21# Pivot Points Levels Trend Trading System

Pivot Points levels in trending market

 

Submit by Maximo Trader 12/07/2013

 

Time Frame 30 min or H1

Currency Pairs:any.

 

 

Daily Pivot points indicator;

50 exponential moving average (50 EMA);

200 exponential moving average (200 EMA);

MACD indicator (12, 26, 9)

 

Rules: Pivot Points Levels Trend Trading System

 

Trades only in trend.

The trend is up if 50 exponential moving average (50 EMA)>200 exponential moving average (200 EMA).

The trend is down if 50 exponential moving average (50 EMA)<200 exponential moving average (200 EMA).

 

Buy

Trend is up 50EMA >200EMA, the histogram MACD is above of the moving average (red) and the candle close above the Pivot Points Levels indicator. Open long at open next bar.

 

Sell

Trend is down 50EMA <200EMA, the histogram MACD is below of the moving average (red) and the candle close below the Pivot Points Levels indicator. Open short at open next bar.

 

Exit position options:

for buy when MACD <0 or with predetermined profit target;

for sell when MACD >0 or with predetermined profit target

Axit 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.

 

This Strategy is also good for trading with Binary Options.

Daily pivot points indicator

Daily pivot points indicator
Daily pivot points forex indicator
DailyPivotPoints.rar
compressed file archive 7.8 KB

Pivot Points levels in trending market

Pivot Points levels in trending market
Pivot Points levels in trending market:Template
pivots points levels trend trading syste
compressed file archive 989 Bytes

 

In the pictures belowPivot Points Levels Trend Trading Systemin action.

Pivot Points Levels Trend Trading System
Pivot Points Levels Trend Trading System
Pivot Points Levels Trend Trading System
Pivot Points Levels Trend Trading System

 

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