the Set and Forget Pivot Net system | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

A student's Set 'n Forget System Journal 6 replies

Set It And Forget It 5 replies

NEW " SET & FORGET" Forward Testing for VP Day Trading System 16 replies

Set it & Forget it GBP and CHF signals... 6 replies

Attachments: the Set and Forget Pivot Net system
Exit Attachments

the Set and Forget Pivot Net system

  • #81
  • Sep 3, 2008 7:30am Sep 3, 2008 7:30am
Unfortunately I didn't get in and test things out last night, but I have reformatted the excel file to show the averages in Pips. But using the Oanda highs and lows, I came up with different numbers for the average daily range than Blueace did. Any ideas why they'd be different? Could it be because I didn't use the Sunday numbers? I didn't think they were supposed to be included.

Cheers everybody
Attached File(s)
File Type: xls Daily Range.xls   23 KB | 459 downloads
  • #82
  • Sep 3, 2008 8:59am Sep 3, 2008 8:59am
I missed my E/J TP by 2 pips, but thats because I didnt add the spread, on my platform the price hit S2 right on the number. So it should have been a win, thats why im still trading micro lots.
My G/U hit TP, and I didnt take the G/J trade, which missed S2 by 4 pips on my platform. So good week so far,
Im going to be out of town for the rest of the week so i'll have to start again next week.
Good luck everyone
Nick
  • #83
  • Sep 3, 2008 10:09am Sep 3, 2008 10:09am
Quoting 555ngone
I missed my E/J TP by 2 pips, but thats because I didnt add the spread, on my platform the price hit S2 right on the number. So it should have been a win, thats why im still trading micro lots.
My G/U hit TP, and I didnt take the G/J trade, which missed S2 by 4 pips on my platform. So good week so far,
Im going to be out of town for the rest of the week so i'll have to start again next week.
Good luck everyone
Nick,

On my EJ trade it came within 1 pip of my TP, but it's still alive and we'll see where she lands. It's all about Set and Forget. Same with GJ it came close but is still open.

There's some major resistance in the 192.50 area for GJ so it will be interesting to see where it moves from there.
we'll see how she ends for GJ and EJ.

have a great rest of the week.
  • #84
  • Sep 3, 2008 10:30am Sep 3, 2008 10:30am
Quoting fkforex
Unfortunately I didn't get in and test things out last night, but I have reformatted the excel file to show the averages in Pips. But using the Oanda highs and lows, I came up with different numbers for the average daily range than Blueace did. Any ideas why they'd be different? Could it be because I didn't use the Sunday numbers? I didn't think they were supposed to be included.

Cheers everybody
fkforex thanks again for your work on the spreadsheet.

I'm looking at the daily chart to figure the daily average from last week. Just using the HH and the LL of each day. I also do not calculate Sunday into the average as that day is rarely consistent. How far off are our averages?
  • #85
  • Sep 3, 2008 10:57am Sep 3, 2008 10:57am
First off I am going to move my SLs to break even. GJ and EJ with the market closing are less likely to make it to the TP especially with the resistance they've both encountered near our TP. We'll see how they finish up though.

Also we missed a trade on EU last night. The EU actually qualified to be traded, but due to the unexpected movement at 00:00 EST we didn't have a chance to set it up. As you can see looking back at it it would have been another TP.
  • #86
  • Edited 11:56am Sep 3, 2008 11:43am | Edited 11:56am
Quoting blueace
fkforex thanks again for your work on the spreadsheet.

I'm looking at the daily chart to figure the daily average from last week. Just using the HH and the LL of each day. I also do not calculate Sunday into the average as that day is rarely consistent. How far off are our averages?
Just glad to be able to help out a little

I still don't understand the differences that we got. I pulled the high and low from the daily candles from the previous week but we got different numbers. Is HH and LL somehow calculated?

I was also wondering if a trailing stop could be used to maximize profit?
  • #87
  • Sep 3, 2008 12:23pm Sep 3, 2008 12:23pm
Quoting fkforex
Just glad to be able to help out a little

I still don't understand the differences that we got. I pulled the high and low from the daily candles from the previous week but we got different numbers. Is HH and LL somehow calculated?

I was also wondering if a trailing stop could be used to maximize profit?
I'm not sure why we would have gotten different numbers. If you have the 'ignore' setting for weekend numbers turned on at all it might affect your numbers. I have left in the weekend information. So that might be the difference in the Friday's calculation.

As far as a trailing stop feel free to use it, but I like to give my trade room to 'breathe'. A trailing stop with this system would probably turn out more SLs than TPs if you use one, but I haven't tested it so I can't say for sure.
  • #88
  • Sep 3, 2008 1:02pm Sep 3, 2008 1:02pm
Quoting blueace
I'm not sure why we would have gotten different numbers. If you have the 'ignore' setting for weekend numbers turned on at all it might affect your numbers. I have left in the weekend information. So that might be the difference in the Friday's calculation.

As far as a trailing stop feel free to use it, but I like to give my trade room to 'breathe'. A trailing stop with this system would probably turn out more SLs than TPs if you use one, but I haven't tested it so I can't say for sure.
Ya I'm not sure. I haven't changed any settings as I haven't used Oanda before, so I'm really not sure what's going on. Where would I look to change the weekend settings? I don't want to be getting into trades if I really shouldn't be
  • #89
  • Sep 3, 2008 1:46pm Sep 3, 2008 1:46pm
Quoting fkforex
Ya I'm not sure. I haven't changed any settings as I haven't used Oanda before, so I'm really not sure what's going on. Where would I look to change the weekend settings? I don't want to be getting into trades if I really shouldn't be
the settings can be found in 'tools' then 'user preferences' make sure under the 'chart' tab that 'ignore weekend data' is UNchecked.
  • #90
  • Sep 3, 2008 4:58pm Sep 3, 2008 4:58pm
I'm not getting identical numbers to Blueace, either. Here is a comparison of what I am coming up with for the daily ranges for last week ("BA" for Blueace, "SH" for Scott Henry):

GBP/JPY
BA: 194.8
SH: 194.88

GBP/USD
BA: 172.8
SH: 172.54

EUR/USD
BA: 158.1
SH: 135.16

Fkforex, what are you coming up with? That last one is *really* quite different. Blueace, here is what I had for each day last week for the EU pair. Please see where this differs from yours. Thanks.

EUR/USD
8/25/08: 112.2
8/26/08: 171.3
8/27/08: 126.2
8/28/08: 139.2
8/29/09: 126.9

Avg: 135.16

Scott

Quoting fkforex
Unfortunately I didn't get in and test things out last night, but I have reformatted the excel file to show the averages in Pips. But using the Oanda highs and lows, I came up with different numbers for the average daily range than Blueace did. Any ideas why they'd be different? Could it be because I didn't use the Sunday numbers? I didn't think they were supposed to be included.

Cheers everybody
Prices are never too high to begin buying or too low to begin selling.
  • #91
  • Sep 3, 2008 7:11pm Sep 3, 2008 7:11pm
maybe more typos are making into my postings that I thought. here are my numbers for last week.

Daily averages

EU 135.2
GU 172.8
GJ 194.8
EJ 158.1
UJ 101.1

I'm not going to say that calculation errors exempt from my spread sheet so I will recalculate them here in a little while. But as for now these are the numbers that I have been working with this week. (I double checked for typos this time...haha)
  • #92
  • Sep 3, 2008 8:31pm Sep 3, 2008 8:31pm
It looks like GU was right on, and UJ was really close. Here are my numbers from last week.

EU 135.2
GU 164.4
EJ 155.8
UJ 101.8
GJ 206.4

The numbers I used were all included in the attachment. If you have a chance, can you see where I went wrong?
  • #93
  • Sep 3, 2008 9:51pm Sep 3, 2008 9:51pm
That looks better, Blueace.

Thanks,
Scott

Quoting blueace
maybe more typos are making into my postings that I thought. here are my numbers for last week.

Daily averages

EU 135.2
GU 172.8
GJ 194.8
EJ 158.1
UJ 101.1

I'm not going to say that calculation errors exempt from my spread sheet so I will recalculate them here in a little while. But as for now these are the numbers that I have been working with this week. (I double checked for typos this time...haha)
Prices are never too high to begin buying or too low to begin selling.
  • #94
  • Sep 3, 2008 10:31pm Sep 3, 2008 10:31pm
Okay for a heads up for tonight we only have two pairs that meet our criteria.

GU and EJ

I will post my trading numbers shortly.

In reflection of last night. Yes we had unexpected movement right at 00:00 est. I was only able to enter GU, GJ and EJ. I did not have time to place my order for EU.

GU, GJ and EU (had I entered the trade) were all positive outcomes. EJ would still be going if I had not brought my SL up to break even. As of me writing this it would be about +40 pips. Not sure what the next half hour would have brought.

The reason for me bringing my SL to BE was the London session had closed and the price had moved over 50% away from our entry to TP for the second time. I also came within 1 pip of a TP much earlier in the 'night'. Oh well that's how trading goes.

So all in all the system gave me two positive trades for the night. That's four wins for the week. Had I been quick enough enough for the EU trade that would have been 5 wins for the week.
  • #95
  • Sep 3, 2008 11:13pm Sep 3, 2008 11:13pm
here are my numbers for tonight's pair. GU and EJ

I'm just glad the JPY pairs didn't fall through another trapdoor before I could get my orders placed.

GU
LONG
1.78315
SL
1.77783
TP
1.79043

SHORT
1.76667
SL
1.77245
TP
1.75871

EJ
LONG
157.650
SL
157.073
TP
158.415

SHORT
156.117
SL
156.619
TP
155.465

if you have any questions I'll check the thread again before retiring for the evening.
  • #96
  • Sep 3, 2008 11:32pm Sep 3, 2008 11:32pm
Blueace,

Can you provide your trading entries for tonight?

Much appreciated,

"Your Biggest Fan"!
  • #97
  • Sep 3, 2008 11:52pm Sep 3, 2008 11:52pm
Quoting Bobcat2
Blueace,

Can you provide your trading entries for tonight?

Much appreciated,

"Your Biggest Fan"!
really??? my orders are right above your post.

you must have missed them.

But I do like knowing that I have a 'biggest fan'. hopefully not in a "Misery" sort of way though.
  • #98
  • Sep 4, 2008 12:05am Sep 4, 2008 12:05am
Quoting fkforex
It looks like GU was right on, and UJ was really close. Here are my numbers from last week.

EU 135.2
GU 164.4
EJ 155.8
UJ 101.8
GJ 206.4

The numbers I used were all included in the attachment. If you have a chance, can you see where I went wrong?
From a quick look over of your numbers from last week. GJ wed numbers are very different from mine. Also Thurs EJ. Wed GU. The rest of the differences seem to come from the fact that I enter all numbers to the fraction of a pip. For example for any JPY pair I enter them as 110.111 and any other pair looks like this. 1.23456. Those fraction of pips add up.

THEN when they are averaged out in Excel I want my daily average to look like this 123.4. I only want 1 number after the decimal.

Hope that helps and thank you for your hard work!
  • #99
  • Sep 4, 2008 2:18am Sep 4, 2008 2:18am
Quoting blueace
really??? my orders are right above your post.

you must have missed them.

But I do like knowing that I have a 'biggest fan'. hopefully not in a "Misery" sort of way though.
Blueace,

I probably had not refreshed my screen at the time of my request...but, I really appreciate your help.
  • #100
  • Sep 4, 2008 7:18am Sep 4, 2008 7:18am
Unless I entered the wrong numbers, it looks like we had two losses last night.

Scott
Prices are never too high to begin buying or too low to begin selling.
3 traders viewing now