Pip Swing Forex Pivot Point Strategy

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Pip Swing Forex Pivot Point Strategy

This strategy works on higher timeframe such as daily and Weekly Chart.

Forex Indicators:

  • Moving Average 13, 26 and 52.
  • MACD (12,26,9)
  • Stochastic 5,3,3.

For Daily:

  • Moving Average 10, 49, 89 and 144.
  • Pips weekly pivot and GRBB indicator.

Long Entry:

  • Both the weekly and daily chart must indicate the same major up trend.
  • The current pips weekly pivot must act as a support.
  • The GBRR indicator must indicate a bullish (tick green) momentum.
  • Enter on the third GRBB bullish bar by using the previous day’s high as the price for a buy stop order.
  • During the first week of the trade, the recommended stop loss is placed atr 50-890 pips below the )price, while the initial target profit is 500 pips above the entry price. (For GBP/USD and EUR/JPY, the initial target profit is 500 pips.)
  • The stop los and the protective stop orders are remain there until the beginning of the second week.

Short Entry:

  • Both the weekly and daily chart must indicate the same major down trend.
  • The current pips weekly pivot must act as a resistance.
  • The GBRR indicator must indicate a bearish momentum.
  • Enter on the third GRBB bearish bar by using the previous day’s low as the price for a buy stop order.
  • During the first week of the trade, the recommended stop loss is placed atr 50-890 pips abowe the price, while the initial target profit is 500 pips above the entry price. (For GBP/USD and EUR/JPY, the initial target profit is 500 pips.)
  • The stop loss and the protective stop orders are remain there until the beginning of the second week.


Forex Trading Strategies Installation Instructions

Pip Swing Forex Pivot Point 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.

Pip Swing Forex Pivot Point 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 Pip Swing Forex Pivot Point Strategy?

  • Download Pip Swing Forex Pivot Point 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 Pip Swing Forex Pivot Point Strategy
  • You will see Pip Swing Forex Pivot Point 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.

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