Forex market is volatile and traders can trade it. It can move all over the place, without any regard for your trading position. It moves erratically across the price chart, seemingly with no direction. It is sometimes called a "Random Walk", a reference to a drunken man whose steps are impossible to predict.

Forex traders must make sense of what appears to be a "Random Walk" in order to make money from the market. With a high degree of certainty, traders should be able to predict what the market will do next. Although traders will never be 100% sure of a trade's outcome, they can tilt probabilities in their favor.

Trades with the Trend Sniper Forex Trading Strategy allow traders to have a positive expectation of their trades. Market bias and trend can be measured with a reliable indicator. Exact entry points can also be identified by a combination of a custom indicator and knowledge about high probability candlestick patterns.

Binary Trend Sniper

Binary Trend Sniper, a technical indicator that helps traders spot market biases, is available as a custom tool.

It uses historical price movements to calculate market sentiment and the general trend direction. The trend direction is indicated by bars. Maroon bars indicate bearish markets, while green bars indicate bullish markets.

This indicator can be used for binary trading, but it also works well in forex trading. This indicator is binary as the market bias can only be identified as bullish/bearish. It doesn't provide dynamic figures or measure strength.

BB Alert Arrows

BB Alert Arrows are a custom signal indicator that indicates possible reversal points.

The BB Alert Arrows signals use fractals. Major fractal points are usually a swing point. This could be either a swing high, or swing low. These signals could be used to indicate that the price may reverse in the short-term.

The BB Alert Arrows indicator will also consider price rejections based upon extreme points of Bollinger Bands. It usually produces signals for fractals occurring in the outer bands or midline of the Bollinger Bands.

Bollinger Bands

Bollinger Bands are often used as a trend or momentum indicator. This indicator can be used in many other ways that could prove to be extremely profitable.

Its midline is essentially a Simple Moving Average line (SMA), usually set at 20-periods. This line can be used to determine trend direction, as it is similar to a moving average line.

There are also outer lines and bands that are calculated based on a standard deviation of the midline. It is usually set at one or two standard deviations below the SMA line. This line can indicate overbought and oversold price points.

It is possible to use the characteristics of these bands to determine momentum. A Bollinger Band that is constrained indicates that the market is experiencing market contraction, while an expanding Bollinger Band signifies market expansion and greater volatility.

Trading Strategy

This strategy uses all information from the three indicators to identify high-probability entry signals. Trade signals can also be filtered using candlestick patterns.

The Binary Trend Sniper indicator indicates market bias and is used to filter trade direction.

Then, we wait for the Bollinger Bands' price to reach critical areas and watch how it reacts. These are either the middle or outer bands of the Bollinger Bands. The market tends not to trend at the midline, so it is rarely considered.

The BB Alert Arrows indicator will then produce a signal. We plot an arrow pointing in the direction of trade. The trade signal should be accompanied by either an engulfing or pin bar pattern.

Indicators:

• BBalert_Arrows (default setting)
• Bollinger Bands
  • Deviations: 2
• BinaryTrendSniper - default setting

Prefer Time Frames: 30-minutes, 1-hour, 4 hours and daily charts

Currency pairs: major, minor pairs

Forex Sessions: Tokyo sessions.

Trade Setup

Entry

• Binary Trend Sniper bars need to be green.
• Price rejection should be evident at the Bollinger Bands' lower or midline.
• The BB Alert Arrows indicator should show an arrow pointing upward.
• Trade signals should be synchronized with either an engulfing or bullish pin bar.
• On confirmation of these conditions, place a purchase order

Stop Loss

• Place the stop loss for the fractal under the entry candle.

Exit

• When the BB Alert Arrows indicator points down, close the trade.

Setup for Trades

Entry

• Binary Trend Sniper bars need to be maroon.
• Price rejection should be evident at the upper or midline of Bollinger Bands.
• The BB Alert Arrows indicator should show an arrow pointing downward.
• Trade signals should be synchronized with either an engulfing or bearish pin bar.
• On confirmation of these conditions, place a sale order

Stop Loss

• Place the stop loss on fractals above the entry candle.

Exit

• When the BB Alert Arrows indicator points up another arrow, close the trade.

Conclusion

This strategy can be used in all market conditions and is high-probability. This strategy works best in a market that is slowly trending and has a clear bias.

Many traders trade solely on the rejection patterns of Bollinger Bands and have made good profits. This strategy filters trades based only on market bias and provides an exact entry signal.

Traders might opt to lock profits when price touches the Bollinger Bands' outer lines. However, this could limit potential yields as there are times when momentum could build up. Price would then tend to follow the outer bands until momentum ebbs. Both options work. The trader can choose which method works best for them.

Forex Trading Strategy Installation Instructions

Trend Sniper Reversal Forex Trading Strategy combines Metatrader 4 (MT4) indicators and a template.

This forex strategy aims to transform historical data and trading signals.

Trend Sniper Reversal Forex trading strategy allows you to spot patterns and peculiarities in price dynamics that are not visible to the naked eye.

This information allows traders to assume additional price movements and adjust their strategy accordingly.

Forex Metatrader 4 Trading Platform

• Support available 24/7 by an international broker.
• Over 12,000 assets, including Stocks, Indices, Forex.
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• Start depositing now to get a bonus of up to $50,000
• Demo accounts are available to test trading strategies.

Step-by-Step RoboForex Trading Account Open Guide

How do you install Trend Sniper Forex Trading Strategy?

• Trend Sniper Reversal Forex Strategy Download.zip
• *Copy the mq4 & ex4 files to your Metatrader Directory/experts /indicators /
• Copy the tpl (Template) file to your Metatrader Directory/ templates
• Your Metatrader client can be started or stopped.
• Choose the Chart and Timeframe in which you would like to test your forex strategy
• Right-click on your trading chart, hover over "Template",
• You can now choose Trend Sniper Reversal Forex Trading Strategies
• Your Chart will show you that Trend Sniper Forex Trading Strategy is available

*Note that not all forex strategies include mq4/ex4 files. Some templates can be integrated with the MT4 indicators from the MetaTrader Platform.

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