“EMA – Double Top & Double Bottom” Trading Indicator

“EMA – Double Top & Double Bottom” Trading Indicator. We’ll reveal my personal strategies for using chart patterns to consistently win in the Forex, cryptocurrencies, and stocks markets.

Trading NOTES

• DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
• Use a demo account or a small live account first to practice this trading system

DOWNLOAD INDICATOR

Plus, we’ll provide a helpful guide on trading chart patterns, along with indicators that function like professional tools to help you understand price movements.

Did you know that there are double top and double bottom patterns that, when they appear, almost always generate winning trade signals and provide significant profits?

So, here are the secret double top and double bottom patterns that are unknown to most beginner and amateur traders. These patterns don’t show up often, but when they do, you’re given a special opportunity to make substantial profits in the market.

• Download “TraderVersity-DoubleTopBottomSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity-DoubleTopBottomSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “TraderVersity-DoubleTopBottomSystem” trading  system and strategy
• You will see “TraderVersity-DoubleTopBottomSystem” is available on your Chart

This is the correct and safest way to use double top or double bottom patterns.

In my experience as a trader and investor, this is the best, safest, and offers a relatively high risk-reward ratio for each trading signal.

• 1st. A clearly established trend.
  • As we can see in this chart, this is a bullish trend.
  • Then, we notice a downward trend that eventually forms a double bottom above the 50-period EMA (Exponential Moving Average). Take a look at the blue triangle (Double Bottom Indicator).
  • So, when the price breaks out above the neckline of the double bottom, it means that the recent downward movement is likely a correction, and there’s a good chance that the price will continue its main upward trend.
  • Therefore, we can open a BUY position on the next candle and place a stop loss just below the nearest swing low or below the 50-EMA.
• 2nd. Minimum Price Movement Target Projection after Breakout.
  • You can project the potential minimum target for a price increase in a double bottom pattern if the breakout is confirmed by measuring the distance between the lowest point of the double bottom and the closing price of the breakout candle.

• 1st. A clearly established trend.
  • As we can see in this chart, this is a bearish trend.
  • Then, we notice an up trend that eventually forms a double top below the 50-period EMA (Exponential Moving Average). Take a look at the red triangle (Double Top Indicator).
  • So, when the price breaks out below the neckline of the double top, it means that the recent upward movement is likely a correction, and there’s a good chance that the price will continue its main downward trend.
  • Therefore, we can open a SELL position on the next candle and place a stop loss just above the nearest swing high or above the 50-EMA.
• 2nd. Minimum Price Movement Target Projection after Breakout.
  • You can project the potential minimum target for a price decrease in a double top pattern if the breakout is confirmed by measuring the distance between the highest point of the double top and the closing price of the breakout candle.

In my opinion, every trader aiming for success in the Forex, stocks, or cryptocurrencies market should master this strategy. The double Top & Double Bottom price action trading strategy I’ve explained is incredibly powerful for maximizing profits in the market.

Even though they don’t appear frequently, you should always be disciplined and follow all the analysis and trading rules I’ve discussed in this tutorial.

DOWNLOAD TRADING SYSTEM