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Pivot Trading

  • #15,221
  • Feb 8, 2018 2:28pm Feb 8, 2018 2:28pm
This is truly a fantastic system and to give back, here is something that might be of some use to the fellow pivoteers.
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File Type: ex4 AutoScaler.v2.0.ex4   13 KB | 657 downloads
  • #15,222
  • Feb 8, 2018 2:30pm Feb 8, 2018 2:30pm
Quoting fantasydank
This is truly a fantastic system and to give back, here is something that might be of some use to the fellow pivoteers. {file}
Hi, thanks

What does this EA (I presume it's an EA) do?
  • #15,223
  • Feb 8, 2018 2:44pm Feb 8, 2018 2:44pm
Quoting pgr45za
{quote} Hi, thanks What does this EA (I presume it's an EA) do?
The EA will open basket orders in the direction of your trades.
  • #15,224
  • Feb 8, 2018 3:29pm Feb 8, 2018 3:29pm
Quoting fantasydank
{quote} The EA will open basket orders in the direction of your trades.
Thanks. A question: Is scaling in (averaging up, in the sense that you enter more trades as the trade goes your way and produces profit) better than averaging down (like a grid that enters more trades when the trade goes against you)?

Both can have a pip distance that is equal, just looking to gather your opinion on this.
  • #15,225
  • Feb 8, 2018 4:03pm Feb 8, 2018 4:03pm
Quoting pgr45za
{quote} Thanks. A question: Is scaling in (averaging up, in the sense that you enter more trades as the trade goes your way and produces profit) better than averaging down (like a grid that enters more trades when the trade goes against you)? Both can have a pip distance that is equal, just looking to gather your opinion on this.
In my opinion, if you are able to make good entries its better to scale in with price movement than against price movement like say if something unexpected happens in the news and the price immediately goes against you opening all the trades on the way up creating more DD.

Thought I'd share this one because most EAs that add to positions use a pyramid type grid that opens trades against your initial trade.

Hope I explained this clearly
  • #15,226
  • Feb 8, 2018 4:38pm Feb 8, 2018 4:38pm
I prefer to open my trades manually as I'm asleep during most of the USA/London sessions
I'm in Australia
I will get my head around this, but always can be wrong
  • #15,227
  • Feb 8, 2018 4:50pm Feb 8, 2018 4:50pm
Quoting fantasydank
{quote} In my opinion, if you are able to make good entries its better to scale in with price movement than against price movement like say if something unexpected happens in the news and the price immediately goes against you opening all the trades on the way up creating more DD. Thought I'd share this one because most EAs that add to positions use a pyramid type grid that opens trades against your initial trade. Hope I explained this clearly
You were very clear.

Thanks. You did all pivoters here a great service with your posts.
  • #15,228
  • Feb 8, 2018 5:11pm Feb 8, 2018 5:11pm
Reduced my position before news and thankfully walked away with some more green pips Not a whole load as some of the greats on this thread but I'm happy with that. Still a lot to learn green pips all!!!
Attached Image (click to enlarge)
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  • #15,229
  • Feb 8, 2018 10:35pm Feb 8, 2018 10:35pm
Time to close Eurjpy ..
I am late should have done it before but was asleep _
this was a forgotten opened trade, should have gradually built up more entries after the Pivot,,
but now it's past and i learn from my mistakes_
Attached Image (click to enlarge)
Click to Enlarge Name: EJpy.jpg Size: 184 KB
The arriving better than the arrival, the journey has just started
  • #15,230
  • Feb 9, 2018 12:10am Feb 9, 2018 12:10am
Inserted Video

Sarina Cross - ''Paul Baghdadlian Medley''
In trading, you have to be defensive and aggressive at the same time
  • #15,231
  • Feb 9, 2018 1:33am Feb 9, 2018 1:33am
I have save this so I can play it when I need to kick start my old heart of a morning..She will beat my morning cup of Caffiene any day.
Have a great weekend.
Young Ron









Quoting Davit
https://www.youtube.com/watch?v=T6_6JzvA5ek Sarina Cross - ''Paul Baghdadlian Medley''
Ronnie Renko
  • #15,232
  • Feb 9, 2018 1:58am Feb 9, 2018 1:58am
AJ TP reached +220 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 47 KB
The only thing that will make us successful is if we can control ourselves!
  • #15,233
  • Feb 9, 2018 3:35am Feb 9, 2018 3:35am
<EA> ... wonder if today it is gonna break that thick cloud _
Looks like huge battle taking place there
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Click to Enlarge Name: euraud.jpg Size: 221 KB
The arriving better than the arrival, the journey has just started
  • #15,234
  • Edited 5:52am Feb 9, 2018 5:27am | Edited 5:52am
looks like the same on a couple of pairs(perhaps I've overstretched)
holding CJ, AE, AN and AJ over a few A/cs
I think a lesson to be learnt here (holding ATM with margin (thanks to lessons learnt here)
thankyou Davit for the warning on USD crosses yesterday as I wasn't even aware of the shutdown possibility (I'd read a bill had been passed yesterday am (Australia))
Back to I will eventually get my head around this and a work in progress
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 32 KB

only because the AJ I'm printing as a lesson either way
ps to all those new traders put your screen time in,
try a method till it makes sense;
because it took me 4 methods until this one
and I know there are lessons here
and it may be my holy grail (6yrs after I started)
pps PSYCHOLOGY is more important (see comment on AJ)
I will get my head around this, but always can be wrong
  • #15,235
  • Feb 9, 2018 5:45am Feb 9, 2018 5:45am
Quoting pabuuu
AJ TP reached +220 pips {image}
Banked a little on AJ, headed south again, maybe provide more opportunity..
  • #15,236
  • Feb 9, 2018 6:02am Feb 9, 2018 6:02am
EA, close now partials, and rest BE+2
Attached Image (click to enlarge)
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  • #15,237
  • Feb 9, 2018 6:04am Feb 9, 2018 6:04am
Quoting fibo38
EA, close now partials, and rest BE+2 {image}

good job! well deserved
The only thing that will make us successful is if we can control ourselves!
  • #15,238
  • Feb 9, 2018 6:38am Feb 9, 2018 6:38am
Quoting Davit
https://www.youtube.com/watch?v=T6_6JzvA5ek Sarina Cross - ''Paul Baghdadlian Medley''
I have no idea what she was saying, could not of enjoyed it more, thanks for sharing...
  • #15,239
  • Feb 9, 2018 7:50am Feb 9, 2018 7:50am
Was 2 min too late in the house to sit through CAD news but well, tough life. EA late entry, still squeezed +176 pips. All for the week, enjoy and have a good one
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 45 KB
The only thing that will make us successful is if we can control ourselves!
  • #15,240
  • Feb 9, 2018 8:30am Feb 9, 2018 8:30am
A little (BIG) nugget I picked up from one of Davits post this morning "Never assume what price may do without it doing it 1st This part is the heart of trading. We watch 1st then take action."
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