Where can I download and test this system? It is an interesting proposal for EA.

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Get Ahead with Pivots EAs!

It's important to clarify that the Pivots.mq4 is primarily an indicator, not a trading Expert Advisor. This indicator calculates and plots daily pivot points, support and resistance levels on your MetaTrader 4 chart. It doesn't execute trades on your behalf like a trading EA would. Traders often use indicators like this one to assist in their decision-making process but will need to manually place and manage trades based on their analysis.

The EA calculates and plots daily pivot points, including support and resistance levels, on your MT4 chart. These levels are essential for understanding where the market might reverse or continue its trend.

Getting Started:

Download the Pivots.mq4 file.
Save it in the "Experts" folder of your MT4 directory.
Restart or refresh MT4.
Drag and drop the EA onto your chart.
Adjust the settings as needed.

Adjustable Parameters:

TrendStrongLevel: Set the strength level for trendlines (e.g., 75.00).
Pivots_Period: Choose the time frame for pivot calculations (e.g., 1440 for daily pivots).
Optimal Settings for Success: To maximize your trading strategy's effectiveness, consider the following settings:

Currency Pair: Works well with major pairs like EUR/USD, GBP/USD, or USD/JPY.
Timeframe: Use it on the daily chart for long-term trading or lower timeframes for shorter-term trades.
Minimal Balance: It's recommended to have at least $1000 in your trading account for better risk management.

How to Use Optimal Settings:

Select a major currency pair (e.g., EUR/USD).
Apply the EA on your daily chart.
Ensure your trading account has a balance of $1000 or more.
Look for trading opportunities near pivot points, support, or resistance levels.
Use additional technical analysis and risk management techniques to make informed trading decisions.

This EA simplifies Forex trading by providing clear pivot points, making it easier for you to spot potential trade entry and exit points. It's especially useful when combined with other trading strategies and risk management techniques. Get ahead in the Forex market with this powerful tool!

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The previous Pivots EA is an indicator that provides visual guidance for trading decisions, while the Pivots_test.mq4 is an Expert Advisor that can automatically execute trades based on pivot points. The choice between the two depends on whether you prefer manual trading with indicator assistance or automated trading with an EA.

Get Ahead with EAs!

Pivots_test.mq4, helps you trade more effectively by automatically setting buy and sell orders based on pivot points in the Forex market.
The EA calculates pivot points (support and resistance levels) and monitors your trades. It also includes a trailing stop feature to secure your profits.

Let's Get Started:

Download the "Pivots_test.mq4" file.
Open your MT4 platform.
Go to 'File' > 'Open Data Folder' > 'MQL4' > 'Experts' and copy the EA file there.
Restart MT4 and open a chart.
Drag and drop the EA onto your chart.
Adjust the settings below as needed:

Adjustable Parameters:

Lots: Determines the trade size, which represents the number of lots to trade. A lot size of 0.1 typically equates to a small trade size, while larger values mean larger trades.
TrailingStop: This parameter sets the trailing stop distance in pips. The trailing stop helps protect your profits by adjusting the stop-loss level as the trade moves in your favor. For example, if set to 30 pips, the stop-loss will trail behind the current price by 30 pips.
magicnumber: This is a unique identifier for the Expert Advisor. It allows you to run multiple instances of the EA on different charts or accounts without interference. Each EA instance should have a different magic number to keep them separate.

Winning Strategy Settings:

Currency Pair: Works well with major pairs like EUR/USD.
Timeframe: H1 (1-hour chart) is a good choice.
Minimal Balance: Start with at least $1,000.

How to Win with this EA:

Buy when the price is above the pivot point.
Sell when the price is below the pivot point.
Let the EA manage your trades with the trailing stop feature.

Stick to the recommended currency pair, timeframe, and minimal balance for optimal results.

Pivots_test.mq4 is your Forex buddy that simplifies trading with pivot points. Download it, follow the settings, and start making smart trades effortlessly. Happy trading!

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