Forex Levels Trend Pivot Points Trading Strategy
Forex Levels Trend Pivot Points Trading Strategy;
Time Frame 30 min or H1
Currency Pairs:any.
Daily Pivot points indicator;
50 exponential moving average (50 EMA);
200 exponential moving average (200 EMA);
MACD indicator (12, 26, 9)
Rules: Pivot Points Levels Trend Trading System
Trades only in trend.
The trend is up if 50 exponential moving average (50 EMA)>200 exponential moving average (200 EMA).
The trend is down if 50 exponential moving average (50 EMA)<200 exponential moving average (200 EMA).
Buy
Trend is up 50EMA >200EMA, the histogram MACD is above of the moving average (red) and the candle close above the Pivot Points Levels indicator. Open long at open next bar.
Sell
Trend is down 50EMA <200EMA, the histogram MACD is below of the moving average (red) and the candle close below the Pivot Points Levels indicator. Open short at open next bar.
Exit position options:
for buy when MACD <0 or with predetermined profit target;
for sell when MACD >0 or with predetermined profit target
Axit also at the next pivot points levels.
Place initial stop loss on the previous swing after 20 pips in gain move stop loss at the levels of entry point.
This Strategy is also good for trading with Binary Options.
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 Levels Trend Pivot Points Trading Strategy?
- Download Forex Levels Trend 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 Levels Trend 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”.
