Hello there,
I have an indicator that automatically draw daily pivotal point together with it support resistance based on previous trading day.
I have a very successful track record in using this trading system, thus look forward to automated the system.
Here's how it works.
PV = Pivotal Point
S= Support R = Resistance
MS = Mid Support MR = Mid Resistance
1) Daily after new daily candle, a new pivotal point will be draw by the indicators
2) The lines include from pivot lines, support and resistance, mid support and mid resistance.
3) The level of S, R, MS & MR are up to 5 level.
4) Entry will be 'BUY LIMIT' and 'SELL LIMIT' only
5) No SL, drawdown may be high. But this trading system yield a high return.
6) Sell Limit Trigger : MR1, R1, MR2, R2, MR3, R3, MR4, R4, MR5, R5 (arrange accordingly)
Buy Limit Trigger : MS1, S1, SR2, S2, SR3, S3, SR4, S4, SR5, S5 (arrange accordingly)
Eg:
* Sell Limit Trigger @ MR1, take profit will be at PV
*Sell Limit Trigger @ R2, take profit will be at MR2 (mid res 2)
* Sell Limit trigger @ MR4, take profit will be at R3
* Buy Limit Trigger @ MS1, take profit will be at PV
*Buy Limit Trigger @ S2, take profit will be at SR2 (mid res 2)
* Buy Limit trigger @ SR4, take profit will be at S3
6) Please put lot can be adjusted individually in each draw lines.
Thus each day new line will be drawn.
For further clarification of indicators, please accept job first.
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