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:
- Click on “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- 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.
