Pivot ea

MQL4 Experts

Specification

pivot calculation taken from all type

1 classic,

2 woodie, and

3 camerella

4. average of 1 and 2

5. average of 1 and 3

6. average of 2 and 3  which will be in extern type

 formula taken from

http://www.mypivots.com/investment-calculators/pivot-point-calculator 

 

time frame in chart acting 

price taken in (op, hi, lo, cl) no.of candle in extern type

    example.

open price taken from 4 th candle

high price taken from 5 th candle

low price taken from 3 rd candle

close price taken from  2 nd candle

 

 

levels taken from r4,mr4,r3mr3....pivot, ms1,s1...s4 

 buy extern type

in any mr1,r1,mr2,r2,m3,r3 and 

stop must be in trailing mode on the levels

target also  in levels

 

sell extern type

in any ms1,s1,ms2,s2,ms3,s3,ms4,s4 and

stop must be in trailing mode on the levels 

target also  in levels

 

buy and sell must be paste in open pending order

if buy taken sell order cancelled

if sell taken buy order cancelled

 

Regards,

Sudhakar Kalyan 

 

 

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