Forex Mean Reversion
Forex Mean Reversion is a variation of the channel indicator that, when used correctly, can be used as in the intraday trading, and in the long term trade. Forex Mean Reversion suitable for any currency pair, but the best results can be achieved when trading on major currency pairs.
Characteristics of Forex Mean Reversion Indicator
Platform: Metatrader4
Currency pairs: Any, recommended majors
Trading Time: Any, recommended M5 or higher
Timeframe: Any
Recommended broker: Roboforex, XM, Forex4you
The essence of trade by indicator Forex Mean Reversion lies in its name. Price, reaching the upper channel line or lower channel line, always eager to return to the middle of channel. This pattern, we will use to trade on indicator Forex Mean Reversion.
Open a Long position when the price reached the bottom (green) border of the channel. Exit when the price returns to the middle of the channel (yellow line).
Open a Short position when the price reached the upper (red) border of the channel. Exit when the price returns to the middle of the channel (yellow line).
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