Until recently, traders who lacked the time to learn MQL4 forex pivot point system had no background in computer programming were largely unable to easily create and use their own Expert Advisors. Creating and using your own Expert Advisor now only requires creating your own trading strategy. By downloading and running these Expert Advisors, you can see how easy it is to convert a mechanical trading style into a new forex robot.
Each of these Expert Advisors uses a different trading strategy to trade the market. These strategies are simple robots built around relatively unsophisticated trading criteria. EAs allow for an almost infinite degree of customization and specialization for every strategy. Feel free to experiment with these strategies and see how they work for you. MQL4, we work with traders further to help refine or distill their new Expert Advisor. This disambiguation page lists articles associated with the title Pivot point. If an internal link led you here, you may wish to change the link to point directly to the intended article.
This page was last edited on 9 April 2018, at 16:43. Who’s online There are currently 10 users online. Submitted by Chelo on November 24, 2007 – 15:39. So here is a strategy I have trying to work out fot the past month, and I seem to be getting better at it. What would be very nice, is if anyone can help me tune it a bit more. Once you load your template you will notice the three sets of bollinger bands. Now, price will constantly range between these lines.
Then the price will tend to retrace towards the center of the bollinger bands, you profit form this retracing. Buy Strategy, it is the same as selling, the difference is that we will wait for the price to range between the lower red and yellow bands, and trade the retracing towards the center. Tips: do not trade on ranging ,or quiet markets, do not trade previous to news releases. Go for 5 to 10 pips.
Great system to trade between opening of london session and the closing of the japan session. I tend to have two kinds of stops: time based and loss based. Time based: Try and figure out how long will it take the market to get in your expected direction, if the time that you planned is already due, then close the order. Stop Loss: Since you are trading a very tight time frame your stops should also very very tight. What I would like to do is to study wether to add or not some extra indicators.
Submitted by Edward Revy on November 24, 2007 – 15:54. It is a great strategy and so are the results! Submitted by User on November 26, 2007 – 09:21. Hey very interesting i also have interest on this one thanks.
Submitted by Chelo on November 26, 2007 – 16:20. Something I forgot to mention about this strategy. Notice that the strategy mentions three time frames: 1m 5M and 15M. Although you would be trading this strategy on the 1M time frmae, use the other two to make sure you are no trading against a stronger trend.