The Camarilla Pivot Point MT4 indicator is a true Pivot Point based buy and sell breakout trading system that works well.
It provides you with all kinds of entry points and profit targets based on the Camarilla Pivot Point.
This is a popular no-lag trading system based on pure price action.
Key Takeaways
- The indicator plots all entry and target levels on the chart.
- Easy to follow signals. You can use limit orders.
- Price is bullish above the pivot point while bearish below.
- Based on price action. No lagging signals.
- Works for currency pairs, Stocks, Indices, Commodities,..
Learn below how to open buy and sell trades with the Camarilla Pivot Point MT4 indicator.
Free Download
Download the “camarilla.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (AUD/USD H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Camarilla Pivot Point Price Action MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Enter a long trade when price touches the H4 long breakout price level from below.
Set stop loss 3 pips below support, or use your own favorite SL method.
Exit long trade whenever price touches the H5 LB profit target level, or deploy your own favorite take profit method.
Sell Trigger: Enter a short trade when price touches the H4 short breakout price level from above.
Set stop loss 3 pips above resistance, or use your own favorite SL method.
Exit short trade whenever price touches the H5 SB profit target level, or deploy your own favorite take profit method.
Download This Forex Indicator
Download the “camarilla.ex4” MT4 indicator
Adjustable Parameters & Settings
Alerts, pivot, fibs, support, resistance, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can be deployed as a standalone price action trading system or strategy.
It can also be combined with trend indicators (MA, EMA, Bollinger Bands,..), technical oscillators (RSI, MACD,..) and price action strategies.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: pivot point
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
