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Alzig – best forex reversal indicator for FREE

Alzig – best forex reversal indicator for FREE

Need a good forex reversal indicator? We present you an excellent forex reversal strategy that really makes a profit. Simple trading rules, a huge selection of assets. This system works on the H1 timeframe, so it will not take you much time to trade! You can download the best reverse indicator-Alzig and the trading strategy template at the bottom of this article for FREE!

Forex reversal indicator – Alzig

So, inside our best reverse indicator Alzig is an algorithm for identifying local peaks and moments of price reversal when local highs are reached. The code of this forex reverse indicator includes ZigZag indicators and several moving averages. If you put this indicator on the price chart, it will automatically show local forex reversals on the history of quotes, and will also give you fairly accurate signals about the reversal of quotes in the future. Here is an example of how Alzig – best forex reversal indicator works:

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Forex reversal strategy

  • reverse indicator Alzig gives signals about local price reversals
  • the modified bollinger channel shows us the price channel in which the quotes unfold and helps us to place trading goals, namely, the levels at which you need to set Stop Loss and Take Profit orders.

Together, these two indicators work as follows:

As you can see, everything works quite clearly and clearly – quotes move from the extreme upper borders of the channel to the extreme lower borders of the channel and in the opposite direction. forex reversal indicator Alzig gives us signals about the price reversal. All you need to do is wait for a new signal and make a new deal. The profitability of this simple system is very good! You will see this for yourself when you start using this forex reversal strategy.

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How to use forex reverse indicator Alzig for strategy trading

So, we:

  • wait for the best reverse indicator Alzig to give a new signal about the price reversal,
  • we conclude a BUY deal only if the quotes are below the central line of the channel or slightly above its location.
  • We conclude a SELL transaction only if the quotes are located above the central line of the channel or slightly below its location.
  • The Take Profit level for SELL transactions is set at the bottom on the second level of the bollinger channel
  • The Take Profit level for BUY deals is set at the top on the second level of the bollinger channel
  • The Stop Loss level for SELL transactions is set at the top on the first or second level of the bollinger channel
  • The Stop Loss level for BUY deals is set at the bottom on the first or second level of the bollinger channel.

Given that as the quotes move, the walls of the bollinger channel will also shift, you need to move the Take Profit and Stop Loss orders.
If the forex reverse indicator gives a new signal before the old one is closed, a new trade must be made. This way, you will have new trades appearing in opposite directions. Accordingly, if one direction will bring you a loss, then the second trading direction will help to compensate for most of the losses.

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How to install forex reverse indicator Alzig

As for the installation, it is very simple. Go down to the bottom of this page and download best reverse indicator Alzig and the trading system files for free.
Open the root directory of the MT4 platform and copy the contents of the asset to it.
Make a restart of your platform.
Click on the trade template selection button and select the “forex reverse strategy – Alzig” template.
After the trading system appears on your window with quotes, you can start trading.
An important recommendation is that this strategy is best used for trading on 4-5 assets at the same time. Thus, the forex reverse indicator will give you a sufficient number of signals to trade. Accordingly, you will trade frequently and earn good money.

Download forex reverse indicator Alzig for free

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