Tutorial Simple Daily Trend Reversal Trading System

Hello everyone I'd like to welcome you to my thread. I want to share with you a great strategy that I have been trading for over one year now consistently. I have had pretty good success with this strategy, and providing you follow all the trade rules of the strategy you can also have good success.

This strategy is based off of trading trend reversals. It requires you to be very patient, and calm as confirmed set ups are few, but when there is a confirmed set up it will be profitable most of the time. There are 3 main indicators, and an SMA that are used for this strategy, I found them free online a long time ago, and found a way to make them work together successfully.

We will trade mainly on H4 chart, and D1 chart, although lower time frames can be used, but with lower accuracy, and higher risk, so its advised to do so with caution.

It is very important to make sure that all the indicators are in agreement for a confirmation of a trade, if not then it will reduce your probability of success.

Setting the SL & TP levels is a personal choice. For me when I do set a SL, I would normally set my SL at the previous swing high or low (previous Zig Zag Arrow) and I also pay close attention to the price action. The TP can be a fixed target (+50-100 pips) or using Fibonacci retractment, or when there is a new confirmed opposite signal to get maximum pips. I will monitor the price action the majority of the time, and get out if I see the trend is changing, and a new reversal forming. Please see below the trade rules:


Rules to buy:


A green Zig Zag Arrow will appear.
The MBFX Timing indicator is in the oversold zone (Below the 30% level) and indicating a green uptrend.
The Trend Line indicator is showing a green uptrend.
When the candle crosses, and closes above the 15 SMA up from below, and only if the trade is still confirmed by the 3 indicators.

Rules to sell:



A red Zig Zag Arrow will appear.
The MBFX Timing indicator is in the overbought zone (Above the 70% level) and indicating a red down trend.
The Trend Line indicator is showing a red downtrend.
When the candle crosses, and closes below the 15 SMA down from above, and only if the trade is still confirmed by the 3 indicators.

 

IF any questions you can contact me skype to talk

 

can you share your live trading results pls ?

 

you can test

 

That's a cool system, thanks for sharing.

 

Trading di chart time frame besar itu lebih baik ketimbang scalping atw day trading. Ku pernah dengar para ahli bilang kalo kita perlu kasih waktu sama pasar supaya kita bisa ambil keuntungan. Kebiasaan ngga sabaran bisa bikin bangkrut. Makanya yang sabar!

 

Betul, sabar dibutuhkan dalam trading, dengan menggunakan sistem trading yang dibagikan ini butuh kesabaran mendapatkan sinyal trading
kalau belum terkonfirmasi sinyal dari indikator maka harus menunggu sehingga tahu hasilnya bagus akurat atau tidak

 

Saya bukan pengagum besar perdagangan hari karena saya pikir itu lebih berisiko. Saya percaya pada perdagangan jangka panjang di mana saya dapat mempercayai indikator yang saya gunakan saat melakukan perdagangan. Kepercayaan ini sangat penting jika Anda ingin bertahan lama di pasar dengan profit beruntun yang berkelanjutan. Tetap di pasar selama yang Anda bisa.

 

Counter-trend traders regularly utilize mean-reverting systems to open an exchange. Fundamentally, the price makes good and bad times in any event, when the market is trending, and this kind of trader needs to exploit these moves. Counter-trend trading is likewise a famous day trading strategy. Be that as it may, since this day trading style includes opening exchanges the other way of the hidden trend, counter-trend exchanges are normally riskier than their breakout of trend-following partners.

 

In Forex market, there are various types of Forex brokers are available. But as a trader you have to pick the broker which is suitable according to your trading style. Because not all the broker is able to fulfill your needs due to some restrictions. I get Forex4you is the best STP broker for using any kinds of trading styles especially as a scalper I need this broker. They have low zero spread, instant market execution etc.

 

Thanks for sharing! Awesome

 

terima kasih atas ilmunya, sangat membantu

 

This is my review for this thread:
very helpful

 

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