So i bumped into this pivot trading strategy a week ago, backtested it and it seems to be crazy legit and can fetch good pips, so i want to share it here and probably we can all together improve it to be less clattered but more efficient! viva!
THREAD RULES!
NO TROLLING , WE ARE HERE TO IMPROVE THE STRATEGY, LESS CLATTERED CHARTS BUT MORE EFFECTIVE!
EA builders are welcomed. thanks
TRADING RULES!
Buy
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.
Sell
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.
attached are the indicators
THREAD RULES!
NO TROLLING , WE ARE HERE TO IMPROVE THE STRATEGY, LESS CLATTERED CHARTS BUT MORE EFFECTIVE!
EA builders are welcomed. thanks
TRADING RULES!
Buy
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.
Sell
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.
attached are the indicators
Attached File(s)
Pivot Davits with Kiosotto.rar
234 KB
|
1,245 downloads
EURCHF60.csv
121 KB
|
624 downloads
How can i loose when i started from the bottom!?