Forex Germany

Expert Advisors - Pivot Trader Pro

Pivot Trader Pro is a mid-term oriented Expert Advisor that can hold open positions for several days, weeks or even months.

It should be noted that the EA doesn't trade on its own, but rather copies all trades from the vendor's main account. As a consequence broker selection and price feed are less important.

The trading strategy is based on pivot points which are used to identify critical support and resistance levels to trade reversals within the current price range.

All trading signals are filtered and verified before trades are opened. Trades are only allowed in the direction of the daily trend and oscillator filters have to confirm and overbought or oversold market.

Pivot Trader Pro provides a money management as well as the option to trade with a fixed lot size. There are no other parameters that are relevant for the trading strategy, however, the trade copier software comes with a wide set of options to modify when and how trades are copied.

The vendor's risk recommendation seems to be a bit high and users might want to reduce the risk depending on the account balance. Furthermore, it should be taken into account that based on available forward trading data the strategy doesn't use any real stop loss limits, but keeps trades open until they finally reach break even.

Trading strategy

Reversal strategy

Currency pairs

EUR/USD, EUR/GBP, USD/JPY, USD/CAD, AUD/USD, NZD/USD

Chart

H1

Trading hours

All sessions.
00:00 - 24:00 GMT

Price

USD 799 | USD 347 in three monthly instalments.
Payment through ClickBetter.

Return policy

The developer grants an unrestricted right to return within 60 days of purchase which will be paid back through ClickBetter.

Licence

The licence is valid for one live or demo account and includes support and upgrades. The licence can be managed in the members area of the developer's website.

Manual

A 9-pages manual explains the installation and set up of Pivot Trader Pro as well as the most important input parameters. Most of the other trade copier settings are not covered.

Links

Pivot Trader Pro Homepage

Live performance

The performance of Pivot Trader Pro is demonstrated, as follows, on an exclusive FinFX Live account as well as on a live account of the developers.




Backtesting

As this is a trade copier backtesting is not possible.

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