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:



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