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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