Description

Daily Pivot Point Bounce EA

Short Tagline: An intraday strategy built on classic floor-trader pivot points (PP, R1-R3, S1-S3).

Short Description:
Daily Pivot Point Bounce EA is a fully automated intraday reversal / level-based. Expert Advisor for MT4 and MT5. An intraday strategy built on classic floor-trader pivot points (PP, R1-R3, S1-S3). Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

An intraday strategy built on classic floor-trader pivot points (PP, R1-R3, S1-S3). It fades bounces at pivot levels in ranging conditions and trades breaks of pivots in trending conditions, using these widely-watched reference levels as decision points.

Features

• Daily pivot points (PP, S1-S3, R1-R3)
• ADX(14) for regime (range vs trend)
• RSI(14) for bounce confirmation
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Range mode (ADX < 20): Long on a bounce at S1/S2 with RSI 65.

• Trend mode (ADX > 25): Long on a clean break and hold above R1 (continuation); short below S1.

Exit logic: – Range: exit at the next pivot toward PP/opposite level. Trend: exit at the next pivot extension. Flat by session close.

Stop-loss: SL just beyond the pivot being traded (below S-level for longs) plus a buffer.

Take-profit: TP at the next pivot level; scale at PP for range trades.

Trailing stop: Trail pivot-to-pivot in trend mode.

Break-even: Break-even after reaching the halfway point to the next pivot.

Why it works: Uses levels the whole market watches.; Dual-mode adapts to regime..

Recommended Settings

• Timeframes: M15, M30, H1.
• Instruments: EURUSD, GBPUSD, USDJPY, US30, NAS100.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 0.75% per trade. Max 2 open. Flat before daily close.

Supported Markets

Index CFDs and liquid forex.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: Trade the primary session for the instrument; pivots reset daily.
• Spread filter: Reject if spread > 1.5 index points / 1.5 pips FX.
• News filter: Avoid entries 10 minutes around high-impact news.
• Volatility filter: Require a minimum daily range so pivot spacing is tradable.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: M15, M30, H1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.