Forex Scalping Pivot Points Strategy
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.
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
Click here below to download:
August 13, 2019
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