Backtesting results 4h hits and closes above/below pivot | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Need EA - When candle closes above MA and below MA 0 replies

alert if price closes above/below an SMA 1 reply

Send email when 'bar closes below/above price level' 1 reply

Plz code this 4 me..ea that takes trades with 3 closes below/above trendline breakout 0 replies

Indicator to alert when price Closes above/below TL or HL?? 2 replies

Attachments: Backtesting results 4h hits and closes above/below pivot
Exit Attachments

Backtesting results 4h hits and closes above/below pivot

  • #1
  • First Post: Jul 31, 2010 9:02am Jul 31, 2010 9:02am
Here another backtesting result.

The purple and blue lines are the equity and balance.

What this does is:
After the pivot point is hit, go long if 4h candle closes above pivot and go short if 4h candle closes below.
TP is 50 pips.
SL is pivot point.
Attached Image (click to enlarge)
Click to Enlarge Name: forex58.jpg Size: 248 KB
  • #2
  • Jul 31, 2010 9:09am Jul 31, 2010 9:09am
can you elaborate more of your system?..
  • #3
  • Jul 31, 2010 10:15am Jul 31, 2010 10:15am
What pivot point - daily, weekly, monthly?
  • #4
  • Aug 1, 2010 9:42pm Aug 1, 2010 9:42pm
Daily pivot points, only the center PP.
This is a simulation over a period of 3 months.
This simulation is as simple as i described, no more indicators are used.
Although this week i will try the same with stochistics added.
  • #5
  • Aug 2, 2010 1:44am Aug 2, 2010 1:44am
Quoting longshot_nl
Daily pivot points, only the center PP.
This is a simulation over a period of 3 months.
This simulation is as simple as i described, no more indicators are used.
Although this week i will try the same with stochistics added.
what about time shift for the pivot that you're using ??
it is to be considered or just follow the broker time
Don't mind me.. i'm crazy
  • #6
  • Aug 2, 2010 8:38am Aug 2, 2010 8:38am
The pivot offset is 0.
I am aware that different brokers have different offsets but i don't know what the best pivot point offset is.
If you know let me know i would be happy to simulate the offset so we know for sure what the best pivot point is.
Maybe i do it anyhow next weekend. try 24 different pivot point offsets and see what my profit is.
  • #7
  • Aug 2, 2010 8:53am Aug 2, 2010 8:53am
Quoting longshot_nl
Here another backtesting result.

The purple and blue lines are the equity and balance.

What this does is:
After the pivot point is hit, go long if 4h candle closes above pivot and go short if 4h candle closes below.
TP is 50 pips.
SL is pivot point.
Can you explain what your chart is showing?
Thanks
  • #8
  • Aug 2, 2010 9:02am Aug 2, 2010 9:02am
Quoting billbss
Can you explain what your chart is showing?
Thanks
sure..
its 3 months E/U simulated.
The thick black line is the price.
The blocky green lines are daily pivot resistance and support.
The purple and blue lines are equity and balance.
The thin black horizontal lines are 50 and 00 numbers.
  • #9
  • Last Post: Aug 2, 2010 10:19am Aug 2, 2010 10:19am
Quoting longshot_nl
Here another backtesting result.

The purple and blue lines are the equity and balance.

What this does is:
After the pivot point is hit, go long if 4h candle closes above pivot and go short if 4h candle closes below.
TP is 50 pips.
SL is pivot point.
Do you take more than one trade per day?
Do you only trade the first time the pivot is hit?
Which pairs did you test?
Thanks again.
0 traders viewing now