The Waddah Attar Camarilla indicator for MT4 is a modified version of the classic Pivot Points technical indicator.
Camarilla Pivot Points were introduced by Nick Scott in 1989 and use the previous day’s high, close, and low price in their calculations.
Camarilla Pivot Points are versatile and can be used for trade entry, stop loss, and take profit.
Key Points
- Modified Pivot Points indicator
- Versatile technical tool
- Based on price action
- Works on any time frame
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a simple trend confirmation technical tool.
Free Download
Download the “Waddah_Attar_Dayly_CAMARILLA.mq4” MT4 indicator
Trading Chart
The EUR/USD 1-hour chart below shows the Waddah Attar Camarilla Forex indicator in action.
Simple Trading Signals
Signals from the Waddah Attar Camarilla indicator for Metatrader 4 are easy to interpret and work as follows:
BUY:
- Open a buy order when the price goes back above support L3 after going below support L3.
- Place a stop loss just below L4.
- Preferred profit target for buy trades: H1, H2, and H3 price levels.
SELL:
- Open a sell order when the price moves above H3 and then falls back below H3.
- Place a stop loss just above H4.
- Preferred profit target for sell trades: L1, L2, and L3 price levels.
Download Now
Download the “Waddah_Attar_Dayly_CAMARILLA.mq4” MT4 indicator
Super Camarilla Pivot Points MT4 Trading Strategy
This strategy merges the directional signals from the Cougar Forex Indicator with the intraday precision levels from the Waddah Attar Camarilla Pivot Points Indicator.
It is highly effective on M30 to H1 charts for day trading and session scalping.
Indicators Used
- Cougar Forex Indicator: Generates filtered buy/sell signals based on a proprietary trend and volatility model to reduce false entries.
- Waddah Attar Camarilla Pivot Points: Plots Camarilla pivot levels (L3, L4, H3, H4), which act as precise support/resistance zones for reversals or breakouts.
Buy Trade Setup
- Wait for a buy signal from the Cougar Forex Indicator (arrow or alert).
- Check if the price is currently above the L3 level or breaking above the H3 level from the Camarilla Pivot Points indicator.
- Optionally, price should be showing bullish behavior around L3 (support bounce) or a clean breakout from H3.
- Enter a buy trade on the confirmation candle close.
- Set stop loss below L3 or below the most recent swing low.
- Set the take profit near the H4 level or use a 1:2 risk-reward ratio.
Sell Trade Setup
- Wait for a sell signal from the Cougar Forex Indicator.
- Confirm that the price is trading below the H3 level, or rejecting it strongly, or breaking down below L3.
- Enter a sell trade after confirmation from price action (e.g., bearish engulfing or strong rejection wick).
- Place a stop loss above H3 or the recent swing high.
- Target take profit near the L4 level or apply a 1:2 risk-reward setup.
Strategy Tips
- Use this strategy during the London and New York trading sessions for the best volatility and pivot respect.
- Avoid entries when price is consolidating between H3 and L3 with no clear Cougar signal.
- Look for confluence between Cougar signals and Camarilla pivots to filter out noise and false breakouts.
With reliable trend signals from the Cougar Forex Indicator and precision intraday levels from the Waddah Attar Camarilla Pivot Points, this strategy is a powerful combination for traders seeking accurate, rule-based trade setups.
Adjustable Parameters & Settings
Colors
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: pivot points
How to install the Waddah Attar Camarilla indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_Dayly_CAMARILLA.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
