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The Only Pivot

  • #41
  • Feb 17, 2008 3:35pm Feb 17, 2008 3:35pm
Quoting booktimes
Hi Guys
I am unable to open zip files too and wondered if anyone can upload a ea to just insert into mt4
respect
Tom(uk)
There is no EA. There are only 2 indicators and the template. EA comes from "Expert Advisor" and it’s a program which basically makes the trades for you according to the rules from the program code. Hope that brings some light to you! J
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #42
  • Feb 17, 2008 3:36pm Feb 17, 2008 3:36pm
Thank you very much Cornelius, Gico, and Elliotbeat, for posting the files I need for this system. Your spirit of sharing is awesome and I hope to contribute to all of you with positive input of my own.....T-Wolf
  • #43
  • Feb 17, 2008 3:41pm Feb 17, 2008 3:41pm
what about this one?
Attached File(s)
File Type: mq4 pivot_v_1_2.mq4   10 KB | 824 downloads
TRADE FOR SWAP
  • #44
  • Feb 17, 2008 3:49pm Feb 17, 2008 3:49pm
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.
Although the entry rules seem to be simple, there are some problems. How about this case? Elli, you mentioned to have great results in back testing. On what months did you made your back testing? I hope Tony will post his entries and some supplementary explications on the following week.
Attached Image (click to enlarge)
Click to Enlarge Name: single_pivot.gif Size: 45 KB
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #45
  • Feb 17, 2008 3:53pm Feb 17, 2008 3:53pm
that trade would be filtered by the down-sloping momentum indicator.
TRADE FOR SWAP
  • #46
  • Feb 17, 2008 4:01pm Feb 17, 2008 4:01pm
Quoting cgldsmth
that trade would be filtered by the down-sloping momentum indicator.
So is a short one. The problem is that Tony specified that the momentum is to be used for the exits, not for the entries. Anyway, thanks!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #47
  • Feb 17, 2008 5:05pm Feb 17, 2008 5:05pm
Quoting Cornelius
Although the entry rules seem to be simple, there are some problems. How about this case? Elli, you mentioned to have great results in back testing. On what months did you made your back testing? I hope Tony will post his entries and some supplementary explications on the following week.
Cornelius, I only tested Jan-Feb data. And yes you are right there have been some positions that turned back however i observed if this happens wait for the next signal to show up and ride that trade. That is just my observation.
Attached Image
P.S. Think "positive(+)"
  • #48
  • Feb 17, 2008 5:14pm Feb 17, 2008 5:14pm
Shorted GBPJPY at 211.00 since travelling sideways, let's see how it goes... Ideally should wait for candle close since its a Sunday; I'm no expert in this system just I use it live trading....
  • #49
  • Feb 17, 2008 5:14pm Feb 17, 2008 5:14pm
I have a buy signal @211.08 however I don't like the fact that candle closed bearish.. I will wait till Tony posts his entry...
Attached Image
P.S. Think "positive(+)"
  • #50
  • Feb 17, 2008 5:15pm Feb 17, 2008 5:15pm
Quoting et_phonehome_2
Shorted GBPJPY at 211.00 since travelling sideways, let's see how it goes...
Usually Monday pivot previous isn't smooth signal as a regular day, due to the 2 days weekend gap and price opens somewhere else from the Friday last candle close. I think its long trade. Better to wait for 2-3 x 1hourly candles before decision.
prepare for worst & expect the best
  • #51
  • Feb 17, 2008 5:28pm Feb 17, 2008 5:28pm
Quoting elliotbeat
I have a buy signal @211.08 however I don't like the fact that candle closed bearish.. I will wait till Tony posts his entry...
Elliotbeat

Depending on your broker, the signal will be different. When demoing, some brokers have up signal while others may have down signal. Stevenali used IBFX as his trading platform. From prior testing, sometimes one will get you in earlier than IBFX, but then there were situations where IBFX got one earlier before the reversal.

Let's see how it goes..... IBFX has not shown any signal yet. Usually if one showed long then most likely will be a long entry. On my platform, MIG shows long while IBFX has no indication yet.
  • #52
  • Feb 17, 2008 5:33pm Feb 17, 2008 5:33pm
Quoting et_phonehome_2
Elliotbeat

Depending on your broker, the signal will be different. When demoing, some brokers have up signal while others may have down signal. Stevenali used IBFX as his trading platform. From prior testing, sometimes one will get you in earlier than IBFX, but then there were situations where IBFX got one earlier before the reversal.

Let's see how it goes..... IBFX has not shown any signal yet. Usually if one showed long then most likely will be a long entry. On my platform, MIG shows long while IBFX has no indication yet.
You don't need to sweat it about the which broker and what GMT, just wait for the price to at least hit 30pip above/below the daily open price, then its a more better confirmations.
prepare for worst & expect the best
  • #53
  • Feb 17, 2008 5:40pm Feb 17, 2008 5:40pm
OK ive gone long on EJ @ 158.33, stop at 157.75 & GJ @ 211.29, stop @ 210.50

Lets hope, all looking rozy in uptrend in 4hour, daily, 15min and 1hour pivot only. Im in!

But if price starts falling like 15-20pip below daily open on ej gj. ill probably out with the loss. Looking good for now
prepare for worst & expect the best
  • #54
  • Feb 17, 2008 5:45pm Feb 17, 2008 5:45pm
Tony , how did u get a buy signal on EJ , I got a sell 45 min ago
  • #55
  • Feb 17, 2008 6:01pm Feb 17, 2008 6:01pm
I am long @211.11
P.S. Think "positive(+)"
  • #56
  • Feb 17, 2008 6:07pm Feb 17, 2008 6:07pm
Exited SHORT position, just got alert to go LONG.
  • #57
  • Feb 17, 2008 6:15pm Feb 17, 2008 6:15pm
et , can u post the EA ?
  • #58
  • Feb 17, 2008 6:18pm Feb 17, 2008 6:18pm
sorry , forgot to say PLEASEEEE !!!
  • #59
  • Feb 17, 2008 6:26pm Feb 17, 2008 6:26pm
UJ going nicely up so it looks we going to have a nive ride up , I thin i'm going to love this system , thanks Tony
  • #60
  • Feb 17, 2008 6:31pm Feb 17, 2008 6:31pm
Hi Et
I do not see any signals-arrows in my template. Is there a newer
version?
Senbanda
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