21# Pivot with Waddah Attar MT5 Strategy

Day Trading Strategy

Submit by Janus Trader

 

Pivot Points with Waddah Attar Explosion Strategy is a simple and effective strategy to profit from the forex market.
The aim of the strategy is to wait for the price to reach the pivot levels and then verify a rebound or a breakout. To interpret the price action we refer to the Waddah Attar Explosion which follows the trend and volatility of the price well. 

Pivot Points with Waddah Attar Explosion Strategy
Pivot Points with Waddah Attar Explosion Strategy

Strategy Setup
Type of day trading strategy
Time Frame 30 minutes
Metatrader 5 indicators
Pivot Points levels
Waddah Attar Explosion to activate the indicator (allow amount of dll dependencies).
Trading rules for Pivot Points with Waddah Attar Explosion Strategy
reversal
Buy
When the price is near a level wait for the upward bounce and the green bar of the Waddah Attar Explosion indicator.
Sell
When the price is near a level wait for the downward bounce and the red bar of the Waddah Attar Explosion indicator.
Continuation
Buy
The price breaks the level and closes above it
The color of the bar remains green.
Sell
The price breaks the level and closes below it
The color of the bar remains red.
My advice is to start this strategy using only one method (reversal or continuation).
Exit position
Place the stop bone above/below the previous price swing.
Profit Target approaching next level or stoploss ratio: 1:1.

 

My advice is to start using this strategy with reversal on extreme levels.
Since it has good reliability, the D'Alembert can be used as Money Management.

Pivot Points with Waddah Attar Explosion Strategy
Pivot Points with Waddah Attar Explosion Strategy
Pivot Points with Waddah Attar Explosion Strategy
Pivot Points with Waddah Attar Explosion Strategy
Pivot with Waddah Attar MT5 Strategy
Pivot with Waddah Attar MT5 Strategy
Pivot Points with Waddah Attar Explosion
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Comments: 1
  • #1

    luis ronald (Tuesday, 06 February 2024 01:01)

    obrigdo