Trend Forex Pivot Points Strategy

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Trend Forex Pivot Points Strategy

This system works on 30 minute or 1 hour timeframe and applicable to any currency pairs.

Forex Indicators:

  • Daily Pivot points indicator;
  • 50 exponential moving average (50 EMA);
  • 200 exponential moving average (200 EMA);
  • MACD indicator (12, 26, 9)

Rules:

  • Trades only in trend.
  • If EMA 50 is greater than EMA 200, then the trend in going upward.
  • If EMA 50 is less than EMA 200, then the trend is going downward.

BUY ENTRY:

  • Trend is up.
  • 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 ENTRY:

  • Trend is down.
  • 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 is less than 0 or with predetermined profit target;
  • for sell when MACD is greater than 0 or with predetermined profit target
  • Exit 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.

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