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Pivot Trading

  • #33,201
  • Dec 13, 2019 10:35am Dec 13, 2019 10:35am
Quoting ppxdf
Despite this trade war between China and the USA, I am satisfied so far with my gains in that year 2019. I started with a balance of $10k and I expect to reach $ 23k later this year. I had little margin to trade for 4 months (July to October) and stayed out of the market to avoid further risk and also for particular reasons. I've been holding some JPY pairs since June, but the storm was worse in those 4 months than it is this December. I am trading with only $ 10k margin, so my gains are below average I used to have. I hope you understand the importance...
Great basically despite of set backs you managed to get over 100% managed to go Brazil fly a plane!! NICE
That's fabulous! Well done! Agree on Calendar and I will start posting mine regularly.
In trading, you have to be defensive and aggressive at the same time
  • #33,202
  • Edited 11:16am Dec 13, 2019 10:57am | Edited 11:16am
I think I am done for this week, month and year.
Up to 5.3% on week and 9.7% on month.

Attached Image

Attached Image

Here is the equity curve of my old account back in 2017 and mid 2018:
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Click to Enlarge Name: OldAcc.png Size: 35 KB

Here is the equity curve of my account for 2019, where I committed to manage as more professional possible, putting in work the principles that this system presents. Work in progress still.
Attached Image (click to enlarge)
Click to Enlarge Name: PivotsAcc.png Size: 53 KB

For me, I will be trading only after 1st week of Jan.

Isn't a much favorable environment to trade on a low liquidity markets.
If you trade during this period, consider lower your position size, some spikes may occur.

Let's continue to pile pips on 2020!
"In the end you only trade yourself."
  • #33,203
  • Dec 13, 2019 11:13am Dec 13, 2019 11:13am
Quoting R61
I think I am done for this week, month and year. Up to 5.3% on week and 9.7% on month. {image} {image} Here is the equity curve of my old account back in 2017 and mid 2018: {image} Here is the equity curve of my account for 2019, where I committed to manage as more professional possible, putting in work the principles that this system presents. Work in progress still. {image} For me, I will be trading only after 1st week of Jan. Isn't a much favorable environment to trade on a low liquidity markets....
Well done! Go get yourself a nice battle of wine! You deserve it
In trading, you have to be defensive and aggressive at the same time
  • #33,204
  • Dec 13, 2019 11:21am Dec 13, 2019 11:21am
Closed NC my day is done. Below what I made today.Dont like revealing this much but to give you an idea what stress free trading can produce.
Todays gain is 2x of my weekly crappy job pay... and people go around forums disparaging endlessly how forex is not profitable etc.

You make it profitable like anything else in life!
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In trading, you have to be defensive and aggressive at the same time
  • #33,205
  • Dec 13, 2019 12:28pm Dec 13, 2019 12:28pm
This weeks results

Attached Image


My annual results

Attached Image


I will try to contribute more to the thread next year.

I will also upload an update to the trade report indicator early next week that will allow you to attach multiple instances of same trade report to the same chart screen so you can easily reference and differentiate between open trades, closed trades for the week, closed trades for the month etc, all on one screen. It's a subtle addition but I think it will add value.

Kind regards
  • #33,206
  • Dec 13, 2019 2:01pm Dec 13, 2019 2:01pm
Some impressive movements and results around the pivot points this week with the UK elections, so I'll just throw in this chart as well.

The Offline C8 Basket Chart: Combination of AUDJPY,AUDUSD,EURJPY,EURUSD,GBPJPY,GBPUSD,NZDJPY,NZDUSD.

Attached Image (click to enlarge)
Click to Enlarge Name: C8_DavitTemplate.png Size: 40 KB


For those interested, I'll put together some stuff over the holidays about how to create the charts and the EA to open trades easily. Once all is set up, it's ultimately the same fundamental and technical analysis as any other pivot chart, but every time you place an order you trade all eight pairs.

May all have a peaceful holiday season.

Cheers till 2020.

Lee
Fix your thoughts on what is true, and honorable, and right, and pure...
  • #33,207
  • Edited 8:31pm Dec 13, 2019 2:33pm | Edited 8:31pm
Davit,

I'm still getting used to your system, and love to automate as much as I can for myself just because I can. Been coding 12 years MQL4.

When I attempted on demo to look at all 28 pairs (I have changed to just pairs you said, if I left any out please advise), I can tell minutes of news, and tell when (how many bars back) a weekly fib pivot level has last been crossed upward or downward, with e.g. low of bar below level and close above level. Admitted this alone will not create a winning EA. I myself would have to have another reason in an EA to buy or sell besides the "anchor" (aka zigzag or semafor), then crossing level, for a reversal trade. I would, in an EA, have to have at least heiken ashi candle or something else to confirm. I see going over your first post again, I have removed all but 61 to 100 levels, and only buy above pivot and sell below pivot. I can also add SweetSpots if you use them (every X pips e.g. 25 or 100).

My question is this: I have these user inputs for timeframe and calendar. Would you tell me what you would use in these user inputs? I admit that this news was made to be able to do "normal" trades and "news" trades. I consider your trades "news" trades since they are based on fundamentals, so the "normal" trading user inputs may not apply and may need to be removed.

Note: I usually put my SL a few pips away from Semafor (aka last swing low/high).

input ENUM_TIMEFRAMES TimeFrame = PERIOD_H1; // TimeFrame

extern bool UseNews = true;
extern bool AllowNewsTradesOutsideOfTradingHours = true;
extern int MinsBeforeNewsToExitNormalTrades = 30;
extern color NoTradingColor = Orange;
extern int MinsAfterNewsToStartNewsTrades = 0;
extern color NewsTradingColor = Red;
extern int MinsAfterNewsToExitNewsTrades = 240;
extern int MinsAfterNewsToStartNormalTrading = 240;
extern color NormalTradingColor = Gray;
extern bool IncludeHigh = true;
extern bool IncludeMedium = false;
extern bool IncludeLow = false;
extern bool IncludeSpeaks = true;
extern bool Bank_Holiday_On = false;
extern int EventDisplay = 480; // Hide event after (in minutes)

Thank you so much in advance for your advice.

Kindest regards,

Don
Attached Image (click to enlarge)
Click to Enlarge Name: semafors and weekly fib pivots.PNG Size: 104 KB
  • #33,208
  • Edited 2:49pm Dec 13, 2019 2:37pm | Edited 2:49pm
Quoting LifeHunt3r
Some impressive movements and results around the pivot points this week with the UK elections, so I'll just throw in this chart as well. The Offline C8 Basket Chart: Combination of AUDJPY,AUDUSD,EURJPY,EURUSD,GBPJPY,GBPUSD,NZDJPY,NZDUSD. {image} For those interested, I'll put together some stuff over the holidays about how to create the charts and the EA to open trades easily. Once all is set up, it's ultimately the same fundamental and technical analysis as any other pivot chart, but every time you place an order you trade all eight pairs. May...
Awesome input! I was not even aware of the 8-pair basket. I've heard of the 14 and then C5 (Core5), and seen the others in the code, but never used them or seen them talked about. Kudos! All aspects to me are welcome on how we can see the market better. For instance, I think there was something about when USD and JPY agreed in direction is when the 14 pair (and so also C5) would trend. I can't remember correctly, but that would be valuable info. BTW, I've made a couple custom baskets for people when they realized something that they saw valuable trading certain pairs a long time ago. When you realize Core 5 goes in same direction and least amount of pairs you can trade in a basket that really contains the movers, and that you can spend your time looking at one chart vs many, it's tempting to do so.

Kindest regards,

Don
  • #33,209
  • Dec 13, 2019 3:06pm Dec 13, 2019 3:06pm
Quoting disbellj
Davit, I'm still getting used to your system, and love to automate as much as I can for myself just because I can. Been coding 11 years MQL4. When I attempted on demo to look at all 28 pairs, I can tell minutes of news, and tell when (how many bars back) a weekly fib pivot level (it says daily fib pivot in pic, which is mis-label) has last been crossed upward or downward, with e.g. low of bar below level and close above level. Admitted this alone will not create a winning EA. I myself would have to have another reason in an EA to buy or sell besides...
When are you going to make available this system for us ? On Christmas as a Christmas gift ?
Waiting to hear from you Brother
  • #33,210
  • Dec 13, 2019 3:15pm Dec 13, 2019 3:15pm
Quoting RimJim
{quote} When are you going to make available this system for us ? On Christmas as a Christmas gift ? Waiting to hear from you Brother
Well brother, you wouldn't ask for your baker to give you the cake before it's baked. The last thing I would ever want to do is release something that hurt instead of helped traders. If/until I know I have it coded and set as Davit would use it, and test for it's profitability, I wouldn't release it. It would do more harm than good in the wild.

Kindest regards,

Don
  • #33,211
  • Dec 13, 2019 3:25pm Dec 13, 2019 3:25pm
Quoting disbellj
{quote} you wouldn't ask for your baker to give you the cake before it's baked. Kindest regards, Don
So Baker doesn't want to share the cake after cake is baked ?
No problem Don, but i still miss your Cake..
Regards
Novelin
  • #33,212
  • Dec 13, 2019 3:31pm Dec 13, 2019 3:31pm
Fear is still an issue for me, i closed some AUD sells prematurely because of fear, but as you can see below i doubled my small account in 5 days. i even withdrew my deposited amount to try and trick the brain into thinking i'm just using the market's money lets see how next week goes. this is the best system on ForexFactory.
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Capital preservation, live to trade another day
  • #33,213
  • Dec 13, 2019 4:14pm Dec 13, 2019 4:14pm
Quoting RimJim
{quote} So Baker doesn't want to share the cake after cake is baked ? No problem Don, but i still miss your Cake.. Regards Novelin
You need to re-read my post. Never said I wasn't going to share it.
  • #33,214
  • Dec 13, 2019 5:29pm Dec 13, 2019 5:29pm
Quoting disbellj
{quote} You need to re-read my post. Never said I wasn't going to share it.
Word of advice, you should delete your posts. Because the only response you're going to get is getting banned. Others have posted same nonsense about trying to automate weekly pivots. And they all fail. Learn to trade or take it elsewhere.
Trade with confidence, trade without fear.
  • #33,215
  • Edited 8:30pm Dec 13, 2019 5:59pm | Edited 8:30pm
Nonsense? There's not much difference between just alerts and completely automating. Just trading code, which I got. If I get banned for asking honest questions, so be it. I'm not here to cause any trouble, and trying to be pleasant here. I would not give a gun to a child not trained to use it, cause I wouldn't want them to hurt themselves or someone else. In the same manner, until the EA is trained to do the correct thing, I'm not going to give it out for someone to hurt themselves. If coding is completely frowned upon despite all this, I'll gladly stop posting since I am going to automate this with or without help. Sharing something good would be good. Sharing something half-basked is nothing I am going to do either way. Been trading as long as I been coding, but I am emotional and have bi-polar. If that also is frowned upon or looked at as I'm undeserving because I choose to try and overcome my emotions by understanding and automating as much as I can, I can't do anything about the way someone feels about me/that. I just watched the first video on the price action page linked to in first post (again). It's basically looking for head and shoulders (the shoulder is before the 1-2-3 I look for anyways, and I use Semafors for that successfully and have for a long time, so will soon add head and shoulders and 1-2-3 pattern and probably change candles to regular candles instead of Heiken Ashi candles). But of course me coding and trading 12 years as I've said means nothing? I think I've passed any test to be able to be on this thread unless someone just doesn't want me here because of nothing I have done wrong.

Kindest regards, and the upmost esteem for you as well as everyone else here.

Don
  • #33,216
  • Dec 13, 2019 6:14pm Dec 13, 2019 6:14pm
Quoting disbellj
If I get banned for asking honest questions, so be it. I'm not here to cause any trouble, and trying to be pleasant here. I would not give a gun to a child not trained to use it, cause I wouldn't want them to hurt themselves or someone else. In the same manner, until the EA is trained to do the correct thing, I'm not going to give it out for someone to hurt themselves. If coding is completely frowned upon despite all this, I'll gladly stop posting since I am going to automate this with or without help. Sharing something good would be good. Sharing...
If you been paying attention (at all) to this thread, you would know Davits position on people trying to be lazy and write EA's with this strategy.
Trade with confidence, trade without fear.
  • #33,217
  • Edited 8:28pm Dec 13, 2019 6:22pm | Edited 8:28pm
Quoting cjayfx14
Fear is still an issue for me, i closed some AUD sells prematurely because of fear, but as you can see below i doubled my small account in 5 days. i even withdrew my deposited amount to try and trick the brain into thinking i'm just using the market's money lets see how next week goes. this is the best system on ForexFactory. {image}
Glad you posted you double your account in 5 days. Hopefully it will inspire someone else. I'm still in Forex because there have been more than a few days in these 12 years that I have doubled my account in a day. Catch the weekly trend at the right time, not too much risk per pair but trading a lot of the pairs and they most all start trending the same, man what a ride. BTW, anyone looking at basket trading, the T101 14 pairs, I'm the first one to give a BuyAll indicator Orest used in his thread he posted on post https://www.forexfactory.com/showthr...65#post3432465, he changed/improved? in post https://www.forexfactory.com/showthr...72#post3437572, and a couple other ones in post https://www.forexfactory.com/showthr...63#post3440663 to show if buying all or selling all, first time someone looked at T101 from this perspective and gave code that worked, all back in 2010. Maybe looking at all you can might be a good thing huh?

Kindest regards,

Don
  • #33,218
  • Dec 13, 2019 6:31pm Dec 13, 2019 6:31pm
Quoting disbellj
Nonsense? ...If coding is completely frowned upon despite all this, I'll gladly stop posting since I am going to automate this with or without help. ...Don
You were told this is frowned upon here which is why they said..."Word of advice, you should delete your posts. Because the only response you're going to get is getting banned. Others have posted same nonsense about trying to automate weekly pivots. And they all fail. Learn to trade or take it elsewhere."

You seem to not care and do your own thing anyway, so I wish you well in all you do, but seems to me and others, it won't be here.
Invest in Life
  • #33,219
  • Edited 8:27pm Dec 13, 2019 6:38pm | Edited 8:27pm
Quoting Cryptosurf
{quote} If you been paying attention (at all) to this thread, you would know Davits position on people trying to be lazy and write EA's with this strategy.
The last thing I am is lazy. Think what you will. Am I personally bothering you me asking Davit a question about how long after news I'm supposed to be looking for trades? What is the deal with you being on me man? I have done nothing wrong here. If I had not posted a pic and just asked a question, that would not be a problem. But because I am automating something that could possibly help others, get rid of me? Because you "think" I'm lazy, which I am obviously not if I've spent 12 years and ain't gave up yet despite myself and the odds and people like you.

Kindest regards,

Don
  • #33,220
  • Edited 7:15pm Dec 13, 2019 6:43pm | Edited 7:15pm
Davit, I personally ask you to do what you will. I have tried to come here and post in peace. Other people are making that almost impossible to do like they have a chip on their shoulder despite my kindness and honestly and willingness to try and understand everything about your strategy and apply it. It shouldn't matter if I want alerts or an EA or whatever. Coding shouldn't offend people so badly since you ALL use coded indicators that SOMEONE was kind enough to code for free.

T101 made 1,700 pips this week, and I gave this back in 2010 for free, but I'm not capable of producing anything worthwhile? Is that it? The pic begs to differ. Even with my faults, I've helped people. And if someone wanted to apply your strategy to an offline chart and trade it as I see I'm not the only one that has done so, would that bother you? It shouldn't.

Kindest regards,

Don
Attached Image (click to enlarge)
Click to Enlarge Name: 1700 pips on T101 this week.PNG Size: 93 KB
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