Forex Fox Pivot Points Trading Strategy
Forex Fox Pivot Points Trading Strategy;
Fox Pivot is an intraday trading system, based on the fast movement on the pivot dynamic levels (Fox Pivot Indicator)
Time Frame H1
Markets: (Forex Major, Indicies).
Fox Pivot indicator:
yellow line ( pivot level)
1° blue line r1 (resistance level)
2° blue line r2
3° blue line r3
1° red line s1 (support level)
2° blue line s2
3° blue line s3
Rules for Fox pivot trading System
place 1 pending 2 pips above r1 (target r2 or 18 pips stop loss pivot line yellow).
place 1 pending order 2 pips above r2 (target r3 or 18 pips stop loss s1).
place 1 pending 2 pips below s1 (target s2 or 18 pips stop loss pivot line yellow).
place a pending order 2 pips below s2 (target s3 or 18 pips stop loss s1).
When the price retraces from area r2 and r1 place a pendig sell order on the pivot line (target s1 or 18 pips stop loss r1).
When the price retraces from area s2 and s1 place a pending buy order on the pivot line (target r1 or 18 pips stop loss s1).
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 Fox Pivot Points Trading Strategy?
- Download Forex Fox 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 Fox 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”.