Fox Forex Pivot Points Strategy
Table of Contents
This is an intraday trading system and it is based on the fast movement on the pivot dynamic levels (Fox Pivot Indicator).
This works best on a 1 hour timeframe and applicable to major currency pairs and indices.
- yellow line ( pivot level)
- 1° blue line r1 (resistance level)
- 2° blue line r2
- 3° blue line r3
- 1° red line s1 (support level)
- 2° blue line s2
- 3° blue line s3
- Place 1 pending 2 pips above r1 (target r2 or 18 pips stop loss pivot line yellow).
- Place 1 pending order 2 pips above r2 (target r3 or 18 pips stop loss s1).
- Place 1 pending 2 pips below s1 (target s2 or 18 pips stop loss pivot line yellow).
- Place a pending order 2 pips below s2 (target s3 or 18 pips stop loss s1).
Rules for Reversal Entry:
- Wait for the price retraces from area r2 and r1.
- Place a pending sell order on the pivot line (target s1 or 18 pips stop loss r1).
- Wait for the price retraces from area s2 and s1.
- Place a pending buy order on the pivot line (target r1 or 18 pips stop loss s1).
Forex Trading Strategies Installation Instructions
Fox Forex Pivot Points Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Fox Forex Pivot Points Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install Fox Forex Pivot Points Strategy?
- Download Fox Forex Pivot Points 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
- Right click on your trading chart and hover on “Template”
- Move right to select Fox Forex Pivot Points Strategy
- You will see Fox Forex Pivot Points Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: