Waynes Pivots Bulls BT Indicator V1.0 (MT4/MQ4) — A Practical Guide to Pivots That Actually Make Sense


If you’ve ever stared at a chart thinking, “Where does price even care?”—pivot points are your shortcut. Waynes Pivots Bulls BT Indicator V1.0 (MT4/MQ4) is designed to draw those high-probability “care zones” automatically: daily/weekly pivots, supports (S1–S3) and resistances (R1–R3). The “Bulls BT” logic adds a clean rule-of-thumb: look for bullish breaks and retests of pivot levels—so you’re not guessing entries in the middle of nowhere.


This post walks you through what the indicator does, how to set it up, and a straightforward way to trade it—even if you’re pretty new. No fluff; just stuff you can use today.


What Is Waynes Pivots Bulls BT?


At its core, it’s a pivot point mapping tool that:



  • Calculates pivots from prior session data,

  • Plots Pivot (P), R1–R3 and S1–S3,

  • Highlights bullish “break & test” (BT) opportunities—i.e., price breaks above a level, then tests it as support.


Why pivots? Coz institutions and intraday traders have looked at them for decades. That doesn’t make them magic—but they’re objective, repeatable, and surprisingly good at spotting reaction zones where order flow tends to cluster.



Who Is It For?



  • Scalpers & Day Traders: You’ll love M5–H1 for tight, rule-based setups.

  • Swing Traders: H4/D1 pivots help you pick cleaner levels so you’re not buying into obvious resistance.

  • Manual System Traders: If you want a visual, non-lagging map instead of chasing indicators that repaint or overfit, this is your jam.



Pro tip: Start on M15 or M30 while you learn the levels. H1 for confirmation; H4 to see the bigger story.



Key Features (at a glance)



  • Auto Pivots (Daily/Weekly) — No manual math; the lines redraw each session.

  • Bulls BT Overlay — Simple visual logic for break-and-retest longs.

  • Multi-Timeframe Context — Use H4/D1 pivots while trading M15/H1.

  • Mid-Pivots (optional) — Finer reaction zones between S/R levels.

  • Alert Suite — Get notified on level touch, break, or retest (popup/push/email as your MT4 allows).

  • Session Filters — Focus on London/NY when liquidity and follow-through are better.

  • Clutter-Free Styling — Toggle labels, thickness, and colors so the chart stays readable.

  • Works on Anything Liquid — Majors, Gold, and liquid crosses; indices and oil if your broker maps them well.

  • Light on CPU — No heavy loops; smooth on several charts at once.

  • Beginner-Friendly Defaults — Plug and trade (after some demo practice, ofc).


How It Works (The Simple Playbook)


Bulls BT = Break + Test.



  1. Identify Bias: If price is above Pivot (P), bias is usually bullish for the day; below P leans bearish.

  2. The Trigger: Wait for a clean break above P or R1 (candle body close beyond the line).

  3. The Test: Price revisits the broken level from above; you want to see it hold as support.

  4. Entry: On the first bullish candle after the retest, enter long.

  5. Invalidation: Stop-loss a bit below the tested line (P or R1), or below the prior swing low.

  6. Targets: Next pivot in the ladder (e.g., from P → R1 → R2 → R3). Trail if momentum’s strong.


This is classic, rules-based price action wrapped around levels that a lot of traders actually watch. It’s not flashy, but it’s cleaner than guessing.


Best Time Frames & Pairs (Why These)



  • Time Frames:



  1. M15/M30/H1 for intraday clarity; M5 if spreads are tiny and fills are good.

  2. H4/D1 for swing context and weekly planning.



  • Pairs:



  1. Majors (EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD, EURJPY) — tight spreads, consistent liquidity.

  2. XAUUSD (Gold) — great range, but respect volatility.

  3. If you’re new, stick to EURUSD and GBPUSD before exploring exotics.


Setup & Installation (MT4 / MQ4)



  1. Download the indicator file (.mq4 or .ex4).

  2. In MT4, go File → Open Data Folder → MQL4 → Indicators.

  3. Paste the file there.

  4. Restart MT4 (or right-click Indicators → Refresh).

  5. In Navigator, drag Waynes Pivots Bulls BT onto your chart.

  6. In Inputs, keep defaults for day one; switch on alerts if you want.

  7. In Colors, match your theme so pivots stand out (don’t overdo it).



If you use weekly pivots: enable them, then zoom out for structure. Daily pivots guide the active session; weekly pivots mark the “bigger fences.”



Recommended Settings (Starter Pack)



  • Pivot Type: Standard (Classic) for predictable spacing.

  • Show Mid-Pivots: On for scalping; Off if you get overwhelmed.

  • Timeframe Source: Current TF for intraday; HTF pivots (e.g., D1 on an H1 chart) if you want stronger levels.

  • Alerts:



  1. Break Above P/R1: On

  2. Retest of Broken Level: On

  3. Retest Confirmation (candle close): On



  • Session Filter: Focus London + first half of NY for cleaner follow-through.



Risk Management & Sizing



  • Minimum / Recommended deposit: $100 for testing and micro-lot sizing.

  • Risk per trade: 0.5%–1.5% (keep it small while you learn).

  • Stops: Place beyond the retested level or recent swing; don’t suffocate the trade.

  • Targets: Next pivot level; partials at R1/R2 on longs (or S1/S2 on shorts).

  • News: If high-impact news is due, either reduce size or skip.



Golden rule: You won’t win by predicting. You’ll win by reacting to what price does at objective levels and keeping losers small.



Example Trade Idea (Long)



  • Bias: Price opens above Pivot (P); bullish day favored.

  • Event: A candle closes above R1 (break).

  • Test: Price dips, taps R1 from above, wicks, then prints a small bullish candle.

  • Entry: Market buy on that bullish candle close.

  • Stop: A little below that retest low or just under R1.

  • TP1: R2; TP2: trail toward R3 if momentum persists.


Mirror everything for shorts (below P; breaks and retests of S1/S2).


Practical Tips (from traders who actually use pivots)



  • One market at a time. Master two pairs before adding more.

  • Don’t chase after a break—wait for the test. The retest gives you a defined risk.

  • If the level doesn’t hold on retest, that’s data, not a loss to “win back.” Move on.

  • Journal the screenshots: mark the break, the test, your entry/exit, and any news around the time. Patterns will jump out after a week or two.


Final Word


Waynes Pivots Bulls BT Indicator V1.0 is a no-nonsense tool. It won’t predict the future—nothing does—but it will clarify where the game is being played and when the odds might lean your way. Use objective levels, wait for clean retests, and keep risk per trade small. You’ll feel less stressed, and your charts will finally “click.”


Trade safe, and go slow at first—seriously. Demo it, then go small. You’ll thank yourself next month.


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Happy Trading