The Only Pivot - page 198
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Enclosed you will find my backtesting results using IBFX historical data.
I downloaded M1 data in MT4 Historical Center and then converted the M1 data into periods M5, M15, M30, H1, H4, and D1 using the built-in period converter script. I tried using Alpari data but noticed a few discrepancies as pointed out by Raju.
Backtesting Period: 01/01/2007-02/06/2008
Beginning Balance: $10,000
Net Profit: $1,314.47 / 13%
Profit Trades: 51.42%
Absolute Drawdown: $2,825.60 / 28%
Historical Data: IBFX
Tested Timeframe:H1
TimeFreedom
ok, here is an EA that uses the filter, and should work with any broker, you just have to set the start and end times for your broker.
I just finished this, and haven't even had time to test it. It is version 0.1, so it may have a lot of bugs, and may not even work. I would run a backtest, but I am running an optimization on something else right now, and besides I need to go to sleep. I just thought someone may want to play with it before I have time to test it.
ok, here is an EA that uses the filter, and should work with any broker, you just have to set the start and end times for your broker. I just finished this, and haven't even had time to test it. It is version 0.1, so it may have a lot of bugs, and may not even work. I would run a backtest, but I am running an optimization on something else right now, and besides I need to go to sleep. I just thought someone may want to play with it before I have time to test it.
Hi David
Many thanx for the Ea
which filter have you incoporated into the EA?
Pavlos
We have a buy signal and I am long @ 208.57 using David's EA v1.2. TimeFreedom
Good conformation with a Daily Pin Bar and break of the 208.84 S/R.
Jim
Closed +30 pips from buy
Closed +30 pips from buy
Why close? Let that baby ride. Free trading is a good thing.
EA closed buy trade for +160 pips.
TimeFreedom
We have a buy signal and I am long @ 208.57 using David's EA v1.2. TimeFreedom
EA closed buy trade for +160 pips. TimeFreedom
Nice, TF.
My entry was 208.61. Took half off for 75 pips and letting the other half ride at break even. 208.84 S/R level is holding pretty good. That's my next stop loss level.
Free trading, its what its all about. 
Jim
Please
EA closed buy trade for +160 pips. TimeFreedom
Would you ming posting the EA you are using?
The one I have doesn't open any orders...
Thanks mate...
OPEN PRICE is calculated at 5:01PM EST
Hello,
This is a great system. I have been following it for a while now.
I have used it very effectively (with ups and downs, as with any strategy).
Just an observation, I calculate the OPEN PRICE as all the major institutions do, which is at 5:01 PM EST.
All major institutions calculate OPEN PRICE, and PIVOT POINTS at that time, in all markets (US, JAPAN, EUROPE, etc), at 5:01PM EST.
Just an observation.
If calculating open price at a differecnt time has worked for you, great, more power to you.
Like I said, great system, thanks for sharing.
But, I wanted to share that piece of information too, which you may or may not already know, or may or may not choose to ignore.
CHUMI