You can now download TFX Pivot Points MT4 Forex Scalping Strategy for free on AtoZ Markets indicators gallery.
TFX Pivot Points MT4 Forex Scalping Strategy is easy to use. This will work best during the London and New York sessions. This strategy works fine with EURUSD, AUDUSD and GBPUSD are the suggested currency pairs on a 5-minute timeframe.
- TFX Pivot Points;
- TFX Pivot Pro;
- TFX Trend Bars;
- TFX Reversal;
- Direction: TFX Obos oscillator set to (8)
How to trade with TFX Pivot Points MT4 Forex Scalping Strategy
For LONG Entry
- TFX Reversal Green arrow confirmed by direction green arrow.
- TFX Obos oscillator must be greater than 0.
For SHORT Entry
- TFX Reversal red arrow confirmed by the direction red arrow.
- TFX Obos oscillator less than zero.
To Exit the position
- TFX reversal indicator must show its reversal signal. You can exit if the price touches the pivot points.
To Book the Profit
- At 6 pips for AUDUSD, 8 pips for EURUSD and 10 pips for GBPUSD and set stop loss on Cyan arrow direction for long and red arrow direction for short.
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 the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into the MT5>Indicator folder of the MetaTrader5 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “TFX Pivot Points MT4 Forex Scalping Strategy” template to apply it on the chart.
Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.