Best
reversal strategy is a price action inversion strategy because it is
based on triangular moving averages and a famous super signal,
filtered by multi time frame and Dynamic trader Index alias TDI (by
Dean Malone).
This
strategy can be used in two ways:
first
with daily filter (conservative approach), meaning that only the
signals that agree with the daily trend are traded;
second,
signals without the day filter are traded but with short profit
targets.
Time
Frame 5-15 min only for expert traders, very good time frame H1 and
h4.
Currency
pairs: any
Metatrader
4 indicators:
TMA
Bands setting:
Price
Border period 61, ATR multiplier 2.6, ATR period 110;
Price
Border period 61, ATR multiplier 3.0, ATR period 110;
Price
Border period 61, ATR multiplier 3.4, ATR period 110:
Price
Border period 61, ATR multiplier 3.8, ATR period 110;
Price
Border period 61, ATR multiplier 4.4, ATR period 110;
Price
Border period 61, ATR multiplier 4.8, ATR period 110;
Price
Border period 61, ATR multiplier 5.8, ATR period 110.
ITM
X GEN Synt ( Alert on trade signal True, Alert 0 true. Alert 1 true).
Beast
super signal (60,12, 6, 8). This configuration recalculates very
slowly.
Traders
Dynamic Index Pro (default setting).
Trading
Rules Best Reversal Strategy
Symbol
Changer.
Multi
directional time frame filter
ITM
X GEN buy / sell arrow time frame H1 to filter
5
min and 15 min.
ITM
X GEN buy / sell arrow H4 time frame to filter
30
min and H1
ITM
X GEN buy / sell arrow daily time frame to filter
4H
or H1 (h1 can be filtered with H4 and daily).
The
best time frames for trading with this strategy are H1, H4, and
daily.
Buy
Price
action reaches the lower bands.
1
or more buy arrows of ITM X GEN.
Buy
arrow of Beast super signal (timing of entry).
TDI
green line crosses the red line upwards. (best condition is when the
green line comes out below the lower band (blue line and then returns
crossing the red upwards).
Sell
Price
action reaches the upper bands.
1
or more sell arrows of ITM X GEN.
Sell
arrow of Beast Super Signal (timing of entry).
TDI
green line crosses the red line downwards. (Best condition is when
the green line comes out below the upper band (blue line and then
returns crossing the red upwards).
Exit
position at midlle band or magenta dot line (for buy) os blue dot
line for sell. Place initial stop loss on the previos swing High/Low.
In
the pictures examples of trades with Best Reversal Strategy.
Does anyone have the sources of the "Price Border" indicator?
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