Forex Mean Reversion
Forex Mean Reversion is a variation of the channel indicator that, when used correctly, can be used as in the intraday trading, and in the long term trade. Forex Mean Reversion suitable for any currency pair, but the best results can be achieved when trading on major currency pairs.
Characteristics of Forex Mean Reversion Indicator
- Platform: Metatrader4
- Currency pairs: Any, recommended majors
- Trading Time: Any, recommended M5 or higher
- Timeframe: Any
- Recommended broker: Roboforex, XM, Forex4you
The essence of trade by indicator Forex Mean Reversion lies in its name. Price, reaching the upper channel line or lower channel line, always eager to return to the middle of channel. This pattern, we will use to trade on indicator Forex Mean Reversion.
Open a Long position when the price reached the bottom (green) border of the channel. Exit when the price returns to the middle of the channel (yellow line).
Open a Short position when the price reached the upper (red) border of the channel. Exit when the price returns to the middle of the channel (yellow line).
If the price has reached the second top / bottom (green / red) line of the channel, it means a stronger signal. But you need to enter into the market when reaching of first line. For more details, read the manual, which can be downloaded below.
In the archives Forex_Mean_Reversion.rar:
- forex_mean_reversion_indicator.ex4
- forex_mean_reversion_template.tpl
- Forex Mean Reversion Manual.pdf
Free Download Forex Mean Reversion
