Camarilla Pivot Points for MetaTrader4 – download
In this section you can download Camarilla Pivot Points for MetaTrader:
Camarilla Pivot Points are interesting alternative for normal Pivot lines. They are mostly used by daytraders
About Camarilla Pivot Points
Similar to normal pivot points, but it is more ready trading system. Created by trader Nick Stott in the end of 80’s it still being used by many traders.
We have lines:
H5 – long breakout target H4 – long breakout
H3 – Short Pivot
L3 – Long
L4 – short breakout
L5 – short breakout target
So same as with pivot points, there is a middle line – pivot.
There are few strategies, based on that when a price was in the start of the trading day (London session). You should ream more about them to understand this approach to trading with Camarilla Pivot lines.
In Metatrader4 open File menu (left top) and select Open Data Folder. You should see a new window with MT4 folders and files. Something similar to the screen below:
Go to unzipped folder. Move content from MQL4/Indicators to the same folder in MT4 window.
Do the same with templates. Go to the Templates folder and copy content to the same folder in MT4 window.
Questions? Leave a comment and I will try to help you.