54# Trade Double Top and Double Bottom Pattern Forex Strategy
Pattern MT4 Strategy
Price action with the trend
Submit by Timmy
Trade Top and Bottom Pattern Forex Strategy it is a strategy that seeks the tops and bottoms with an MT4 indicator that performs this function, then, when a top or bottom is presented, it enters the position if it is confirmed by trend indicators, so it is not immediately entered as in a normal strategy Price Action but seeks confirmation. In other words, if on the one hand we increase profitability, on the other we decrease the risk-return ratio.
Confirmation of the signal is provided by these two indicators Slope and BPNN predictor.
Time Frame 15 min- 30 min or higher
currency pairs: any.
Metatrader 4 indicators
Slope indicator, 100 pips daily scalper, yellow line up trend, red line down trend.
BPNN Predicotor Smoothed
Double top and double bottom finder
Buy Sell entry
Buy sell wave entrty
Trading Rules
Buy
Aqua arrow buy of Double top and double bottom finder.
Aggressive entry when the BPNN predictor crosses upward the slope.
Conservative when the slope line is yellow color and draw on the screen the signal buy.
Sell
Red arrow sell of Double top and double bottom finder.
Aggressive entry when the BPNN predictor crosses downward the slope.
Conservative when the slope line is red color and draw on the screen the signal buy.
Exit position
Initial stop loss at the previous swing high/low.
Profit target minimum ratio sto/loss 1:1.4
In the pictures Trade Top and Bottom Pattern Forex Strategy in action.
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