NEXA Pivot Rebound Basic
- Experts
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Park Seongcheon
Hello,
My name is Park Sung Chan, a developer specializing in MetaTrader 5 algorithmic trading systems.
I design and research long-term, reliable automated trading models based on the structural characteristics and statistical patterns of financial markets. - Version: 1.0
- Activations: 5
1. Overview
NEXA Pivot Rebound Basic is an Expert Advisor designed to identify potential price reversals around daily pivot levels (S1 and R1).
The system operates on the MetaTrader 5 platform and is optimized for the M15 timeframe.
Daily pivot levels are calculated from the previous day’s high, low, and close. These levels are combined with RSI and Stochastic indicators to generate entry signals.
This product is intended for automated trading research and execution.
2. Strategy Logic
The trading logic combines the following components:
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Daily Pivot Point calculation
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S1 / R1 level proximity detection
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RSI indicator
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Stochastic crossover confirmation
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Swing high/low based stop loss
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Risk-to-reward based take profit
A buy signal is generated when price approaches S1 and indicator conditions are satisfied.
A sell signal is generated when price approaches R1 and indicator conditions are satisfied.
3. Stop Loss and Take Profit
Stop loss is calculated using recent swing highs or lows over a defined lookback period.
Take profit can be configured in two ways:
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Pivot midline (PP)
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Fixed risk-to-reward ratio
A minimum risk-to-reward threshold can be enforced.
4. Input Parameters
General Settings
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InpSymbol: Trading symbol
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InpFixedLots: Fixed lot size
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InpMagicNumber: Order identification number
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InpSlippagePoints: Maximum slippage allowed
Trading Time Filter
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Trading session start and end hours
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Weekday trading enable/disable options
Strategy Settings
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RSI period
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Stochastic parameters
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Pivot touch distance
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Swing lookback bars
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Minimum SL distance multiplier
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Risk-to-reward target
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Minimum RR validation
PRO Filter
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Optional pivot re-entry restriction (once per day per level)
5. Technical Characteristics
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Platform: MetaTrader 5
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Distribution format: Compiled EX5 file
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No DLL usage
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No external server connection
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No WebRequest usage
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No third-party licensing system
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No collection of personal user data
6. Installation and Usage
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Open MetaTrader 5.
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Attach the Expert Advisor to a chart.
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Confirm the trading symbol and timeframe.
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Adjust input parameters as needed.
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Enable automated trading.
The M15 timeframe is recommended.
7. Important Notice
This product is an automated trading tool.
Trading results depend on market conditions and parameter configuration.
Financial markets involve risk. Losses may occur.
Users are responsible for their own trading decisions.
8. Product Policy Information
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The product is delivered as a compiled EX5 file.
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Purchased products cannot be refunded.
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Activation limits are defined by the seller.
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Updates replace previous versions.
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All input parameters and messages are displayed in English.
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Product support is provided via the MQL5 product comments section.
