I found this method and that i made some pointers for it and add one more indicator.
Please try it out what are you suppose it about.
Charts : MT4 platform (or Totally different)
Timeframe : 1M
Pair : All pairs (Recommended GBP/JPY)
Indicator : Shifting Widespread
Indicator : Every day Pivot Elements
1. Open any pair and alter to 1M Time Physique.
2. Select Shifting Widespread Indicator and set the following setting ;
a) Interval : 200
b) Shift : 0
c) MA Approach : Straightforward
d) Apply to : Shut
e) Style : Blue (thick line)
1. Take a look on the blue MA and put collectively to commerce as quickly as the worth HIT / CROSSED the blue MA.
2. Enter LONG when the worth is ABOVE the blue MA.
3. Enter SHORT when the worth is BELOW the blue MA.
4. Set STOP LOSS on earlier HIGH / earlier LOW.
5. Set TP 15 to 25 pips or further (Recommended for GBPJPY solely).
6. And don’t get any positions in opposition to the 1H or 4H sample.
Linked you’ll find the template for MT4 and the indicator for every day pivot components.
Joyful Shopping for and promoting.