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 systemfollows 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.
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.
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
