The Only Pivot - page 238

 
9w2ymz:
hi, you may go to this blog n see the chart there for your reference FXIntraday

WHat time are you supposed to enter your trades at?

 

trade time..

tubby:
WHat time are you supposed to enter your trades at?

I usually open trade at 9.00am local time (malaysia) which is 00 gmt

regards

9w2ymz

 
9w2ymz:
I usually open trade at 9.00am local time (malaysia) which is 00 gmt

regards

9w2ymz

...using david ea 1_7

 

failure of Only pivot

hi,

the system is good & prudent

But failing in some cases,Any ideo to prevent from flase alarm

 
gtrader00:
hi,

the system is good & prudent

But failing in some cases,Any ideo to prevent from flase alarm

There was no perfect system

BT & Arrow down

Files:
mytrading_1.jpg  39 kb
 

Can you show me the link with the w1f preset?

TimeFreedom

soul:
I download your set file before... yet the option of "useweekly" is false. is it the setting of 1.7_80_110_max75_w1f.set ?
 

Closed out the sell trades for +160 pips. You never know which way the market will go.

Note: Too bad we couldn't take advantage of the big move down because we are setup to TP @ +50 and +110 pips. I will work on bigger TP for days like this. I am thinking along the lines of TP @ +50 and +270 and SL @ -65 pips. The R:R would be 2.46:1. We won't get many days where we make +270 pips, but when we do achieve +270 the reward will cover almost 2.5 losses.

TimeFreedom

TimeFreedom:
If you using 1.7_80_110_max75_w1f.set then you are using the weekly filter. Based on the weekly filter SMMA would have to close below weekly open (211.31) for a sell trade. Based on the new established short-term bias, most likely you will get a buy signal, SMMA closing above daily open (213.34) before you get a sell signal, SMMA closing below weekly open (211.31). TimeFreedom
 
9w2ymz:
I usually open trade at 9.00am local time (malaysia) which is 00 gmt

regards

9w2ymz

I was talking about the Intraday Fib one that was posted

 
TimeFreedom:
Closed out the sell trades for +160 pips. You never know which way the market will go.

Note: Too bad we couldn't take advantage of the big move down because we are setup to TP @ +50 and +110 pips. I will work on bigger TP for days like this. I am thinking along the lines of TP @ +50 and +270 and SL @ -65 pips. The R:R would be 2.46:1. We won't get many days where we make +270 pips, but when we do achieve +270 the reward will cover almost 2.5 losses.

TimeFreedom

I backtested, and am using these settings:

TP1 = 50;

TP2 = 100;

TP3 = 150;

TP4 = 200;

TP5 = 250;

SLinitial=75;

SL1 = -1;

SL2 = -50;

SL3 = -100;

SL4 = -150;

SL5 = -200;

SLA1 = 50;

SLA2 = 100;

SLA3 = 150;

SLA4 = 200;

SLA5 = 250;

Backtesting shows much better, and so far it has worked well forward testing. Today was especially good

 
TimeFreedom:
Can you show me the link with the w1f preset? TimeFreedom

oh... my fault..... is I manual disable ...