Metatrader 4 -Double stop reversal strategy is good for scalping. There are two arrows & Heiken Ashi indicator, which are helping to confirm reversal entry points. Before you enter for a forex trade decide what kind of trader you are. If you are a trend trader, please identify what is the correct trend. keep in mind, don’t enter to trades against the trend. If you are a scalp trader, you can enter to trade after getting good confirmation and exit when you get the first opposite signal.
How to install Metatrader 4 -Double stop reversal strategy.
Open meta trader platform>open data folder>open MQL4>open indicator folder>insert all ex4.files to indicator folder>open template folder>indert tpl.file to template folder>restart meta trader platform.
How to trade from meta trader 4 template.
When the buy trade Heiken Ashi candle must change to blue color. Also, Blue arrow & green arrow must appear in the upper direction. The triline 3 mtf candle must be changed to a green color. Also, the purple line should show on the below window. The yellow line must be a move to above zero line. If these all indicators appear together you can enter for a buy trade.
When the sell trade Heiken Ashi candle must change to red color. Also, Pink arrow & red arrow must appear for lower direction. The triline 3 mtf candle must be changed to a red color. Also, the purple line should show on the below window.
The yellow line must be a move to below zero line. If these all indicators appear together you can enter for a sell trade.
Once you get one of the opposite signals you can exit from the trade. Otherwise, exit with target profit pips. Place stop loss to the higher high or lower low level.
