This indicator for MT4 is the latest ultra version of the REX family.

Perfect for beginners and intermediates.

The strategy is based on a mix of different strategies, statistics, including pivot points, oscillators and patterns. It is an independent strategy that is not based on any custom strategy online.

REXultra has a lot more trading signals than the pro version. The accuracy is higher.

The most important indicators are Momentum and Williams Percent Range, it is clear that the fundamental indicators have being used with different parameters.

An integrated trend reversal function allows it to combine the arrow with the trend indicator. It is also possible to combine it with ZigZag or Elliot waves indicator.

Ideally you combine both REX indicators to get the maximum of opportunities!

The main goal was to keep it as simple as possible!

Important

• period - the number of bars you can backtest the strategy is only limited to your data history
• TF - the higher the timeframe, less actions you will get but the pips will be much higher. It is recommend to use it on M1 first to get used to this strategy.
• You can use REX on the following TFs:
• M1
• M5
• M15
• M30
• Assets - We recommend to use the indicator on the majors. Be careful trading low volume assets.
• Trading hours - Avoid news and market closure / opening.

The trend ( and REX ) is your friend.

These are the rules to enter a trade

CALL:

• Check the trend. Only trade with the trend
• Take care of SUPP/RES zones and trendlines
• Take a trade on the next candle once the arrow appears ( BO M1: 5-15 min CALL option )

PUT:

• Check the trend. Only trade with the trend
• Take care of SUPP/RES zones and trendlines
• Take a trade on the next candle once the arrow appears ( BO M1: 5-15 min PUT option )

Take a look at the trading examples and follow the simple rules. That's it!