21# Pivot Points Levels Trend Trading System
Pivot Points levels in trending market
Submit by Maximo Trader 12/07/2013
Time Frame 30 min or H1
Currency Pairs:any.
50 exponential moving average (50 EMA);
200 exponential moving average (200 EMA);
MACD indicator (12, 26, 9)
Rules: Pivot Points Levels Trend Trading System
Trades only in trend.
The trend is up if 50 exponential moving average (50 EMA)>200 exponential moving average (200 EMA).
The trend is down if 50 exponential moving average (50 EMA)<200 exponential moving average (200 EMA).
Buy
Trend is up 50EMA >200EMA, the histogram MACD is above of the moving average (red) and the candle close above the Pivot Points Levels indicator. Open long at open next bar.
Sell
Trend is down 50EMA <200EMA, the histogram MACD is below of the moving average (red) and the candle close below the Pivot Points Levels indicator. Open short at open next bar.
Exit position options:
for buy when MACD <0 or with predetermined profit target;
for sell when MACD >0 or with predetermined profit target
Axit also at the next pivot points levels.
Place initial stop loss on the previous swing after 20 pips in gain move stop loss at the levels of entry point.
This Strategy is also good for trading with Binary Options.
Daily pivot points indicator
Pivot Points levels in trending market
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