How do you accurately determine when to enter…? This “Level Stop Reverse Trading System” is a good answer.
Many traders trade reversal setups and entries are critical here. If you’re entering too early, you might enter exactly at the worst point, when the trend has retraced and now continues in the original direction.
On the other hand, if you enter too late, you’re missing the bulk of the move and a good Risk Reward Ratio trade is less likely.
Picking a good entry point is something that is learned with experience, but there are entry strategies that make it easier.
- Time Frame: M15 or higher
- Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPJPY, AUDUSD, and USDCAD
MetaTrader Trading Indicators
- Level Stop Reverse
- Magnified Market Price
- XXX (Momentum Indicator)
BUY Rules
- Level Stop Reverse indicators: Below the candles
- XXX (Momentum Indicator):
- On the blue area
- Blue Line cross above the Black Line after a retracement
SELL Rules
- Level Stop Reverse indicators: Above the candles
- XXX (Momentum Indicator):
- On the magenta area
- Red Line cross below the Black Line after a retracement
Trading NOTES
- This is a high accuracy trading system for H4 time frame