Level Reversal Forex Pivot Points Strategy
Table of Contents
This system works on a 4 hour and daily timeframe. Applicable pairs to this strategy are: AU, EU, UC, UJ, UCHF, NU, GU,
AC, CJ, GJ, EJ, GA, EG, ACHF and GC.
- Pivot points Levels,
- JMO indicator.
- The price must break a support Pivot Point level
- Wait that JMO indicator come back up from overbought area and crosses upward.
- The price must break a resistant Pivot point level.
- Wait that jmo indicator come back down from oversold area and crosses downward.
Place your stop loss 10 pips above or below the previous swing.
- First target is 20 pips.
- Second target is 50 pips.
And you can look to close above 50 pips if you see fit.
Profit Target also on the Pivot points levels or Fibonacci levels.
Forex Trading Strategies Installation Instructions
Level Reversal 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.
Level Reversal 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 Level Reversal Forex Pivot Points Strategy?
- Download Level Reversal 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 Level Reversal Forex Pivot Points Strategy
- You will see Level Reversal 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: