Hi Traders there is a promising strategy based on pivots that i have. I have attached an MT4 Indicators for Pivots.
The Indicator plots pivots P pivot,Open pivot, S1 to S4 PIVOTS, R1 to R4 pivots. Please IGNORE the other pivot levels that it plots for Previous Day High and Low. So what we need now is a good Programmer or a Coder to modify the attached indicator so that it gives Alerts when a 15minute candle closes Below or Above the Pivot Levels P pivot,Open pivot, S1 to S4 PIVOTS, R1 to R4 pivots. That is the 1st thing for Binary Alerts. Then the Most important is to create an EA which will BUY IF we have 15minute candle CLOSING ABOVE any of the pivots (P pivot,Open pivot, S1 to S4 PIVOTS, R1 to R4 pivots) and automatically Stop Loss is set at the Pivot BELOW the pivot from which the buy trade is opened and Take Profit is automatically set at the Pivot Above the pivot from where the buy trade was opened. The pivot levels have prices already in the pivots indicator I have attached. Then the EA will Open SELL TRADE IF a 15minute candle CLOSES BELOW any of the pivots (P pivot,Open pivot, S1 to S4 PIVOTS, R1 to R4 pivots) then automatically Stop Loss is set at Pivot above the Pivot from where the Sell trade was opened and Take Profit is set at Pivot Below the pivot from where the Sell Trade was opened. Thanks guys if there is a coder please email [email protected] or you can communicate inside this forum chat. Thanks guys happy trading.