Weekly Pivot System

Hi all,

I want to start share my system.

Note:

1. It's a weekly system so it's rather boring.
2. It's not a way to get rich quickly.
3. I have my own website with a small forum. The reason: I want to keep the discussion at a central location (as there might be different locations where I post this system), but of course you are free to discuss it here.

The rules are on my website as well as the results from 2004 up to now. It would be nice if you register in my forum there (it's all free, no costs etc.) and check if I have made any mistake in my backtests.

The rules in short:
- compute the weekly pivot
- take the R1 as long trigger
- take the S1 as short trigger
- use 0,3-5,0% as take profit
- pairs: AUD/JPY, AUD/USD, EUR/USD, GBP/JPY, NZD/USD

Performance from january 2004 until july 2007:
Performance: +13,176 Pips
Max Drawdown: -1,721 Pips
Trades total: 543
Winners: 302
Losers: 241
Average win: +164 Pips
Average loss: -123 Pips

Regards - Xaron

Hi,

just two charts to add.

The equity curve in pips since january 2004 for all ten pairs:

http://www.weeklypips.com/charts/equ...airs_small.jpg
Click here for a larger image!

And the single trades/day:

http://www.weeklypips.com/charts/tra...airs_small.jpg
Click here for a larger image!

As you can see there are some real big losing days. But the overall result is positive.

Regards - Xaron

This method has produced on average 50 pips per month per pair!!

How do you set your stops?

The SL is the opposite entrance trigger.

That's correct and the main problem. There are some realy big losing trades and a lot of small winners...

Edit: I'm just curious. Babypips.com has deleted my thread there, even it's completely free... Strange things going on...

Regards - Xaron

hmmmm...that's odd. Do you have any banner ads?

Hmm yes, I've added some on my page. But that can't be the problem?! There are ads on every page and these ads on my page aren't so heavy.

There is a thread there for the Daily20pip system where the page contains more ads than I've ever seen before on a page.

Regards - Xaron

Gosh, I don't know. You might email and ask them. Maybe it was a mistake.

Well actually it doesn't matter. If my system really works (I start to trade it live with a small account now) it really doesn't matter...

Regards - Xaron

interesting system, thanks for sharing.

If you are filled and your TP or SL is not hit, do you exit at the end of the week?

chuck, He has a real thorough explanation of the rules over at his web site. Its free.

I think I can answer your question. You let the trade run until it hits either the PT or the SL. I think the only time it's interrupted is to close it Friday evening. Don't quote me on that part.

Yep. Currently other guys try to verify my results. I've already found a nasty bug in my script, so the overall performance is lowered to about 23k pips with a max drawdown of 1,2k pips.

It's still not clear if this system really works over a longer period.

Regards - Xaron

Hi. I visited your site and could not enter the forum on the site since I do not have log in info or password. How does one get the log in info for the forum on your site

Hi,

thanks for your post. You have to register there to visit the forums.

Regards - Xaron

Hi all,

here come the results for the first two weeks trading this live.

So far I had 3 closed trades, 2 losses and a winner.

Results in Pips (starting 09/07)
AUD/JPY: +0
AUD/USD: -142
EUR/USD: -143
GBP/JPY: +70
NZD/USD: +0

But currently there are 4 trades open, which are several 100 pips in plus. So my back- and forward tests show the same result in theory and practice.

Well, 2 weeks are nothing, but I'll keep you up to date with the results.

Regards - Xaron

Hi,

I had a mistake in my scripts, so the charts from posting #2 aren't correct any longer. So here come the correct ones:

The overall pip curve using all 5 pairs:
http://www.weeklypips.com/charts/pip...all_small2.jpg
Click here for a larger image!

The single trading days:
http://www.weeklypips.com/charts/trades_all_small2.jpg
Click here for a larger image!

Regards - Xaron

And here come the single curves for the pairs
(green=value of the pair, red=pips made)

As you can see it might be important to use such a "pair-mix":

AUD/JPY
http://www.weeklypips.com/charts/pip...jpy_small2.jpg
Click here for a larger image!

AUD/USD
http://www.weeklypips.com/charts/pip...usd_small2.jpg
Click here for a larger image!

EUR/USD
http://www.weeklypips.com/charts/pip...usd_small2.jpg
Click here for a larger image!

GBP/JPY
http://www.weeklypips.com/charts/pip...jpy_small2.jpg
Click here for a larger image!

NZD/USD
http://www.weeklypips.com/charts/pip...usd_small2.jpg
Click here for a larger image!

Regards - Xaron

Hi,

here are the results again.

We had some nice trades, 2 trades are still open.

Results in Pips since 01-Sep-07
AUD/JPY: +0
AUD/USD: +99
EUR/USD: +74
GBP/JPY: +70
NZD/USD: +246

Regards - Xaron

Hi,

here are the results again.

Results in Pips since 01-Sep-07
AUD/JPY: +469
AUD/USD: +99
EUR/USD: +74
GBP/JPY: +70
NZD/USD: +246

Regards - Xaron