Double Stop Reversal is a forex trading system. Double Stop Reversal is a swing trading forex trading system. Double Stop Reversal can be used by professional traders as well as beginner traders. Double Stop Reversal is very effective forex trading system for swing traders. The Double Stop Reversal forex trading system is very clean; it doesn’t use too many indicators. The system is very clean yet very powerful. There are only six technical indicators used in this forex trading system. The technical indicators in the main chart window generates buying signal and those signals are verified by the indicators that are in the indicator window.
When you install Double Stop Reversal in your trading platform, your chart should look like this:
- Stop Reversal
Stop Reversal is the arrows that you see in the main chart window. There are green, blue, pink and red arrows in the main chart window. The blue and green arrows indicate buying signal while the pink and red arrows indicate selling signal.
- Heiken Ashi
Heiken Ashi bars are average form of candlestick bars. These types of bars reduce the noise of the market. These kinds of chart help you not to be distracted from the short term market fluctuations.
Graal is a technical indicator. Graal consists of bars that are green and red. The green bars indicate buying and the red bars indicate selling.
Buying Conditions Using Double Stop Reversal.
- Market should be up trending.
- The Heiken Ashi bars should be blue.
- A blue arrow should appear below the market.
- Graal indicator should form green bars.
- Place your long position as soon above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Graal indicator forms red bars.
Selling Conditions Using Double Stop Reversal.
- Market should be down trending.
- The Heiken Ashi bars should be red.
- A red arrow should appear above the market.
- Graal indicator should form red bars.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Graal indicator forms green
Download Free Forex Double Stop Reversal Strategy
Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below: