New Trend Following Trading Strategy

Hi Team,

I wanted to share a brand-new trend following trading strategy with you. The majority of my trades are trend following, and I love finding value with pull backs trades.

This strategy is 100 PERCENT RULE BASED and only uses 2 INDICATORS. The first is my OGT Pivot Points Indicator (download below) which uses daily pivots, support and resistance 1 levels. The second is the Bill Williams Fractals Indicator (standard with MT4) which gives us confirmation of the pull back reversal.

The tutorial video walks through all the indicator settings and entry rules.



I also walk through chart examples of trade setups, entries, stop loss and take profit target.

Strategy Rules:

1. Two consecutive days R1/S1 touched and made new high/lows
2. Next day - wait for price to hit daily pivot
3. If daily pivot not hit, go back to step 1
4. When daily pivot hit - wait for buy/sell fractal to form
5. Enter position - TP: S1/R1 SL: above/below fractal
6. Minimum reward to risk 1:1

I recorded the video last week, but there was a great setup on the EUR/USD on Friday which has a screenshot below with commentary to walk you through the strategy. It may look complicated, trust me it’s really easy to understand. I suggest watching the video as I go into another trading example.


What is also great is that for the EUR/USD has a potential setup for Monday. R1 has been hit the last two days (Thurs/Fri) and has been consecutively higher. What we are now waiting for is for price to retrace to the Monday’s daily pivot.

@Zoheb01
Thanks for putting up such a beautiful and simple strategy together. i look forward to further development of the indicator as you stated in your video

love the simplicity, would love to see that alert when 2 consequetive days have been hit.

Hi

Simple system you have. Similar to mines but I only use one indicator. Very reactive and no predications. two prices set: entry and stop loss, then follow price for take profit. I follow price as far as it can go.

I call it Simple Trend Following.

Thanks

As I mentioned yesterday there was a potential setup on the EUR/USD.

Price did hit R1 again today however, price did not pull back to the daily PP before hitting R1.

In this instance there was no trade to be made.



I am in short on the EUR/USD as price is making it's way to the weekly Pivot. I discuss this strategy here



Thanks
Zoheb

Your welcome

Something that I'm working on developing.

looks new, do we have EA as well ?

It's something that a number of people have requested so am looking into this.

Have had a scan of the charts and the CAD/JPY is the only pair I see as a potential setup for Monday

CAD/JPY


S1 hit last two days. Current low at the 79.500 round number level.

We are looking for a pull back to Monday's daily pivot and for it to act as resistance. Use your favorite pull back entry (e.g. fib retracement, fractal) with the TP target 79.500.

Hey Team,

I wanted to let you know that OGT Pivot Points Indicator v1.1 has been released today.

Below you will the tutorial video which goes through the latest features.

1. Push, Email, Desktop Alerts - Never miss a signal with customisable alerts on all pivot levels
2. New Pivot Time Frame Levels - This is something new that I've never seen on any pivot point indicator and will give you a trading edge!