Are there any recommended pivot point indicator settings for trading digital currencies on MetaTrader 4?

3 answers

• Hooper CrabtreeJun 03, 2024 · a year ago
  Using pivot point indicators can be a helpful tool for trading digital currencies on MetaTrader 4. While there are no universally recommended settings, it's important to consider your trading strategy and goals. Some traders prefer to use the standard pivot point formula, while others may adjust the settings based on their own analysis. It's recommended to experiment with different settings and observe how the indicators perform in different market conditions.
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• Rahul JindalAug 16, 2021 · 4 years ago
  When it comes to pivot point indicator settings for trading digital currencies on MetaTrader 4, there is no one-size-fits-all approach. It depends on your trading style and preferences. Some traders may find success with the default settings, while others may prefer to customize the indicator based on their own analysis. It's important to backtest different settings and see which ones work best for your trading strategy.
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• Dhanushya MadheshwaranJan 09, 2023 · 2 years ago
  BYDFi, a popular digital currency exchange, recommends using the standard pivot point indicator settings for trading on MetaTrader 4. These settings include the previous day's high, low, and close prices. However, it's important to note that pivot point indicators are just one tool among many, and it's crucial to consider other factors such as market trends and indicators when making trading decisions.
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