Forex JMO Pivot Scalping Strategy
Forex JMO Pivot Scalping Strategy:
This stategy is based on the price action. JMO is setting very fast.
Time Frame 15 min.
Currency pairs majors.
Pivot Levels Scalping Metatrader indicators:
LC-Pivot,
Jmo V.5 (3). overbought >85; oversold<15.
Sell
- wait that the price touches the pivot levels
- wait that jmo is in overbought zone >85 level.
Buy
- wait that the price touches the pivot levels
- wait that jmo is in oversol zone <15 level .
Exit position;
1) On the next pivot levels.
2) Profit Target 7 pips AUD/USD, 8 pips, EUR/USD, GBP /USD 10 pips, USD/CHF 8 pips. (recommended because the profitability is higher).
Stop loss Ratio 0.8 Profit Target.
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 JMO Pivot Scalping Strategy?
- Download Forex JMO Pivot Scalping 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 JMO Pivot Scalping 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”.
