PivotCandle strategy is based on the candle pattern "Hammer" and in the levels of support and resistance prices (reference level) - Pivot (Pivot).
Market: Forex;
Currency pairs: different;
Timeframe: H4 and M15;
Forex indicators: EMA (20), EMA (50), candlestick patterns "Hammer", Pivot levels;
Strategy: Medium;
Protective orders: stop-loss.
The ideal pattern Hammer can be identified by the following characteristics:
"Tail" of the candles (the lower or upper shadow) at least 2 times should be longer than the body itself candles and the top of its shadow.
"Hammer" is at an important level of support or resistance.
Shown here is an example of "the hammer":
The figure shows an example of "inverted hammer":
Pivots (reference level)
Reference levels are usually working as a magnet for the price of the financial markets. Цена очень часто замедляет свое движение, либо вовсе останавливается на “опорных уровнях” перед тем, как возобновить свое дальнейшее движение. The price is very often slow down or completely stops at the "reference levels" before they resume their further movement. Ежедневные опорные уровни насчитываются по ценам Закрытия предыдущего торгового дня по следующей формуле: Daily support levels there were at prices close of the previous trading day as follows:
Central reference level (pivot) - (P) = (High + Low + Close) / 3
no 1- Low Resistance level number 1 - (R1) = 2 * P - Low
№ 2 - (R2) = P + (R1 - S1)
№ 3 - (R3) = High + 2 * (P - Low)
– High Level of support for number 1 - (S1) = 2 * P - High
№ 2 - (S2) = P - (R1 - S1)
№ 3 - (S3) = Low - 2 * (High - P)
For the weekly pivot points - all the same, only needs price of the previous trading week, rather than the previous trading day. Но для удобства, мы не будем рассчитывать пивот-уровни по формуле, а воспользуемся готовыми индикаторами форекс , которые вы можете скачать в конце статьи. But for convenience, we do not expect the pivot levels according to the formula, and use the ready indicator forex , you can download at the end.
PivotCandle Trading signals strategy PivotCandle
This trading strategy is used at intervals: M15 and H4: The 15-minute interval should be used daily pivot points (Pivot point), and the 4-hour intervals are used weekly pivots.
To enter the market to buy should be performed 3 conditions:
1) Price is above the exponential moving average EMA (20), and she in turn breaks above the EMA (50).
2) Price has broken any of these pivot levels: S1, S2, S3, P, R1, R2 or R3, and returned again to him.
3) was formed "hammer".
In the example below, the variant of the interval H4 (a weekly pivot):
If all conditions are met, we open a trading position to buy at the market price of $ 3 the lot (or, respectively, 0.3 and 0.03 for micro accounts or accounts cent).
A safety StopLoss must be placed by 10-20 points below the minimum (the tail), the resulting "hammer", or under the EMA (20) + (5-10 points).
Trading signals out of the market:
1) Closing of one lot of the trading position (or 1 / 3 of the open position) as soon as the price goes toward the open position a distance equal to the value assigned StopLoss.
2) For the remaining 2 lots a safety StopLoss move under the mean EMA (20) + (5 or 10) points as you move up the closing price on the trading position of StopLoss in the positive area.
For transactions on sale must use the opposite rule.
On the example shows, where the first lot was closed:
Closure of the two remaining open lots:
Download the indicators for a trading strategy
Market: Forex;
Currency pairs: different;
Timeframe: H4 and M15;
Forex indicators: EMA (20), EMA (50), candlestick patterns "Hammer", Pivot levels;
Strategy: Medium;
Protective orders: stop-loss.
The ideal pattern Hammer can be identified by the following characteristics:
"Tail" of the candles (the lower or upper shadow) at least 2 times should be longer than the body itself candles and the top of its shadow.
"Hammer" is at an important level of support or resistance.
Shown here is an example of "the hammer":
Reference levels are usually working as a magnet for the price of the financial markets. Цена очень часто замедляет свое движение, либо вовсе останавливается на “опорных уровнях” перед тем, как возобновить свое дальнейшее движение. The price is very often slow down or completely stops at the "reference levels" before they resume their further movement. Ежедневные опорные уровни насчитываются по ценам Закрытия предыдущего торгового дня по следующей формуле: Daily support levels there were at prices close of the previous trading day as follows:
Central reference level (pivot) - (P) = (High + Low + Close) / 3
no 1- Low Resistance level number 1 - (R1) = 2 * P - Low
№ 2 - (R2) = P + (R1 - S1)
№ 3 - (R3) = High + 2 * (P - Low)
– High Level of support for number 1 - (S1) = 2 * P - High
№ 2 - (S2) = P - (R1 - S1)
№ 3 - (S3) = Low - 2 * (High - P)
For the weekly pivot points - all the same, only needs price of the previous trading week, rather than the previous trading day. Но для удобства, мы не будем рассчитывать пивот-уровни по формуле, а воспользуемся готовыми индикаторами форекс , которые вы можете скачать в конце статьи. But for convenience, we do not expect the pivot levels according to the formula, and use the ready indicator forex , you can download at the end.
PivotCandle Trading signals strategy PivotCandle
This trading strategy is used at intervals: M15 and H4: The 15-minute interval should be used daily pivot points (Pivot point), and the 4-hour intervals are used weekly pivots.
To enter the market to buy should be performed 3 conditions:
1) Price is above the exponential moving average EMA (20), and she in turn breaks above the EMA (50).
2) Price has broken any of these pivot levels: S1, S2, S3, P, R1, R2 or R3, and returned again to him.
3) was formed "hammer".
In the example below, the variant of the interval H4 (a weekly pivot):
A safety StopLoss must be placed by 10-20 points below the minimum (the tail), the resulting "hammer", or under the EMA (20) + (5-10 points).
Trading signals out of the market:
1) Closing of one lot of the trading position (or 1 / 3 of the open position) as soon as the price goes toward the open position a distance equal to the value assigned StopLoss.
2) For the remaining 2 lots a safety StopLoss move under the mean EMA (20) + (5 or 10) points as you move up the closing price on the trading position of StopLoss in the positive area.
For transactions on sale must use the opposite rule.
On the example shows, where the first lot was closed:
Download the indicators for a trading strategy
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