1-2-3 Forex Reversal Pattern Strategy
You must have noticed that the markets tend to range more than they trend. First, the reversal pattern. Write a comment Comments:
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But I think difference indices will need different target n stops based on experience. Yes it is optomised for a lot of different pairs. One would have to do that for indices as well. As far as the pips go those figures of 80 and get reduced to 8 and Best not to play with trading systems too much imo. Either they work or they dont. Ideally this EA should let one choose! Then one could optomise it for current conditions as well as forward testing. It needs to pass that test b4 I would put any money up to trade it.
Fill out the form below to signup to our newsletter and we'll drop you a line when new Indicators and Expert Advisors are added. And you can be sure to know you'll be the first to know when we have done a review of a new trading system. The rules to this super easy. This trading system involves 4 simple steps.
Identify a current trend. Manage your trade later.. Trend line must be based on 3 points. This is your Signal 1. As soon as a trend line breakout occurred.
Just wait for the price to hit. Point 2 is a very strong signal. Set your own target example 20 pips. Use a trailing stop to exit max profit. Exit near strong resistance levels not. Share your opinion, can help everyone to understand the forex strategy. The reason candlestick patterns are so reliable is that they contain the price action during the present and show reversals, break outs and trends as they happen.
They can also be used to show indecision in ranging markets thus keeping you out of trouble. Forex Mystery saves you the hassle of studying the charts for candlestick patterns as it will analyse each and every chart that you run it on and alert you when a candlestick pattern appears. Forex Mystery also includes a guide on how to interpret and use candlestick patterns in your forex trading.
This is information every forex trader must know as candlestick patterns show price action as it happens. They have been used for years, way before technical indicators were introduced so they generate very accurate signals.
Forex Mystery is not just a candlestick pattern recognizer; it also includes a divergence indicator that will alert you to reliable divergence patterns that can be used stand alone or in combination with the candlestick patterns.