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Pivot Trading EA

  • #1,061
  • Aug 3, 2018 8:02am Aug 3, 2018 8:02am
Do we have to close all positions on friday or let them go through next week? I ask it because pivots changes from week to week.
  • #1,062
  • Aug 3, 2018 8:57am Aug 3, 2018 8:57am
Where can I find the pivot trading indicator that you are using? Just the indicator for manual trading
  • #1,063
  • Aug 3, 2018 9:03am Aug 3, 2018 9:03am
Quoting tzic
Where can I find the pivot trading indicator that you are using? Just the indicator for manual trading
How much i understand the indicator is packaged with the EA on google drive. See the first post for details on the files.
  • #1,064
  • Aug 3, 2018 9:04am Aug 3, 2018 9:04am
No good EA for me , many wrong orders .
v0.7, H4, default setting
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  • #1,065
  • Aug 3, 2018 9:51am Aug 3, 2018 9:51am
I got the TDI clone in the indicator folder and the EA in the Experts folder and attached it to the chart. And followed as much as I could. But somehow it didn't open any trades today and yesterday.
No errors though.

Is it something I'm missing or was there simply no signal?
  • #1,066
  • Aug 3, 2018 10:56am Aug 3, 2018 10:56am
Quoting Rainy88
Do we have to close all positions on friday or let them go through next week? I ask it because pivots changes from week to week.
Hi Rainy88, on Fridays it's good to close the trades if you are in profit, otherwise, you can choose to do nothing.

The EA is designed NOT to trigger any NEW trades on Fridays as it readies for a new set of weekly pivots on the coming Monday, however, the EA can/will trigger trades on Friday if there are existing floating trades from previous few days.

Hope this explains.
It's either going UP, or DOWN.
  • #1,067
  • Aug 3, 2018 11:00am Aug 3, 2018 11:00am
Quoting tzic
Where can I find the pivot trading indicator that you are using? Just the indicator for manual trading
Hi tzic, this thread is for EA robot trading, for manual trading, please visit Davit's thread https://www.forexfactory.com/showthread.php?t=588764, you will be able to find all relevant resources there. Green pips.
It's either going UP, or DOWN.
  • #1,068
  • Aug 3, 2018 11:05am Aug 3, 2018 11:05am
Quoting mankindeg
I got the TDI clone in the indicator folder and the EA in the Experts folder and attached it to the chart. And followed as much as I could. But somehow it didn't open any trades today and yesterday. No errors though. Is it something I'm missing or was there simply no signal?
See EA Installation Guide for more information.

In it, FAQ question 3 says:
3. I have Smiley Face icon on my chart, but why there are no trades opened?
Smiley Face means the rPT-EA is running, however the EA is not designed to trade at regular intervals, instead, depending on which Pivot levels the price is hovering at AND if there is TDI cross (below the “TDI Maximum for BUY” number and above the “TDI Minimum for SELL” number) , only then a buy/sell trade will be executed. Also, the EA is designed NOT to trigger any NEW trades on Fridays as it readies for a new set of pivots on the coming Monday, however, the EA can/will trigger trades on Friday if there are existing floating trades from previous few days. Be patient.

Hope this helps, and green pips to you.
It's either going UP, or DOWN.
  • #1,069
  • Aug 3, 2018 11:24am Aug 3, 2018 11:24am
Quoting WindChaser
{quote} Hi Rainy88, on Fridays it's good to close the trades if you are in profit, otherwise, you can choose to do nothing. The EA is designed NOT to trigger any NEW trades on Fridays as it readies for a new set of weekly pivots on the coming Monday, however, the EA can/will trigger trades on Friday if there are existing floating trades from previous few days. Hope this explains.
Thank you WindChaser you were superclear, what do you and Akangaziz suggest to do with losing positions on friday? Close them or carry them to the next week?
  • #1,070
  • Aug 3, 2018 11:25am Aug 3, 2018 11:25am
Quoting zzz18
No good EA for me , many wrong orders . v0.7, H4, default setting {image}
Hi zzz18, I am sorry to learn that your experience with this EA has not been good. This is interesting as we have received many positive results from many testers this week. May I know how long have you been running the EA, which pairs you traded and the starting account size? https://goo.gl/RSSjcE is the EA Installation Guide with FAQs if you want to revisit.

Below is the Balance graph of my DEMO trading this week (14 pairs), it's a TEST martingale set of 1.2, lot size 0.1. Tests are still ongoing so I am not able to conclude if on longer term this EA based on Davit's strategy, would work or not. We'll see.

I wish you green pips.
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It's either going UP, or DOWN.
  • #1,071
  • Aug 3, 2018 1:40pm Aug 3, 2018 1:40pm
Quoting WindChaser
{quote} Hi zzz18, I am sorry to learn that your experience with this EA has not been good. This is interesting as we have received many positive results from many testers this week. May I know how long have you been running the EA, which pairs you traded and the starting account size? https://goo.gl/RSSjcE is the EA Installation Guide with FAQs if you want to revisit. Below is the Balance graph of my DEMO trading this week (14 pairs), it's a TEST martingale set of 1.2, lot size 0.1. Tests are still ongoing so...
Hi
May I suggest something if not already been done!
As the consecutive wins are 9 and consecutive losses 3 this indicate a good entry criteria in first place and so a good expectancy.
If so, why not using positive and negative martingale?
For example: R:R of 1:2
First trade: 0.01 lot and you win
Second trade: use the total profit from above to trade. If it's a win you have nice profit. If it's a loose you didn't loss anything of your initial balance.
Third trade: in case you have a loss start from first step.
4 trade: martingale to recover the previous loss. 2*0.01 lot
Etc....
Mainly if win you use just ones your total profit on next trade.
If loose, you martingale initial lot size etc...

Regards
  • #1,072
  • Aug 3, 2018 2:35pm Aug 3, 2018 2:35pm
Quoting WindChaser
{quote} Hi zzz18, I am sorry to learn that your experience with this EA has not been good. This is interesting as we have received many positive results from many testers this week. May I know how long have you been running the EA, which pairs you traded and the starting account size? https://goo.gl/RSSjcE is the EA Installation Guide with FAQs if you want to revisit. Below is the Balance graph of my DEMO trading this week (14 pairs), it's a TEST martingale set of 1.2, lot size 0.1. Tests are still ongoing so...
I use EA first week , my balance ( real ) 100$ , lot 0.01-0.03 . Pairs CADYPY , EURJPY , AUDCAD , GBPUSD , NZDUSD , EURCHF . First EA increased Depo from 100$ to 160 $ , than all profit was lost by EA .
  • #1,073
  • Aug 3, 2018 2:47pm Aug 3, 2018 2:47pm
Quoting zzz18
{quote} I use EA first week , my balance ( real ) 100$ , lot 0.01-0.03 . Pairs CADYPY , EURJPY , AUDCAD , GBPUSD , NZDUSD , EURCHF . First EA increased Depo from 100$ to 160 $ , than all profit was lost by EA .
I think 1 week only is a tremendously insufficient time to evaluate a trading system EA.
  • #1,074
  • Edited 3:19pm Aug 3, 2018 2:56pm | Edited 3:19pm
Quoting Merka
{quote} Hi May I suggest something if not already been done! As the consecutive wins are 9 and consecutive losses 3 this indicate a good entry criteria in first place and so a good expectancy. If so, why not using positive and negative martingale? For example: R:R of 1:2 First trade: 0.01 lot and you win Second trade: use the total profit from above to trade. If it's a win you have nice profit. If it's a loose you didn't loss anything of your initial balance. Third trade: in case you have a loss start from first step. 4 trade: martingale to recover...
Been there done that, not a good call. Best thing to do is to close all trades manually when in profit, and this is truly the best thing to do in this stage. Martingale thingy (especially with multiplying lots) is a bi..ch. My opinion.
Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #1,075
  • Aug 3, 2018 3:32pm Aug 3, 2018 3:32pm
Quoting Rainy88
{quote} I think 1 week only is a tremendously insufficient time to evaluate a trading system EA.
I agree. IMHO At least 6 months in demo/real, backtest in 8-10 years and then two years with certified and verified Myfxbook real account.
Discipline and winning attitude
  • #1,076
  • Aug 3, 2018 3:55pm Aug 3, 2018 3:55pm
Quoting Nomenix
{quote} Been there done that, not a good call. Best thing to do is to close all trades manually when in profit, and this is truly the best thing to do in this stage. Martingale thingy (especially with multiplying lots) is a bi..ch. My opinion.
There shouldn’t be a martingale on this ea, only a re-entry at the next pivot if need be. Adding to winning trades would be acceptable.
  • #1,077
  • Aug 3, 2018 4:34pm Aug 3, 2018 4:34pm
Quoting WindChaser
{quote} Hi zzz18, I am sorry to learn that your experience with this EA has not been good. This is interesting as we have received many positive results from many testers this week. May I know how long have you been running the EA, which pairs you traded and the starting account size? https://goo.gl/RSSjcE is the EA Installation Guide with FAQs if you want to revisit. Below is the Balance graph of my DEMO trading this week (14 pairs), it's a TEST martingale set of 1.2, lot size 0.1. Tests are still ongoing so...
Very impressive results!
Discipline and winning attitude
  • #1,078
  • Aug 3, 2018 7:55pm Aug 3, 2018 7:55pm
Quoting zzz18
{quote} I use EA first week , my balance ( real ) 100$ , lot 0.01-0.03 . Pairs CADYPY , EURJPY , AUDCAD , GBPUSD , NZDUSD , EURCHF . First EA increased Depo from 100$ to 160 $ , than all profit was lost by EA .
Hi zzz18,

1. Testing using real money is not recommended at the moment since the EA is still in v0.7 beta
2. If you decide to use real money for testing, please follow our recommendation in the EA Installation Guide

Green pips,
WindChaser

-------------------------------------
FAQ 6 it says:

6. How many pairs can I trade if my starting account balance is only $100?
We recommend you start with at least $300 in your account.

For Account Balance $300, trade maximum 3 pairs, use 0.01 lot size with Martingale 1.0, “profit in pips to start adding volume”: 10, “close all trades after x hour”: 24, adjust down the “profit in pips to close all trades” settings to 100, max opened trade 5.

For Account Balance $1000, trade maximum 10 pairs, use 0.01 lot size with Martingale 1.0, “profit in pips to start adding volume”: 10, “close all trades after x hour”: 72.

You should also disable the Martingale setting if you determine that in bigger timeframe the trend is too strong.

-------------------------------------
It's either going UP, or DOWN.
  • #1,079
  • Aug 3, 2018 8:23pm Aug 3, 2018 8:23pm
Quoting WindChaser
{quote} Hi zzz18, 1. Testing using real money is not recommended at the moment since the EA is still in v0.7 beta 2. If you decide to use real money for testing, please follow our recommendation in the EA Installation Guide Green pips, WindChaser ------------------------------------- FAQ 6 it says: 6. How many pairs can I trade if my starting account balance is only $100? We recommend you start with at least $300 in your account. For Account Balance $300, trade maximum 3 pairs, use 0.01 lot size with Martingale...
Great advice WC!! I really hope you and Az remove the martingale input and just add to the code that the EA ONLY enters orders at the pivot points. If we enter price at 61 and price continues to go against us, we then will only add more trades at the next pivot (which would be 78). The only time we are "adding" to our positions is when price is going in our desired direction.....ie "stacking". This will allow us to ONLY trade at the pivot point and not "martingale" trades in the middle of 2 Pivots. I know you have heard this argument from me before. I apologize for my redundancy Keep up the good work my friend!!
  • #1,080
  • Aug 3, 2018 11:13pm Aug 3, 2018 11:13pm
Some body say sr78 is last chance , true or not?
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