Here at ForexReversal.com, we specifically designed something 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 the foreign exchange markets 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 is: not necessarily to replace what a trader currently uses, but rather to present to the trader, a tool which offers buy and sell arrows on their currency chart, to seek out trend changes, without the need to over complicate by having lots of different tools and indicators on so many charts.

EXAMPLE OF A RECENT TRADE SETUP

STRICT TECHNICAL ANALYSIS ALGO

A huge amount of time and effort has gone into developing our currency trading software, resulting in what we present before you. This is due to the combination of a number of classic trend exhaustion 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 that it 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 THE FX 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!" Essentially, we seek 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 ours. The new "Global Alerts" function allows you to receive EVERY alert by just attaching the indicator to ANY chart! This essentially means, for example, lets say you have it attached to just the USD/JPY chart, then if a signal is generated on EUR/USD, it means your USD/JPY chart will alert you to the fact that EUR/USD has generated this signal. Then you can simply switch charts to see the actual arrow and trade in action! Bottom line, there's no need to have 28 or more charts open to receive alerts - 1 chart will provide you with every alert.





COMBINES CLASSIC & PROPRIETARY TRADE PATTERNS

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 more! 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 our product, i.e. amalgamating a number ideas into a complete custom package, with the aim of assisting traders in detecting trend changes, 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 our currency trading tool. 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, you will be informed 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 produced 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 that you'll get on your chart will not repaint. Meaning, that once an arrow appears, 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 others softwares 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 ours has none of these problems or issues.