Pivot Trading EA | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading EA
Exit Attachments

Pivot Trading EA

  • #321
  • Jun 12, 2018 10:56am Jun 12, 2018 10:56am
Quoting akangaziz
EURJPY at R38. easy profit. {image} {image} I'm thinking about using real account once v0.5 reach 100% profit, for all trader who want to trade in real account, you start it this month. I will release & allow you to trade in real account. I have some notes for enhancement in next version. Yes, the historical result will not guarantee the future, I know it. trade at your own risk.
Great to hear. Maybe you can explore MQLLock option to protect your EA. That should help with the privacy issue regarding collection of personal data.
Simplicity Is The Ultimate Sophistication!
  • #322
  • Jun 12, 2018 11:05am Jun 12, 2018 11:05am
testing

at the end of the week i will post results

currently going on EU UC UJ AU

note that im gona leave the EA working on the forecoming red news as well.

if it goes well maybe i will gona put on a 50EUR real account in 2 weeks
  • #323
  • Jun 12, 2018 11:13am Jun 12, 2018 11:13am
Quoting akangaziz
v0.5 aggressive but still at acceptable DD. pls note that 6% DD is because of bugs in v0.5 (open trade in main pivot line, already fixed it in v0.51, but I reduce the aggressivity in v0.51. no worry, I will take it back to the new version - v0.52) result so far for 14 days: 70% profit, 8000 pips, 811 trades. {image} {image}
So, you will combine the v.050 with 0.51 and fix all the bugs into v52, am I right ?
There will be great then..
And another questions.
Does your EA have no SL ?
If so, how do you manage the risk ?
I am afraid of this EA will ended with a margin call.
What pairs do you recommend to trade with ?

Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #324
  • Jun 12, 2018 11:20am Jun 12, 2018 11:20am
How about adding an input for "profit in percentage to close all trades" instead of profit in pips? I would think that most people have a target percent per day or per week in mind when trading instead of how many pips they can make. Increasing your bankroll according to % is what counts most. BTW.....GREAT EA!!
  • #325
  • Jun 12, 2018 11:27am Jun 12, 2018 11:27am
Quoting akangaziz
v0.5 aggressive but still at acceptable DD. pls note that 6% DD is because of bugs in v0.5 (open trade in main pivot line, already fixed it in v0.51, but I reduce the aggressivity in v0.51. no worry, I will take it back to the new version - v0.52) result so far for 14 days: 70% profit, 8000 pips, 811 trades. {image} {image}
once this ea is forward tested enough we will find out what is an acceptable DD% is compared to the strike rate. With 70% in 2 weeks.....6% is NOTHING.
  • #326
  • Jun 12, 2018 11:35am Jun 12, 2018 11:35am
Quoting bojack34
{quote} once this ea is forward tested enough we will find out what is an acceptable DD% is compared to the strike rate. With 70% in 2 weeks.....6% is NOTHING.
yes, for me. it's still not proven to handle big pips movement or very strong trend. from my backtest, it still needs attention in that part.

but comparing with manual trading (which is involved psychology and patience), this EA already win strong.
  • #327
  • Jun 12, 2018 11:38am Jun 12, 2018 11:38am
Quoting Shakka
{quote} So, you will combine the v.050 with 0.51 and fix all the bugs into v52, am I right ? There will be great then.. And another questions. Does your EA have no SL ? If so, how do you manage the risk ? I am afraid of this EA will ended with a margin call. What pairs do you recommend to trade with ? Regards.
each trade has its own SL level.
I use SL at current pivot level + 100 % level +- 10 pips.

ex:
trade opened at R38, then SL price will be at R138 + 10 pips.
or trade opened at S38, then SL price will be at S138 - 10 pips.

I also added max risk that can be handled by EA. ex: if floating trades is reached 80% account balance, it will close all position. ---> this part need a better option.
  • #328
  • Jun 12, 2018 11:39am Jun 12, 2018 11:39am
Greetings,
I believe the stop loss can be taken as the amount of money per pair
As per DavIT we can target about $500 per trade/pair so something in that line we can think of stoploss instead of PIPS

My 2 cents

Thanks
R
  • #329
  • Jun 12, 2018 11:41am Jun 12, 2018 11:41am
Quoting bojack34
How about adding an input for "profit in percentage to close all trades" instead of profit in pips? I would think that most people have a target percent per day or per week in mind when trading instead of how many pips they can make. Increasing your bankroll according to % is what counts most. BTW.....GREAT EA!!
thank you for the feedback. already in my roadmap.
  • #330
  • Jun 12, 2018 11:45am Jun 12, 2018 11:45am
Quoting bojack34
How about adding an input for "profit in percentage to close all trades" instead of profit in pips? I would think that most people have a target percent per day or per week in mind when trading instead of how many pips they can make. Increasing your bankroll according to % is what counts most. BTW.....GREAT EA!!
Greetings,
Closing all trades may not be a good idea as there could be some manual trades running as well which are probably for weeks or Months
If closing all trades are required then they can be specific to trade opened by this EA only

My 2 cents

Thanks and regards
R
  • #331
  • Jun 12, 2018 11:50am Jun 12, 2018 11:50am
Quoting rookie14
{quote} Greetings, Closing all trades may not be a good idea as there could be some manual trades running as well which are probably for weeks or Months If closing all trades are required then they can be specific to trade opened by this EA only My 2 cents Thanks and regards R
no problem, EA will only manage its own trades. If you have a manual position, then EA will not count that trade as part of EA responsibility. your existing manual trade should be not touched by EA.

but it all depends on magic number, pls note that all trades from MT4 client to MT4 server come with magic number. and please note that manual trade use magic number 0 (zero).
so, please make sure each pair use a different magic number and never use 0 (zero) as ur magic number.
  • #332
  • Jun 12, 2018 11:55am Jun 12, 2018 11:55am
Quoting akangaziz
{quote} each trade has its own SL level. I use SL at current pivot level + 100 % level +- 10 pips. ex: trade opened at R38, then SL price will be at R138 + 10 pips. or trade opened at S38, then SL price will be at S138 - 10 pips. I also added max risk that can be handled by EA. ex: if floating trades is reached 80% account balance, it will close all position. ---> this part need a better option.
So if we set the inputs to allow the EA to start trading at level 61 and set my SL to R138 or S138.......what % level should I use?
  • #333
  • Jun 12, 2018 11:57am Jun 12, 2018 11:57am
Quoting bojack34
{quote} So if we set the inputs to allow the EA to start trading at level 61 and set my SL to R138 or S138.......what % level should I use?
SL level is managed by EA automatically. you can't manage the SL price, at least for the current version.
If you enable level 61, then EA will open trade if the price in area pivot R61 or S61, and SL price will set at R161 or S161.
  • #334
  • Jun 12, 2018 12:05pm Jun 12, 2018 12:05pm
Quoting akangaziz
EURJPY at R38. easy profit. {image} {image} I'm thinking about using real account once v0.5 reach 100% profit, for all trader who want to trade in real account, you start it this month. I will release & allow you to trade in real account. I have some notes for enhancement in next version. Yes, the historical result will not guarantee the future, I know it. trade at your own risk.
What will be your deposit for real account? I may be also starting with you
Building a Freedom All Time Return: 5,178.8%
  • #335
  • Jun 12, 2018 12:08pm Jun 12, 2018 12:08pm
Quoting akangaziz
{quote} SL level is managed by EA automatically. you can't manage the SL price, at least for the current version. If you enable level 61, then EA will open trade if the price in area pivot R61 or S61, and SL price will set at R161 or S161.
oh ok....sorry I thought that the SL level/% was adjustable. Thanks for your quick response! An adjustable SL might be a thought for future versions. Keep up the good work.
  • #336
  • Edited 1:20pm Jun 12, 2018 12:58pm | Edited 1:20pm
I have the ea running on 18 pairs for a couple of hours now. I have one entry on usdcad and several trades have opened up short UJ. The thing is, I have multiple executions at the same time/price. Screenshot attached. Is there some reason that this would be happening? I have only one chart open for each currency pair. I'm also suprised that it is selling UJ now because I thought that it would not open a short trade when there are green arrows, or a long trade when there are red arrows, but maybe I misunderstood. I am very excited about this ea thanks very much and if anyone has any suggestions on what I am doing wrong it would be greatly appreciated.

https://www.screencast.com/t/7RmT6jVMT0q

I have not changed to parameters that the ea came with other than lot size which I bumped up to .1 for 10k demo account. Here is screenshot:

https://www.screencast.com/t/32O9ZFX3Fu
  • #337
  • Jun 12, 2018 1:05pm Jun 12, 2018 1:05pm
Quoting joefrombrook
I have the ea running on 18 pairs for a couple of hours now. I have one entry on usdcad and several trades have opened up short UJ. The thing is, I have multiple executions at the same time. Screenshot attached. Is there some reason that this would be happening? I have only one chart open for each currency pair. I'm also suprised that it is even opening trades because I thought that it would not open a short trade when their are green arrows, or a long trade when there are red arrows, but maybe I misunderstood. I am very excited about this ea thanks...
Definetly you have more positions than I have :X

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
Building a Freedom All Time Return: 5,178.8%
  • #338
  • Jun 12, 2018 1:50pm Jun 12, 2018 1:50pm
Been playing with the expert -- nice work. Question: Is this hard coded for a specific timezone? I ask because some of the weekly PP and thus the fib levels are really off on some pairs with my specific broker feed. Thanks!
  • #339
  • Jun 12, 2018 2:18pm Jun 12, 2018 2:18pm
Quoting nonlinear
Been playing with the expert -- nice work. Question: Is this hard coded for a specific timezone? I ask because some of the weekly PP and thus the fib levels are really off on some pairs with my specific broker feed. Thanks!
Hi, I think your problem is because you have several or all pairs with the same magic number, you must place 1 different magic number for each chart.

Regards.
  • #340
  • Jun 12, 2018 4:24pm Jun 12, 2018 4:24pm
Quoting lacostavidal
{quote} Hi, I think your problem is because you have several or all pairs with the same magic number, you must place 1 different magic number for each chart. Regards.
I am using different magic numbers (time shift seems hard coded to me, but will reload to confirm). Thx
0 traders viewing now