Pivots Strategy Trading System
Intraday Pivots Strategy Trading System using pivot levels (pivot points).
Input parameters
- Currency pairs: any.
- Timeframe: M5, M15, M30, H
- Bidding time: London, New York.
- Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.
Used indicators
- RSIOMA 2 (5,1,0,4,1)
- DB pivots strategy
- PB Direction
- NonLagMa V.7.1 35 (filter 0.5)
Setting indicators and system template
- Unpack the archive with templates and indicators.
- Copy the indicators to the folder MQL4 -> indicators.
- Copy the templates into the templates folder.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Install a template named db pivots strategy.
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- A green letter appeared.
- Текущий бар — синий.
- NonLagMa indicator (continuous line on the price chart) - green color.
- On the RSIOMA oscillator, the blue line is above the beige line (and preferably as close as possible to the oversold area).
- Optional condition: it is desirable that the price is not close to the reversal level.
- A stop loss is placed under the nearest local minimum.
Signals indicating the opening of a short position (sale)
- A red letter appeared.
- Текущий бар — красный.
- The NonLagMa indicator is red in color.
- On the RSIOMA oscillator, the blue line is below the beige line (and preferably as close as possible to the overbought area).
- The stop loss is placed over the nearest local maximum.
Signals to exit a deal
- At the turnaround level.
- The NonLagMa indicator has a color change.
Download templates and indicators