The Fox Pivot indicator for mt4 (Metatrader 4) is a Forex channel-based buy/sell signal oscillator based on the Fox pivot.
The indicator pops up in a separate MT4 chart window as a signal line channel.
Fox Pivot can be traded in various ways.
Buy & Sell Trade Example
- Open a buy position if both signal lines cross the middle pivot dotted line bottom-up.
- Open a sell position if both signal lines cross the middle pivot dotted line top-down.
The Fox Pivot indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “foxpivot-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Fox Pivot mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Fox Pivot indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Pivot
Does the indicator repaint? No.
Fox Pivot and Zero Lag Moving Average MT4 Scalping Strategy
This scalping strategy combines the dynamic Fox Pivot Indicator for MT4 with the fast-reacting Zero Lag Moving Average Indicator for MT4.
Together, they provide high-probability entry points with minimal lag, making it ideal for intraday traders who focus on quick price movements on M1, M5, and M15 timeframes.
The Fox Pivot identifies strong momentum shifts, while the Zero Lag MA confirms trend direction with reduced delay.
Buy Entry Rules
- Wait for both the blue and red Fox Pivot lines to cross above the zero line to confirm bullish momentum.
- Ensure price is trading above the Zero Lag Moving Average line to confirm a bullish bias.
- Enter a buy position once both conditions are met.
- Place a stop loss 8–12 pips below the recent swing low.
- Set your take profit at 15–25 pips depending on volatility.
Sell Entry Rules
- Wait for both the blue and red Fox Pivot lines to cross below the zero line to confirm bearish momentum.
- Ensure price is trading below the Zero Lag Moving Average line to confirm a bearish bias.
- Enter a sell position once both conditions are met.
- Place a stop loss 8–12 pips above the recent swing high.
- Set your take profit at 15–25 pips depending on volatility.
Advantages
- Combines two powerful indicators for higher accuracy.
- Reduces lag compared to traditional moving averages.
- Works well on multiple intraday timeframes.
- Clear and easy-to-follow entry and exit rules.
Drawbacks
- Requires strict stop loss management to avoid large drawdowns.
- Performance can vary between currency pairs depending on spread and volatility.
Case Study 1: USD/CHF M5
On USD/CHF M5, both Fox Pivot lines crossed above the zero line during a European session breakout.
At the same time, price was trading above the Zero Lag MA.
A long position was opened at 0.9035 with a 10-pip stop loss.
The trade quickly moved in favor, hitting a 22-pip take profit at 0.9057 within 20 minutes.
Case Study 2: AUD/USD M5
During the Asian session, both Fox Pivot lines crossed below the zero line on AUD/USD, while the price was also below the Zero Lag MA.
A short was entered at 0.6450 with a 10-pip stop loss.
Momentum accelerated, and the position reached a 20-pip take profit at 0.6430 in under 15 minutes.
Strategy Tips
- Stick to high liquidity sessions like London or New York for tighter spreads.
- Wait for both conditions to align to avoid premature entries.
- Consider trailing stops to lock in profits when volatility is high.
- Avoid trading major news releases to reduce whipsaw risk.
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Download the “foxpivot-indicator.mq4” indicator for Metatrader 4
