we will focusing only on EU and nothing else and since charts are immaterial , we can even have blank black screen .
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DislikedNo need to mix all these pivot up, see a yearly pivot might be flat , but a monthly can be strong, and at the same time a week pivot might be weak and the day might be flat .
so we should not mix all of these and confuse ourselves, each is different and ultimately we are going to trade using the daily pivot and not weekly or monthly or yearly , they are meant for guidance purpose . but they are very powerful and has a solid use.
suppose the yearly says we are going to crash down to 500 pips then you can be rest assured that the other pivot...Ignored
DislikedHello unimak,
many thanks for sharing.
but i will have to ask, how do we define a yearly pivot is flat?
when you say a monthly is strong, what do you mean? is it strongly bullish or strongly bearish?
Looking forward to learn more
best regards.
-guandiIgnored
Dislikedsimple based on the open it should identify the type of market . I am going slow as if i go fast then may be we will have to revisit back to explain things .
if you are comfortable then we can move fast.Ignored
DislikedJust for reference can we use the same numbers the EA is getting from my demo account shown below on the chart. I have drawn them in and markered the Daily Pivot, R1 and S1 and also todays Open. What do you want the EA to do next?
What would you have done at the open with these numbers or what would you have waited for to happen before going any further?
Your above R1 and also above the Pivot.
What would have the EA triggered on to make a purchase?
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Dislikedok now i understand your problem , as each broker is different we will have a different pivot for each broker, so if you are using the this particular broker for demo purpose then we use only this broker in future .
ok so i have see you have clearly marked the open r1 s1 and pv as straight line in chart .
so at the open that figure we need to compare with the figure of s1 pv and r1 . so in this case the open is high than the r1 , under no circumstances the EA will move out of this band of R1 S1 and PV adjustment, even when the open is way...Ignored
DislikedCan you put together a list of the logical steps you want the EA to perform, so far we have the firt step. Also if there are any paces where the user must intervene in this sequence list those also.
1) Calculate Daily, Weekly, Monthly, Yearly Pivots, R1, and S1.
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etc.Ignored
Dislikedtime will be as per your broker , whenever your broker gives you a new day , you are on .Ignored
DislikedCan you put together a list of the logical steps you want the EA to perform, so far we have the firt step. Also if there are any paces where the user must intervene in this sequence list those also.
1) Calculate Daily, Weekly, Monthly, Yearly Pivots, R1, and S1.
2) First day of the month week or year is the time when one sets the pivot, once it is set it remains valid for the time period set , and daily is set daily . now the next step is at the open as the case may be we calculate the pivot and also catch the type of...Ignored
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Take a look at the chart below, is this correct or what should be the area for the Normal, weak buy, strong buy, weak sell, strong sell.
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Disliked
Take a look at the chart below, is this correct or what should be the area for the Normal, weak buy, strong buy, weak sell, strong sell.
AttachmentIgnored