A Leading Forex Indicator for MT4
To help traders seeking turning points in the market:
FOREX REVERSAL INDICATOR
THE FOREX REVERSAL IS A NON REPAINT INDICATOR FOR MT4 PROVIDING BUY AND SELL ARROWS
We designed the Forex Reversal Indicator to help currency traders seek out useful trend reversals and retraces, either before they occur or just as they begin.
For those of you who have been trading for a while, you may very well have tested a variety of methods in order to catch tops and bottoms; often these systems will advise you to follow a certain candlestick pattern based on pure price action, or a piece of technical analysis, such as using Support and Resistance, or Fibonacci retracements. However, with the addition of too many tools, sometimes traders end up with rather cluttered charts which can make things confusing.
Essentially, the aim of our software, is not necessarily to replace what a trader currently uses, but rather to present to the trader, a reversal indicator which offers buy and sell arrows on their currency chart, without the need to over complicate by having lots of different tools and indicators on so many charts.
E.G. HERE IS A TRADE FROM OCTOBER 2018
HOW THE INDICATOR WORKS
Every effort has gone into developing the Forex Reversal indicator, which we hope you will find beneficial. This is due to the combination of a number of classic reversal patterns, in addition to our own proprietary methods. Our stringent algorithm means we've sacrificed the number of alerts, for the sake of accuracy. Consequently, you won't be inundated with lots of false signals every day. Our algorithm means the software will only provide an alert until all the strict conditions are met, thereby giving an average of one signal a week (on the M1 timeframe).
MAIN FEATURES OF OUR INDICATOR
SUPPORTS TRADING ON 28 CURRENCY PAIRS
Every trader knows the saying, "The trend is your friend." To us, that just doesn't suffice, and we expand upon that... so remember "the trend is your friend - until the bend!" The Forex Reversal seeks to jump upon this saying with high precision, for 28 forex pairs. Namely the EURUSD, USDCHF, GBPUSD, USDJPY, EURJPY, EURAUD, CADJPY, NZDUSD, AUDNZD, AUDJPY, NZDJPY, GBPJPY, USDCAD, AUDUSD, EURGBP, EURCHF, GBPCHF, GBPAUD, EURCAD, CHFJPY, AUDCAD, EURNZD, NZDCHF, NZDCAD, AUDCHF, GBPCAD, CADCHF, GBPNZD, for the M1 timeframe.
"GLOBAL" FEATURE : SIGNALS FROM JUST ONE CHART
Isn't it annoying to have to
attach an indicator to every single chart in order
to receive the alerts? Well, that's not a problem
with the Forex Reversal. The new "Global Alerts"
function allows you to receive EVERY alert by just
attaching the indicator to ANY chart! This
essentially means, if for example, you have the
indicator attached to just the USD/JPY chart,
and the Forex Reversal generates a signal on EUR/USD, then your USD/JPY chart will display the
fact that EUR/USD has generated this signal. Then
you can simply switch charts to see the arrow and
trade in action! Bottom line, there's no need to
have 28 or more charts open - 1 chart will
provide you with every alert.
COMBINES CLASSIC AND PROPRIETARY METHODS
In reality, there's no doubt there's great benefit in classic reversal methods and techniques whether it be the harmonics, (gartley / butterfly), or other wave theories like Elliot, Wolf and Hurst Cycles, or Andrew's Pitchfork, or trend line bounces, using support and resistance, double tops & bottoms, plus Fibonacci retracements / projections, not to mention using overbought / oversold Stochastic, CCI, RSI and many many more indicators! As you can imagine, things can get rather complicated. Often a lot of discretion is involved, whatever type of trading you're involved in, e.g. short term scalping or day trading, or longer term swing trading and position trading.
Remember, the majority of trading methods out there exist to assist in such an endeavour, for example, divergences, harmonics pattern recognitions, volume spread analysis, the good old moving average, MACD, etc... The truth is, many of these have time tested concepts, hence it would be a folly to totally ignore them. In fact, an amalgamation of techniques is essentially what determines whether one has the threshold of confidence to enter a trade in the opposite direction, and it this that we had in mind when developing the Forex Reversal Indicator, i.e. amalgamating a number of reversal patterns into a complete custom package, with the aim of assisting traders in detecting reversals, pullbacks and retracements.
PROVIDES EMAIL ALERTS AND PUSH NOTIFICATIONS
A lot of traders had expressed in earlier versions that they really wanted an integrated auto alert feature, whereby you are instantly alerted when a signal has been generated (e.g. if you're away from your MT4 platform / computer). Well, this has now been implemented into the Forex Reversal. So, you can be alerted via two ways: firstly via email, and secondly via "push notifications", which basically means if you have a smartphone such as an iPhone or an Android, the Forex Reversal will inform you of any trades, virtually immediately. No longer do you have to sit and stare at charts all day.
SIGNALS DO NOT REPAINT NOR DO THEY LAG
One major point needs to be addressed - the issue of repainting, since this can really cause problems for traders if indeed there is repainting. Hence, let us be absolutely clear, the buy and sell arrows that our indicator produces do not repaint, whatsoever. If you're not aware of what repainting is, it's a problem that quite a few arrow based MT4 indicators possess; specifically once a buy or sell signal is produced, the actual arrow may change location or completely disappear, which quite frankly makes it very tough to manually backtest and scroll through the charts, for example, to apply one's own technical analysis. So let us be extremely clear here - the arrows produced by the Forex Reversal Indicator do not repaint. Meaning, that once the indicator gives an arrow, then that arrow will always remain there.
In addition, the signals do not lag - they appear at the close of the candle / opening of new candle. Some indicators will actually display arrows 20 or 30 bars after the signal was meant to be entered, which defeats the purpose of trading that currency pair for which it was given. You can be assured that the Forex Reversal indicator has none of these issues.
SCREENSHOTS OF ACTUAL SIGNALS
NO REDRAWING NOR LAGGING
"FREQUENTLY ASKED QUESTIONS"
Will Forex Reversal work on my broker?
Absolutely, as long as you're running the Metatrader 4 Platform.
Can I receive alerts on my iPhone or Android smartphone?
Indeed! The Forex Reversal supports Push Notifications to Google Android and Apple iOS based devices, including the iPhone, iPod Touch, and iPad tablet.
How many signals will I get with the Forex Reversal?
The indicator will usually generate an average of one signal per week, on the M1 timeframe (in total, across 28 currency pairs). Whilst this might not seem like a lot, and whilst we can't guarantee the frequency of trades or when they'll appear, it's important to note that it is the quality of the signals that's the most important factor. (Some weeks might give more signals, other weeks might not give any). There are already lots of other indicators out there offering dozens of arrows a day, but they just end up with a lot of false signals. With the very strict criteria implemented into Forex Reversal, it means you receive extremely high probability alerts which is actually what is essential. Note that the signals can occur at any time. Patience is required, and this will be rewarded with powerful signals, to which you can apply your own technical analysis.
What is the success rate of the indicator?
Whilst it's hard to put an exact figure on this, the Forex Reversal is to our knowledge, the best MT4 forex indicator out there for reversals, (no matter whether comparing it with free or for sale premium / custom indicators), providing the trader with entries which we believe no other arrow based indicator for Metatrader 4 can match. The entries have been of consistent high quality, thereby allowing the trader to apply the exit method of their personal choice. Note however, we wouldn't recommend trading our indicator with news releases. Note - this is an indicator, not an EA or automated robot.
I have lots of different brokers, can I use this on all of them?
Your Forex Reversal license will work on ANY MT4 broker account of your choosing, (whether it be FXCM, Alpari, FXDD, MB Trading, Oanda, FXPro, FXOpen, etc...). Additionally, if you wish to change broker / account number, you can do so at any time, not a problem. We do suggest that you use an ECN broker, over using a dealing desk broker, due to a number of reasons, such as low spreads & commissions, speed of execution, and better support.
Exactly which currency pairs does the Forex Reversal support?
Specifically: EURUSD, USDCHF, GBPUSD, USDJPY, EURJPY, EURAUD, CADJPY, NZDUSD, AUDNZD, AUDJPY, NZDJPY, GBPJPY, USDCAD, AUDUSD, EURGBP, EURCHF, GBPCHF, GBPAUD, EURCAD, CHFJPY, AUDCAD, EURNZD, NZDCHF, NZDCAD, AUDCHF, GBPCAD, CADCHF, GBPNZD. The indicator only works for Forex trading, with forex brokers running MT4. It's not designed for anything else, such as commodities, stock or shares, or binary options (the latter is purely gambling anyway).
Do you have a refund policy?
As mentioned above, the software focuses on quality of signals, (rather than quantity), thus we're very confident that the Forex Reversal is world's greatest arrow based reversal indicator for MT4. However, if, after 6 months of testing, you don't agree with us, and that there is a more accurate buy/sell arrow based reversal indicator out there for MT4 (on M1 timeframe), without repainting and lagging, then please show this to us, and we'll happily refund your money, thereby de-activating your Forex Reversal License (as long as you claim within a year's time).
How about future updates to the software?
Any updates / bug fixes to the software in the future shall be absolutely free to all our customers. Once our software is upgraded, you shall be notified within the application itself, with a link to the new update. It is imperative that you upgrade, since previous versions are not supported.
If you have any query regarding the indicator, please don't hesitate to contact us:
support [at] forexreversal.com
MORE EXAMPLES OF FOREX REVERSAL
AGAIN - ARROWS NEVER REPAINT NOR REDRAW
LICENSE DETAILS: Each license is for one broker account. You can of course change brokers / account number, whenever you wish, simply let us know. Years of hard work have gone into producing what we believe is the best arrow based forex indicator, which we are making available to the public for the first time; please don't jeopardize this for the rest by engaging in any cracking activities. Your copy of the software shall be emailed to you within a few hours after purchase, along with installation and registration instructions.
SYSTEM REQUIREMENTS: The Forex Reversal is designed for Microsoft Windows platforms (XP, Vista, 7, 8, 10) and the Metatrader 4 charting package. It is preferable to have a dual core computer with at least 2GB of RAM. NOTE: Forex trading is difficult, and we make no claims that you'll become profitable by using the Forex Reversal. It is a tool, use it as such. Past results are not a proof of future results. Note that the indicator is designed only for the M1 timeframe. We also advise traders to demo our software for the first few months.
SUPPORT: If you have any questions, please don't hesitate to ask: firstname.lastname@example.org. We aim to respond within 1 business day.
REFUND POLICY T&C: We believe the Forex Reversal is the best reversal indicator out there for the M1 timeframe. Frequency of trades depends on market conditions, but on average there is around 4 trades per month, based upon our testing over a period of over 36 months (although we can't guarantee the frequency/timing of trades of course). However, the accuracy has been consistent, and thus, if, after forward testing the Forex Reversal for at least six months (whether on demo or on live), you believe it doesn't match these claims across the 28 specified currency pairs, please provide us with a more accurate arrow based reversal indicator for MT4, on the M1 timeframe, and we will honour a complete refund, as long as you claim within a year's time. Whilst six months may seem like a long time to test, it's imperative, because the indicator does not produce many signals, so it will naturally take a longer time to be in a position to pass judgement.
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