Pivot Strategy | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
So I came across this pivot trading strategy a week ago, backtested it and it seemed insanely legit and a source of great ideas so I thought I'd share it here and maybe we can improve it together to make it less confusing but more efficient! Long live!
No pranks allowed, we are here to improve the strategy, the charts will be less cluttered, but more effective!
Welcome EA builders. Thanks
Trading rules!
Buy
When the price reaches the support levels 61, 78, 100, check the following conditions if it is above the 15 level and the Abha fx line is close or below the lower line.
If so, the previously entered condition waits for the TDI i green line to cross upwards through the red line.
Place your initial stop loss below the previous swing low. The profit target is at the next pivot level or the stop loss ratio is 1:1.2.
sell
When the price reaches the resistance levels 61, 78, 100, check the following conditions if it is above the 15 level and the Abha fx line is close to or above the upper line.
If so, the previously entered condition waits for the TDI i green line to cross downward through the red line.
Set your initial stop loss above the previous swing high. The profit target is at the next pivot level or the stop loss ratio is 1:1.2.
This is a successful trading system.
Attach indicators
No pranks allowed, we are here to improve the strategy, the charts will be less cluttered, but more effective!
Welcome EA builders. Thanks
Trading rules!
Buy
When the price reaches the support levels 61, 78, 100, check the following conditions if it is above the 15 level and the Abha fx line is close or below the lower line.
If so, the previously entered condition waits for the TDI i green line to cross upwards through the red line.
Place your initial stop loss below the previous swing low. The profit target is at the next pivot level or the stop loss ratio is 1:1.2.
sell
When the price reaches the resistance levels 61, 78, 100, check the following conditions if it is above the 15 level and the Abha fx line is close to or above the upper line.
If so, the previously entered condition waits for the TDI i green line to cross downward through the red line.
Set your initial stop loss above the previous swing high. The profit target is at the next pivot level or the stop loss ratio is 1:1.2.
This is a successful trading system.
Attach indicators
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