Pivot Trading with TudorGirl Indicator on any pair on any timeframe.
Hi
I have been noticing a pattern develop using the indicators below and find it very easy and clean to use on any currency pair and take profit for 30-50 pips per pair. I am opening this thread to learn, develop and to use this pattern successfully.
Anyone willing to help and analyse are most welcome. Also looking to develop an EA at a later stage once we have found out how profitable this strategy is. Please take time to read the first few pages of this thread and do not ask for answers which have been already asked so that this thread does not become cluttered with unnecessary information.
Although i am using this only on 5 min, this strategy can be used on anytime frame.
Attaching the indicators , template file and some examples.
Indicators
==========
Auto Pivot
HG_0001a Indi by TudorGirl
Rules of Entry & Exit For Long Trade
=============================
1. Price closes above a pivot point e.g Daily Pivot / Daily R1 / Daily S1 etc
2. HG_0001a Indi indicates blue on the first bar
3. Enter after the close of the first blue bar.
4. Close for 50 pips or at next pivot level or when HG_0001a indi changes color.
Rules of Entry & Exit For Short Trade
=============================
1. Price below a pivot point e.g Daily Pivot / Daily R1 / Daily S1 etc
2. HG_0001a Indi indicates Red on the first bar.
3. Enter after the close of the first red bar.
4. Close for 50 pips or at next pivot level or when HG_0001a indi changes color.
Stop loss is subjective and i have kept it personally at 20 pips below or above the immediate pivot.
Hi
I have been noticing a pattern develop using the indicators below and find it very easy and clean to use on any currency pair and take profit for 30-50 pips per pair. I am opening this thread to learn, develop and to use this pattern successfully.
Anyone willing to help and analyse are most welcome. Also looking to develop an EA at a later stage once we have found out how profitable this strategy is. Please take time to read the first few pages of this thread and do not ask for answers which have been already asked so that this thread does not become cluttered with unnecessary information.
Although i am using this only on 5 min, this strategy can be used on anytime frame.
Attaching the indicators , template file and some examples.
Indicators
==========
Auto Pivot
HG_0001a Indi by TudorGirl
Rules of Entry & Exit For Long Trade
=============================
1. Price closes above a pivot point e.g Daily Pivot / Daily R1 / Daily S1 etc
2. HG_0001a Indi indicates blue on the first bar
3. Enter after the close of the first blue bar.
4. Close for 50 pips or at next pivot level or when HG_0001a indi changes color.
Rules of Entry & Exit For Short Trade
=============================
1. Price below a pivot point e.g Daily Pivot / Daily R1 / Daily S1 etc
2. HG_0001a Indi indicates Red on the first bar.
3. Enter after the close of the first red bar.
4. Close for 50 pips or at next pivot level or when HG_0001a indi changes color.
Stop loss is subjective and i have kept it personally at 20 pips below or above the immediate pivot.
Attached File(s)
###Auto Pivot2.mq4
16 KB
|
4,252 downloads
HG_0001a.ex4
3 KB
|
5,125 downloads
pivots.tpl
11 KB
|
3,239 downloads
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