Midday Reversal seeks turning points that occur around lunchtime when morning trends often exhaust.
Liquidity typically dries up mid-session, leading to reversals as traders square positions.
The system monitors for a shift in momentum near midday and enters in the opposite direction of the morning move.
A percent stop controls risk and exits occur if the reversal fails to develop by the afternoon.
- Entry Criteria: indicator signal
- Long/Short: Both
- Exit Criteria: stop-loss or opposite signal
- Stops: Yes, percent based
- Default Values:
- CandleType = 15 minute
- StopLoss = 2%
- Filters:
- Category: Intraday
- Direction: Both
- Indicators: Price Action
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium