Bar Pivot System

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Beno
1163
Beno  

This is just an idea I have been trying to trade but you have to have a very quick trigger finger.

Attached is a chart for you to look at.

I have been using the

H+L+C/3 to get the bar pivot point.

if the open is below the pivot then sell if open above the pivot then buy

TP ?

SL ? & Reversals

Kelly for compounding?

it's very simple

please let me know what you think.

Cheers

Beno

Files:
bar_pivot.gif 38 kb
mm_dd_v3.zip 71 kb
Linuxser
5921
Linuxser  

I think we should be glad that you share the system with us. Just that.

Beno
1163
Beno  

here is the EA I will start forward testing this week.

let me know what you think

Files:
pea2.mq4 10 kb
Eric Venturi-Bloxs
1064
Eric Venturi-Bloxs  

Well done Beno!

FerruFx

Beno
1163
Beno  

thanks FerruFx

could you perhaps have a look at the mm excel sheet and let me know if it's at all able to be coded

Linuxser
5921
Linuxser  

You defined which scalp is for Forex Beno.

This system and EA have future.

Files:
pea.gif 9 kb
pea.zip 275 kb
robp
565
robp  

I'm completely missing something here. How are you getting the pivot for each bar?

Beno
1163
Beno  

have a look at post one. imho a pivot is a point of potential change. and in trading all we have is potential nothing is a sure thing.

cheers beno

robp
565
robp  

Of course I looked at post 1. Goodbye.

Beno
1163
Beno  

Gidday robp

Sorry for coming across a bit short I did not mean to offend.

But it is as simple as High+Low+Close/3. from the previous bar

Any way attached is some back tests using FXDD (for what back tests are really worth)

Again sorry

cheers Beno

robp
565
robp  

What I was trying to ask is, what are using to determine the hlc/3 of the previous bar? Are you using an indi to calculate that for each bar?

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