31# Pivot Davits with Kiosotto
Extreme Trading Zone
Pivots Davits Reversal Zone
Submit by Maximo Trader
Pivot Davits with Quantum indicator and Kiosotto is an trading system the purpose of which is to investigate whether conditions for a retracement of the price or a reversal of the price trend occur in extreme market areas. Extreme Zones are represented by the following levels of Pivot Davits support and resistance (61, 78, 100). To verify that the levels are extreme I use the Kiosotto indicator, the random quantum and the linear regression, instead the Trader Dynamic Index (TDI) as a timing indicator. This strategy is suitable for those who have experience in the Forex market.
Time Frame 15 min, 30 min, 60 min.
Currency pairs: Major, Minor, commodities and Indices.
Metatrader 4 Indicators
Quantum mod (150 period) optional.
New AbhaFX Timing
Symbol Changer V.3
Trading rules Pivot Davits with Quantum indicator and Kiosotto
The main Davits pivots levels are as follows: 61, 78, 100. above / below 100 do not open positions.
When the price reaches a support level 61, 78, 100, check that the following conditions are higher than level 15, and the Abha fx line near or below the lower line.
If there are, the previous conditions to enter wait for TDI i the green line crosses the red line upwards.
Place initial stop loss below the previous swing low. Profit target at the next pivot level or with ratio stop loss 1: 1.2.
When the price reaches a resistance level 61, 78, 100, check that the following conditions are higher than level 15, and the Abha fx line near or above the upper line.
If there are, the previous conditions to enter wait for TDI i the green line crosses the red line downwards.
Place initial stop loss above the previous swing high. Profit target at the next pivot level or with ratio stop loss 1: 1.2.
This is a winning trading system.
In the pictures Pivot Davits with Kiosotto in action.
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