Forex strategy Ultra Trend Super Reversal – strategy without redrawing
Hello friends! Ultra Trend Super Reversal is a trend trading system without redrawing signals. It is a versatile strategy that suits all kinds of time charts and trading styles. Moreover, it is applicable for trading all types of Forex currency pairs , cryptocurrencies and CFDs . The Ultra Trend Forex Strategy follows a simple trading system that combines trend-based indicators to correctly identify the trend in the market. The ease of interpreting strategy signals can be seen as an advantage for novice traders.
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Ultra Trend Strategy Features
Trading platform – MetaTrader 4
Strategy type – indicator
Trading time – around the clock
Timeframe – any
Currency pairs – any
Recommended brokers:RoboForex, Forex4you, AMarkets
Description of the Ultra Trend strategy
The following indicators are used in the Ultra Trend Forex strategy:
- Super Reversal Signal. It displays signals as arrows around price bars to show possible changes in the current market trend. This helps traders avoid premature exits from trades. It can also be used to identify potential entry points.
- Ultra Trend Signal. This indicator works to identify the market trend. If it turns blue and the price moves above the indicator line, it means that the trend is bullish. For a bearish trend signal, it should turn red and the price should be below the indicator line. It can also be used to determine the level of dynamicstop loss after entering the market.
Download the Ultra Trend trading strategy at the end of our review and install it on the MT4 platform . Copy and paste the appropriate indicators into the indicators folder and download the template. Once you’re done, your graph will look like the image below.
Conditions for buying according to the Ultra Trend strategy
- The price moves above the line of the Ultra Trend Signal indicator;
- The Super Reversal Signal indicator forms an up arrow;
- The Ultra Trend Signal indicator line turns blue;
- If all signals match, open a buy trade and set a stop loss below the current Ultra Trend Signal level;
- Exit the trade when the Super Reversal Signal shows a red downward arrow above the price.
Ultra Trend Sales Conditions
- The price moves below the line of the Ultra Trend Signal indicator;
- The Super Reversal Signal indicator forms a downward arrow;
- The Ultra Trend Signal indicator line turns red;
- If all signals match, open a sell trade and set a stop loss above the current Ultra Trend Signal level;
- Exit the trade when the Super Reversal Signal shows a blue upward arrow below the price.
Forex strategy Ultra Trend Super Reversal is a simple trend strategy without redrawing the indicators. It is ideal for all trading instruments and timeframes , and can also be used by novice traders.