The Only Pivot - page 209
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Anyone using the EA on other pairs? In addition to the GBPJPY I have been using it with EURJPY, GBPCHF and EURCHF. I have the indicators on so I can see the arrows. The EA opened buys for the EURJPY, GBPCHF and EURCHF even though no up arrow was signaled. I thought this was strange.
We have a sell signal and I am in short @ 212.43 using David's EA v1.2.
First Chart: the original Only Pivot without any filters.
Sell Signal.
Second Chart: Buffer Filter (2 SMMA Envelope, w/0.05 deviation)
No Trade.
Note: Waiting for Upper Band (Red Band) to close below Daily Open Price ("D1OP")for a short signal.
Third Chart: Weekly Filter (W1F). Weekly Open Price ("W1OP") = 209.13
No Trade.
Note: If 2 SMMA closes above D1OP we will get a long signal. We need 2 SMMA to close below W1OP for a short, which I doubt will happen today since price will have to move down approx. over +300 pips and close below W1OP.
TimeFreedom
Most likely the reason the EA opened the buy trades is because the 2 SMMA was above the current Daily Open Price. You didn't get an up arrow because we never got an opposite sell signal. Indicator will not plot two buy/sell signals one after another.
TimeFreedom
Anyone using the EA on other pairs? In addition to the GBPJPY I have been using it with EURJPY, GBPCHF and EURCHF. I have the indicators on so I can see the arrows. The EA opened buys for the EURJPY, GBPCHF and EURCHF even though no up arrow was signaled. I thought this was strange.
That makes sense. Thanks TF!
Upper Band (Red Band) closed below daily open price and we now have a late sell signal using the Buffer Filter (2 SMMA Envelope, w/0.05 deviation).
Note: I am posting these charts so that we may compare the signals.
TimeFreedom
We have a sell signal and I am in short @ 212.43 using David's EA v1.2.
First Chart: the original Only Pivot without any filters.
Sell Signal.
Second Chart: Buffer Filter (2 SMMA Envelope, w/0.05 deviation)
No Trade.
Note: Waiting for Upper Band (Red Band) to close below Daily Open Price ("D1OP")for a short signal.
Third Chart: Weekly Filter (W1F). Weekly Open Price ("W1OP") = 209.13
No Trade.
Note: If 2 SMMA closes above D1OP we will get a long signal. We need 2 SMMA to close below W1OP for a short, which I doubt will happen today since price will have to move down approx. over +300 pips and close below W1OP.
TimeFreedomMost likely the reason the EA opened the buy trades is because the 2 SMMA was above the current Daily Open Price. You didn't get an up arrow because we never got an opposite sell signal. Indicator will not plot two buy/sell signals one after another.
This is my first post - great thread and system, been following it for some time. I have hacked around with the various codes to suit my own trading. There seems to be some confusion about what the EA does at the start of the day. As I see it In both versions 1.3 and 1.5 the EA opens a trade at the start of the day depending on whether the 2ma is above or below (not crossing) the pivot (+/- any filter) . In v1.5 usebrain and useweekly might affect this. Only after the start of the day does the EA look for crossing of the 2ma and pivot.
Hi TimeFreedom,
I don't get Buffer Filter (2 SMMA Envelope, w/0.05 deviation),
Please post this indicator.
Thanks & Regards,
EA closed short trade for -27 pips and entered a reversal buy trade @ 212.57.
TimeFreedom
We have a sell signal and I am in short @ 212.43 using David's EA v1.2.
First Chart: the original Only Pivot without any filters.
Sell Signal.
Second Chart: Buffer Filter (2 SMMA Envelope, w/0.05 deviation)
No Trade.
Note: Waiting for Upper Band (Red Band) to close below Daily Open Price ("D1OP")for a short signal.
Third Chart: Weekly Filter (W1F). Weekly Open Price ("W1OP") = 209.13
No Trade.
Note: If 2 SMMA closes above D1OP we will get a long signal. We need 2 SMMA to close below W1OP for a short, which I doubt will happen today since price will have to move down approx. over +300 pips and close below W1OP.
TimeFreedomLower Band (Green Band) closed above daily open price and we have a late buy signal using the Buffer Filter.
Note: This is my last post on the Buffer Filter to alleviate any confusion. I will continue using the Buffer Filter at my own leisure. If you have any questions regarding Buffer Filter you can PM me.
TimeFreedom
Upper Band (Red Band) closed below daily open price and we now have a late sell signal using the Buffer Filter (2 SMMA Envelope, w/0.05 deviation).
Note: I am posting these charts so that we may compare the signals.
TimeFreedomWe have a buy signal using the Weekly Open Price Filter ("W1F") and did not get a a short signal, therefore we did not incur a loss.
TimeFreedom
We have a sell signal and I am in short @ 212.43 using David's EA v1.2.
First Chart: the original Only Pivot without any filters.
Sell Signal.
Second Chart: Buffer Filter (2 SMMA Envelope, w/0.05 deviation)
No Trade.
Note: Waiting for Upper Band (Red Band) to close below Daily Open Price ("D1OP")for a short signal.
Third Chart: Weekly Filter (W1F). Weekly Open Price ("W1OP") = 209.13
No Trade.
Note: If 2 SMMA closes above D1OP we will get a long signal. We need 2 SMMA to close below W1OP for a short, which I doubt will happen today since price will have to move down approx. over +300 pips and close below W1OP.
TimeFreedom