582# Signal Line Forex Reversal System

Forex Reversal System

 

Submit by MJ 29/07/2014

 

Signal line Forex Reversal System is a swing system that find reversal price of currency pair. This forex strategy is based on trend and support/resistance metatrader indicators.

Time Frame H1 ( ref Support and Resistance H4);

Time Frame H4 ( ref Support an Resistance daily).

 

 

Metatrader Indicators

Trend and fibo alerts,

Time to next bar,

Gold line (13,21, 9),

Sof signal ( 0, 30, 9.0),

Signal line alerts (21, 3, 0),

Super signal channel alert (4),

Support and resistance indicator,

Puilse MACD (9,21, 2).

 

Rules for Signal line Forex Reversal System

 

Buy

Buy Arrow Gold line

Signal line alerts green color,

Price below H4 Support line;

Pulse MACD crosses upward.

 

Sell

Sell Arrow Gold line

Signal line alerts red color,

Price below H4 Support line;

Pulse MACD crosses downward.

 

Exit Position

When Signal line alert changes direction.

Make Profit with ratio 1.2 stop loss.

Initial stop loss on the previous swing.

 

In the pictures Signal Line Forex Reversal System in action.

 Signal Line Forex Reversal System
Signal Line Forex Reversal System
Signal Line Forex Reversal System
Signal Line Forex Reversal System
Signal Line Forex Reversal System
Signal line Forex Reversal System.rar
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Comments: 1
  • #1

    kardoen (Sunday, 03 August 2014 09:59)

    thank you verymuch, good forex indicator