Trend Forex Pivot Points Strategy







This system works on 30 minute or 1 hour timeframe and applicable to any currency pairs.

Forex Indicators:

  • Daily Pivot points indicator;
  • 50 exponential moving average (50 EMA);
  • 200 exponential moving average (200 EMA);
  • MACD indicator (12, 26, 9)

Rules:

  • Trades only in trend.
  • If EMA 50 is greater than EMA 200, then the trend in going upward.
  • If EMA 50 is less than EMA 200, then the trend is going downward.

BUY ENTRY:

  • Trend is up.
  • The histogram MACD is above of the moving average (red) and the candle close above the Pivot Points
  • Levels indicator.
  • Open long at open next bar.

SELL ENTRY:

  • Trend is down.
  • The histogram MACD is below of the moving average (red) and the candle close below the Pivot Points
  • Levels indicator.
  • Open short at open next bar.

Exit position options:

  • for buy when MACD is less than 0 or with predetermined profit target;
  • for sell when MACD is greater than 0 or with predetermined profit target
  • Exit also at the next pivot points levels.
  • Place initial stop loss on the previous swing after 20 pips in gain move stop loss at the levels of entry point.

How to install Trend Forex Pivot Points Strategy?


  • Download Trend Forex 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 Trend Forex Pivot Points Strategy
  • You will see Trend Forex Pivot Points Strategy is available on your Chart

Click here below to download:



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