PIVOT DWM

5 February 2022, 06:48
Sugianto
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How to use Pivot DWM properly :

1. Analyze the EMA Range using the EMA Range Scanner, the goal is to find the EMA Range > 1000. This means that there is sufficient volatility and trend movement to trade. The EMA Range Scanner is available in MT4 and MT5 versions at the download link below this article for free.

ma scan

EMA Range< 1000 indicates a lack of volatility, but that doesn't mean it's not worth to trade. EMA Range >=800 can still be traded, of course with a tight stop loss and you must use flexible pending orders.

2. After getting the EMA Range >1000, do the analysis using the Pivot DWM  indicator with the following steps:

pivot DWM

Very important! Determine your stop loss first at support and resistance before determining the entry position. If you do not find a stop loss position, do not enter a position! 

3. Apply Trendline Trade Panel to execute pending orders and stop losses.

ttl

Trendline Trade Panel applies pending orders, stoploss, takeprofit and trailing using trendlines and horizontal lines. This will avoid many problems if the broker applies stop loss hunting and often shifts pending orders and stop losses.

Note: Pic Step 2 and 3 are not correlated with Pic Step 1 because pic step 2 & 3 only illustrates how to do analysis with Pivot DWM and execute trades with EA Trendline Trade Panel. The following picture is the progress of Pic step 1.

gbpnzd1

Free EMA Range Scanner MT4 , EMA Range Scanner MT5 

Pivot DWM MT5

Pivot DWM MT4

Trendline Trade Panel MT5

Trendline Trade Panel MT4


Example daily analisys : Click here

Files:
5EMA.tpl  2 kb
5EMAMT5.tpl  190 kb
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