Intraday trading strategy Ultra Trend with Super Reversal
Intraday trading strategy Ultra Trend with Super Reversal has two key features. Very simple trading rules are combined with rather aggressive market entries.
The source of signals is the Super reversal signal indicator, and the Ultra Trend indicator filters these signals.
Input parameters
- Currency pairs: pairs with high volatility, commodity assets, indices
- Timeframe: M5 and older
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Pivot Points Levels
- Ultra trend
- Super reversal signal
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install the template with the name Ultra trend
The schedule should look like this:
Signals indicating the opening of a long position
- points of the Ultra trend indicator in blue;
- a blue up arrow appeared.
Signals indicating the opening of a short position
- points of the Ultra trend indicator in red;
- a red down arrow appeared.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous local maximum/minimum;
- Take Profit is set at one of the pivot levels. It is possible to exit the trade when the arrow appears in the opposite direction. When the color of points of the Ultra Trend indicator changes, the trade is closed on a mandatory basis.
Intraday trading strategy Ultra Trend with Super Reversal will not cause difficulties even for novice traders, but requires strict adherence to rules of mani gmentAs are all other strategies.
Before using the Ultra Trend with Super Reversal strategy on a real deposit, be sure to test it on a demo account.
Download Ultra Trend with Super Reversal Strategy Template and Indicators