Simple Pivot Points Trading System

Simple Pivot Points Trading System is a strategy based on levels Pivots and SMMA weighted.

Time Frame 30 min or 60 min.

Currency pairs: Majors with low spreads.

Forex Indicators:

draw pivot points levels on the chart;

2 period SMMA weighted, close.

Momentum (14 period).

Trading Rules

Buy

1. If 2 smma weighted close cross up the day open line open long

at new candle.

Momentum above 100 level (optional).

Profit Target 20 pips or next pivot points level.

Initial stop loss 20 pips after 15 pips in gain move stop loss at the breakeven.

Sell

2. If 2 smma weighted close cross down the day open line open

short at new candle.

Momentum below 100 level (optional).

Profit Target 20 pips or next pivot points level.

Initial stop loss 20 pips after 15 pips in gain move stop loss at the breakeven.

Below the link for download templete and Indicators Metatrader 4.

https://drive.google.com/file/d/0Bwjv2Pbf48itSzZwaUc5cGEwX1E/view?usp=sharing