{quote} Thanks I use similar ones because I trade with mt5. Maybe you can think about programming it in mt5 too
Try don't lose pants never...
- Joined May 2017 | Status: Member | 3,748 Posts
I finished tool. I only need add signal rules. Capture shows how works original code. As take current ADR for make central area pivot then it moves along day. This allow adjust area to price forcing extreme area touches but it can make fake signals too. I want see if is better let fixed PP or as original tool. I have an idea how make useful exits with this tool ( if you use small TPs as thread strategy ). The only thing not clear is how play with area breaks{image} {image} {image}
Truth is like poetry. And most people f*cking hate poetry.
- Joined May 2017 | Status: Member | 3,748 Posts
Happy Friday! 
Added +4% to the account closing the week on +41% after last weeks loss.
Have a good weekend guys!
Added +4% to the account closing the week on +41% after last weeks loss.
Have a good weekend guys!
Truth is like poetry. And most people f*cking hate poetry.
- Joined Feb 2011 | Status: Member | 6,018 Posts
Happy Friday!
- Joined Feb 2016 | Status: Member | 113 Posts
Happy Friday!
You can try withdrawing each time, after you double the account size for two times.
just withdraw the half of it and experiment with the rest.
Example: Starting balance: 100$
Doubling acc. size for the first time = 200$
Doubling acc. size for the second time = 400$
Now withdraw 200$ and trade with the other 200$
New balance: 200$
Doubling acc. size for the first time = 400$
Doubling acc. size for the second time = 800$
Now withdraw 400$ and trade with the other 400$
Yes, it will take you a year longer to achieve your goal, but at least you will preserve your profits. Imagine yourself trading with an account above 50.000$ and not having anything in your pocket yet....and then Bam! All over in a second. I mean people jump over the windows because of stuff like this..lol
I wish u all the best, you are a skilled trader.
The biggest risk is not taking a risk.
- Joined Nov 2012 | Status: Coder | 8,520 Posts
{quote} That looks very interesting BTB, I look forward to seeing the working version.
I saw tool can detect real swings and follow trends too. Capture shows different moments. It works in same way in all pairs. Only difference is headroom for exit. In very low volatility pairs as EURCHF only will work small TPs without SL.
Histogram reading is easy. When we have a trend hsitorgram will move above/below opposite 50 level. If we wre in range will be between both 50 levels. For example if we have bull trend histogram will be between -50 and +100.
1) Blue boxes: Its common trend signal. Small circles shows price is going higher above 100 level. When circles stops then is good close
2) Red box and line: Typical extreme entry. its real swing since histogram change color inside day. its safe reemtry in breakout direction. Extreme trade loss it will be recovered for new trade
3) Orange circles: Entry/exit following histogram change direction. its safest signal but it have bigger delay
4) Orange/Blue box: Same as #1 but in a small wave
5) Black box: Same as #1/#4
6) Black circle: Real swing without reference. its only thing not sure how deal. You can use it as exit in a long profit trade or just risk an entry. if is wrong swing you always can exit fast ( in real time you dont know if first histogram change color is real swing due consolidation price behaviour )
That is all. Tool not try replace a mix of signals. its better use it as TP/SL affer you made a trade with your own analisys
Try don't lose pants never...
- Joined May 2015 | Status: Member | 1,438 Posts
{quote} This is main idea. As tool is for manual trading I choose easier rule even is not the optimal. ignore histogram colors because is still in development. Final version will show clearer that signal you will have. I saw tool can detect real swings and follow trends too. Capture shows different moments. It works in same way in all pairs. Only difference is headroom for exit. In very low volatility pairs as EURCHF only will work small TPs without SL. Histogram reading is easy. When we have a trend hsitorgram will move above/below opposite 50...
- Joined May 2017 | Status: Member | 3,748 Posts
Happy Monday!
Sold UJ today adding +5.8% to the account.
Sold UJ today adding +5.8% to the account.
Truth is like poetry. And most people f*cking hate poetry.
Pivot Centered ( 0.30b1 ) https://www.forexfactory.com/thread/...6#post13107066 {image}
- Joined May 2017 | Status: Member | 3,748 Posts
I recommend TF M15 with default settings. Others TFs can solve signals misleading in some problematic areas. Capture shows how H1 shows right signal in boxes area. 1) Levels colors are changed with ColorRes and ColorSup. 2) Many options are useless since I reuse my Atr Pivots tool. I'm sorry the mess but its an experimental tool Its an early build and trend/swing detector algorithm is rudimentary but I think improves enough original tool for have better manual trading PS: I haven't original tool code. Behavior was replicated with observation then...
Truth is like poetry. And most people f*cking hate poetry.
- Joined Nov 2012 | Status: Coder | 8,520 Posts
{quote} Thank you for your contribution BTB, I'll def give it a try and see how I can add it to my current set ups.
Histogram shows how works levels in history but if you need better reference plotting levels on chart I can upload study ruler too
Try don't lose pants never...