Pivot Point is an accurate but complicated technical analysis indicator which price levels are used by high professional traders to enter and exit the markets, Pivot Trader Pro core system depends on pivot point calculation to be used for price levels determination and make safe market entry and exit.
The way a trade is managed is often more important than its entry point determination, so the robot has extra-features to carefully manage opened trades and exit them for safer trading:
This is simply determining the most suitable time for closing an opened trade, so it's not closed too early due to small retracements so potential profits can be missed, and also not closed too late so the already achieved profits get missed or even turn into losses.
To do this successfully, Pivot Trader PRO reduces the stop loss according to the price action changes and as the profits increase it then moves the stop loss within the profit range.
The robot includes a powerful money management system where the trader can simply put the comfortable risk % for him to let the system select the trade lot sizes. The lot sizes are then increased as the account grows in a rate consistent with the preset risk value.
It's carefully calculated keeping available margin in mind and considering simultaneous opened trades.
This is optional as the trade is still able to use fixed lots.
Triple Trade Verification
This is a 3-step verification system that filters out bad and false trade signals before they are effective:
This filter uses Oversold and overbought level measures to validate a trade, so that an overbought oscillator indicates a possible sell opportunity and an oversold oscillator indicates a possible buy opportunity. Every trade signal is subjected to this oscillator verification and the trade is skipped if there is signals mismatch.
This is internal switch to the daily timeframe to detect the overall trend direction and verify a detected signal so that if it's going up for a certain pair only buy signals are allowed on that pair and if it's going down for a certain pair, only sell signals are allowed on that pair too.
Taking an entry signal before the candle closes is unsafe, as the price action of a currency can trick the trader by touching a level or even going beyond it but quickly it relapses to where it was considered a bad signal.
Pivot Trader PRO verifies a signal by waiting for the candle to close before taking an action.
Multiple Pair Support
The robot was designed and optimized to effectively trade on 6 pairs; USD/CAD, USD/JPY, AUD/USD, NZD/USD, EUR/USD and EUR/GBP.
Market Type and Condition
The robot can safely trade using pivot levels in both a trending market and a sideways market regardless of that market condition. It may miss one or two points but they are taken into consideration.
A fully automated Forex robot, as its name suggests it trades pivot levels and its performance is like that of a professional trader.
Pivot levels are imaginary detectable landmarks on a chart that help to determine its support and resistance levels as the price action trends up and down.
USD/CAD, USD/JPY, AUD/USD, NZD/USD, EUR/USD, EUR/GBP