System Forex Pivot Point Strategy
Table of Contents
This pivot strategy uses 5 minute timeframe and is applicable to major pairs.
- Pivot Points
- The currency price must trade in the vicinity of the oversold S1 or S2 support level.
- Price isn’t able to close below S1 or S2 (otherwise skip the trade).
- Wait for the price to be bullish in the vicinity of S1 or S2.
- Now go long according to the bullish pattern’s trading rules and place stop accordingly.
- Target Profit five pips before the Pivot level.
- The currency price must trade in the vicinity of the overbought R1 or R2 resistance level.
- The price isn’t able to close above R1 or R2 (otherwise skip the trade).
- Wait for the price to be bearish in the vicinity of R1 or R2.
- Go short according to the bearish pattern’s trading rules and place stop accordingly.
Forex Trading Strategies Installation Instructions
System 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.
System 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 System Forex Pivot Point Strategy?
- Download System 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 System Forex Pivot Point Strategy
- You will see System 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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