Hi All
This is a simple strategy which i have used for more than 5 years with good success in conjunction with my other strategies. Many strategy changes with time but this has stood the test of time and is the classical method used by the older traders.
Taking the Template & Some Indicators from Davits Thread and modifying for this strategy . The Thread can be located here
I am a firm believer in not putting stops to the trades as long as you are trading small and knowing your pain levels before closing the trade. I am not going to show any statements or boast about the winnings as each trader is diff in approach and has to know what amount they can afford to loose.
Personally i dont use more than 1 micro lot for every 200 $ capital. This way the only way to loose the capital is on a 2000 Pip movement against you. I have a hard stop at 250 Pips on the Majors and 500 Pips on the GBP/JPY. Also never have more than 2 positions in any pair you are trading. Target 1% return each day and close the platform once done. The Doom for the trader is when they over trade. Have a target of 10% return each month and do it in and out for atleast 1 year before increasing the returns target. With experience comes better trading.
Attached are two charts, with the 15 min used for entry and 1 hr used to see the the complete pivot levels zoomed out. Watch the play of price when it comes to the 200 Ema and the Pivots support and resistance areas.
Copy all the indicators and apply the attached template.
Best to use from London Open on Monday till 1 hr prior to US Close on Friday.
Long Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart
======
Price Above Daily Pivot & 200 Ema ( Should be trending Upwards ) , Enter as close as possible to the Open Price or Daily Pivot. Avoid Entering When price is far from the 200 EMA.
TP : Next Resistance Levels
Short Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart
======
Price Below Daily Pivot & 200 Ema ( Should be trending Downwards ), Enter as close as possible to the Open Price or Daily Pivot. Avoid Entering When price is far from the 200 EMA.
TP : Next Support Levels
Anyone who wants to ask questions, use this for 15 days and then post your queries and i will answer to the best of my ability.
Trading is discretionary to each trader, so use it on Demo, practice the price action around the pivots and 200 ema and u will notice the patterns and the importance of 200 ema on this strategy.
I am here not to post any of my trades or boast about my trading, its just my way to give back the community.
This is a simple strategy which i have used for more than 5 years with good success in conjunction with my other strategies. Many strategy changes with time but this has stood the test of time and is the classical method used by the older traders.
Taking the Template & Some Indicators from Davits Thread and modifying for this strategy . The Thread can be located here
I am a firm believer in not putting stops to the trades as long as you are trading small and knowing your pain levels before closing the trade. I am not going to show any statements or boast about the winnings as each trader is diff in approach and has to know what amount they can afford to loose.
Personally i dont use more than 1 micro lot for every 200 $ capital. This way the only way to loose the capital is on a 2000 Pip movement against you. I have a hard stop at 250 Pips on the Majors and 500 Pips on the GBP/JPY. Also never have more than 2 positions in any pair you are trading. Target 1% return each day and close the platform once done. The Doom for the trader is when they over trade. Have a target of 10% return each month and do it in and out for atleast 1 year before increasing the returns target. With experience comes better trading.
Attached are two charts, with the 15 min used for entry and 1 hr used to see the the complete pivot levels zoomed out. Watch the play of price when it comes to the 200 Ema and the Pivots support and resistance areas.
Copy all the indicators and apply the attached template.
Best to use from London Open on Monday till 1 hr prior to US Close on Friday.
Long Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart
======
Price Above Daily Pivot & 200 Ema ( Should be trending Upwards ) , Enter as close as possible to the Open Price or Daily Pivot. Avoid Entering When price is far from the 200 EMA.
TP : Next Resistance Levels
Short Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart
======
Price Below Daily Pivot & 200 Ema ( Should be trending Downwards ), Enter as close as possible to the Open Price or Daily Pivot. Avoid Entering When price is far from the 200 EMA.
TP : Next Support Levels
Anyone who wants to ask questions, use this for 15 days and then post your queries and i will answer to the best of my ability.
Trading is discretionary to each trader, so use it on Demo, practice the price action around the pivots and 200 ema and u will notice the patterns and the importance of 200 ema on this strategy.
I am here not to post any of my trades or boast about my trading, its just my way to give back the community.
Attached File(s)
ADR_v2.ex4
11 KB
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1,180 downloads
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Uploaded Feb 20, 2017 2:41am
daily_open_line.ex4
9 KB
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1,307 downloads
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Uploaded Feb 20, 2017 2:41am
Davits Pivot V3.mq4
24 KB
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1,397 downloads
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Uploaded Feb 20, 2017 2:42am
TMS_Angleator V3 - RT2.ex4
32 KB
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1,220 downloads
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Uploaded Feb 20, 2017 2:42am
Magnified Market Price.mq4
1 KB
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1,097 downloads
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Uploaded Feb 20, 2017 2:42am
pipsometer_decimal_edit_2.mq4
4 KB
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1,183 downloads
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Uploaded Feb 20, 2017 2:44am
200ema-pivots.tpl
12 KB
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1,407 downloads
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Uploaded Feb 20, 2017 2:48am
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