Echo Pivot System – User Guide
Overview
The Echo Pivot System EA is an automated trading system for MT5 that combines Pivot
Points, MACD, and Stochastic Oscillator to identify high-probability trade setups.
• Pivot Points define market structure and support/resistance.
• MACD confirms momentum direction.
• Stochastic validates overbought/oversold zones.
This combination aims to capture trend continuation and reversal trades around pivot levels.
Entry Logic
Buy Entry (Long Position):
• Price is above the Daily Pivot.
• MACD main line is above the signal line.
• Stochastic main line is below 30 (oversold).
Sell Entry (Short Position):
• Price is below the Daily Pivot.
• MACD main line is below the signal line.
• Stochastic main line is above 70 (overbought).
Exit Logic
• Stop Loss (SL): fixed distance in points (user-defined).
• Take Profit (TP): fixed distance in points (user-defined).
• Only one open trade per symbol at a time.
Recommended Settings
• Timeframe: M15 – H1 (scalping and intraday work best).
• Pairs: EURUSD, GBPUSD, XAUUSD (liquid pairs with clean pivots).
• StopLoss/TakeProfit: Adjust per instrument volatility. Example:
o EURUSD (M15): SL = 200 points, TP = 400 pointso XAUUSD (H1): SL = 500 points, TP = 1000 points