FX Reversal Breakout MTF

FX Reversal Breakout MTF is a reversal trend strategy based on RSI extrem and Forex Darvas Pointer MTF. In this simple strategy we have two simple components the reversal signals wit RSI arrows(binaryforexindicator.blogspot.com) and the long term breakout with Darvas Pointer signals when these signals are agree this is an good timing for entry in the market.

Time Frame 30 min, 60 min.

Currency pairs: Majors and minors.

Metarader 4 Indicators:

Forex Darvas Pointer default setting with Time Frame D1.

Extreme RSI period 14.

Weekly Pivot

Trading rules FX Reversal Breakout MTF

Long entry

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RSI Extreme green arrow.

Forex Darvas Pointer green dot.

Max two entry in the same direction.

Short Entry

RSI Extreme red arrow.

Forex Darvas Pointer red dot.

Max two entry in the same direction.

We recommend that you enter the price retracement after the signals.

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Exit position options:

Ratio Stop loss minimum 1:1.13 (Initial stop loss on the previous swing high/low.

At the levels of pivots points.

At opposite arrow.

Note: it is noted that this is a multi time frame system and as such some signal in reviewing the history may disappear, but it is part of the game, in this case the multi time frame filter offers me more benefits.

In addition, the forex Darvas Pointer in this way MTF can also be used as a arrow for trend arrow.

In this case we have the following rules:

Buy

Forex Darvas Pointer TF D1 green bar.

Half Trend (amplitude 2) buy arrow

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Sell

Forex Darvas Pointer TF D1 red bar.

Half Trend (amplitude 2) sell arrow

Max two entry in the same direction.

In the pictures FX Reversal Breakout MTF.