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Powerful Pivot Point Trading Strategy

  • #1
  • First Post: Sep 27, 2020 4:33am Sep 27, 2020 4:33am
Hey traders,

Today I would like to share a trading strategy that I've been back/forward testing for a couple of months.

This is a day trading trend strategy that identifies an established trend, and waits for a pull back to the daily pivot.

As with all my strategy videos, I walk you through step by step:

1) The Setup
2) Entry
3) Take Profit Targets
4) Stop Loss Placement
5) Lots of examples

Indicators needed are EMAs and a pivot point indicator. I've attached a zip file with a pivot point indicator and the MT4 template so your charts are ready to go!

Inserted Video


Let me know your thoughts on how we can modify the strategy to make it perform even better.

Attached File(s)
File Type: zip Pivot Point Trading Strategy.zip   74 KB | 2,415 downloads

Thanks,
Zoheb.
Never stop investing. Never stop improving. Never stop doing something new
  • #2
  • Sep 27, 2020 10:19am Sep 27, 2020 10:19am
Thanks man! the system is really a trend following, please have you tested it on higher time frame? i will forward test it during the week and give a feedback
  • #3
  • Sep 27, 2020 11:20am Sep 27, 2020 11:20am
does it work on MT5?

regards
  • #4
  • Sep 27, 2020 12:32pm Sep 27, 2020 12:32pm
Thank you for this strategy and the video, very clear explanation. This strategy is not subjective.

One person on youtube said to use TDI with only the green and red lines, it will keep us out of bad trades. He didn't explain how to use the lines as filter.

I atached a TDI from a Forex Factory user, JeanLouie.
Attached File(s)
File Type: rar TDI JeanLouie FF.rar   41 KB | 899 downloads
  • #5
  • Sep 27, 2020 12:54pm Sep 27, 2020 12:54pm
Quoting Daniel1fx1
Thank you for this strategy and the video, very clear explanation. This strategy is not subjective. One person on youtube said to use TDI with only the green and red lines, it will keep us out of bad trades. He didn't explain how to use the lines as filter. I atached a TDI from a Forex Factory user, JeanLouie. {file}
Great... add a couple of indicators more and then you have a winning strategy
  • #6
  • Sep 27, 2020 1:55pm Sep 27, 2020 1:55pm
[quote = Daniel1fx1; 13186360] Dziękuję za tę strategię i film, bardzo jasne wyjaśnienie. Ta strategia nie jest subiektywna. Jedna osoba na youtube, że używa TDI tylko z zieloną i czerwoną linią, dzięki temu unikniemy złych transakcji. Nie wyjaśnił, jak używać linii jako filtra. Dołączyłem TDI od użytkownika Forex Factory, JeanLouie. {file} [/ quote]


Wielkie dzięki chłopaki, świetnie pracujcie
Przetestuj, a pod koniec tygodnia dam Ci znać. Wygląda mega.

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  • #7
  • Sep 28, 2020 8:33am Sep 28, 2020 8:33am
Quoting Jarass1080
[quote = Daniel1fx1; 13186360] Dziękuję za tę strategię i film, bardzo jasne wyjaśnienie. Ta strategia nie jest subiektywna. Jedna osoba na youtube, że używa TDI tylko z zieloną i czerwoną linią, dzięki temu unikniemy złych transakcji. Nie wyjaśnił, jak używać linii jako filtra. Dołączyłem TDI od użytkownika Forex Factory, JeanLouie. {file} [/ quote] Wielkie dzięki chłopaki, świetnie pracujcie Przetestuj, a pod koniec tygodnia dam Ci...
++++++++++++++++++++++++++

I respect your work. Please translate, if you don't mind. Thanks
  • #8
  • Sep 28, 2020 11:21am Sep 28, 2020 11:21am
[quote = diamonddbw; 13187702] {quote} ++++++++++++++++++++++++++ Szanuję Twoją pracę. Proszę przetłumacz, jeśli nie masz nic przeciwko. Dzięki [/ quote]

Thank you.
It seems simpler than the appearance. But it's nothing legal like I said. I haven't tested it so I have to wait for the results. I put in two lines that are meant to intersect. One of the lines generates green color, i.e. increase, red - decrease. And yellow stagnation. in my opinion, the normal black line MA must intersect in the yellow place. I'm still working on it.

It was so

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It is so now
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One of the new options is this
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  • #9
  • Sep 28, 2020 2:08pm Sep 28, 2020 2:08pm
After going over all 28 majors, for today (Monday, 28 Sept), Benchmarks start to appear.

• Basic rules, as put forth by OGT, look very good.
-- Some potential additions;
•• Using GMMA's to trigger stops, can save significant pips. This could be a MAJOR asset.
..... Losses due to price going opposite rule based entries, tend to be about 1/3 full stops to R1 or S1, with no apparent negative affect on overall trade performance.

••• If price does go in opposite direction, very early in session, trading NEW direction may work out.

Example of direction change:
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  • #10
  • Sep 28, 2020 5:03pm Sep 28, 2020 5:03pm
[quote = Jarass1080; 13188021] [quote = diamonddbw; 13187702] {quote} +++++++++++++++++++++++++ Szanuję Twoją pracę. Proszę przetłumacz, jeśli nie masz nic przeciwko. Dzięki [/ quote] Gracias. Parece más simple que la apariencia. Pero no es nada legal como dije. No lo he probado, así que tengo que esperar los resultados. Pongo dos líneas que están destinadas a cruzarse. Una de las líneas genera color verde, es decir, aumenta, rojo - disminuye. Y estancamiento amarillo. en mi opinión, la línea negra normal MA debe cruzarse en el lugar amarillo. Todavía estoy trabajando en ello. Era tan {imagen} Es tan ahora {imagen} Una de las nuevas opciones es esta {imagen} [/ cita]
sorry, would you mind sharing your template, I like your idea, thank you very much, greetings
  • #11
  • Sep 28, 2020 5:46pm Sep 28, 2020 5:46pm
Quoting javipenjamo
[quote = Jarass1080; 13188021] [quote = diamonddbw; 13187702] {quote} +++++++++++++++++++++++++ Szanuję Twoją pracę. Proszę przetłumacz, jeśli nie masz nic przeciwko. Dzięki [/ quote] Gracias. Parece más simple que la apariencia. Pero no es nada legal como dije. No lo he probado, así que tengo que esperar los resultados. Pongo dos líneas que están destinadas a cruzarse. Una de las líneas genera color verde, es decir, aumenta, rojo - disminuye. Y estancamiento amarillo. en mi opinión, la línea negra normal MA debe...
++++++++++++++++++++++++

I used a different Pivot Point Indicator, for visual effect. Please always defer to OGT's techniques. He's quite brilliant.
Attached File(s)
File Type: ex4 ADR.ex4   8 KB | 737 downloads
File Type: ex4 Daily Open Line.ex4   10 KB | 807 downloads
File Type: ex4 mladen1000pips Medium_v2.4_Indigo.ex4   19 KB | 789 downloads
File Type: ex4 pipsometer_5_decimal.ex4   14 KB | 716 downloads
File Type: ex4 Pivot Points - Daily (Shifted) v1.ex4   21 KB | 836 downloads
File Type: tpl OGT_Mod_Pivot.tpl   96 KB | 690 downloads
  • #12
  • Sep 29, 2020 5:31am Sep 29, 2020 5:31am
CadJpy
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  • #13
  • Sep 29, 2020 5:38am Sep 29, 2020 5:38am
EurNzd TP1 Win. TP2 Loss
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  • #14
  • Sep 29, 2020 5:48am Sep 29, 2020 5:48am
GbpAud hit TP1, and very close to TP2.

Even though complete moving average cross didn't happen until the new day began, price was trending down strongly.
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  • #15
  • Sep 29, 2020 5:53am Sep 29, 2020 5:53am
NzdChf TP1 hit. TP2 Loss
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  • #16
  • Sep 29, 2020 5:58am Sep 29, 2020 5:58am
EurCad
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  • #17
  • Sep 29, 2020 6:08am Sep 29, 2020 6:08am
NzdJpy would have qualified, However... entry would have been During Rollover, with spreads likely, over 5 pips, and R1 only about 15 pips away. And uptrend was not very strong looking.
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  • #18
  • Sep 29, 2020 6:42am Sep 29, 2020 6:42am
Thank you @diamonddbw for sharing the images, this strategy seems very solid.

Do you use price alerts? What app/site do you use?

Regards
  • #19
  • Sep 29, 2020 6:50am Sep 29, 2020 6:50am
Quoting Daniel1fx1
Thank you @diamonddbw for sharing the images, this strategy seems very solid. Do you use price alerts? What app/site do you use? Regards
+++++++++++++++++++++++

Hi Daniel. Not using price alerts. Currently formulating a mostly 'Set & Forget' methodology. Will possibly provide that info here, if it's not a problem with OGT.

Regarding "app/site" question, not clear on what you're asking.
  • #20
  • Sep 29, 2020 7:08am Sep 29, 2020 7:08am
Hoy he empezado a probar y así va de momento,no he tomado en cuenta tp1 solo directamente tp2
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