Forex Pivot Points Trend Following Strategy
Forex Pivot Points Trend Following Strategy:
Pivot Points Trend Strategy is a trend momentum strategy with the trading system. The purpose of this strategy is to hit the pivot points. This strategy on apply in the same time at more charts at the find the best entries.
Time Frame 30 min or 60 min.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, USD/CAD, more Indicies (S&P 500, Dow 30, Dax), and Gold.
Metatrader Indicators:
Pivot Points Daily,
MACD (12, 26, 9).
Exponential moving average 50, period.
Pivot Points Trend Strategy
Buy
Price above EMA 50
MACD Histogram above zero.
When the price broken the pivot levels from downward place a buy order.
Place initial stop loss on the previous low swing.
Make profit on the pivot levels.
Sell
Price below EMA 50
MACD Histogram below zero.
When the price broken the pivot levels from upward place a sell order.
Place initial stop loss on the previous high swing.
Make profit on the pivot levels.
Max two Pivot Points Levels as obietive in the same direction. I prefer only one because I have 4-5 charts open. This is a intraday winning strategy
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 Pivot Points Trend Following Strategy?
- Download Forex Pivot Points Trend Following 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 Pivot Points Trend Following 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”.
