I just wish to thank you all for your contributions & systems. However, to date, so many systems have been very counter productive due confusion.
I am now using the 5 min Intraday system & Bagovino, & Daily Fozzy for position trades.
There is one common thread I use on all systems, & that is weekly pivots. They are very powerfull. Price respects them. Monthly, even more powerfull. Tonight I picked up 30 pips on the cable. I did a sell stop just below weekly S1, TP just above weekly M2. Bring up weekly's on any chart, see for yourself,how price respects them.There are too many variations on daily pivots, based on Midnight GMT, NY Times, etc.
I Use weekly's with any system I choose as pivots are Foreward looking indicators, not lagging like MA's, etc.
Attached is MQ4 File for different pivot levels, you choose what you wish to overlay your charts with.
The MQ4 I am attaching gives 4hr, Daily, weekly & monthly pivots. When you open the indicator, go to inputs & select "true" the pivots you want, "false the pivots you don't want.
Enjoy,
Bazza
I am now using the 5 min Intraday system & Bagovino, & Daily Fozzy for position trades.
There is one common thread I use on all systems, & that is weekly pivots. They are very powerfull. Price respects them. Monthly, even more powerfull. Tonight I picked up 30 pips on the cable. I did a sell stop just below weekly S1, TP just above weekly M2. Bring up weekly's on any chart, see for yourself,how price respects them.There are too many variations on daily pivots, based on Midnight GMT, NY Times, etc.
I Use weekly's with any system I choose as pivots are Foreward looking indicators, not lagging like MA's, etc.
Attached is MQ4 File for different pivot levels, you choose what you wish to overlay your charts with.
The MQ4 I am attaching gives 4hr, Daily, weekly & monthly pivots. When you open the indicator, go to inputs & select "true" the pivots you want, "false the pivots you don't want.
Enjoy,
Bazza
Attached File(s)
PivotCustom_4TimeFrames.mq4
45 KB
|
4,749 downloads