High accuracy Trend Reversal Trading System with Channel High Low as Support and Resistance. This trading strategy is based on channel high / low as support and resistance.
The purpose of this system is to catch the bounce on the channel confirmed by three indicators including fisher an indicator recalculates.
I introduced fisher to have more price action, but it can be replaced.
- Time Frame : 15 min or higher
- Currency Pairs: All Major Pairs
MetaTrader Trading Indicators
- Moving Average 10 period
- Signal Line
- Price Channel Stop
- Super signal channel
- GG-river flow
- Trigger 5, 13, 1
- Fisher period 10
BUY Rules
- When appears the BUY arrow wait that the four indicators are agree in the same direction
- Signal Line blue color
- Price Channel Stop aqua color
- Fisher green bar
- Trigger gree bar
SELL Rules
- When appears the SELL arrow wait that the four indicators are agree in the same direction
- Signal Line red color
- Price Channel Stop magenta color
- Fisher green bar
- Trigger gree bar
Trading NOTES
Exit position place initial stop loss above/below the channel.
Risk Reward Ratio = 1:2 or 1:3.