Forex Scalping Pivot Points Strategy
Table of Contents
This is another scalping strategy of pivot points that uses pivot levels.
Forex Indicators :
- Stochastic (10,5,5) with 15 and 85 levels;
- RSI (14) rsx (12) with 20 and 80 levels;
- MACD Divergence (just an addon..not necessary);
- Autopivot V.5 ( daily , weekly , monthly ).
The Pivot points show us the daily range which is likely to be filled within the london and ny session.
FOR BUY ENTRY:
- RSX (5 ) must be below 20 area;
- Schaff Trend Cycle ( 100 area) ;
- Price must be above a daily pivot level;
If we have an additional bullish divergence on the MACD window we have a quiet low risk and easy buy.
FOR SHORT ENTRY:
- RSX (5) must be above 80 area;
- Schaff Trend Cycle ( 0 area).
- Price must be below a daily pivot level;
If we have an additional bearish divergence on the MACD window we have a quiet low risk and easy buy.
Profit targets must be on the next pivot levels.
Stop loss above or below next pivot level +5-7 pips in addition.
Forex Trading Strategies Installation Instructions
Forex Scalping 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.
Forex Scalping 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 Forex Scalping Pivot Points Strategy?
- Download Forex Scalping 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 Forex Scalping Pivot Points Strategy
- You will see Forex Scalping 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: