727# Double Stop Reversal
Stop reversal trading
Submit by Mario
Double stop reversal is a trend momentum strategy based on two stop reversal indicators filtered by a momentum indicator. This strategy is very clear and simple.
The purpose of this template was to improve the stop and reversals technique. I hope I succeeded.
Time Frame 15 or 30 min.
Stop reversal (0.002),
Stop reversal (0.0015),
3line three MTF, cycle plus, HL period 18,
Trading Rules Double Stop Reversal
Stop reversal arrow buy 1 and stop reversal arrow buy 2 in the same direction.
In the sub window chart graal un yellow line > 0 and triline 3MTF green bar.
3line three MTF, is optional.
Stop reversal arrow sell 1 and stop reversal arrow sell 2 in the same direction.
In the sub window chart graal un yellow line < 0 and triline 3MTF red bar.
3line three MTF, is optional,
Exit position at the opposite arrow or with predetermined take profit.
To exit you can also refer to the support and resistance levels.
Place initial stop loss on the previous swing high/low.
In market side phases can give false signals.
This template is discretionary for a better success it must be applied to the currency pairs in trend.
In the pictures Double Stop Reversal in action.