Double Reversal Signals System description
Double reversal Signals system is a strategy trending and reversal that you can use also with Renko chart.
Time frame h1 or 240 min.
Currency pairs majors (EUR/USD, GBPUSD, USD/CHF, AUD/JPY, AUD/USD, NZD/USD, NZD/JPY).
Setting for with renko chart:
Renko Box Size 10
Renko Box offset 0
M2 or M4
Bulls Eyes (filter indicator);
Reversal signal MTF;
Zig Zag indicator;
EA: Renko live chart 3.2
Trading rules Double Reversal Signals System
MTF Reversal Arrow o (Buy) filtered by green bar bulls eyes indicator.
MTF Reversal Arrow (Sell) filtered by red bar bulls eyes
Exit at the opposite signal (arrow ). but is good a ratio 1.3 initialt stop loss.
With the renko chart there are the same rules but there is the advantage that the chart is more clean.
Double Reversal Signals System download