Watch the testing video here:
10 Minute Trader Forex Countertrend Strategy
Trading in the currency market can be a fairly difficult task depending on the strategy that you deploy in generating profits.
It becomes even more strenuous when considering the amount of time needed to set things up, as well as the ever present complex indicators.
However, the 10 Minute Trader Forex Countertrend strategy is a pretty modest strategy that only requires you to use three indicators.
The 10 Minute Trader Forex strategy scans for a countertrend reversal trade but will only take a chance on it when momentum supports the reversal.
Exploring the examples below will allows us understand these momentum-based reversal moves.
MetaTrader4 Indicators: 10-minute-trader.ex4 (Default Setting), ahoora-indicator.ex4 (Default Setting), cci-histograms.ex4 (Default Setting)
Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week
Recommended Trading Sessions: Any
Currency Pairs: Any pair
Share this on: