Trend Forex Pivot Points Strategy
This system works on 30 minute or 1 hour timeframe and applicable to any currency pairs.
Daily Pivot points indicator;
50 exponential moving average (50 EMA);
200 exponential moving average (200 EMA);
MACD indicator (12, 26, 9)
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.
Trend is up.
The histogram MACD is above of the moving average (red) and the candle close above the Pivot Points
Open long at open next bar.
Trend is down.
The histogram MACD is below of the moving average (red) and the candle close below the Pivot Points
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:
August 13, 2019
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