702# Profit 99 reversal trading
Reversal Trend Strategy
Zone support and resistance as filter
Profit 99 reversal trading is a trend reversal trading system which can be used at all time frames but also as day trading. The system is based on the Profit 99 indicator which looks for the extreme areas of the market as a reversal. I have therefore framed this indicator within a scheme that facilitates the search for only the best signals. The way to filter the signals is composed of the TMAs and the support and resistance zones.
Setup strategy
Time frame 5 min or higher.
Currency pairs: any, Indices and Gold.
High profitability
Platform Metatrader 4.
Metatrader 4 indicators
Profit 99.
TMA band (1.8, 100 periods).
Supply and Demand Zone
Symbol and Changer.
Trading rules of Profit 99 reversal trading
Buy
The price touches or exits the
lower TMA band.
The price rests on a support zone (recommended).
Buy dot of Profit 99. indicator.
Sell
The price touches or exits the
upper TMA band.
The price rests on a resistance zone (recommended).
Selldot of Profit 99. indicator.
Exit position
Place initial stop loss below the previous swing high/low or below/above the support/resistance zone.
Make profit at the middlle band or opposite TMA band.
Note:To apply the strategy you have to open many charts and look for the best opportunities.
Examples of trades.
