Please Pivot EA

Quoting mpurdy1973

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the pivot formulas are:

------------
Pivot Points
------------
r3 = high + 2(pivot - low)
r2 = pivot + (r1 - s1)
r1 = 2 * pivot - Low
pivot = (high + close + low ) / 3
s1 = 2 * pivot - high
s2 = pivot - (r1 - s1)
s3 = low - 2(high - pivot)
-----------------
Fibo Pivot Points
-----------------
r3 = pivot + 1.000 * (high - low)
r2 = pivot + 0.618 * (high - low)
r1 = pivot + 0.382 * (high - low)
pivot = (high + low + close) / 3
s1 = pivot - 0.382 * (high - low)
s2 = pivot - 0.618 * (high - low)
s3 = pivot - 1.000 * (high - low)

which pivots do you want to used?
what period is the pivots (weekly pivots, daily pivots, etc)?

from the screenshot it looks like you are using daily pivots and trading of a 4 hour chart; is that correct?

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Quoting nsr3000

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thank you for your post

I use Pivot Points

yes the screenshot it using daily pivots and trading of a 4 hour

we can use Fibo Pivot Points and we can use weekly pivots , if this easy .

thank you very much

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Quoting mpurdy1973

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yes, this should be fairly easy...it late now (New York time), however, i can do this tomorrow.

i would like to know more about trading with pivots, if you could help with that, i would gladly help you writing the code.

i will create with daily pivots and fibo pivots...and then go from there.

matt

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Quoting nsr3000

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thank you for help me

trading with pivots is very important, you can trading with many rules

for Example :
like Example above with the screenshot
I want the Expert to test this rules for confirm it or change for the TP and SL

I have Many ideas we can discussion it together.
I'm Pleased for discussion with you , and I had won new friend

I'm Waiting you

please excuse me for my weak English Language

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Quoting mpurdy1973

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i didnt not get the EA done yet (have to do that tomorrow, however i did do the indicator:

blue lines: are high and low
red line: pivot point
green line: is the close (you can choose not to see this)
yellow vertical lines: are the begining of the day (midnight GMT) (you can choose not to see this)

check it out and see what you think...then i can use the ICustom interface to create the EA tomorrow

the blue line

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Quoting nsr3000

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we did not need to high , low and beginning of the day
we need Only Pivot point and it found in many indicators, like as with screen shot

thank you for your effort, and I still waiting the EA with the rules in post #1

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Quoting mpurdy1973

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here is the modified indicator and the EA.
i did some backtesting and it is successful.

sorry it took so long, however, i tried to use ICustom but it didnt work (im new to mq4...have to get some help on it) so i wrote the logic again inside the EA.

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Quoting mpurdy1973

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The indicator works fine, however, the EA has some problems...please DONT use it! i will post an updated one when it is works.

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Quoting nsr3000

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thank you for your effort

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Quoting mpurdy1973

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attached is the indicator and EA, both work correctly now; however, here are a few things to think of:

since the EA only checks to see if the the last candle straddles the pivot value it is not that effective because:

1) each day the pivot changes the first test compares the last candle that was on the previous day's pivot is compare to the new pivot (i think no trading should be done at that first candle)

2) if the trend is heading down and last candle straddles the pivot and the next candles open about it, the EA goes long (i think you should first check the last three candle to determine the direction)

3)if only the wick touches and crosses the pivot the EA still triggers a buy/sell on the next open ( i think it trigger should be if the open/close straddles the pivot instead of the high/close)

i could change the code if you wanted me to?

also after you do backtesting open the chart and put the indicator on it so you could see where the tiggers happen based on the indicators.

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Quoting nsr3000

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the EA Not Correct.

it's opened many lots in the same time, And it not work according to the Rules.

thanks A lot

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Quoting mpurdy1973

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i see i should have used open and close instead of high and low (sorry i dont know how i remembered it wrong) however, i test if(Volume[0] == 1) which only allows to purchase one trade per candle.

question, do you never want more than one trade at a given time even if the signal trigger many times?

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Quoting nsr3000

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yes I want one trade at a given time even if the signal trigger many times

thanks A lot

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Quoting mpurdy1973

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attached is the new EA and indicator...they both work correctly, however, one thing to think about:

on the zero hour candle (midnight GMT) the comparision is based on the previous day's pivot value, because that candle starts on the previous day and and closes on the new day; this is correctly logic, however if you are to put the indicator on the chart it will look wrong because the indicator draws the line from the zero candle to the zero - 1 candle.

note: i added a flag ExtOneTradeAtATime which by default is true...if you wish to trade as many time as the signal is triggered, set this to false. you can also change the number of lots ,and your stop and target value, which gives you flexibility on smaller time frames (when back testing use optimization if you want to test different values for targets and stops)

matt

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Quoting nsr3000

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It's very good
Thank you very much
the EA work very well

but appear this message :

Function "writeToFile" is not referenced and will be removed from exp-file

what it's the mean?

are we can add Money management 10% from capital, and option auto close if confirm condition reversing trade ?

best greetings

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Quoting mpurdy1973

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the warning message is because i create a function writeToFile for debuging purposes and never delete it. since the function is never called, it show the warning message...if you want to just delete that function and re-compile.

yes i can add money management (i.e. always trade 10% of available funds instead of 1 lot (the % can be a input variable so you can change it)

yes auto close is fine...just tell me the conditions to auto close.

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Quoting nsr3000

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the conditions to auto close :
close Buy when condition sell confirmed
close Sell when condition Buy confirmed
thanks a lot

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