Steps:
- Wait for a candle close above the Mean Reversion line
- Enter the trade at or near to the Mean Reversion line
- Close trade when:
a) The dynamic stop loss level is hit or
b) There is a candle close below the Mean Reversion lineNotes – Generally, most effective on longer time frames (1 day works well)
– You can turn on/off the dynamic stops in the settings
Disclaimer: Nothing within this article should be misconstrued as financial advice. The financial techniques described herein are for educational purposes only. Any financial positions you take on the market are at your own risk and own reward. If you need financial advice or further advice in general, it is recommended that you identify a relevantly qualified individual in your Jurisdiction who can advise you accordingly.
