Ultra Trend with Super Reversal is a non-repaint trend-following trading system. It is a versatile system that suits all sorts of time frame charts/trading styles. Moreover, it is applicable to trade all kinds of forex currency pairs.
This system follows a simple trading strategy that combines trend-based indicators in order to define the market trend in the correct manner. Its simplicity of chart demonstration can be considered as an advantage for the newbie traders.
Ultra Trend with Super Reversal Overview
Download the trading system and install it on the MT4 platform. Copy and paste the respective indicators to the indicators folder and load the template. Once you’re done, your chart will appear like the image below.
Ultra Trend with Super Reversal Explanation
- Super Reversal Signal: It plots arrow signals around the price bars to show possible changes in the present market trend. It helps traders to avoid premature market entries. It can also be used to determine potential trade exit areas.
- Ultra Trend Signal: This indicator works to identify the market trend. It turns blue and price moves above its level mean the trend is bullish. For the bearish trend signal, it should be turned into red and price should be roaming below its current level. It can also be used to determine the dynamic stop level of the market entries.
Ultra Trend Buying Parameters To Be Met
- Price moves above the Ultra Trend Signal Level.
- Super Reversal Signal plots upward arrows below the price candle.
- Ultra Trend Signal turns blue.
- Set stop loss below the current Ultra Trend Signal level.
- Exit long/take profit whenever Super Reversal Signal plots a red downward arrow above the price candle.
Ultra Trend Selling Parameters To Be Met
- Price moves below the Ultra Trend Signal Level.
- Super Reversal Signal plots downward arrows above the price candle.
- Ultra Trend Signal turns red.
- Set stop loss above the current Ultra Trend Signal level.
- Exit short/take profit whenever Super Reversal Signal plots a white upward arrow below the price candle.