QUICK &
Mean Reversion Scalping Strategy for Forex
It is a well documented fact that at some point all markets will face a mean reversion event. This usually occurs near the end of a trend when momentum starts to fade due to either capitulation or a market distribution phase.
This specific version of the High Probability Reversal Strat utilizes this unique edge by trading high probability mean reversal setups in the GBPUSD market utilizing the 5min timeframe. Once a trade is initialized the stop is well defined for an optimal risk to rewards ratio and will then attempt 1 of up to a maximum of 3 trades to profit from the expected mean reversion event.
All indicators includes free access to my Ultimate and Complete Course on High-Probability Trading (follow link for course content). You will find the link to the course content in the purchase note upon completion of payment.
About Me:
I am a professional ProRealTime developer with 4+ years experience in creating and coding ProRealTime strategies.
You can view my PRC profile here: https://www.prorealcode.com/user/juanj/
Strategy Features:
- Once-off cost with no yearly fees!
- Time Zone Independent (works in any time zone)
- Optimal Risk:Reward based stop loss
- Automatically calculates and analyses Weekly Pivots for enhanced accuracy
Requirements:
- Minimum Recommended Account Size: $1000 (Covers Margin and Risk)
- Account Type: IG Standard International Account
- Market: GBPUSD mini 5-minute timeframe
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