27# Pivot points levels with the blade oscillator

Pivot points trading

 

Submit by Mike Trader 31/01/2014

 

Pivot points levels with the blade oscillator is a price action momentum forex strategy.

Trading Rules

Currency pairs: Aud/Usd, Eur/Usd, Gbp/Usd, Usd/Jpy.

Timeframe: H1.

Metatrader Indicators:

Fibopivot 2,

Blade oscillator.

 

Buy Signal

1. For a Buy signal, we need to have Moving Average (orange) closed above

the line of the Blade level indicator and the Trend Oscillator should be blue.

2. If the two conditions coincide then enter the market

3. For EUR / USD pair the recommended settings are:

TakeProfit 50 pips, initial stop loss 40 pips after 40 pips in gain move stop loss at the entry point.

Exit

Exit when the trend oscillator closes below the 0 level! Even if you have a profit

during a trade, you should still get out of the market if you see this signal!

Stop Loss is needed for emergencies, when the market suddenly changes its

direction.

Once you take a profit ignore the existing line and wait until you get a new Pivot point level line.

 

Sell Signal

1. For a Sell signal, we need to have Moving Average (orange) closed below

the line of the Fibo pivot level indicator and the Trend Oscillator should be blue.

2. If the two conditions coincide then enter the market

3. For EUR / USD pair the recommended settings are:

TakeProfit 50 pips, initial stop loss 40 pips after 40 pips in gain move stop loss at the entry point.

Exit

Exit when the trend oscillator closes above the 0 level! Even if you have a profit

during a trade, you should still get out of the market if you see this signal!

Stop Loss is needed for emergencies, when the market suddenly changes its

direction.

Once you take a profit ignore the existing line and wait until you get a new Pivot point

level line.

 

Money Management for this pivot trading strategy

For deposits from $50 (better from $100) – 0.01 lot.

For deposits from $200 – 0.02 lot.

For deposits from $300 – 0.03 lot.

For deposits from $550 – 0.04 lot or 0.05 lot.

For deposits from $650 – 0.06 lot.

Pivot points trading
pivot points level with blade oscillator
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Pivot points levels with the blade oscillator
Pivot points levels with the blade oscillator

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