Forex Camarilla Exchange Pivot Points Trading Strategy
Forex Camarilla Exchange Pivot Points Trading Strategy:
This is an Intraday trading system based on the Camarilla exchange indicator.
Look at the opening price of currency pair, stocks, indicies, commodities, futures and cfd.
Time Frame 30 min and 60 min.
There three scenario.
long entry
Open price is between open buy-2 and open buy-3 levels.
Wait for the price to go below open buy-3 and then when it moves back above open buy -3 , buy entry. Stoploss is 15 pips below openn buy-3 level. Target open buy-2 level.
short entry
Open price is between open sell-2 and open sell-3 levels.
Wait for the price to go above open sell-3 and then when it moves back below open sell -3 , sell entry. Stoploss is 15 pips above open sell-3 level. Target open sell-2 level.
Open price is outside the open buy- 3 and open sell-3.
Wait for the prices to come in range.
Long entry when the price is above open buy-3 level.
Short entry when the price is below open sell-3 level.
The Stop loss and the profit target are, as the previous scenario.
Scenario 3
Open price is between open sell-2 and open buy-2 levels.
Wait for the prices breaks the range .
Buy:
- Wait for the price to go below open buy-2 and then when it moves back above open buy -2 , buy entry.
- Wait for the price to go below open buy-3 and then when it moves back above open buy -3 , buy entry.
Sell
- Wait for the price to go above open sell-2 and then when it moves back above open sell -2 , buy entry.
- Wait for the price to go above open Sell-3 and then when it moves back above open sell -3 , buy entry.The Stop loss is 15 pips above or below the level. Profit Target is the next level.
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 Camarilla Exchange Pivot Points Trading Strategy?
- Download Forex Camarilla Exchange Pivot Points 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 Camarilla Exchange Pivot Points 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”.
