## Forex Strategy for Daily Pivot

**Forex Strategy for Daily Pivot** — hour trading system Forex, which is based on the breakdown of support and resistance levels calculated for the **day pivot level (Daily Pivot) **

Suitable for trading **the currency pair GBPUSD**, unfortunately the other major currency pairs are more or less stable result is not given, therefore for them to trade not recommend it.

- I recommend selecting a
**Broker Forex with Terminal MetaTrader 4**

On the hourly chart of GBPUSD (H1) to establish an **indicator DailyPivot_Ind2 **(ShiftTime = 1 for DC with the winter time, GMT +1 time and summer GMT +2 — Type Alpari and Forex4you, and this option should not be changed ever), which will calculate daily rate Pivot and support and resistance levels to it.

**The essence of forex strategy at the Daily Pivot: **

Signal for the deal we have at the moment when the hour candle (H1) regards breaks or the resistance level of R 0.5 or support level S 0.5

1) As soon as the hour candle pierced or touched by the level of R 0.5 — conclude a deal to buy at the current price — not waiting for the closing hour candles.

If the price is touched or penetrated level S 0.5 — conclude a deal to sell at current price — so do not wait for the closing hour candles.

2) Immediately after the deal, set to her trailing stop at a distance of 20-50 pips from current price (it is quite suitable and flexible trailing stop).

3) **Take-profit** expose the level of R2 or S2

4) **Stop-loss **levels are putting S0.5 when buying, R0.5 for sale

5) When you reach the level of R1 or S1, closing 50% of the transaction and translate our position in the level of «zero» (if it has not previously exchanged in the profits or to zero by a trailing stop), trailing stop-loss reserve is the same: 20-50 points!

Additional conditions:

- So I recommend to pay attention
**only to the first intersection-level S 0.5 and R 0.5**(ie, open only one order per day) — because in this case was to get maximum profit with minimal drawdown in the test counselor, working on the forex strategy. - If, after the construction of pivot levels will prove that the price is not between levels of S0.5 and R0.5, you must wait until the price will go down in the corridor, and only then need to wait for penetration levels S0.5 and R0.5, and therefore conclude Deal!

Download an indicator for Metatrader 4 — DailyPivot_Ind2.mq4 (previously simply drag!)

By this strategy, forex you can FREE DOWNLOAD |

Attention: Advisor Forex PIVOT been sold in the store Plati.ru andwas withdrawn from sale 6/12/2010, as the market has changedand advisor Forex PIVOT stopped to give a stable result.

**The results of expert testing ****Pivot**, trading on forex strategy at theDaily Pivot:

A) Lot = 1; permutation to zero and the closure of 50% reaching the level of S1, R1; Trall = 50 points (for 4-digits DC) are trading 1 perday; ShiftTime = 1;

2) Lot = 1; permutation to zero and the closure of 50% reaching the level of S1, R1; Trall = 20 points (for 4-digits DC) are trading 1 per day; ShiftTime = 1; — **recommended settings!**

3) Lot = 1; permutation to zero and the closure of 50% reaching the level of S1, R1; WITHOUT trailing stop, sell 1 per day; ShiftTime = 1;