Pivots average system | Forex indicator download- MT4/MT5 resources

The system is very simple to use and with very large moves available early on, it's very easy to rack up huge points.

One thing is that it also brings some false outs, especially at lower tf, if anyone can help me reduce the false outs I would be very grateful.

I have attached an indicator that plots the moving average of the last 3 pivots on the chart.

Download the Pivot indicator and place it in the indicators folder.

Open any chart and place the indicator.

When the bullish candle opens and closes above the indicator, buy 2 pips (for m15 or lower, increase for higher tf) + spread above the bullish candle. For sale opposite. Do not add a spread to sell.

Stop loss is above/below the last high/low.

TP: Nothing or anything you feel comfortable with, exit when the trend loses momentum.

This system is an early trend catcher and can be used for sideways market buy trades moving into smaller tf's.

Can be used for swing trading on h1, h4, daily or longer.

Can be used for day trading from M15 to h4.

Can be used on scalps m1 to m15.

This is a chart showing the last possible trades of the day.


On Friday's chart, the scalp trade setup in M5 was likely to go over 180 pips in just 3 trades, and there were two other trades that I didn't mark. If these are added, the maximum profit may exceed 250 pips.


So please let me know what you think and any ideas for improvements.