Reversal EA
Results 1 to 1 of 1
 2 Attachment(s)    

Thread: Reversal EA

  1. #1
    Junior Member
    Join Date
    Sep 2009

    Default Reversal EA

    Hello there,
    I would be most greatful if anyone could help design an EA based on a system I have been studying for a while now, and been having a good amount of success trading this strategy. It follows a Reversal Indicator. I have attached a photo so you can see how it works. Buy with the blue arrowat the open of the next bar, and sell at the red arrow at the open of the next bar.

    Basically at the moment the indicator works by alerting you when there are two consecutive up or down closes, where the close of the second bar is greater than the close of the first bar. It really indicates that the market is slowing down the trend that it is in, and a reversal is iminent. A s/l is placed 35 pips above/below the high/low of the reversal bar.

    At point 1 on attached picture, the blue arrow indicates that the low to close of current bar is greater than the low to close of the previous bar, so we buy on the open of the next bar - point 2 on the image. The reverse works for points 3 and 4.

    It doesnt work every time, but when it works it really works.


    Attached Images Attached Images Reversal EA-reversal2-gif 
    Attached Files Attached Files

Similar Threads

  1. 2 Bar Reversal indicator
    By forex1one in forum Indicators
    Replies: 16
    Last Post: 06-25-2013, 05:21
  2. Bad EA & reversal
    By Options Trader in forum Ideas for manual systems
    Replies: 0
    Last Post: 10-05-2010, 07:59
  3. Falcon Reversal EA
    By traderjane in forum Ideas for expert advisors
    Replies: 4
    Last Post: 09-10-2010, 15:02

Tags for this Thread

design, high, indicator, pips, strategy, system, time, trading, trend

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Reversal EA