Camarilla Pivot Forex Strategy

The Camarilla Pivot Forex strategy is designed to spot interesting levels where to position orders for an efficient market entry, easy taking of profits, or placing of stop-loss orders.

Moreover, our chart displays key levels of resistance and support that are critical for market entries and profit taking as well.

Basic rules permits us to buy or sell at the bottom or top of the big move respectively.

The levels that are attached to the Camarilla Pivot Forex strategy are traded in conjunction with a mix of other technical indicators for better performance.

Chart Setup

MetaTrader4 Indicators: camarilla.ex4 (Default Setting), fx-snipper.ex4 (Inputs Variable Modified; Rperiod=42), fxprime.ex4 (Default Setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week

Recommended Trading Sessions: Any

Currency Pairs: Any pair

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a bullish trade if the following indicator or chart pattern gets put on display:

  1. If price bounces off a likely bottom (as seen when the candlesticks bounces off a support level on the camarilla Metatrader 4 forex indicator on Fig. 1.0), it is indicative of an upward price pressure, hence a buy alert will suffice.
  2. If the medium sea green line of the fx-snipper custom indicator stay fairly below the price bars as seen on Fig. 1.0, the overall market sentiment is said to be bullish i.e. a trigger to go long on the designated forex pair.
  3. If the lime signal bars of the fxprime custom indicator pops up within the indicator window as shown on Fig. 1.0, price is said to be pressured higher i.e. a signal to buy the currency pair of interest.

Stop Loss for Buy Entry: Place stop loss below support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit from all trades if the following rules or conditions takes precedence:

  1. If the fx-snipper custom indicator line changes to red while a bullish signal is ongoing, a bearish reversal is said to be underway, thus a trigger to exit or take profit at once.
  2. If the fxprime custom indicator pops up a red signal bar while a bullish trend is running, then bull power is said to be losing steam, as such an exit or take profit will suffice.

Sell Entry Rules

Go short if the following setups gets displayed rightly on the activity chart:

  1. If price bounces off a likely top (as depicted when the price bars bounces off a resistance level on the camarilla custom indicator as exemplified on Fig. 1.1), it is indicative of a downward price pressure, hence a sell alert will do.
  2. If the red line of the fx-snipper custom indicator stay slightly above the candlesticks as illustrated on Fig. 1.1, the general market sentiment is said to be bearish i.e. a trigger to go short on the designated forex pair.
  3. If the red signal bars of the fxprime custom indicator pops up within the indicator window as displayed on Fig. 1.1, price is said to be pushed to the downside i.e. a trigger to sell the currency pair of focus.

Stop Loss for Sell Entry: Place stop loss above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If the fx-snipper custom indicator line reverts to medium sea green during a bearish signal, a bullish reversal is said to be underway, thus a trigger to exit or take profit forthwith.
  2. If the fxprime custom indicator pops up a lime signal bar while a bearish trend is ongoing, then bears power is said to be diminishing, as such an exit or take profit will do.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The Camarilla indicator is a pivot tool that plots accurate levels of support and resistance on the activity chart.

They could serve as potential entry or stop-loss levels.

Fx-sniper is a moving average type custom indicator that smoothens price and is used to spot market trend.

The fxprime custom indicator is a trend tool that blends the Relative Strength Index, Commodity Channel Index and Moving Average.

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