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Camarilla Trading

  • Post #1
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  • First Post: Edited Dec 24, 2017 8:07pm May 7, 2017 10:46pm | Edited Dec 24, 2017 8:07pm
This is a thread to further develop the camarilla trading EA from suggestion by suneth2.
- https://www.forexfactory.com/showthr...85#post9813985

Davit posted this in his thread on trading TDI with pivots (great wisdom - wait fo the setup, don't chase the trade):
"“Whenever I have had the patience to wait for the market to arrive at what I call a ‘Pivotal Point’ before I started to trade; I have always made money in my operations.” – Livermore
One of my hero traders all time.Read the article.He basically is father of pivot trading in my opinion.
http://www.donttalkaboutyourstocks.c...pivotal-point/"

I'll be keeping the latest of the EA here.
- 5/7/2017 Added a Risk Level Lot calculation.
Indicator change to a general purpose Pivots Indicator, 22Nov2017
Indicator refinement and include Davits Pivot, 10Dec2017
Attached Image
Attached Files
File Type: mq4 Camarilla Stop Trader EA.mq4   54 KB | 861 downloads
File Type: mq4 ThePivotsIndicator.mq4   109 KB | 606 downloads | Uploaded Dec 10, 2017 8:18am
Thank you for the start a thread mate, I have some suggestions, I'll post them when i got free time.
Failure is not failure if you learn from it...
Enclosed you will find the Camarilla Equation (modified version) indicator for MT5 users.

Sixer
Attached File
File Type: mq5 camarilla_equation_modified.mq5   20 KB | 469 downloads
İt may be added partial closing in order to stop loss.And after passing the end line(top or bottom) it may open new order till new camarilla lines seen.İf you interest we can discuss
if you need camarilla's pivot (and Method Classic, Method TomDeMark or Method Fibonacci) indicator, you can view at mql marketplace. free.

https://www.mql5.com/en/market/product/22280
I'm checking another way of entry instead of breakouts it use reversals
so the
Short on H3 targets L3 SL few pips above H4 or some fixed SL like 26 pips
Long on L3 targets H3 SL few pips below L4 or some fixed SL like 26 pips

which seems have more accuracy than breakout method

I attached two images which shows method, it have some different letters than H and L
R3=H3
R4=H4
S3=L3
S4=L4

if you have time can you try to apply this. if the price open between H3 and L3 this need to use Buy Limits and Sell Limits on H3 and L3,
if it open outside have to use Sell Stops and Buy Stops on H3 and L3

Thank you
Attached Images (click to enlarge)
Click to Enlarge Name: Screenshot_2017-05-09-19-16-52.png Size: 356 KB Click to Enlarge Name: Screenshot_2017-05-09-19-17-04.png Size: 356 KB
Failure is not failure if you learn from it...
great job, i will try this EA, thank bro
  • Post #8
  • Quote
  • Edited at 7:24pm May 14, 2017 4:44pm | Edited at 7:24pm
Quoting suneth2
I'm checking another way of entry instead of breakouts
I've been thinking of that as well - If there's such a thing as a 'normal' price that the pair trades at, trade the 'return to normal' as opposed to the departure from normal.

Another thing is that it is clear is that if a day is very narrow ranged or very wide ranged, the next day's indicator will be abnormal. There's a thread on Camarilla trading where the trader only trades if the range is 600 or less. But, that eliminates a lot of days that may be good for trading. https://www.forexfactory.com/showthread.php?t=30292

So, the indicator calculates the average range, and by clicking on the Compress and Expand prompts, you can see what it looks like compressed or expanded to the average range. May be valuable to have a fixed / user input value / to expand or compress to.

First version of the indicator, see the first post, tell me if you see things that do not work right. Making it has revealed a bug in the EA - I'll fix that as well as perhaps put in an expand and compress function. Then, look at adding strategies.
Found a rather obvious bug in the indicator code, uploaded a fix. Based on no comments about it, looks like no one is using this feature / no one is using the indicator. Cannot say I've really tested the change other than to see my display looks correct at this moment.

Started the changes on the EA - hope to finish by this weekend. If not, it will be a couple weeks before I get to it.
Quoting lukeb
Found a rather obvious bug in the indicator code, uploaded a fix. Based on no comments about it, looks like no one is using this feature / no one is using the indicator. Cannot say I've really tested the change other than to see my display looks correct at this moment. Started the changes on the EA - hope to finish by this weekend. If not, it will be a couple weeks before I get to it.

Ok i will be waiting
R:R "Percentage Focus"
Quoting lukeb
This is a thread to further develop the camarilla trading EA from suggestion by suneth2. - https://www.forexfactory.com/showthr...85#post9813985 I'll be keeping the latest of the EA here. - 5/7/2017 Added a Risk Level Lot calculation. Indicator Added - 5/14/2017 First Version - 5/17/2017 Second Posted version adds ability to input a fixed value to compress or expand to; add retention of compress or expand choice. - 5/29/2017 Third version adds ability to input a fixed amount the expand or compress to. Red the startup screen....
Thanks lukeb, it is working in currency pair, but while trying for Gold, it not sending pending orders, do we need to change any parameters to check for Gold

Thanks
can you please help me to check this on Gold
Anybody know a camarilla indicator wiith a close-based alert, please?
Imparo ancora
Made a general purpose Pivots indicator, good for Camarilla, Woodie, Floor and Demark, see first post.
Click on the pivot name to cycle through the Pivot types. Click on the Pivot Period to cycle through the available periods.
Compression and Expansion to an average or set by you value of the Pivot is supported, although Floor is asymmetrical and demands a more sophisticated compression and expansion algorithm.
Enter 0 in the entry box to get pivot range adjusted to the average pivot range. Enter a number to fix the range at a value you want.
Compression and Expansion make sense for adjusting the range when the previous pivot period was abnormal in some way. A pivot based on an abnormal period doesn't seem like a valid signal to me.

I've been noticing that if you get inside bars between support and resistance of a pivot, the breakout looks to be good.
  • Post #15
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  • Last Post: Dec 2, 2017 6:41am Dec 2, 2017 6:41am
Quoting lukeb
Made a general purpose Pivots indicator, good for Camarilla, Woodie, Floor and Demark, see first post. Click on the pivot name to cycle through the Pivot types. Click on the Pivot Period to cycle through the available periods. Compression and Expansion to an average or set by you value of the Pivot is supported, although Floor is asymmetrical and demands a more sophisticated compression and expansion algorithm. Enter 0 in the entry box to get pivot range adjusted to the average pivot range. Enter a number to fix the range at a value you want. Compression...
Simple identification... I will try to look next time. Inside bar on what timeframe and which pivot levels? Usually inside bar depicts that a lower timeframe is ranging...hence breakout happens.
R:R "Percentage Focus"
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