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54# Trade Double Top and Double Bottom Pattern Forex Strategy

Pattern MT4 Strategy

Price action with the  trend

Submit by Timmy

 

Trade Top and Bottom Pattern Forex Strategy it is a strategy that seeks the tops and bottoms with an MT4 indicator that performs this function, then, when a top or bottom is presented, it enters the position if it is confirmed by trend indicators, so it is not immediately entered as in a normal strategy Price Action but seeks confirmation. In other words, if on the one hand we increase profitability, on the other we decrease the risk-return ratio.

Confirmation of the signal is provided by these two indicators Slope and BPNN predictor.

Time Frame 15 min- 30 min or higher

currency pairs: any.

Metatrader 4 indicators

Slope indicator, 100 pips daily scalper, yellow line up trend, red line down trend.

BPNN Predicotor Smoothed

Double top and double bottom finder

Buy Sell entry

Buy sell wave entrty

Trading Rules

Buy

Aqua arrow buy of Double top and double bottom finder.

Aggressive entry when the BPNN predictor crosses upward the slope.

Conservative when the slope line is yellow color and draw on the screen the signal buy.

Sell

Red arrow sell of Double top and double bottom finder.

Aggressive entry when the BPNN predictor crosses downward the slope.

Conservative when the slope line is red color and draw on the screen the signal buy.

Exit position

Initial stop loss at the previous swing high/low.

Profit target minimum ratio sto/loss 1:1.4

 

In the pictures Trade Top and Bottom Pattern Forex Strategy in action.

 Trade Top and Bottom Pattern Forex Strategy
Trade Top and Bottom Pattern Forex Strategy
 Trade Top and Bottom Pattern Forex Strategy
Trade Top and Bottom Pattern Forex Strategy
 Trade Top and Bottom Pattern Forex Strategy
Trade Top and Bottom Pattern Forex Strategy
 Trade Top and Bottom Pattern Forex Strategy
Trade Top and Bottom Pattern Forex Strategy
Trade Top and Bottom Forex strategy.rar
compressed file archive 223.9 KB

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https://www.forexstrategiesresources.com/patterns...patterns/13-double-top- reversal-pattern/
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The double top pattern occurs because most investors that buy a stock "wrong" will refuse to exit until they can do so without suffering a loss. Double tops occur ...
https://www.forexstrategiesresources.com/patterns...patterns/20-triple-top- reversal-pattern/
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Triple Top is a pattern very similar to the Double Top -- only there are three distinctive tops rather than two. A triple top formation is a distinct chart pattern ...
https://www.forexstrategiesresources.com/patterns.../14-the-dragon-pattern/
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Like most 'Double Bottom' patterns, Dragon patterns present excellent trading opportunities with low risk to reward ratios. The Dragon pattern starts with a ' Head' ...
https://www.forexstrategiesresources.com/patterns-forex.../chart-patterns/
List of Chart Patterns. ... 13# Double Top (Reversal Pattern) · 14# Falling Wedge ( Bullish Reversal Pattern) · 15# Head & Shoulders Bottom (Reversal Pattern).
https://www.forexstrategiesresources.com/.../Chart%2BPatterns%2BTutorial. pdf?...
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File Format: PDF/Adobe Acrobat
5 Jul 2006 ... ... tools include basic chart patterns, such as triangles, double tops and ... These work best for an overview, especially over a long period of time ...
https://www.forexstrategiesresources.com/.../599-trend-cci-with-123-pattern- strategy/
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Trend CCI filter double 123 pattern. One the best day trading strategy. Submit by Janus Trader. Trend CCI with 123 Pattern ...
https://www.forexstrategiesresources.com/patterns...patterns/12-double- bottom-reversal-pattern/
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Double Bottom formation is in many ways the mirror image of the Double Top. After an extended decline to new lows a stock puts-in a bottom on massive volume ...
https://www.forexstrategiesresources.com/patterns...patterns/11-cup-and- handle-continuation-pattern/
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Cup with handle patterns are very similar to double top patterns with the exception being that selling does accelerate after the formation of the second top,  ...
https://www.forexstrategiesresources.com/patterns...patterns/25-broadening- top-bearish-reversal/
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The measured target is derived by subtracting the height of the pattern from the eventual breakout level. • Unlike most consolidation patterns, broadening tops ...
https://www.forexstrategiesresources.com/patterns...patterns/9-rectangle- continuation/
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... a rectangle is derived by adding the point difference between top#1 and the reaction low to the new breakout level. • Rectangles are continuation patterns and ...