Stratoblaster Forex Pivot Points Strategy For MT4
The Stratoblaster Forex Pivot Points Strategy For MT4 is a trading system that requires you to evaluate the market a great deal. You need to monitor the actual price action activity relative to the indicators which the system comes with. However, when you go through the rules this will make better sense to you.
This system uses an SDX indicator, a CAM indicator, and a Pivot points indicator. These are just the main indicators that are mainly used herein.
This system might seem overwhelming for beginner traders - so if that is the case I would not encourage you to use this system. This is because it requires you to have solid background knowledge on price action analysis and technical indicators. This trading strategy is one of those financial trading systems that have multifaceted rules. This can be seen as a good thing because it shows that the system is versatile and robust. You need to keep an eye out for V-bottoms and V-tops and various bounces in price which take place near the SDX zones.
So if you want to open a short trade you need to wait for a V-Top to form or the price has to spring off from the top off of the SDX indicator and it has to be in a green zone. If you wish to open a long trade - then you have to wait for a V-bottom to completely develop or you could wait for the price to spring from the bottom of the SDX indicator - either away it has to be in a red zone for you to buy.
You can manually move your stop loss to your entry point as soon as the trade is 20 pips in your favor. This will take all the risk completely off the table when you do so. This is a tricky system to trade but with consistent practice and refining, you will eventually master it.
Download the complete system description and the files here: