605# Super Reversal Trading System
Reversal Trading with ADX, Bollinger Bands and CCI
Submit by joy22 17/11/2014
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 One toch time Frame 4H or daily expiry time 8-12 candles. The same rules.
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)
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.
the same conditions with add Support ADX > 35 levels or 40 levels.
35 levels for time frame H1, H4, daily.
Initial stop loss depends by your management of the risk.
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 the folder there is also SuperADX but this indicator suck only ram