Pivot Points Forex Scalping Strategy For MT4
The Pivot Points Forex Scalping Strategy For MT4 is used to analyze M15, M30, and 1-hour chart only. As the system focus on quick profit-taking opportunity using the 4H time frame is not justified as the trade will be exposed for a longer time. RSIOMA 2, DB pivots strategy, PB Direction, and the PB Direction used as indicators.
The rookies get confused when they find a system that depends on too many tools. But this is a complete strategy and the strategy files will setup up the trading rig. Knowing about the key steps to the scalp is enough to make money at trading.
The green letter confirmation will take place by the RSIOMA for the long trade. The color of the PB direction will be cobalt blue. For the short, the red letter confirmation is done by upward RSIOMA. The PB direction will be red in color. To make things easier, the RSIOMA curve will be near the overbought zone for the short trade. For the longer, it will be at the bottom part of the indicator window. The price must be testing a valid support level when the buy signal is triggered. For the sell signal, the asset must be testing a critical resistance level. During the short trade, the chart moving average will be red and for the longer, it will be green.
The execution process can’t be easier than this system. SL for each trade is 14 pips and the TP is 28 pips. When the trades are taken, be careful about the trading risk exposure factor. Getting yourself exposed to high risk while scalping the market is more like pushing yourself to execute low-quality trades. Quality should be the main concern of the traders.
The good trades usually hit the take profit within the first 1 hour. If the trade hits to fail the TP, you can move the SL to the breakeven point. Never forget to stick to the basic rules of money management. Taking too much risk and trying to earn more with this system can put you in great danger.
Download the complete system description and the files here: