Pivot Points levels in trending forex market
TimeFrame 30 min or H1
MT4 Currency Pairs: any.
Daily Pivot points forex indicator;
50 exponential moving average (50 EMA);
200 exponential moving average (200 EMA);
MACD forex indicator (12, 26, 9)
Rules: Pivot Points Levels Trend Trading Strategy
Trade only in trend.
The chart trend is up if 50 exponential moving average (50 EMA)>200 exponential moving average indicator(200 EMA).
The trend is down if 50 exponential moving average indicator(50 EMA)<200 exponential moving average (200 EMA).
The trend is up 50EMA >200EMA; the histogram MACD is above the moving average (red), and the candle is close above the Pivot Points Levels indicator. Open long at open next bar.
The trend is down 50EMA <200EMA, the histogram MACD is below the moving average (red), and the candle is close below the Pivot Points Levels indicator. Open short at open next bar.
Exit open position options:
for buy when MACD <0 or with a predetermined profit target;
for sell when MACD >0 or with a predetermined profit target
Exit also at the next pivot point levels.
Place initial stop loss on the previous swing after 20 pips in gain move stop loss at the entry point levels.
This Strategy is also suitable for trading with Binary Options.
Daily pivot points forex indicator.
Forex Pivot Points levels in trending market
The points Levels Trend Trading System is in action in the pictures below the pivot.
Required Indicators Download Link Below the Images
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