Forex Auto Pivots Divergence Trading Strategy
Forex Auto Pivots Divergence Trading Strategy;
Currency pairs:any
Indicators:
9SMA;
100SMA;
FX5 Divergence;
Pivot Indicator optional.
The system uses two main indicators to identify major trend’s direction.
First indicator: Simple Moving Average ( 9 SMA and 100 SMA )
How to read this indicator and identify the trend?
9 SMA ( Blue Line ) Above 100 SMA ( Red Line ) = Up Trend
100 SMA ( Red Line ) Above 9 SMA ( Blue Line ) = Down Trend
Second indicator used with this system is FX5 Divergence (OSMA setting Period : 12, 26, 9, )
FX5 Divergence:
Red Bar Below 0 line, After Down Arrow = SELL Signal
Blue Bar Above 0 line, After Up Arrow = BUY Signal
Long Entry
UP Trend Signal 9SMA>100SMA;
FX5 Divergence Buy signal.
Exit Position
- Pivot levels (optinal exit)
- Profit Target 18-25 pips
- Stop loss on the previous swing
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Auto Pivots Divergence Trading Strategy?
- Download Forex Auto Pivots Divergence Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Auto Pivots Divergence Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
