In this post, we are going to provide you with one of the most lucrative trading experts called Pivot Expert Advisor. But first, let’s talk briefly about Pivot Lines so that friends who are not fluent can take full advantage of this trading expert.
Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot , Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android , MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading
What are Pivot Lines?
Pivot lines are in fact one of the technical analysis tools used to determine the market trend in different timeframes. The pivot line is actually an average of the maximum price (High price), the minimum price (Low price) and the closing price of the market on the previous trading day. Today, if the price is traded above the Pivot line, it indicates that the market is willing to go up, while if it is traded below this line, the market is down.
Application of pivot lines
Pivots are commonly used in mid-day trading for Forex, futures, stocks and commodities. Unlike the moving average indicator and oscillators such as McDee, pivot lines remain unchanged throughout the day, which adds to their credibility. Various trading strategies have been developed with the help of these lines, but the expert Forex Pivot Forex trading strategy that we intend to present in this article is one of the most reliable and profitable strategies for trading with pivot lines.
Features of Pivot Forex Expert
Pivot Forex trading expert uses pending orders, so it has a lower risk than other experts with instant trading. This expert also provides various entries to the trader and in addition uses the most complete part of capital management. Below are some of its other features:
- Very easy to use and convenient expert
- 4 different entry strategies based on pivots
- Possibility of trailing stop, determination of loss limit and profit limit for Expert Pivot
- Ability to trade on 2 – 3 – 4 – 5- digit brokers and ECN
- Ability to enable the ability to martingle to cover loss-making transactions
- Ability to filter trades according to the trading session
- Complete capital management within Expert Pivot
The result of Forex Pivot Forex trading
This trading expert has tremendous results. During 10 years of trading from 2006 to 2016, it was able to make 5619 trades. 84% of these transactions have been profitable. The average profit on profitable trades was $ 16686. In addition, on average, one loss is obtained for every 6 consecutive profitable trades. Also, the rate of capital drop or Expert Pivot Drawdown was a maximum of 11 percent.
Finally, the initial investment of $ 10,000 has grown to $ 25,646,002 or $ 25 million after 10 years, and I do not think there is any other expert on the market like Expert Pivot Forex that has survived all these years. What is more, let it also benefit its owner!
Forex Pivot Expert Settings
Once you have loaded this expert in each of the charts you want, you will be presented with a long list of different inputs and parameters.
Pivot line settings
In this section, you can set the time frame of the Pivot Point indicator for expert use as well as the entry strategy. The usual buying strategy is in the support lines R1, R2 and R3 as well as selling in the resistance lines S1, S2 and S3. You can reverse this strategy using Inverse mode. You can also specify that the expert buy only on support or sell only on resistance.
Settings related to trading sessions
In this section, you can enable or disable trading in Asian, American and European trading sessions.
Transaction management
This is a group of settings related to trading decisions and transaction management. You can specify the direction of trading, risk freezing in a few pips of profit, trailing stop, the amount of loss and the amount of profit.
Capital management
In this section, which is one of the most important parts of Forex Expert Pivot, you can set the trading volume for the first position, or let Expert Pivot calculate the best position volume itself. You can also allow Expert Pivot to martingle positions. In this case, it is recommended to enter the initial position volume manually.
Miscellaneous settings of Forex Pivot Expert
In this section, you can set the magic number of Expert Pivot Forex positions, comment positions, as well as the amount of sleep. If you are not familiar with these items, let them remain the default.
Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot , Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android , MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading
