The Super Forex Reversal trading system for Metatrader 5 offers highly accurate trend reversal signals based on moving averages.
To effectively utilize this system, simply follow the clear buy and sell trend reversal arrows displayed on the price chart, which do not repaint.
Here are the straightforward trading rules to buy and sell using this system:
- A light-blue colored signal arrow indicates the start of a bullish trend reversal.
- A magenta colored signal arrow suggests the start of a bearish trend reversal.
You have the flexibility to customize the indicator inputs and parameters according to your preferences, including MA shift, MA period, MA type, and MA price.
Valuable tips for scalpers and day traders who focus on the 1-minute and 5-minute charts:
- It is advisable to apply the Super Forex Reversal Trading system during the London and New York trading sessions.
- To minimize expenses associated with spreads, it is advisable to trade currency pairs with lower spreads.
Make yourself familiar with this trading system and test it first on a demo account for an extended period.
Download Indicator
simple_trading_system.mq5 Indicator (MT5)
Trading Chart EURGBP M5
The following picture shows what the Super Forex Reversal trading system looks like when applied to the MT5 chart.
How To Buy And Sell Forex With The Super Forex Reversal Trading System?
Find a simple trading example below:
Buy Signal
- A buy signal is confirmed when the light-blue colored arrow gets displayed on the chart.
- Open a buy market order and place your protective stop below the most recent support zone.
- Exit the buy trade for a fixed profit target of your preference, or await a sell signal before closing the buy trade.
Sell Signal
- A sell signal is confirmed when the magenta colored arrow gets displayed on the chart.
- Execute a sell market order and place your protective stop above the most recent resistance region.
- Exit the sell trade for a fixed profit target of your preference, or await a buy signal before closing the sell trade.
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simple_trading_system.mq5 Indicator (MT5)
MT5 Reversal Strategy Using Super Forex Reversal Trading System and Simple Trend Bar Indicator with Signal
Overview
This reversal-based trading strategy leverages the early detection features of the Super Forex Reversal Trading System, combined with trend confirmation from the Simple Trend Bar Indicator with Signal.
It is designed to catch turning points in the market while staying aligned with short-term trend momentum.
Timeframe
Best suited for M15, M30, and H1 timeframes. Suitable for intraday and swing trading.
Indicators Used
- Super Forex Reversal Trading System – detects overbought/oversold zones and likely reversal points using dynamic support/resistance and oscillators.
- Simple Trend Bar Indicator with Signal – confirms the trend direction with clear colored bars and timely alerts.
Buy Entry Rules
- The Super Forex Reversal Trading System shows a bullish reversal signal (e.g., support bounce, oversold oscillator, or arrow indicator).
- The Simple Trend Bar Indicator confirms by printing green trend bars or a buy signal.
- Enter a buy trade after both indicators align in the bullish direction.
- Set the stop-loss below the recent swing low or the reversal support level.
- Take profit at the next resistance zone or trail stop based on bar color change.
Sell Entry Rules
- The Super Forex Reversal Trading System identifies a bearish reversal signal (e.g., resistance zone rejection, overbought oscillator, or downward arrow).
- The Simple Trend Bar Indicator confirms with red trend bars or a sell signal.
- Enter a sell trade when both indicators are aligned bearishly.
- Set the stop-loss above the recent swing high or resistance zone.
- Take profit at the next support level or use a trailing stop triggered by trend bar color change.
Strategy Tips
- For best results, avoid trading during major economic news releases.
- Use with pairs that respect technical levels, such as EURUSD, GBPUSD, and USDJPY.
- Look for confluence zones where the reversal system aligns with previous support/resistance.
- Ensure the risk-to-reward ratio is at least 1:2 before entering a trade.
Conclusion
This strategy is effective for traders looking to catch trend reversals with added confirmation.
The Super Forex Reversal Trading System provides early warning signs of market exhaustion, while the Simple Trend Bar Indicator helps confirm the shift in market sentiment.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the simple_trading_system.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
