Forex Technique Pivot Points Trading Strategy
Forex Technique Pivot Points Trading Strategy;
Time Frame 15 min, 30min, 60min.
Currency pairs:any.
Indicators:
Pivot Points levels
Fibonacci Support and Resistance
1. The price is below the Pivot but above S1.
In this scenario, you should buy the above Pivot (If price reaches above Pivot) and sell below S1(if the prcies goes below S1).
2. The price is above Pivot but below R1.
In this scenario, you should buy above R1 (if the price reaches above R1) and sell below Pivot(if the price goes below Pivot).
3. The price is very near to pivot (+/- 0.02%)
In this scenario, you should buy above R1 (if the price reaches above R1) and sell below S1(if the price reaches below S1).
4. The price is between R1 and R2.
In this scenario, you should buy above R2 (if the price reaches above R2) and sell below Pivot(if the price reaches below Pivot). the important here is not to sell below R1. You must sell belowPivot.
5. The price is between S1 and S2.
In this scenario, you should buy above Pivot (if the price reaches above Pivot) and sell below S2(if the price reaches below S2). The important here is not to buy above S1, buy only above pivot.
6. The price is between S2 and S3.
Same rule applies as rule 5. Buy above pivot sell below S3.
7. The price is between R2 and R3.
Same rule applies as rule 4. Buy above R3 sell below Pivot
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 Technique Pivot Points Trading Strategy?
- Download Forex Technique 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 Technique 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”.
