Forex Stochastic Cross Alert Pivot Points Trading Strategy
Forex Stochastic Cross Alert Pivot Points Trading Strategy;
This Trading System is a reversal forex strategy based on pivot points levels indicator and stochastic cross alert.
The rules for this forex strategy are very simple above pivot central line only sell, below pivot central line only buy.
Wait a buy arrow below pivot point levels (green line).
Wait a sell arrow above pivot point levels (green line).
Open Max three positions in the same direction.
Exit at the opposite stochastic cross alert or at the pivot points levels.
Stop loss 3 pips below or above at the previous pivot line or 20-25 pips.
This forex strategy is not for beginners but for experienced traders.
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 Stochastic Cross Alert Pivot Points Trading Strategy?
- Download Forex Forex Stochastic Cross Alert 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 Stochastic Cross Alert 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”.