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The Only Pivot

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  • #1
  • First Post: Feb 15, 2008 10:40pm Feb 15, 2008 10:40pm
The rule is using h1

1. if 2 SMMA WEIGHTED CLOSE CROSS UP the DAY OPEN LINE open LONG
at new candle

2. if 2 SMMA WEIGHTED CLOSE CROSS DOWN the DAY OPEN LINE open SHORT
at new candle

http://img137.imageshack.us/img137/1175/h1systemul4.gif

Attached File(s)
File Type: zip the_only_Pivot.zip   9 KB | 8,567 downloads
(Special Thanks to Steven Ali for this method)

Works very well on pairs like GBPUSD, EURJPY, GBPJPY

I am able to make daily 200pip+ using this on the GBPJPY & this week i made 200pip+ on all 5 days.

Enjoy!
MR T
prepare for worst & expect the best
  • #2
  • Feb 15, 2008 11:04pm Feb 15, 2008 11:04pm
nice, congratulations on your 1000+ pip week last week - a bit short on money management though. Do you place a stop and take profit orders or are you "always in" with stop and reverse orders with each signal? also, what if there is no cross and the ma stays to one side of the days open - do you open a position in that direction or is it simply no trade?
BTC Return This Year: na
  • #3
  • Feb 15, 2008 11:22pm Feb 15, 2008 11:22pm
Quoting M.A.C.Doug
nice, congratulations on your 1000+ pip week last week - a bit short on money management though. Do you place a stop and take profit orders or are you "always in" with stop and reverse orders with each signal? also, what if there is no cross and the ma stays to one side of the days open - do you open a position in that direction or is it simply no trade?
Usually i leave the trades open with no stops, once it goes up like 30-40pips, i put a pip capture stop and leave the trade "on" with a no risk trade.

A simple way to rule out the possibility of sideways/ranging market is to wait for a stipulated amount of pips, like wait for price to cross go up/down by 30pips at least in GBPUSD and EUR/JPY or 45-50pips in gbp/jpy before you entry it.

Quote
"what if there is no cross and the ma stays to one side of the days open - do you open a position in that direction or is it simply no trade?"
<<-- Then u simply go one way! Cuz its still a running trend!

prepare for worst & expect the best
  • #4
  • Feb 15, 2008 11:41pm Feb 15, 2008 11:41pm
Congrats it seems like a really lucrative and simple trading method, i will try it next week.
  • #5
  • Feb 16, 2008 12:26pm Feb 16, 2008 12:26pm
Thank you for share your system , i will try
  • #6
  • Feb 16, 2008 2:54pm Feb 16, 2008 2:54pm
Thanks for sharing.

You also use the momentum indicator. Any rules on how this works with your cross indicators?

Thamks
Pardy
  • #7
  • Feb 16, 2008 3:03pm Feb 16, 2008 3:03pm
For original thread go to forex-tsd.
  • #8
  • Feb 16, 2008 3:08pm Feb 16, 2008 3:08pm
Quoting Pardy
Thanks for sharing.

You also use the momentum indicator. Any rules on how this works with your cross indicators?

Thamks
Pardy
Hi Pardy, Momentum is just an oscillator indicator, useful for exit points. When the momentum is high its like an exit point for long trade and when momentum is low its exit point for sell trade.

You can use any kind of oscillator like RSI or stochastic.
prepare for worst & expect the best
  • #9
  • Feb 16, 2008 4:18pm Feb 16, 2008 4:18pm
Quoting tony_dtrader
The rule is using h1

1. if 2 SMMA WEIGHTED CLOSE CROSS UP the DAY OPEN LINE open LONG
at new candle

2. if 2 SMMA WEIGHTED CLOSE CROSS DOWN the DAY OPEN LINE open SHORT
at new candle

http://img137.imageshack.us/img137/1175/h1systemul4.gif

Attachment (Special Thanks to Steven Ali for this method)

Works very well on pairs like GBPUSD, EURJPY, GBPJPY

I am able to make daily 200pip+ using this on the GBPJPY & this week i made 200pip+ on all 5 days.

Enjoy!
MR T
Hi thanks to share with us , but the indicators can t extract to metatrader ??
There is anyone with this problem ?

Luk
  • #10
  • Feb 16, 2008 4:35pm Feb 16, 2008 4:35pm
You have to unzip the file to get the indicators, and then copy to MT4 libraries. IS that what you are talking about?
  • #11
  • Feb 16, 2008 5:01pm Feb 16, 2008 5:01pm
Quoting et_phonehome_2
You have to unzip the file to get the indicators, and then copy to MT4 libraries. IS that what you are talking about?
Thanks et_phonehome_2 for your help, it was a windows bug ! I restarted my computer and now it works ! it s a miracle !

Luk
  • #12
  • Feb 16, 2008 7:38pm Feb 16, 2008 7:38pm
Quoting PipsRider
Hi thanks to share with us , but the indicators can t extract to metatrader ??
There is anyone with this problem ?

Luk
The zip has 3 files. close the metatrader and copy the .ex4 to "experts/indicators" folder. And copy the .tpl to the "templates" folder.

Restart metatrader & open up GU EJ GJ 1hourly charts, right click>select template and choose the "win" template to auto load the indicators and chart template.

mR t
prepare for worst & expect the best
  • #13
  • Feb 16, 2008 7:41pm Feb 16, 2008 7:41pm
Quoting PipsRider
Thanks et_phonehome_2 for your help, it was a windows bug ! I restarted my computer and now it works ! it s a miracle !

Luk
Get ready for next week GJ using this, everyday will be a 100-200pip+ miracle
prepare for worst & expect the best
  • #14
  • Feb 16, 2008 8:23pm Feb 16, 2008 8:23pm
Quoting tony_dtrader
Get ready for next week GJ using this, everyday will be a 100-200pip+ miracle
Thanks Mr. T for sharing this great system.... I did a few months back testing and looks GREAT. I'll be trying this next week.
I hope you post your trades as you open them so some of us can follow.
P.S. Think "positive(+)"
  • #15
  • Feb 16, 2008 8:27pm Feb 16, 2008 8:27pm
Quoting elliotbeat
Thanks Mr. T for sharing this great system.... I did a few months back testing and looks GREAT. I'll be trying this next week.
I hope you post your trades as you open them so some of us can follow.
Sure man no sweats & i hope you guys can help make this system even more better, BTW this method is one of the hottest manual trading methods in forex-tsd.
prepare for worst & expect the best
  • #16
  • Feb 16, 2008 9:04pm Feb 16, 2008 9:04pm
Seems a no-brainer. A system based on SMA is .......... Average.
  • #17
  • Feb 17, 2008 12:19am Feb 17, 2008 12:19am
Quoting SunTrader
Seems a no-brainer. A system based on SMA is .......... Average.
Thats what even i thought, but after making pips dozens of times using this, its now my favorite system
prepare for worst & expect the best
  • #18
  • Feb 17, 2008 1:00am Feb 17, 2008 1:00am
Quoting tony_dtrader
Thats what even i thought, but after making pips dozens of times using this, its now my favorite system
Incorporating Price Action and S/R levels, I have had some positve results as well.
Attached File(s)
File Type: ex4 TheOnlyPivot_MA Crossover Signal.ex4   4 KB | 2,480 downloads
Indicators show the past. Price Action "Indicates" the future.
  • #19
  • Feb 17, 2008 1:59am Feb 17, 2008 1:59am
Quoting jarroo
Incorporating Price Action and S/R levels, I have had some positve results as well.
some more stuff

Attached File(s)
File Type: mq4 TheOnlyPivot_Level_Sun.mq4   3 KB | 1,964 downloads

Attached File(s)
File Type: mq4 TheOnlyPivot_Signal_Sun.mq4   5 KB | 1,792 downloads


BTW,

"god will only show you the path.... But you must walk it, cuz god will not"
prepare for worst & expect the best
  • #20
  • Feb 17, 2008 2:21am Feb 17, 2008 2:21am
Hello,

Can you please explain entry and exit rules in more detail, I don't follow.

Thanks
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