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Another Way To Trade Pivot

  • #1
  • First Post: Edited Jan 11, 2019 2:50pm Dec 5, 2018 5:29am | Edited Jan 11, 2019 2:50pm
Here I do close to opposite of what Davit does. I don't expect a bounce at the S/R , instead I use them as trend continuation.

So it's more of a Trend Trading System instead of Counter Trend Trades.

When price reaches or touches 61S/R , I enter in anticipation for price continuation in the same direction.

There's not a lot to explain, it's easy to follow. Give it a shot and post your trades.

Take profit and Stop loss: I use 2 S/R away to set that. Adjust your risk according.


Pairs that I look @; GBPCHF , GBPUSD , GBPNZD , EURAUD , CHFJPY , EURJPY , GBPAUD , GBPCAD , EURNZD , GBPJPY .


Ps: I'm not responsible for your gains or losses.


Credit to Davit for the original pivot system.
Attached File(s)
File Type: ex4 Magnified Market Price.ex4   3 KB | 488 downloads
File Type: mq4 Pivot_Voty.mq4   36 KB | 500 downloads
File Type: ex4 ADR_v2.ex4   11 KB | 487 downloads
File Type: mq4 Davits Pivot V3.2 Auto.mq4   25 KB | 519 downloads
File Type: mq4 TDI-RT-Clone.mq4   4 KB | 493 downloads
File Type: mq4 TMS_Angleator V3 - RT2.mq4   25 KB | 527 downloads
File Type: tpl Tem-Pivot.tpl   28 KB | 392 downloads | Uploaded Jan 11, 2019 2:50pm
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  • #2
  • Dec 5, 2018 5:31am Dec 5, 2018 5:31am
A picture is worth a thousand words.
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  • #3
  • Dec 5, 2018 5:34am Dec 5, 2018 5:34am
A picture is worth a thousand words!!!
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  • #4
  • Dec 5, 2018 5:35am Dec 5, 2018 5:35am
That's it for now. Enjoy!!
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  • #5
  • Dec 11, 2018 3:39am Dec 11, 2018 3:39am
Brexit Delay.
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  • #6
  • Jan 6, 2019 11:11am Jan 6, 2019 11:11am
Trend Trading.
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  • #7
  • Jan 6, 2019 11:11am Jan 6, 2019 11:11am
Trend
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  • #8
  • Jan 9, 2019 5:41pm Jan 9, 2019 5:41pm
Momentum dont just disappear into thin air.
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  • #9
  • Jan 10, 2019 5:10am Jan 10, 2019 5:10am
Interesting.
Could you please share its template?
Thank you.
  • #10
  • Jan 10, 2019 1:06pm Jan 10, 2019 1:06pm
Template please
  • #11
  • Jan 11, 2019 2:31am Jan 11, 2019 2:31am
Quoting jovoodoo
Template please
Quoting egg
Interesting. Could you please share its template? Thank you.
First post is updated to include the template.
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  • #12
  • Jan 11, 2019 7:36am Jan 11, 2019 7:36am
Thank you, kola8701
Happy week end,
  • #13
  • Jan 11, 2019 1:01pm Jan 11, 2019 1:01pm
Quoting kola8701
{quote} {quote} First post is updated to include the template.
I've loaded your indis and template but failed.
Seemed no indicators attached.
Could you pls help me? Thanks.
Attached Image (click to enlarge)
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  • #14
  • Jan 11, 2019 2:49pm Jan 11, 2019 2:49pm
Quoting egg
{quote} I've loaded your indis and template but failed. Seemed no indicators attached. Could you pls help me? Thanks. {image}
Sorry, my bad. Try this.
I'll update the first page.
Attached File(s)
File Type: tpl Tem-Pivot.tpl   28 KB | 445 downloads
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  • #15
  • Edited 2:19am Jan 12, 2019 2:04am | Edited 2:19am
Quoting kola8701
{quote} Sorry, my bad. Try this. I'll update the first page. {file}
Thank you but unfortunately it still failed.
My guess is you put the indicators in indicators sub-folder. If that the case, no wonder no indicator list was shown up since by default template takes indicators from indicator folder (not sub-folder)
It’s just a guess. I might be wrong.
Attached Image (click to enlarge)
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So I loaded your indis by myself to the template.
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And I wonder why the pivots lines on TF H1 were flat, whilst it’s not flat in your TF H1 (see pict #3).
https://www.forexfactory.com/attachm...1&d=1544521138

Is there any setting needed?

Thank you.
  • #16
  • Jan 13, 2019 12:43pm Jan 13, 2019 12:43pm
Quoting egg
{quote} Thank you but unfortunately it still failed. My guess is you put the indicators in indicators sub-folder. If that the case, no wonder no indicator list was shown up since by default template takes indicators from indicator folder (not sub-folder) Its just a guess. I might be wrong. {image} So I loaded your indis by myself to the template. {image} And I wonder why the pivots lines on TF H1 were flat, whilst its not flat in your TF H1 (see pict #3). https://www.forexfactory.com/attachm...1&d=1544521138...

I'm not sure I know how to fix the template thingy or I'm just too lazy and not motivated to get it done.

About the Indicator, switch time frame back and forth, check other pairs and let me know.
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  • #17
  • Jan 13, 2019 9:25pm Jan 13, 2019 9:25pm
I put these indicators manually, and the picture is like this. It seems for me that there have to be someosettings changed
Attached Image (click to enlarge)
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These violent delights have violent ends.
  • #18
  • Jan 13, 2019 10:15pm Jan 13, 2019 10:15pm
Maybe this will help. Screenshot of my settings.
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  • #19
  • Edited 1:18pm Jan 15, 2019 5:55am | Edited 1:18pm
Quoting kola8701
{quote} I'm not sure I know how to fix the template thingy or I'm just too lazy and not motivated to get it done. About the Indicator, switch time frame back and forth, check other pairs and let me know.
Seeing your indicator list, no wonder the result is different.
  • #20
  • Jan 16, 2019 4:22am Jan 16, 2019 4:22am
Quoting kola8701
Here I do close to opposite of what Davit does. I don't expect a bounce at the S/R , instead I use them as trend continuation. So it's more of a Trend Trading System instead of Counter Trend Trades. When price reaches or touches 61S/R , I enter in anticipation for price continuation in the same direction. There's not a lot to explain, it's easy to follow. Give it a shot and post your trades. Take profit and Stop loss: I use 2 S/R away to set that. Adjust your risk according. Pairs that I look @; GBPCHF , GBPUSD , GBPNZD , EURAUD , CHFJPY , EURJPY...
Hi Kola
As you have laid out your rules you limit yourself by catching little trickle of run off water.Try swimming in the river.I suggest Weekly pivot as better guide.Below sell to 61S then see what happens opposite for buy then at least you got better adds of success.Think of it as a cat not just the tail's tip.
regards
In trading, you have to be defensive and aggressive at the same time
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