

This technique is suitable for all time frames from 5 min. In the example proposed refers to trade binary options with a time frame of five minutes.

 

Expiry time 1 candles.

Metatrader Indicators:

Bands 50 deviations 4 apply to close.

Bands 50 deviations 3 apply to close.

Bands 50 deviations 2 apply to close.

Slope direction 10

 

Trading Rules Reversal Extreme

 

Buy

When the price touches or broken a lower band wait the first green bar and buy at the open of the next bar.

 

Sell

When the price touches or broken a upper band wait the first red bar and sell at the open of the next bar.

 

Conservative approach for trading:

  1. wait, that the price touches or broken from the bollinger bands (50, 3).

  2. wait, that the price touches or broken from the bollinger bands (50, 3) and buy or Sell when the slope chagens colour.

Binary options High/low trading

Expiriry time 3 candles.

 

 

Trading without Binary Options on the chart from h1 time frame.

Exit position with profit target predetermined or at the close of entry candle.

 

This method not recalculate and not repaint.

Expected profitability 65-75%.

This is just an idea of trading that can be improved.

 

In the picture there are the examples of trading with binary options on 5 min chart and the examples of trades without binary options

expected profitability 55-65%.

 

This is just an idea of trading that can be improved.

Reversal extreme with slope
Reversal extreme with slope
Reversal extreme trading
Reversal extreme trading
reversal extreme
reversal extreme
Reversal Extreme
Reversal Extreme
Reversal Extreme
Reversal Extreme
Babon Slope .rar
compressed file archive 1.2 KB
Reversal Extreme.rar
compressed file archive 912 Bytes

Write a comment

Comments: 2
  • #1

    John (Monday, 21 December 2015 18:53)

    Missing Slope indicator.

  • #2

    Chris (Tuesday, 22 December 2015 12:40)

    Hello.

    the template can not find the indicator "Babon Slope.ex4". In the rar file the indicator is also not included.

    Can you post this here?

    Thank you.