Hi
I have been trading using pivot points . My system is very simple even anybody with no experience can use it . I simply place a buy order if price closes above pivot point((High+low+close)/3) and a sell order if price closes below the pivot points . I do that on daily pivot , 4 hourly and even on the hourly pivot. My target is only 5 pips. No stop loss, I never had to, at least so far. Believe me I have been doing good with this way except it is very much time consuming specially if you have to do it on the hourly basis and using many pairs to diversify the risk. I have no programming knowledge to write an ea for this simple strategy and I am to old to start learning.
So can anybody help
Thanks
I have been trading using pivot points . My system is very simple even anybody with no experience can use it . I simply place a buy order if price closes above pivot point((High+low+close)/3) and a sell order if price closes below the pivot points . I do that on daily pivot , 4 hourly and even on the hourly pivot. My target is only 5 pips. No stop loss, I never had to, at least so far. Believe me I have been doing good with this way except it is very much time consuming specially if you have to do it on the hourly basis and using many pairs to diversify the risk. I have no programming knowledge to write an ea for this simple strategy and I am to old to start learning.
So can anybody help
Thanks