Bar Pivot System

I am looking to see if this simple bar system has any merit. or has been done before
It is a work in process but any input would be great.
please see attached if anything is not clear please let me know or make a suggestion

I have only just started forward testing on a 1hr TF

Cheers

Oh well I guess it must not have much merit, anyway I have attached my effort trying to trade this see attached

any way 180pip this evening

Hi, Kiwi.

I'd certainly be interested in seeing some of your charts.

By waiting for 3 bars you might be waiting a little longer than needed... but such a small TP probably works out either way. Was your SL fixed at 25 pips each trade? How did the <1.0 R/R work out for you?

Have you tried cutting down the required bars to 2? Basically just waiting for a swing low to go long or a swing high to go short? Not sure how that would work out... but just a thought I've had.

Anyway, for what it's worth I think it's interesting. I like simple price action techniques.

Thanks for the replies
I trade part time, well very part time at the moment so I have used an old EA and modified it to do the entry and TP for this system attached is a screen shot it seems to enter at the right place but I will see over the next couple of weeks.

Cheers

Ok I would appreciate some help if possible (I can't Code) I would like someone to alter the version of the 10p3 ea I have added the BPS set up but need to add a function to close the orders when the reversal signal is generated. I can appreciate that its a martingale set up and it with all probability will blow up an account but we have to try these things in order to progress.

I am also looking to change the sl to a percentage of equity stop if possible

TP Possible change I have had an idea of using and ATR set to period 1 and using the RSI as a percentage.
e.g
ATR = 22
RSI = 62.0 but use this as a percentage of ATR
TP = 13.64 pips


Any help would be great

Cheers

Kiwi

I have still been looking at this very simple system.
Attached is a chart for you to look at.
I have been using the
H+L+C/3 to get the bar pivot point.
if the open is below the pivot then sell if open above the pivot then buy
TP ?
SL ? & Reversals
Kelly for compounding?

Any comments be it good, bad or ugly

Cheers


Kiwi

Here is an EA I have just started testing the back tests look ok.