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Pivot Trading

  • #27,221
  • Mar 18, 2019 8:20am Mar 18, 2019 8:20am
I know we have Monetary Policy Meeting later but this has my interest.
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  • #27,222
  • Mar 18, 2019 8:33am Mar 18, 2019 8:33am
Quoting NLtrader
Sell Nzd/Jpy building Up position...;-)
Also in on this from 76.620
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #27,223
  • Mar 18, 2019 8:34am Mar 18, 2019 8:34am
Quoting RieseP
I know we have Monetary Policy Meeting later but this has my interest. {image}
agree with you. already building short at R61
  • #27,224
  • Mar 18, 2019 9:12am Mar 18, 2019 9:12am
Attachment g
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  • #27,225
  • Mar 18, 2019 9:16am Mar 18, 2019 9:16am
Quoting ppxdf
EC loading {image}
Loaded some too, let's see how this plays out.

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"In the end you only trade yourself."
  • #27,226
  • Mar 18, 2019 9:49am Mar 18, 2019 9:49am
All,

I've been reading and following the thread for a while and wanted to contribute and add some value for everyone while I'm learning. I thought a beneficial way to do this would be to mod the trade report and add a column for drawdown %. I've been testing it and it seems to work quite well. I also added the ability to input a starting balance so all the percentages shown in the report can be based off a set number (starting balance of account, or starting balance of the week etc). In addition I have also included the functionality to hide all the columns giving you the choice to pick and choose which ones to show.

I'm am currently testing and it seems to be working well. However, it may have a few bugs and might not be spot on so please only use it as a reference only.

These are my current trades
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I think the most effective way to use the report would be to input new settings on a sunday night by first setting the time period for the coming week, then inputting your current account balance into the settings in the " use balance for calculations" field, then your results will show a proper representation of your trading performance at the end of the week
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If you input a "0" into this field it will use your current balance for calculations. This is fine if that's what you want, but you may notice it skews the percentages on the report at the end of the week.

Anyway, I hope this is a welcome addition to the thread and I hope everyone trading here finds it both insightful and beneficial.

Thank you Davit for sharing your system and everyone here for contributing selflessly.

Attached File(s)
File Type: mq4 TradeReport_compact - updated Russia.mq4   153 KB | 773 downloads


Kind regards,

Russia
  • #27,227
  • Mar 18, 2019 9:57am Mar 18, 2019 9:57am
Could someone with Oanda show me the settings that work correctly, my pivots are off. Special Thanks to whom is willing to help !!!
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You NEVER will be the person you could be, without pressure & discipline
  • #27,228
  • Mar 18, 2019 10:03am Mar 18, 2019 10:03am
Quoting DiamondMiner
Could someone with Oanda show me the settings that work correctly, my pivots are off. Special Thanks to whom is willing to help !!! {image}
Here it is
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Give me a lever long enough and a place to stand, and I will move the Earth
  • #27,229
  • Mar 18, 2019 10:04am Mar 18, 2019 10:04am
Starting to build short position on EU.
Aim is to trade back to Pivot.
Usually the Pivot gets tested once, and if not this week then next week.
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  • #27,230
  • Mar 18, 2019 10:06am Mar 18, 2019 10:06am
Quoting artestine
{quote} Here it is {image}
Excuse me I meant to ask for your Davits Pivot V3.2 Auto Settings?
You NEVER will be the person you could be, without pressure & discipline
  • #27,231
  • Mar 18, 2019 10:28am Mar 18, 2019 10:28am
watching j charts and entered in EU
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Trading is about paying attention. Davit
  • #27,232
  • Mar 18, 2019 10:29am Mar 18, 2019 10:29am
Quoting DiamondMiner
{quote} Excuse me I meant to ask for your Davits Pivot V3.2 Auto Settings?
does page number 1 not help?
this is my setting on mt4.
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  • #27,233
  • Mar 18, 2019 10:51am Mar 18, 2019 10:51am
Quoting better23
{quote} does page number 1 not help? this is my setting on mt4. {image}
better23: Much Thanks !!!!!
You NEVER will be the person you could be, without pressure & discipline
  • #27,234
  • Mar 18, 2019 1:05pm Mar 18, 2019 1:05pm
[quote=VX8;12126989]FX Pivots are sloppy averaged deviations that aren't directly correlated with actual market volume (sentiment). PA is based off open price & volatility metrics. You need an actual exchange traded instrument that vwap applies to, that you can filter down to off exchange instruments like FX. The gaping hole in FX, besides the shitty spread, is zero visibility.[/quote

brilliant !!....bet you haven’t read one page in this form yet you feel it’s your obligation to show us how brilliant you are.
  • #27,235
  • Mar 18, 2019 1:07pm Mar 18, 2019 1:07pm
Quoting russian30
All, I've been reading and following the thread for a while and wanted to contribute and add some value for everyone while I'm learning. I thought a beneficial way to do this would be to mod the trade report and add a column for drawdown %. I've been testing it and it seems to work quite well. I also added the ability to input a starting balance so all the percentages shown in the report can be based off a set number (starting balance of account, or starting balance of the week etc). In addition I have also included the functionality to hide all...

Hello Russia

I appreciated the inclusion of DD%.
this was quite useful.!!!
Thank you very much
A small filter if you can include on it, will get even better.
The value of DD%, should be totaled only open trades. The trades already closed, would not need to be included in that totalizer.
as it is, it's already good. but if you can implement this little filter, it gets better
helio // ppxdf
  • #27,236
  • Mar 18, 2019 1:46pm Mar 18, 2019 1:46pm
If you don't have patience you are lost on trading these system i remeber these book sugested by Davit BIRD WATCHING IN LION COUNTRY .....
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  • #27,237
  • Mar 18, 2019 1:54pm Mar 18, 2019 1:54pm
Part from that book:
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  • #27,238
  • Mar 18, 2019 2:15pm Mar 18, 2019 2:15pm
Quoting ppxdf
{quote} Hello Russia I appreciated the inclusion of DD%. this was quite useful.!!! Thank you very much A small filter if you can include on it, will get even better. The value of DD%, should be totaled only open trades. The trades already closed, would not need to be included in that totalizer. as it is, it's already good. but if you can implement this little filter, it gets better helio // ppxdf
Hi Helio,

I see what you're saying but unfortunately I didn't code the modifications personally, I had them done by a freelancer. I will ask if he can make the modification.

However, i feel the way it it written shows a more comprehensive historical view of max drawdown experienced by each pair traded, which would probably be the most realistic view of how drawdown is being managed during trading.

Maybe I should request an extra column for Current DD and keep the existing column as Max DD?
  • #27,239
  • Mar 18, 2019 4:21pm Mar 18, 2019 4:21pm
Quoting russian30
{quote} Hi Helio, I see what you're saying but unfortunately I didn't code the modifications personally, I had them done by a freelancer. I will ask if he can make the modification. However, i feel the way it it written shows a more comprehensive historical view of max drawdown experienced by each pair traded, which would probably be the most realistic view of how drawdown is being managed during trading. Maybe I should request an extra column for Current DD and keep the existing column as Max DD?

I examined carefully and did not notice anything that could be improved. It's fine the way it is;
sorry !!. Disregard my last post.
helio
  • #27,240
  • Mar 18, 2019 6:34pm Mar 18, 2019 6:34pm
AUDNZD Content with 200 pips. AUD Red News in less than an hour! Approaching R61.
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