Trading Forex Pivot Points Strategy

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Trading Forex Pivot Points Strategy

This system uses a 15 min, 30min and 1 hour. This is applicable to all currency pairs.

Forex Indicators:

  • Pivot Points levels
  • Fibonacci Support and Resistance

SCENARIOS:

The price is below the Pivot but above S1.

  • Buy above the pivot, (if price reaches above pivot)
  • Sell below S1(if the prcies goes below S1).

The price is above Pivot but below R1.

  • Buy above R1 (if the price reaches above R1).
  • Sell below Pivot(if the price goes below Pivot).

The price is very near to pivot (+/- 0.02%)

  • Buy above R1 (if the price reaches above R1).
  • Sell below S1(if the price reaches below S1).

The price is between R1 and R2.

  • Buy above R2 (if the price reaches above R2).
  • Sell below Pivot(if the price reaches below Pivot). Take note, do not sell below R1. You must sell below Pivot.

The price is between S1 and S2.

  • Buy above Pivot (if the price reaches above Pivot).
  • Sell below S2(if the price reaches below S2). Take note, do not buy above S1, buy only above pivot.

The price is between S2 and S3.

  • Same rule applies as rule 5. Buy above pivot sell below S3.

The price is between R2 and R3.

  • Same rule applies as rule 4. Buy above R3 sell below Pivot.


Forex Trading Strategies Installation Instructions

Trading 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.

Trading 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 Trading Forex Pivot Points Strategy?

  • Download Trading 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 onTemplate
  • Move right to select Trading Forex Pivot Points Strategy
  • You will see Trading 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:

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