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Pivots average system

  • #1
  • First Post: Sep 16, 2012 3:04am Sep 16, 2012 3:04am
This system is very simple to use and gets very large moves very early so getting huge pips is very easy.

One thing though it gives some fakeouts as well, especially on lower tf, if anyone can help me reduce the fakeouts much appreciated.

I have attached indicator which plots the moving average of the last 3 pivots on chart.

Download and place pivots indicator in indicator folder.

Open any chart and place indicator.

When bullish candle opens and closes above the indicator, place buy 2 (for m15 or lower, increase for higher tf) pips + spread above bullish candle. Opposite for sell. Do not add spread for sell.

stop loss above/below last high/low.

TP: none or whatever you are comfortable with, exit when trend loses steam.

This system is an early trend catcher, can be used to trade sideways market buy moving to smaller tf.

Can be used to swing trade on h1, h4, daily or higher.

Can be used for intraday from M15 to h4.

Can be used for scalp from m1 to m15.

here is chart showing last possible trades in daily.
Attached Image (click to enlarge)
Click to Enlarge Name: swing.png Size: 81 KB


friday chart with scalp trades setup in M5 over 180 pips possible in just 3 trades, there were two additional trades I did not mark. If you add those max profit could exceed 250 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.png Size: 41 KB


So let me know what you think, and any ideas for improvement.
Attached File(s)
File Type: ex4 pivots.ex4   2 KB | 817 downloads
File Type: mq4 pivots.mq4   2 KB | 998 downloads
  • #2
  • Sep 16, 2012 3:52am Sep 16, 2012 3:52am
Quoting Davit
Hi
How many trades on this set up , demo? or real account.
thks
I only trade for 4 hours daily from Europe open, can get 2 to 4 trades per day, I stop as soon as I have met my daily target (20 pips), at times 1 trade is enough, very few negative days.

Still in demo going live in a week or 2.
  • #3
  • Sep 16, 2012 4:25am Sep 16, 2012 4:25am
Quoting kalesh
I stop as soon as I have met my daily target (20 pips)...
20pips on H4 or higher ? And what kind of SL do you use ? I doubt that you have a good RR to be profitable ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #4
  • Sep 16, 2012 5:54am Sep 16, 2012 5:54am
hi every body
we have 4 pivots daily, weekly, monthly and yearly and I ask u about this indi for example what pivot show this indi in m15 tf or what pivot show this indi in H1 tf ?and whats different of this indi with EMA(3) that apply for typical price(H+L+C)/3? please explain more about this indi
  • #5
  • Sep 16, 2012 6:42am Sep 16, 2012 6:42am
What is the indicator prametr MA?
  • #6
  • Sep 16, 2012 8:13am Sep 16, 2012 8:13am
Quoting FerruFx
20pips on H4 or higher ? And what kind of SL do you use ? I doubt that you have a good RR to be profitable ...
I think, he meant that he trades for 4 hours every day
  • #7
  • Sep 16, 2012 8:46am Sep 16, 2012 8:46am
Quoting Indrek
I think, he meant that he trades for 4 hours every day
Yes you're right
MT4/MT5 EAs/Indicators/Alerts coder
  • #8
  • Edited 1:43pm Sep 16, 2012 12:46pm | Edited 1:43pm
Quoting Davit
After looking at this indi its basically worthless.Fast EMA would do the same.I use few filters mainly RSI and TMS watchdog.Notice how my EMA,MA cross matches with RSI and watchdog cross?
Just a confirmation.Just by itself Pivot indi is dangerous.Just my 2c
This is my basic set up In the chart.
Sorry, but what was the purpose of your post? This thread is about this particular indicator, no matter what fast EMA or any other indicator does. No need to destroy the thread at page 1 with absolutely irrelevant posts. Besides, it looks like a promising way of trading.
  • #9
  • Sep 16, 2012 1:29pm Sep 16, 2012 1:29pm
Quoting Indrek
Sorry, but what was the purpose of your post? This thread is about this particular indicator, no matter what fast EMA or any other indicator does. No need to destroy the thread at page 1 with absolutely irrelevant posts. Besides, it looks a promising way of trading.

I wondered about that post, too.

He sounds exactly like a man who needs to start his own thread and leave this one alone.
  • #10
  • Sep 17, 2012 12:11am Sep 17, 2012 12:11am
Quoting FerruFx
20pips on H4 or higher ? And what kind of SL do you use ? I doubt that you have a good RR to be profitable ...
Just to remove any confusion, I trade for maximum 4 hours in one day on the M1 TF.

My R:R is 1:2 10 pip sl (max), 20 tp at the first trade, it changes with the way the trades go. But that is part of money management and getting out when movement slows, I will not dwell on that.

The idea here is that trends can be identified very easily what one does with the trends is up to them.

I am thinking of having just one day of the week where I trade the full London session. That day I will either be very happy or very sad.
  • #11
  • Sep 17, 2012 12:15am Sep 17, 2012 12:15am
Quoting Davit
After looking at this indi its basically worthless.Fast EMA would do the same.I use few filters mainly RSI and TMS watchdog.Notice how my EMA,MA cross matches with RSI and watchdog cross?
Just a confirmation.Just by itself Pivot indi is dangerous.Just my 2c
This is my basic set up In the chart.
As others have said, this thread is about this indicator and not others, you want to talk about your system feel free to start a thread.
  • #12
  • Edited 12:33am Sep 17, 2012 12:21am | Edited 12:33am
Quoting davidtrader
hi every body
we have 4 pivots daily, weekly, monthly and yearly and I ask u about this indi for example what pivot show this indi in m15 tf or what pivot show this indi in H1 tf ?and whats different of this indi with EMA(3) that apply for typical price(H+L+C)/3? please explain more about this indi
Hi,
Pivots can be calculated for any timeframe (not just those 4).

on M15 it displays moving average of pivot of last 3 M15 (cosed) candles
on H1 it displays for H1 and so on.

I hope that makes sense.

The difference is that I find it hard to get good entries on EMA (too slow to react in fast movement).

They say a picture is worth a thousand words so, heres a shot of 3 ema (green) and pivots (red) on H1 tf (EU) as seen at time of posting.
Attached Image (click to enlarge)
Click to Enlarge Name: 3ema pivot.png Size: 40 KB
  • #13
  • Sep 17, 2012 12:35am Sep 17, 2012 12:35am
Quoting ultrask
What is the indicator prametr MA?
There are no parameters.
This is not MA the indicator is in first post, you need to download and place in indicators folder, then add to chart.
  • #14
  • Sep 17, 2012 1:26am Sep 17, 2012 1:26am
Quoting kalesh
Just to remove any confusion, I trade for maximum 4 hours in one day on the M1 TF.
Yes it was a confusion. My thought was that you traded the H4 TF. My bad ... sorry.
MT4/MT5 EAs/Indicators/Alerts coder
  • #15
  • Sep 18, 2012 12:31am Sep 18, 2012 12:31am
It's a very interesting idea.
I'm gonna keep an eye on this thread.
Thanks.
Sincere and humble thanks, If.
  • #16
  • Sep 18, 2012 1:40am Sep 18, 2012 1:40am
late entry?

http://i.imgur.com/PGqJI.gif
  • #17
  • Edited 7:55am Sep 18, 2012 5:23am | Edited 7:55am
looks like this method is good for scalping the lower TFs as the thread starter said. Trade it with momentum/price action as the basis and the pivot average system as the entry trigger
  • #18
  • Sep 18, 2012 5:41am Sep 18, 2012 5:41am
Quoting kalesh
There are no parameters.
This is not MA the indicator is in first post, you need to download and place in indicators folder, then add to chart.

Hello Kalesh,

I tried your PivotMA on my charts and it shows to be the same as a 5SMA using Typical Price and shifted +1.

I use a 3SMA shifted+3 with RSI(8)/MA(8) for my trading. This is displaced moving average used by a trader know Joe DiNapoli.

So I think your pivotMA is a good method if use consistently. Thanks for sharing your PivotMA.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: pivotMA vs 3SMA+1.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19
  • Sep 18, 2012 8:44am Sep 18, 2012 8:44am
Quoting emmanuel7788
Hello Kalesh,

I tried your PivotMA on my charts and it shows to be the same as a 5SMA using Typical Price and shifted +1.

I use a 3SMA shifted+3 with RSI(8)/MA(8) for my trading. This is displaced moving average used by a trader know Joe DiNapoli.

So I think your pivotMA is a good method if use consistently. Thanks for sharing your PivotMA.

Regards,
Show your settings on the chart
  • #20
  • Sep 18, 2012 8:57am Sep 18, 2012 8:57am
Quoting ultrask
Show your settings on the chart
hi ukltrask

the simple moving average properties is shown in the chart posted.

try that.

are you referring to this or the PivotMA settings?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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