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RSI Daily Pivot Point System v2.0

  • #161
  • Jan 30, 2007 8:39pm Jan 30, 2007 8:39pm
Quoting Pluto2
Hi Kevin,
thanks for sharing with us. The Kinko Method is not for me. Your daily pivot system is the one that I am very comfortable with, suits my needs and style of trading. I hope that you are not going to abandon this trading metod. Not because I am affraid to make my own trading decisions, but it was interesting to see what other traders are doing with this method. If you feel that the backtesting result from the daily pivot system wasn't good enough, may be we can add a filter to this system. Anyhow, thanks for all your help.
Hi Pluto,
Different strokes for different folks! I will surely answer questions, but as I'm not trading this system anymore, will no longer post my trades. If you have any questions, I will surely answer them, but there is enough knowledge between my 2 Pivot Point threads that you should have a good idea of how to trade it.

Good luck!

Kevin
  • #162
  • Feb 1, 2007 8:16am Feb 1, 2007 8:16am
Entered Long GBP @ 1.9689. Any other takers?

Randy
  • #163
  • Feb 1, 2007 5:19pm Feb 1, 2007 5:19pm
I would say so... jan31 candle (on IBFX demo feed) touched the trendline and bounced up making it our pivot candle...and RSI seems to be turning upwards now... Is this the right interpretation?

http://img6.picsplace.to/img6/25/gbpusd.jpg

Quoting RandyG67
Entered Long GBP @ 1.9689. Any other takers?

Randy
  • #164
  • Feb 1, 2007 5:25pm Feb 1, 2007 5:25pm
Quoting wallym
I would say so... jan31 candle (on IBFX demo feed) touched the trendline and bounced up making it our pivot candle...and RSI seems to be turning upwards now... Is this the right interpretation?

http://img6.picsplace.to/img6/25/gbpusd.jpg
You guys have got it down! I'm glad to see this! I would certainly have taken that trade.
  • #165
  • Edited 7:27am Feb 4, 2007 7:05am | Edited 7:27am
Hi Kharvell, thanks for good system to trade. I have made an EA based on main rules of the system. IMO, it proved to be enough profitable. Have a look.
Attached File(s)
File Type: zip Backtest.zip   32 KB | 190,273 downloads
File Type: mq4 RSI-DPPS.mq4   10 KB | 1,098 downloads
  • #166
  • Feb 4, 2007 9:43am Feb 4, 2007 9:43am
Quoting forig
Hi Kharvell, thanks for good system to trade. I have made an EA based on main rules of the system. IMO, it proved to be enough profitable. Have a look.
Wow, those are some impressive results! Thanks for putting in the hard work for us!

Kevin
  • #167
  • Feb 4, 2007 4:53pm Feb 4, 2007 4:53pm
Quoting forig
Hi Kharvell, thanks for good system to trade. I have made an EA based on main rules of the system. IMO, it proved to be enough profitable. Have a look.
Thanks for this info. What program did you use for this backtest?
  • #168
  • Feb 5, 2007 12:11am Feb 5, 2007 12:11am
Quoting jeffreytp
Thanks for this info. What program did you use for this backtest?
It is Meta Trader - 4, or MT4. You may download it here:http://alpari-idc.com/mt4setup.exe
  • #169
  • Feb 6, 2007 6:28pm Feb 6, 2007 6:28pm
Hello. Did any else get put in a trade today around 20:00 in GBP/USD around 1.9708 going long? Is this right? Thanks, DL
  • #170
  • Feb 6, 2007 9:24pm Feb 6, 2007 9:24pm
Hey Daryl,

According to my rules, I believe this would indeed be a long trade. I wish you many pips! Btw are you using more than one method concurrently?

Regards,

Kevin
  • #171
  • Feb 6, 2007 10:21pm Feb 6, 2007 10:21pm
Hi Kevin,

I am trying both your BB and Pivot method. I also looking into SRDC, Fozzy, & Vegas. Thanks for helping out a newbie. I really appreciate it! DL
  • #172
  • Edited Feb 9, 2007 5:32am Feb 8, 2007 4:33pm | Edited Feb 9, 2007 5:32am
Quoting forig
Hi Kharvell, thanks for good system to trade. I have made an EA based on main rules of the system. IMO, it proved to be enough profitable. Have a look.
Try these settings in RSI-DPPS.mql on EURUSD and GBPUSD : SL=false,TS=25,TP=40. Very small drawdown but not for real account (without SL) of course
Good luck.
Attached Image
  • #173
  • Feb 8, 2007 5:56pm Feb 8, 2007 5:56pm
Forig

i am using NF broker... can u suggest.. what is the best setting...


Thanks
  • #174
  • Feb 9, 2007 12:50am Feb 9, 2007 12:50am
Quoting bandito
Forig

i am using NF broker... can u suggest.. what is the best setting...


Thanks
IMO the same settings will be good. And you may try to find your own settinds.
  • #175
  • Feb 9, 2007 2:51pm Feb 9, 2007 2:51pm
Quoting forig
IMO the same settings will be good. And you may try to find your own settinds.
May be this has already been asked and answered.
Could someone please point me to any post that explains how exactly to identify the low pivot and the high pivot on a daily chart?

Thanks a ton in advance.
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #176
  • Feb 9, 2007 5:39pm Feb 9, 2007 5:39pm
Quote
May be this has already been asked and answered.
Could someone please point me to any post that explains how exactly to identify the low pivot and the high pivot on a daily chart?

Thanks a ton in advance. http://www.forexfactory.com/images/buttons/quote.gif

Check the very first post in this thread, where Kevin explains the method in detail. Hope that helps.
Greetings from Guanajuato, Mexico
  • #177
  • Feb 12, 2007 9:41am Feb 12, 2007 9:41am
Try RSI-DPPS on 4H Gold. Here are some backtest resalts:
Attached Image
Attached File(s)
File Type: zip Gold4H.zip   28 KB | 702 downloads
  • #178
  • Dec 20, 2007 3:55pm Dec 20, 2007 3:55pm
Thanks 4 all ur analyses. Please, can u break down all ur trading syntax into the beginner's language?
  • #179
  • Dec 20, 2007 4:26pm Dec 20, 2007 4:26pm
Forig

Have you tried your EA in a live account or forward tested?
  • #180
  • Dec 21, 2007 7:54am Dec 21, 2007 7:54am
Kevin,

This is a great looking method. I don't know how I missed it the first time around.

I don't know if you'll see this, but if you do, I have a question:

A pivot (we'll assume a low) is a low with a higher low on each side of it.

You can't know it's a pivot until you see the higher low to the right of it.

Does this mean that the earliest entry would be on the second bar after the original low point?

Looking at a chart, I notice that frequently the second bar opens well past the magic number. Is that a no-trade?

Thanks and again I'm sorry I missed this when it was first posted.
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