Pivot Trading with TudorGirl Indicator on any pair on 5 min timeframe | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Timeframe inside current timeframe - is that possible? 2 replies

Seeing higher timeframe indicators on lower timeframe 4 replies

TudorGirl EA (Help) 3 replies

Pivot indicator disappears after changing timeframe or settings 3 replies

How Do You Measure Volatility For Any Currency Pair? Is there Any Website/Indicator? 1 reply

Attachments: Pivot Trading with TudorGirl Indicator on any pair on 5 min timeframe
Exit Attachments

Pivot Trading with TudorGirl Indicator on any pair on 5 min timeframe

  • #61
  • Jun 13, 2009 7:31pm Jun 13, 2009 7:31pm
This is a sound system becos it incoporates support and resistance in the form of pivot points which is the basis of all trading. Just an advice if you are taken a trade during the US session after a big move during the Euro session, pls check the ATR of the pair you are trading, price may just bounce of at the M levels without getting to the next major pivot support and resistance levels.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #62
  • Jun 13, 2009 10:36pm Jun 13, 2009 10:36pm
Quoting TudorGirl
Guys

I think this point is VERY IMPORTANT!

The original rules could be misinterpreted easily. Wed is right when he says CROSSING up/down, not CLOSING.

If the price is between two pivot points, it could go either way. As the price approaches a pivot, it may bounce off or go thru.

We must WAIT and see, then take the trade ONLY if HG_0001a agrees! This should be a very safe trade but we need to test carefully.

Anne
This system looks to have merit. An improvement upon the orginal system possibly. I cant wait to try this out next week.
Believe and Achieve!
  • #63
  • Jun 14, 2009 2:10am Jun 14, 2009 2:10am
Quoting TudorGirl
Guys

I think this point is VERY IMPORTANT!

The original rules could be misinterpreted easily. Wed is right when he says CROSSING up/down, not CLOSING.

If the price is between two pivot points, it could go either way. As the price approaches a pivot, it may bounce off or go thru.

We must WAIT and see, then take the trade ONLY if HG_0001a agrees! This should be a very safe trade but we need to test carefully.

Anne
Hi Anne
Thank you for your work and your excellent indy.
You said you made an EA with this indy.
Is't correct ?
Could you attach it to try it ?
Best regards.
  • #64
  • Jun 14, 2009 2:43am Jun 14, 2009 2:43am
Hi All

Strategy is very interesting in theory and very simple. How is result? It is profitable strategy or not?
  • #65
  • Edited 6:04am Jun 14, 2009 4:28am | Edited 6:04am
hey guys, I tested EURUSD from Jan 2009 to Jun 2009. Worst month is Feb - early Mar which is the drop you see. 10k account trading with 1 full lot. The account end up with about 30k in 6 months.

I may consider to test this live with 0.01 lot
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 12 KB
  • #66
  • Jun 14, 2009 6:42am Jun 14, 2009 6:42am
Quoting forexisfx
hey guys, I tested EURUSD from Jan 2009 to Jun 2009. Worst month is Feb - early Mar which is the drop you see. 10k account trading with 1 full lot. The account end up with about 30k in 6 months.

I may consider to test this live with 0.01 lot
What is the TF for this test? 1 min or 5 mins or 1 hour?
  • #67
  • Jun 14, 2009 6:55am Jun 14, 2009 6:55am
Hi

Thats the reason we are here to test it out for a week or two to see the best conditions to use this strategy. The aims is to take small profits and wait for good entries.

Quoting marius09
Hi All

Strategy is very interesting in theory and very simple. How is result? It is profitable strategy or not?
Trend is your friend...
  • #68
  • Edited 8:04am Jun 14, 2009 7:49am | Edited 8:04am
Here is the extended testing for EURUSD. Testing start from 25-Jan-2008 to 12-Jun-2009. Doesn't look good. The reason for the account to go from around 2k to 30k is becoz it catches some big move. The testing uses 1 full lot.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 13 KB
  • #69
  • Jun 14, 2009 7:56am Jun 14, 2009 7:56am
There are a lot of questions, also from me but I think it is very wise to use the participants of this thread as a 'testing ground' for this new strategy and not rush into making EA's until there is enough feedback to know how best to do it. Which is what nisha and TG plan to do from my understanding .. so please don't keep asking them for an EA .. we all need to beta-test this first.

I think in the end the timeframe it is played on will depend on the pair .. 5 min for most pairs, but maybe 60 min for GY and as little as 1 min for some. Just a guess at this point although forexisfx's research so far seems to indicate this.

As to the crossing vs closing above/below pivots, again in my (still learning) opinion I would think trade probability would be like this:

Strongest probability: price closes above/below pivot then tests it again from above/below and bars below are blue/red.

Second strongest: price closes above/below pivot, bar below turns blue/red or is already blue/red.

Next strongest: price crosses above/below pivot only, candle formation is OK and next bar confirms price cross.

Comments?
******************* I'd rather make money than be right.
  • #70
  • Jun 14, 2009 7:56am Jun 14, 2009 7:56am
Here is a more conservative approach.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 14 KB
  • #71
  • Jun 14, 2009 10:26am Jun 14, 2009 10:26am
Quoting forexisfx
Here is a more conservative approach.
I would tend to agree here. A 15m TF with very conservative MM is more suited to Pivot point trading here. Am not sure I personally would trade the 'beast' (GBJY) on this as 20 pip SL is a bit tight. Also, the distance between PP is considerable at times, much more than even swing trades. Hence the prudent MM application.

There is one really intriguing possibility my own testing has revealed. I really like the EUR/USD and USD/CHF inverse correlation on this plan. The 15 TF looks as though it is easily capable of allowing you to gather a decent percentage of account gain on a daily basis. Further, your cost to be in two pairs simultaneously is negated in that the PA has a strong tendency to move in unison, albeit in opposite directions. Very close to a 2for1 band, but again, prudent and very conservative MM as any move against a trader will bite twice as hard.

Just an idle observation.

Regards.

Threw in a MA as a visual aide here. Just attach your Pivots (Daily) on is pretty clear.
Attached Image (click to enlarge)
Click to Enlarge Name: correlation.jpg Size: 167 KB
  • #72
  • Jun 14, 2009 11:05am Jun 14, 2009 11:05am
Thanks for sharing...will give it a try.
  • #73
  • Jun 14, 2009 11:40am Jun 14, 2009 11:40am
Quoting nisha4x
Pivot Trading with TudorGirl Indicator on any pair on any timeframe.

Hi

I have been noticing a pattern develop using the indicators below and find it very easy and clean to use on any currency pair and take profit for 30-50 pips per pair. I am opening this thread to learn, develop and to use this pattern successfully.

Anyone willing to help and analyse are most welcome. Also looking to develop an EA at a later stage once we have found out how profitable this strategy is. Please take time to read the first few pages of...
Hi Nisha,

I am new to adding indicators to experts etc.........

Pls can you tell me how do I insert the templates attachment and how do I go about this.

Looking forward to trying this out
  • #74
  • Jun 14, 2009 12:15pm Jun 14, 2009 12:15pm
If you are going to add an new indicator, here is the way to do it :

1.Close MT4.0
2.Go to the Metatrader folder, go to experts, go to indicators.( mostly located under Program Files
3.Copy and paste the indicators into the indicators folder.
4.Restart MT4.0 and seek for your indicator in the customer indicator column. Double click it and it should be implemented into your graph.

See if it works.
Quoting hutchy
Hi Nisha,

I am new to adding indicators to experts etc.........

Pls can you tell me how do I insert the templates attachment and how do I go about this.

Looking forward to trying this out
Trend is your friend...
  • #75
  • Jun 14, 2009 1:25pm Jun 14, 2009 1:25pm
Quoting nisha4x
If you are going to add an new indicator, here is the way to do it :

1.Close MT4.0
2.Go to the Metatrader folder, go to experts, go to indicators.( mostly located under Program Files
3.Copy and paste the indicators into the indicators folder.
4.Restart MT4.0 and seek for your indicator in the customer indicator column. Double click it and it should be implemented into your graph.

See if it works.
nisha,

i have tried this but still the pivots template does not come into the template drop down, would you know why this is
  • #76
  • Jun 14, 2009 1:32pm Jun 14, 2009 1:32pm
Quoting hutchy
nisha,

i have tried this but still the pivots template does not come into the template drop down, would you know why this is
There are 2 templates folders .. one is under experts (like the indicators folder). Do not use that one. Put tpl file in the templates folder directly under your MT4 program (same level as experts folder),
Hope that helps
******************* I'd rather make money than be right.
  • #77
  • Jun 14, 2009 1:34pm Jun 14, 2009 1:34pm
Quoting 4xStar
There are 2 templates folders .. one is under experts (like the indicators folder). Do not use that one. Put tpl file in the templates folder directly under your MT4 program (same level as experts folder),
Hope that helps
thanks, pity i read this two late.

i have just bombed out my interbank & hy market platforms by putting it in the wrong one.

any ideas on how to fix this
  • #78
  • Jun 14, 2009 1:39pm Jun 14, 2009 1:39pm
Quoting hutchy
thanks, pity i read this two late.

i have just bombed out my interbank & hy market platforms by putting it in the wrong one.

any ideas on how to fix this
Putting something in the wrong folder should not crash your MT4 program. Best thing is just to reinstall MT4, there should be an option to repair or reinstall over current version .. if not, then save the contents of your indicators folder (the one under experts) and your templates folder (the one directly under your MT4 program), reinstall MT4 and if needed you can drag your indicators and templates back to the new folders.
Usually when it reinstalls it keeps your present folders .. but just in case .. or if that does not fix it, you will have to completely remove MT4, then install it again (so back up those 2 folders first). Also if you have created a profile, back up that as well (in the profiles folder)
******************* I'd rather make money than be right.
  • #79
  • Jun 14, 2009 2:08pm Jun 14, 2009 2:08pm
Quoting 4xStar
Putting something in the wrong folder should not crash your MT4 program. Best thing is just to reinstall MT4, there should be an option to repair or reinstall over current version .. if not, then save the contents of your indicators folder (the one under experts) and your templates folder (the one directly under your MT4 program), reinstall MT4 and if needed you can drag your indicators and templates back to the new folders.
Usually when it reinstalls it keeps your present folders .. but just in case .. or if that does not fix it, you will have...

4xstar

thanks for the support, on my way to getting it all sorted
  • #80
  • Jun 14, 2009 2:15pm Jun 14, 2009 2:15pm
one more thing .. in your indicators folder there is a file called mqcache.dat .. it ends in .dat. That file should not be moved when program is reinstalled or when you install a new version. So when you move from one version of MT4 to another or, like me, I have 2 MT4s from 2 diffferent brokers .. you can move the indicator files, ending in .mq4 and ex4 etc .. but don't replace the .dat file.
******************* I'd rather make money than be right.
0 traders viewing now