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the Set and Forget Pivot Net system

  • #41
  • Aug 31, 2008 9:10am Aug 31, 2008 9:10am
Quoting 555ngone
Brucewhain, and any one who might be interested, i found this pivot indicator for MT4 which allows you to enter a gmt shift. I cant remember where i got it but you can mess with it, might be what your looking for.

I found that when your on the hour that the pivot is set for you have to either go to a 5 or a 15 min chart and wait for the first candle to close in that hour for the pivots to register, or wait for the next hourly candle to close. Otherwise you will be reading the previous days pivots.

Any way that's what i got out of it, but i might be missing something, let me know what you guys find.
Thanks for the pivot. But I have a question as How am I to preset the GMT shift for gmt 4:00 as my pivot line ?

Thanks in advance.
Banker please return my pipins.
  • #42
  • Aug 31, 2008 9:17am Aug 31, 2008 9:17am
That depends on what platform you are using, and what time zone they use. I use ibfx and i set it to 4, but i might be wrong it might be 5. The daylight savings confuses me sometimes.
My pivots were the same as blueace's, within a pip when i used the 4 setting.

What platform are you using?
Nick
  • #43
  • Aug 31, 2008 9:46am Aug 31, 2008 9:46am
Hi @ll,

I've just gone thru my indicator collection. Just found something nice to share on daily pivot indicator with R1,R2,R3 & S1,S2,S3. Hope it does good for everyone here. Just make sure to set the Starting hour to 4, as I'm using IBFX.
Attached File(s)
File Type: mq4 ST-Pivot Points.mq4   10 KB | 633 downloads
File Type: ex4 ST-Pivot Points.ex4   9 KB | 557 downloads
Banker please return my pipins.
  • #44
  • Aug 31, 2008 9:47am Aug 31, 2008 9:47am
Quoting 555ngone
That depends on what platform you are using, and what time zone they use. I use ibfx and i set it to 4, but i might be wrong it might be 5. The daylight savings confuses me sometimes.
My pivots were the same as blueace's, within a pip when i used the 4 setting.

What platform are you using?
Thanks. But I got something nicer for all ...
Banker please return my pipins.
  • #45
  • Aug 31, 2008 9:54am Aug 31, 2008 9:54am
Hi Blue@ce,

Thanks for sharing such simple system. I've just digested your method, perhaps, I can perform a forward test and see the result.
Banker please return my pipins.
  • #46
  • Aug 31, 2008 10:18am Aug 31, 2008 10:18am
Nice indicator, great for back testing, just wish it displayed pivot levels on the right.
thanks for sharing.
Nick
  • #47
  • Aug 31, 2008 10:21am Aug 31, 2008 10:21am
Quoting 555ngone
Nice indicator, great for back testing, just wish it displayed pivot levels on the right.
thanks for sharing.
I wish to, however I'm just a techie. Not good in C development. Perhaps someone can assist, as the source I've also attached. Thanks to a thread which I've downloaded it about half year ago. Luckily I still keep the indicator
in my thumbdrive....
Banker please return my pipins.
  • #48
  • Aug 31, 2008 1:00pm Aug 31, 2008 1:00pm
Thanks for your help guys. I'm still tinkering with the ST-Pivot Points indicator as I like how it leaves the past PPs on the chart for quick visual backtesting. I'm just using MT4 demo with Alpari ticks to run it on and it looks like setting it to 4 GMT is pretty accurate. I'll have to compare the numbers with Oanda's PPs more to know for sure though.

thanks again so much for your efforts.
  • #49
  • Aug 31, 2008 3:27pm Aug 31, 2008 3:27pm
For those of you using the Oanda provided PPs. I wanted to let you know that I set the PPs using the daily chart view then go to the 1 hour view to get an accurate # reading to add my formula to.

Thanks TheHenryFam for bringing that to my attention.
  • #50
  • Aug 31, 2008 7:00pm Aug 31, 2008 7:00pm
Hi Blu3@c3,

No sweat, as long as the methods work for everyone. I like to systems, hope it does for me. But I think I gotto test on my FXCM platform. sometimes, the spread is quite high during prime time and also evaluate which platform better for this nice set and forget system.
Banker please return my pipins.
  • #51
  • Sep 1, 2008 11:05pm Sep 1, 2008 11:05pm
Hi, Blueace hows it going.
Looks like the only possible trades for tonight are the e/u and u/j.
Did I miss any others, and will you be taking these.
Nick
  • #52
  • Sep 1, 2008 11:19pm Sep 1, 2008 11:19pm
right on time Nick...I was busy working on this post when you wrote. Yes you are right about EU and UJ.


Here are my daily averages based on last weeks movement.

EU 135.2
GU 172.8
GJ 194.8
EJ 158.1
UJ 101.1

The only two pairs that qualify for tonight are EU (110.7) and UJ (96.1).

EU
buy: 1.46426
SL: 1.45945
TP: 1.47077

sell: 1.45264
SL: 1.45567
TP: 1.44879

UJ
buy: 108.766
SL: 108.455
TP: 109.143

sell: 107.751
SL: 108.167
TP: 107.218
  • #53
  • Sep 2, 2008 12:05am Sep 2, 2008 12:05am
Hi, Blueace thanks for the reply, Im going to take those trades on a micro and see how they go.
Nick
  • #54
  • Sep 2, 2008 12:10am Sep 2, 2008 12:10am
Thank for input. Let me preset on demo for testing. Rush out today...
Banker please return my pipins.
  • #55
  • Sep 2, 2008 12:37am Sep 2, 2008 12:37am
Hi Blueace,

Probably a stupid question but as they say there are no stupid questions. Could you please list the days (dates) you use for the calculations. Meaning "tonight's", "previous day", "last week's" etc which are not clear to me. I understand that yesterday was disregarded.

What got me confused was 1- the fact that the text from the MultiPivotsv2 indicator shows the "current day" with yesterday's data, and "previous day" with the day's before data. 2- Maybe I stil have the wrong timing on the charts, although I changed the indicator's time to GMT+4. I use IBFX whose charts are gmt.

BTW. Aren't the entry points R1+20 and S1-20 and not 2?

I'll appreciate your clearing that up.
Thanks a lot

Herty
  • #56
  • Sep 2, 2008 12:50am Sep 2, 2008 12:50am
Thanks for the settings and entries for tonight's trades...much appreciated. Could you continue to make these posts for awhile until I get math down?
  • #57
  • Sep 2, 2008 1:35am Sep 2, 2008 1:35am
Hi Blueace,

Did you make any trades on GBP/USD last week? If yes, what are the results? Thanks in advance!
  • #58
  • Sep 2, 2008 3:49am Sep 2, 2008 3:49am
'xcuse the long silence. Downloaded 52 trojans Saturday and took a while to get back online. Everything works perfect again thanks to freeware MalwareBytes' Anti-malware.

IBFX is alway GMT. So now it's five hours different from EDT; in the winter 6 from EST. (Add hours as you go west.)

An adjustable pivot indicator sounds good and will try 'em out and see what I get. Thanks.
  • #59
  • Sep 2, 2008 4:15am Sep 2, 2008 4:15am
Hi @ll,

FYI, EU Sell Entry pickup and Hit Target on FXCM.

EU Sell - 38.5pips.
EU Buy - Pending.
UJ Sell - Pending.
UJ Buy - Pending.
Banker please return my pipins.
  • #60
  • Sep 2, 2008 5:11am Sep 2, 2008 5:11am
FYI, UJ Buy Entry pickup. I'm packing for home. So dont know the result.

UJ - Buy - In process
UJ - Sell - Pending
Banker please return my pipins.
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