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Daily Pivot Point Trades

  • #141
  • Dec 18, 2011 8:23pm Dec 18, 2011 8:23pm
Quoting mercy seat
A REVERSO and long again since 1.2985 ...

Time 04:53 CET ...




;-|
A TABLE with a simplified survey for EUR/USD pair and of some of the used key-points ...

Midnight update :

2011-12-19_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 a

Take it or leave it ...





;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-19_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 a 1.PNG Size: 121 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #142
  • Dec 18, 2011 9:20pm Dec 18, 2011 9:20pm
Quoting mercy seat
A REVERSO and long again since 1.2985 ...

Time 04:53 CET ...




;-|
Partial unwinding (50% of previous entries) at 1.30064 ...

Time 06:19 CET ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #143
  • Dec 19, 2011 1:01am Dec 19, 2011 1:01am
Quoting lhDT
About daily (weekly & monthly) pivots, and mid-levels, I use that indicator.
Maybe you should find this interesting.
ihDT
tx for the mq version of the autopivot indi, wonder if its any different to the one i posted (ex version)

i'll check the AllPivots indi that The7 posted to see if calculations are the same as those made by Autopivot indi

My intentions for my original post re Autopivot indi was to let readers of this thread know that its working great for Gold since its possible no one has tested it with Gold.

Since I've been forward testing it myself for a while now i've had good results. An EA to trade it would make most aspects of this much easier.

Tango I'll test TangopivotEA on gold.
  • #144
  • Dec 19, 2011 1:37am Dec 19, 2011 1:37am
I could resist to don’t criticize an obvious mess !!!!
By the way how was the back testing ??
  • #145
  • Dec 19, 2011 2:02am Dec 19, 2011 2:02am
this system is a good solution for addictions
  • #146
  • Dec 19, 2011 2:13am Dec 19, 2011 2:13am
Quoting mercy seat
A REVERSO and long again since 1.2985 ...

Time 04:53 CET ...




;-|
Covered at 1.30251 ...

All the rest of entries ... with + 50.1 points profit ...-

Here and now with a simple manual order execution ...

Time 11:00 CET ...

As I have no time atm and not willing to wait longer until my limit orders and profit stops will be executed at higher levels or not ...

Und tschüss - palim palim





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #147
  • Dec 19, 2011 2:27am Dec 19, 2011 2:27am
Quoting gman007
ihDT
Tango I'll test TangopivotEA on gold.
For gold you have to multiply Delta1 and Delta2 by 10. Try with 100 and 1200.
  • #148
  • Dec 19, 2011 3:12am Dec 19, 2011 3:12am
@backtesters any further tests? why is every one so quiet...I thought several guys promised to show results of their backtests.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #149
  • Dec 19, 2011 3:29am Dec 19, 2011 3:29am
I started testing the strategy, but if you want to test it correctly then you have to do the backtest tick by tick and not just bar by bar.

Anyway I tested last 2 months on GBPUSD;

Buy or Sell depends on the opening of the candle on which side it is of the Daily pivot. I always close my pending order / trade on midnight (since daily pivots only last for 1 day)



This is the result so far..


SL = S1 / R1
TP = S1 / R1

Total pips = 573

Loss % = 43 %

----------------

SL = S1 / R1
TP = S2 / R2

Total pips = 830

Loss % = 47 %

------------

SL = S1 / R1
TP = S3 / R3

Total pips = 781

Loss % = 47 %

Since the R:R is pretty good (average 1.5, 2.5, 3.5) you still get a 'good' result. But I still have to test more months to be sure.

We also need to look for some kind of filter, because it's imo too straight forward to just look at the opening of the candle to decide whether it's a buy or a sell.
  • #150
  • Dec 19, 2011 3:53am Dec 19, 2011 3:53am
@diego

bravo,bravo please continue with more tests.

i am amazed by the risk reward,thought it should be around 1:1
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #151
  • Dec 19, 2011 4:15am Dec 19, 2011 4:15am
We are developing a new version with pending orders and open position when candle close
And not when touch to avoid whipsaws
Johan
  • #152
  • Dec 19, 2011 1:14pm Dec 19, 2011 1:14pm
Quoting BongaBonga
Well, glad we settled that.
It never stops amazing me... All the attitude that appears here on FF... People get these attitudes about all manner of things... INSTEAD... of sitting back and learning... Yes we can respectful disagree with other members... But that does not make them right or wrong... These types of personalities seek absolutes in the market... Sorry to break the new to you... There are none ...IF THERE WERE WE WOULD AL BE DOING VERY WELL, YA THINK! The method and it stability is important for sure... But more important is the mental attitude of the trader... It strikes me a those who get all wrapped up with their own attitudes (I’m right, your wrong) may not have the temperament for this type of activity. The "need to be right" will blow your account faster that you would ever believe. Sadly some will never get this.

just my 2 cents

TSD
  • #153
  • Dec 19, 2011 2:19pm Dec 19, 2011 2:19pm
Express your self that's what we do here
don’t get me wrong
  • #154
  • Dec 19, 2011 11:52pm Dec 19, 2011 11:52pm
Today's TABLE and SURVEY for the EUR/USD pair:

2011-12-20_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 a

Guten Morgen ... don't waste your time ... it's easy peasy ...




Faites vos jeux!




;-|
Attached Image (click to enlarge)
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #155
  • Dec 20, 2011 12:31am Dec 20, 2011 12:31am
any more backtests? so far the win rate has varied from 40-60%. my own system has around 30-40% win and a R:R of 1:2 and is marginally profitable(27
% up for the year).im still looking for a real edge.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #156
  • Dec 20, 2011 12:53am Dec 20, 2011 12:53am
what system you use?
  • #157
  • Dec 20, 2011 1:52am Dec 20, 2011 1:52am
As you obviously all know, backtesting should be modeled over 90% quality , ( google this to understand why) , if so we can (perhaps) rely on the results but not for sure.

Any way , i have back tested the EA sent by tranco ! altough i do not know what is inside ( Not proffesional work, for a loosing EA which wont be sold on Ebay ).

this is a looser one in my opinion (my results is n/a quality too )
just 219 $ net profit for a 10k account for one year !
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  • #158
  • Dec 20, 2011 2:00am Dec 20, 2011 2:00am
So I have been doing more work on the method and have identified two issues that would account for the big difference between tranco's EA backtest (so far the only one in this thread) and my excel model:

1) Pip range volatility
2) The now known as "Dreaded No Trade"

The actual win/loss % is skewed down compared to the model due to the fact every loss is taken, but not every win.

So I owe you an apology Tranco. Your results got me thinking and helped me with my study.

I am still seeing a real edge with my system, but I have taken it past what is currently in this thread. The more work I put into it the more hesitant I am to share my results.
  • #159
  • Dec 20, 2011 2:08am Dec 20, 2011 2:08am
Quoting tranco
We are developing a new version with pending orders and open position when candle close
And not when touch to avoid whipsaws
Johan
That way it should be better I think.
#### Follow me at @LioH_ on Twitter ... ####
  • #160
  • Dec 20, 2011 2:32am Dec 20, 2011 2:32am
Quoting shahrooz67
As you obviously all know, backtesting should be modeled over 90% quality , ( google this to understand why) , if so we can (perhaps) rely on the results but not for sure.

Any way , i have back tested the EA sent by tranco ! altough i do not know what is inside ( Not proffesional work, for a loosing EA which wont be sold on Ebay ).

this is a looser one in my opinion (my results is n/a quality too )
just 219 $ net profit for a 10k account for one year !
To get 90% back testing results you must gather some data from Meta Quotes
To do that click on tools,options,charts and then at “max bars history “ press the number “9” up to fill up the box do the same with “Max bar in charts” then close the box
Click again at Tools, History center then find EURUSD 2bl click then select 1min and press download
Then close your MT4 and restart it again and continue with back test
Johan
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