Modified Pivot Based Trading 1:1 risk reward ratio

1. Firstly calculate the pivot values by entering previous day high, low, close in the file attached here. Download the Pivot Trading.zip file and extract it and the open the file.

2. Now based on this values choose values of your type(either normal or fibonacci)

3. Now divide the day into six ranges
1. R3-R2
2. R2-R1
3. R1-Pivot
4. Pivot-S1
5. S1-S2
6. S2-S3

4. Look at the price of futures/stock/underlying/commodities/currency at 10:25-10:30 am half hour after market opens.

5. The price will fall in any 1 (out of 6) ranges mentioned above.

6. Each range has upper limit and lower limit.

7. We buy above upper limit and sell below lower limit keeping strict profit target of 0.5% and stoploss of 0.5%.

8. Lets say price is in the range R1-Pivot. So we buy above R1 and sell below pivot.

9. Now the day does not ends here.

10. One you enter trade, you will either make profit or stoploss will hit.

11. At whatever price the profit is boooked or stoploss is triggered now becomes the base price.

12. Now we put this base price in any one (out of 6) ranges.

13. In whatever range it falls, apply the same rule of buy above upper limit and sell below lower limit.

14. Process continues till 15 min before market closes.

The main idea behind this is we keep booking small profit or small loss.
So we do multiple trades in a day.