The Only Pivot - page 66
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You forgot the chart.
GOOD FEEDBACK TimeFreedom.. the chart is uploaded
I'll rather not to use the BB in my opinion
Makes me a lil' jumpy and distracts my attention off the pivots
The system is good as it is..simple yet powerful
just my 2 cents
I agree with Feb2865,
Let's keep it simple. I sometimes want to get back in a trade if it starts to reverse, but in my opinion it's to risky. Let's just wait for the next day to enter new trades. Better safe than sorry. I rather watch a missed trade from the sideline and than be in a bad trade because of greed.
TimeFreedom
I'll rather not to use the BB in my opinion
Makes me a lil' jumpy and distracts my attention off the pivots
The system is good as it is..simple yet powerful
just my 2 centsagree... greedy is the enemy
well... asian session is always beautiful for CROSS YEN PAIR
Steve
Your system is just a blessing
I know is not the holy grail but it's consistent and that's what every trader should look for
consistency is the key
Thanks
TimeFreedom
I will definitely follow your posts
keppe them coming
good luck
Here is the signal indicator you requested for cross of 2 SMA and middle Bollinger Band.
TimeFreedom
hi TimeFreedom
i see you have good programing skill, would you like to make an EA for this methode?
we have a good EA posted here, if you have time, please take a look at it and what improvement can we make..
once again, can you make an alert like you made, but this time for crossing between 2 smma and BB... i see this cross is good for EURUSD
thx b4Open Trades: 10-03-07
I have been testing "The Only Pivot" strategy for a short period of time now and would like to contribute by posting my trades for observation and learning.
Account Type: Standard
Account Size: 10,000.00
Account Leverage: 200:1
Lots Sizes: 0.25 ---> 0.50 ---> 0.75 ---> 1.00
Pairs Traded: GBPJPY, EURJPY, and GBPUSD
Timeframe: H1
Trading Strategy: I will open three (3) orders at the close of the GMT 00:00 bar (IBFX is GMT) with 0.25 lots each for a total of 0.75 lots. If a get an opposite signal I open 0.50 lots, etc... Once I reach 1.00 lots per pair I will start to look to close as soon as I am in profit because I feel I am over leveraged at this point with 3.00 standard lots opened. The worst case drawdown ("DD") I have experienced with this strategy is approximately -7%/-$700.00. I close all open trades once floating profits reach $300.00.
Open Trades:
Date: 10.03.07
GBPJPY || LONG || Lots: 0.25 || @ 236.25
STATUS: +18 pips
EURJPY || LONG || Lots: 0.25 || @ 163.81
STATUS: +22 pips
GBPUSD || LONG || Lots: 0.25 || @ 2.0414
STATUS: +16 pips
I love this system!!!
Thanks a lot for sharing my friend
I have a quick question a lil bit off topic. I prefer using this system with limit orders after the price brekas the higher/high lower low of the first hour candle.
Does anybody know how to set a price alert on MT4?
sorry I am just getting the hang of the platform.
Thanks