High accuracy “Forex Double Top Bottom MT4 Trading Indicator and Template” – Double top and bottom patterns are formed from consecutive rounding tops and bottoms.
These patterns are often used in conjunction with other indicators since rounding patterns, in general, can easily lead to fakeouts or mistaking reversal trends. In this system, we use the RSI indicator.
- Time Frame: H1 or higher
- Currency Pairs: GBPUSD, EURUSD, USDJPY, AUDUSD. and USDCAD
- Double Top Bottom Patterns
- Download “TraderVersity.Com-DoubleTopBottomPatternsSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-DoubleTopBottomPatternsSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex trading system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-DoubleTopBottomPatternsSystem” trading system and strategy
- You will see “Double Top & Double Bottom Patterns System” is available on your Chart
- Double Top Bottom Patterns: Double BOTTOM with blue color “BUY signal” arrow
- RSI: Above level 55 line
- Double Top Bottom Patterns: Double TOP with red color “SELL signal” arrow
- RSI: Below level 45 line