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Pivot Strategy

  • #1
  • First Post: May 5, 2020 12:52am May 5, 2020 12:52am
So i bumped into this pivot trading strategy a week ago, backtested it and it seems to be crazy legit and can fetch good pips, so i want to share it here and probably we can all together improve it to be less clattered but more efficient! viva!

THREAD RULES!

NO TROLLING , WE ARE HERE TO IMPROVE THE STRATEGY, LESS CLATTERED CHARTS BUT MORE EFFECTIVE!

EA builders are welcomed. thanks

TRADING RULES!

Buy
When the price reaches a support level 61, 78, 100, check that the following conditions are higher than level 15, and the Abha fx line near or below the lower line.
If there are, the previous conditions to enter wait for TDI i the green line crosses the red line upwards.
Place initial stop loss below the previous swing low. Profit target at the next pivot level or with ratio stop loss 1: 1.2.
Sell
When the price reaches a resistance level 61, 78, 100, check that the following conditions are higher than level 15, and the Abha fx line near or above the upper line.
If there are, the previous conditions to enter wait for TDI i the green line crosses the red line downwards.
Place initial stop loss above the previous swing high. Profit target at the next pivot level or with ratio stop loss 1: 1.2.
This is a winning trading system.

attached are the indicators
Attached File(s)
File Type: rar Pivot Davits with Kiosotto.rar   234 KB | 1,458 downloads
File Type: csv EURCHF60.csv   121 KB | 776 downloads
How can i loose when i started from the bottom!?
  • #2
  • May 5, 2020 12:55am May 5, 2020 12:55am
Quoting maharg94
So i bumped into this pivot trading strategy a week ago, backtested it and it seems to be crazy legit and can fetch good pips, so i want to share it here and probably we can all together improve it to be less clattered but more efficient! viva! THREAD RULES! NO TROLLING , WE ARE HERE TO IMPROVE THE STRATEGY, LESS CLATTERED CHARTS BUT MORE EFFECTIVE! EA builders are welcomed. thanks TRADING RULES! Buy When the price reaches a support level 61, 78, 100, check that the following conditions are higher than level 15, and the Abha fx line near or below...
this is a trade taken today, waiting to see how it unfolds!
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1-true-ecn-trading-2.png Size: 38 KB
How can i loose when i started from the bottom!?
  • #3
  • May 5, 2020 1:10am May 5, 2020 1:10am
TIPS FOR TRADING ON THE PIVOT LEVELS

Long Trade

  1. Price bar touches the pivot point
  2. Subsequent price bar fails to make a new low
  3. Subsequent price bar breaks the high of the previous price bar

Short Trade

  1. Price bar touches the pivot point
  2. Subsequent price bar fails to make a new high
  3. Subsequent price bar breaks the low of the previous price bar

PRICE ACTION ON KEY LEVELS IS KEY!!!

How can i loose when i started from the bottom!?
  • #4
  • May 5, 2020 1:37am May 5, 2020 1:37am
Drop off TDI - it's useless indicator
  • #5
  • May 5, 2020 1:45am May 5, 2020 1:45am
Quoting kodakwhite
Drop off TDI - it's useless indicator
which indicator would you suggest to give market sentiments apart from TDI?
How can i loose when i started from the bottom!?
  • #6
  • May 5, 2020 7:13am May 5, 2020 7:13am
You are a dishonest person.Plagiarized my system without any reference to it then with only 27 posts here start a thread asking to improve it.

This should be in Journal section not here.
In trading, you have to be defensive and aggressive at the same time
  • #7
  • May 5, 2020 11:19am May 5, 2020 11:19am
Quoting Davit
You are a dishonest person.Plagiarized my system without any reference to it then with only 27 posts here start a thread asking to improve it. This should be in Journal section not here.
Davit is The Godfather for Fib Pivot trading for years! All FF members knows that.. He must put that on the first post.
  • #8
  • May 5, 2020 3:13pm May 5, 2020 3:13pm
Quoting Davit
You are a dishonest person.Plagiarized my system without any reference to it then with only 27 posts here start a thread asking to improve it. This should be in Journal section not here.
Not really, like i said i bumped into it online, its not mine...is it your system? its crazy legit!
How can i loose when i started from the bottom!?
  • #9
  • May 5, 2020 3:13pm May 5, 2020 3:13pm
Quoting Scorp1on1
{quote} Davit is The Godfather for Fib Pivot trading for years! All FF members knows that.. He must put that on the first post.
am coming to take over, trusting the process!
How can i loose when i started from the bottom!?
  • #10
  • May 6, 2020 6:43am May 6, 2020 6:43am
Quoting maharg94
{quote} am coming to take over, trusting the process!
You are coming to take over, and you started on a bad foundation already? I see big failure coming.
  • #11
  • May 7, 2020 1:45am May 7, 2020 1:45am
Quoting Donettie
{quote} You are coming to take over, and you started on a bad foundation already? I see big failure coming.
There are no failures in trading, just lessons. I will fail myself up to the upper echelon.
How can i loose when i started from the bottom!?
  • #12
  • May 7, 2020 3:30am May 7, 2020 3:30am
You could've added the reference here or maybe tried to search.
Anyway, it's Davit's system, you can contribute to the main thread.
His system is the only system that worked for me.

-I am just a lazy lurker who is not yet a yellow member for so long so I can't post to the main thread.
adapt or be killed
  • #13
  • May 7, 2020 4:24am May 7, 2020 4:24am
Quoting slappymove
You could've added the reference here or maybe tried to search. Anyway, it's Davit's system, you can contribute to the main thread. His system is the only system that worked for me. -I am just a lazy lurker who is not yet a yellow member for so long so I can't post to the main thread.
You are right
How can i loose when i started from the bottom!?
  • #14
  • May 7, 2020 4:38am May 7, 2020 4:38am
good morning/night to all of you. I have an problem with the template and i am wondering if its only with me or the rest of us. Thanks!
  • #15
  • May 7, 2020 5:29am May 7, 2020 5:29am
Quoting Davit
You are a dishonest person.Plagiarized my system without any reference to it then with only 27 posts here start a thread asking to improve it. This should be in Journal section not here.
davit didn't invent pivot trading nor does he own it
  • #16
  • Edited 9:33am May 7, 2020 9:12am | Edited 9:33am
Wow...wow..wow!!!

One minute guys(and newbie cult followers) cause now you are really not making any sense!
I like Davit as a trader and as an artist even more but....
Pivot trading has been around before Davit even started trading,lol
And because someone is using the "Davit Pivots" indi and the TDI to counter trade it does not mean
he is trading Davits system....
Maharg does not take 10-20 trades per pair...
Give the guy a chance before jumping on him!

(Dan Malone, created the "Traders Dynamic Index"... TDI , just so some will know, you think there is a chance he will come around too...)
Those who don't believe in magic will never find it
  • #17
  • May 7, 2020 11:14pm May 7, 2020 11:14pm
Any suggestion for Stoploss and Take Profit guys.
  • #18
  • May 9, 2020 9:54pm May 9, 2020 9:54pm
I was hoping someone new would start a thread on the subject with a fresh point of view and here it is.
  • #19
  • May 9, 2020 10:36pm May 9, 2020 10:36pm
Quoting OutThere
I was hoping someone new would start a thread on the subject with a fresh point of view and here it is.
Hi
This is hardly fresh view its my original set up with TDI which I scraped because of repainting redundant indicator it is.There is solid reason why I dont use it if that's progress for you go ahead get your "fresh view"
In trading, you have to be defensive and aggressive at the same time
  • #20
  • May 9, 2020 10:39pm May 9, 2020 10:39pm
Quoting PayTheBid
Wow...wow..wow!!! One minute guys(and newbie cult followers) cause now you are really not making any sense! I like Davit as a trader and as an artist even more but.... Pivot trading has been around before Davit even started trading,lol And because someone is using the "Davit Pivots" indi and the TDI to counter trade it does not mean he is trading Davits system.... Maharg does not take 10-20 trades per pair... Give the guy a chance before jumping on him! (Dan Malone, created the "Traders Dynamic Index"... TDI , just so some will know, you think there...
Never claimed I invented Pivots and for you to assume that is oxymoron what I said this "system" is exactly my original system.That's all.
In trading, you have to be defensive and aggressive at the same time
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