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

1. Unpack the archive with templates and indicators.
2. Copy the indicators to the folder MQL4 -> indicators.
3. Copy the templates into the templates folder.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Install a template named db pivots strategy.

The schedule should look like this:

Signals indicating the opening of a long position (buying)

1. A green letter appeared.
2. The current bar is blue.
3. NonLagMa indicator (continuous line on the price chart) - green color.
4. On the RSIOMA oscillator, the blue line is above the beige line (and preferably as close as possible to the oversold area).
5. Optional condition: it is desirable that the price is not close to the reversal level.
6. A stop loss is placed under the nearest local minimum.

Signals indicating the opening of a short position (sale)

1. A red letter appeared.
2. The current bar is red.
3. The NonLagMa indicator is red in color.
4. On the RSIOMA oscillator, the blue line is below the beige line (and preferably as close as possible to the overbought area).
5. The stop loss is placed over the nearest local maximum.

Signals to exit a deal

1. At the turnaround level.
2. The NonLagMa indicator has a color change.

Download templates and indicators

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