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JMO Pivot Forex Scalping Strategy

Amandeep Sonewane | Jul. 12, 2019
JMO Pivot Forex Scalping Strategy

You can now download the JMO Pivot Forex Scalping Strategy for free on AtoZ Markets indicators gallery.

This is a strategy uses the price action and JMO indicator. This works in a 15 minute timeframe and is applicable to major currency pairs.

Metatrader indicator:

  • Pivot Levels Scalping Metatrader indicators:
  • LC-Pivot,
  • Jmo V.5 (3). overbought >85; oversold<15.

How to trade with JMO Pivot Forex Scalping Strategy?

Sell Entry:

  • The price must touch the pivot levels.
  • JMO is in overbought zone greater than 85 level.

Buy Entry:

  • The price must touch the pivot levels.
  • JMO is in oversold zone less than 15 level.

Exit position:

  • Exit on the next pivot levels.
  • Take profit at 7 pips for AUDUSD, 8 pips for EURUSD, GBPUSD 10 pips and USDCHF 8 pips.
  • Stop loss Ratio 0.8 Profit Target.

How to download and install an indicator?

In order to install the indicator on your MT4 platform, you need to follow these steps:

  1. Click on “Download Indicator” button located at the top right corner of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select “JMO Pivot Forex Scalping Strategy” template to apply it on the chart.

Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.