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It is generally accepted that trading against the trend is a thankless task. However, some traders specifically develop pullback trading strategies. At the same time, they choose arrow-type indicators as their assistants.
One of them is rebound arrows.
Tests have shown that it is best to use it on five-minute timeframes with one bar expiration (five minutes). Moreover, flat assets, or the so-called calm currency pairs, such as USD/CAD, will be the most suitable for such a strategy.
What is the strategy?
If a DOWN arrow appears on your chart, buy a PUT option on a new candle:
If an UP arrow appears, you need to purchase the CALL option:
Do not forget that it is not worth trading during the release of economic news, but Martingale applies exclusively to new signals.
According to the results of the tests, the indicator can give 70% profitable signals, and this is not so little, given that from 60 to 80% of trading time the currency market is in a flat state.
You can download the described system at the bottom of the site page.
Read also - Author's profitable strategy Forex VIP Lines
Trading recommendations
Recommended couples: flat;
Timeframe: M5 (5 minutes);
Expiration: 1 candle (or 5 minutes);
Time to trade: any, except for the release of important news;
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Template + indicators
To download the strategy, just share a comment on this article and immediately after that, a link will appear here to download all the necessary files for free.