The Only Pivot - page 47

[stevenali]

yeah

this thread is getting quite now

because it's too simple or not profitable

can you all share your experience using this methode at demo or live account

please?

[et_phonehome_2]

stevenali

Do you wait for the candle to close above/below the line before entering at the start of a new day?

[ssotiro]

stevenali:
yeah

this thread is getting quite now

because it's too simple or not profitable

can you all share your experience using this methode at demo or live account

please?

You are right.Such an easy to follow and profitable method should see more postings.

This is how E/J looked this morning. I cought the first break from the open line to the first pivot.

Had I not cought it, would the 2SMA crossing of the next pivot be a "textbook" entry?

[Linuxser]

[ssotiro]

You are right.

I have been only using it for a couple of weeks.So far so good.

[ashrafnajo]

Thank you

Thank you steven for your comment>

[automatedtrader]

backtesting is NOT a way of showing profitabilitly nor are EA's what anything did in the past has no bearing on how YOU are going to trade ''ie being there to make the trades/stops ect ect..... Trade it Live and Trade.. Ride your winners and Cut your losses... I dont even trade this system but i can see how it would work for an experienced patient live trader who knows how to trade..

P.S TRADE TRADE TRADE...

[masa9390]

stevenali:
i know this is to soon to post,

but i hope you all can fell how excited me about EA made by our friend, MASSA

the good point is this EA ENTRY RIGHT AT the TIME

and it prove this methode is good for TRENDING PAIRS

i hope you all will share idea to avoid big DD and make this EA will be profitable in LONG TERM

i was thinking about it...

1. this EA should open 3 Position at a time

2. if you use 1 standard lot, so it could be 0,3 lot each

3. 1 position follow cut and reverse style (LET it RIDE)

4. 1 position should grap pips by using tp 50pips at GBPJPY and EURJPY

5. 1 position using trailing stops about 50 pips. IMHO in GBPUSD

6. LESS LOTS = LESS RISK = LESS PROFIT?... we can add MM, it will increase lot as our equity rise and vicaversa

sure you can chose your tp, trailing, it's all up to you

try to backtest that EA and look at VISUAL MODE.. i believe you will understand what i mean.. and do't forget, load this methode template file

btw... still using interbankfx

Now I back.

I make two EAs, as following

>4. 1 position should grap pips by using tp 50pips at GBPJPY and EURJPY

--> OnlyPivot_A_Rev1.mq4

>5. 1 position using trailing stops about 50 pips.

--> OnlyPivot_B_Rev1.mq4

>3. 1 position follow cut and reverse style

(--> This is same as the first EA,that i made.)

By backtest,Both EA shows a good performance in this month.

But these are unsuitable for a long term.

We have to be decided. trend or range, before entry.

[et_phonehome_2]

masa9390

You are checking the 1HR TF, can you modify it to allow one to specify any timeframe? It will give one more flexibility to test on a TF which may be more suitable.

Determing whether the pair is range bound or trending is somewhat hard, but maybe you want to add the following:

(1) check ADX along with DI-/DI+ for a value specifiable via input parameters.

(2) or use a simple moving average

[masa9390]

schoe:
Masa, Please can you insert a trailing stop function and stop to break even?

I've just starting trialing this I assume it is always in the market and reverses if the moving average crosses the pivot?

Thanks

Hi I just up EA with TS function. but not with break even function.

Because break even may not work well by my observation,

The best method(only case of this Aug.) was TakeP 50pips method.

masa9390