The Skill Check

FYI - I ran several 100 simulations using random double ups across 10,000 samples, but the profitability didn't change significantly (+-3%).

My code about the period congruent (i.e. only all first, second,..., 24th hour) sigma had a bug. I corrected that and, not unexpected, the sigma converges for a large number of samples. Nevertheless, it doesn't have any unknown impact on the Pivot stats.

Following the idea of a fellow FF member for pivots to better work in ranging environment, I used the period congruent ranges (i.e. rolling daily H-L) as a filter for entries towards rolling daily pivots. The range detecting logic was to enter as long as sigma <=1.5, and the trend one was to enter for sigma >= 1.5. For the first approach, the loss stats improved by 50% vis-a-vis non-filtered entries with even higher hit ratios supporting the theory. For the latter, they stayed more or less the same. Initially, I wasn't sure if I had the correct sigma's, since the current calculations suggest very long tails...

Hi selecting weekly pivot I got this error

2018.05.14 00:33:12.470 SkillCheck EURUSD,H1: array out of range in 'SkillCheck.mq4' (102,43)

could You check or release the .mq4 file?

Thanks

Bad settings. I believe you don't have enough history, as Sis Already stated before.

This thread has been around for a while now. I wonder how many people have actually made use of this information to create a meaningful strategy.
Something so simple yet overlooked by many, maybe because "conventional wisdom" states that anything above the pivot point = buy and anything below the pivot point = sell.

I stumbled upon this thread and took an interest, and decided to give it a whirl to see if something good comes out of it.
I'm using the thread starter's original rules of trading towards the pivot point, using a primarily trend-following strategy, with TP at the pivot point.
Haven't tested all pairs, but it seems to do ok for EURUSD and AUDJPY.
There seems to be a lot of potential for this, and at least the initial tests are promising, with win rates > 80%.

I'm not sure if anyone is still looking at this or has created something meaningful, but I'm happy to have a discussion about this either via this thread or privately.

I've attached some screenshots of the initial tests with EU and AJ. Results are combined.

The rules as stated by the thread starter would work well in pairs that range most time like EURUSD, USDCHF, CHFJPY. If one put little discretion into it, pivot remains a very simple but powerful tool for trading profitably, especially intraday

If only it was that simple. The truth is that the 25% of the time when the pivot points aren't reached would kill you. Don't take my word for it. Try it out.