I used Strategy which is fully on pivot point trading system, and it uses central pivot point for long and short positions. If last 5 minutes candle closes below central pivot point and earlier it was above or equal to central pivot, it opens sell trade, and when last candle close on 5 minutes chart closes above central pivot point, and earlier it was below central pivot point, then it opens buy trade. Lot size, stop loss and take profit are fixed.
drishti's Blog
Drishti has published strategy Pivot
Strategy is fully on pivot point trading system, and it uses pivot
point for long and short positions.
point for long and short positions.
Strategy description of March 2021 Strategy Contest
Before I describe my strategy, let me introduce about few basic things about the indicator which I used in this strategy.
I used Commodity Channel Index, in short it is CCI indicator. It was developed by Donald Lambert to identify cycles in the commodity market. However it performs the same in the stock market or the Forex currency market. The Commodity Channel Index is simply an oscillator indicator that moves the majority of the time between +100 and -100 depending on the time-frame in Forex m…
I used Commodity Channel Index, in short it is CCI indicator. It was developed by Donald Lambert to identify cycles in the commodity market. However it performs the same in the stock market or the Forex currency market. The Commodity Channel Index is simply an oscillator indicator that moves the majority of the time between +100 and -100 depending on the time-frame in Forex m…
May 2nd 2018
Today EURUSD has decline consecutively third day and it has reached almost at recent daily support level. So I will wait for this pair, whether it will break the support level, or bounce back in recent days before making any trade decision. Meanwhile, I opened long trade on USDNOK, as it already broken above 200 SMA on daily chart.