Simple Daily Trend Reversal MT4

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

Simple Daily Trend Reversal Trading System  for MetaTrader 4 (MT4) is a straightforward yet effective trading strategy designed to identify potential trend reversals in the forex market. This system is particularly suited for traders who focus on daily, 4-hour, or hourly charts, aiming to capitalize on market corrections or reversals rather than following the prevailing trend. By combining a set of technical indicators, including Moving Averages, ZigZag, Turbo JRSX, and Pivot Points, the system provides clear entry and exit signals for traders of all experience levels

How It Works
The Simple Daily Trend Reversal Trading System is built on the principle of identifying market reversals or corrections, allowing traders to enter trades against the prevailing trend at optimal points.

Buy Signal:
– **ZigZag**: A green ZigZag arrow appears, indicating a potential swing low.
– **Turbo JRSX**: The indicator is in the oversold region (below 20) or shows a bullish crossover.
– **Moving Average**: The price crosses above the MA (e.g., 15-period SMA) or closes above it.
– **Pivot Points**: The price is near a support level (S1 or S2).
– **Action**: Open a buy trade when all conditions are met. For faster moves, enter immediately if the price shoots through the MA without waiting for the candle close.
Sell Signal:

– **ZigZag**: A red ZigZag arrow appears, indicating a potential swing high.
– **Turbo JRSX**: The indicator is in the overbought region (above 80) or shows a bearish crossover.
– **Moving Average**: The price crosses below the MA or closes below it.
– **Pivot Points**: The price is near a resistance level (R1 or R2).
– **Action**: Open a sell trade when all conditions are met. Enter immediately for fast moves through the MA.

Stop-Loss and Take-Profit:
– **Stop-Loss**: Set at the previous swing high/low (based on ZigZag arrows) or just beyond the nearest pivot level. Monitor price action to adjust dynamically.
– **Take-Profit**: Options include:
– A fixed target (e.g., 50–100 pips, depending on the timeframe).
– Fibonacci retracement levels (e.g., 38.2%, 61.8%).
– Average Daily Range (ADR) percentages.
– Exit on a new opposite reversal signal from the system.
– **Trailing Stop**: Optional, activate after a minimum profit (e.g., 20–30 pips) and move to breakeven to lock in gains.

Exit Rules:
– Exit trades based on:
– A new opposite signal from the system (e.g., a sell signal after a buy).
– Price action showing signs of trend exhaustion or reversal (e.g., candlestick patterns like engulfing or pin bars).
– Reaching predefined TP levels or pivot points.