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Triple Pivot Scalper PRO

Breakeven Edition


How the Breakeven Works?

In addition to all the feature already available for the Triple Pivot Scalper edition, I've added an useful "breakeven" function:

if enabled, the EA will move the SL to the nearest Pivot level, just behind the current price.

This feature allows to make sure that one trade is at least a safe profit. You can then decide if open an additional trade or wait the price to reach the next level.


How to Use the EA?

It is very useful during a sideways phase for scalpers or for swing traders. My suggestion is to enable the first level S1/R1 for short-term trades or R3/S3 for medium-term trades. Alternatively, you can look for price bouncing between S1/Pivot or R1/Pivot (especially on overnight session).

Usage of pivot lines is very reliable because represents a point at which a major price movement is expected to occur.

This EA is named "Triple" because there are three different formulas to calculate pivot, support and resistance levels:

  • Standard
  • Fibonacci
  • Camarilla

The EA works even as indicator: the pivot levels on the chart will be refreshed and painted with different colors on a daily basis.


What the EA Will Not Do

  • Will not open orders automatically - there is no internal logic and conditions to open orders. So this EA is intended to work as a semi-automated system.
  • Will not show previous days pivots - the EA will show only the current day Pivot, Support and Resistance based on the day before data.
  • Will not works with more than one feature simultaneously: you can use Pivot Stops, Breakeven or Fixed stops just one by one. They will not run if enabled at the same time.


Input Parameters

  • Show Info: enable or disable the display info
  • Use Breakeven?: enable the breakeven function.
  • Breakeven Percentage: select from 10 to 50 percent. This value is take between the two pivot levels of the current prince. Ie. if the price is currently above S1 and below S2, the SL of the current Long trade will be moved to S1 only if will be above (S2-S1)*10/100. It is actually a "sensitivity" value to set the breakeven.
  • Use Pivot Stops?: enable or disable the function. This function will move stop loss and take profit of any opened trade (with matching Magic Number) onto the pivot lines, including support and resistance. This function will not work if Use Fixed Stops? is already enabled.
  • Pivot SL level: from 0 to 4. Zero if you want to place the stop loss right onto the Pivot line (blue) or 1 to 4 if you want to place the stop loss on R1, R2, R3, R4 if short, or S1, S2, S3, S4 if long.
  • Pivot TP level: from 0 to 4. Zero if you want to place the take profit right onto the Pivot line (blue) or 1 to 4 if you want to place the take profit on R1, R2, R3, R4 if long, or S1, S2, S3, S4 if short.
  • Use Fixed Stops?: enable or disable the function. This function will move the SL and TP of any opened trade (with matching Magic Number) on a fixed pips value. This function will not work if Use Pivot Stops?is already enabled.
  • Fixed SL values: pips for stop loss. This value will be used even if Use Fixed Stops? is disabled, as an alternative stop loss in case of a wrong pivot line, i.e. if you have a short deal opened, and the Pivot SL level is below (instead of above) the current price, the stop loss will be set to this value.
  • Fixed TP values: pips for take profit. This value will be used even if Use Fixed Stops? is disabled, as an alternative take profit in case of a wrong pivot line, i.e. if you have a short deal opened, and the Pivot TP level is above (instead of below) the current price, the take profit will be set to this value.
  • Pivot Formula: 1 for Fibonacci, 2 for Standard and 3 for Camarilla.
  • Magic Number: set zero for manual trading or set your EA magic number.


Errors

If error "array out of range" is shown in the journal, this means that the Daily chart data is missing. Please refresh the view by switching between M1 to D1, then close the chart, open a new chart and attach the EA again.


What's new?

  • added breakeven function
  • added dispaly info on or off
  • moved display info to read correctly the sl and tp info on the left side
  • fixed other bugs


Pivot Formula - How Is It Calculated?
































































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The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
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Lachezar Krastev
4.89 (19)
SHOCK DEAL --> -45% OFF --> VERY LIMITED COPIES AT THIS PRICE !!! + BONUS -> PREMIUM EA! Forex GOLD Investor Signal Account:  https://www.mql5.com/en/signals/1510678 Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to
No compre un backtest, sino un sistema comercial real:   Live Signal 1       Live Signal 2 Este precio es temporal mientras dure la promoción y aumentará en breve. Precio Final: 5000$ El precio aumenta todos los viernes Welcome to the GoldPulse AI Hey Soy GoldPulse AI!   ¡Este es el primer robot más inteligente que comercializa oro o XAU con pares completos como XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY, XAUCHF, XAUSGD y XAUCNH!   ¡Reviso las noticias todos los días y aprovecho cualquier opor
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Vasiliy Strukov
4.76 (945)
EA Gold Stuff es un asesor experto diseñado específicamente para el comercio de oro. El trabajo se basa en la apertura de órdenes en el indicador Gold Stuff, por lo que el asesor trabaja en la estrategia "Trend Follow", lo que significa seguir la tendencia. IMPORTANTE! Póngase en contacto conmigo inmediatamente después de la compra para obtener instrucciones y bonificación! Los resultados en tiempo real se pueden ver aquí PARÁMETROS Open new series-incl./ off. Inicio de una nueva
Live signal : TrendMaster FX The MT4 version : TrendMaster FX MT4   El EA actualmente funciona bien y se está iniciando el plan de aumento de precio. La próxima fase tendrá un precio de $838. Por cada 10 copias vendidas, el precio aumentará en $100. Pares de divisas recomendados: GBP/USD (GBPUSD) USD/CAD (USDCAD) EUR/USD (EURUSD) AUD/USD (AUDUSD) USD/CHF (USDCHF) Nota Especial :   Currently recommended :GBPUSD, AUDUSD, EURUSD Configuración de riesgo: Para los comerciantes agresivos, el riesgo m
Big Forex Players MT4
Marzena Maria Szmit
4.6 (20)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the   biggest Banks   (p ositions are sent from our databas
Dragon Multi EA MT4
Mansour Babasafary
4.71 (14)
3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term The price will increase by 100$ after every 10 p
No Backtesting is allowed: (OIS IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. "OIS" : The Final product of ours
Index Scalping Pro es un Asesor Experto (EA) de trading de índices . ¿Qué nos diferencia de otros? Este EA utiliza 3 estrategias de trading reales . A diferencia de muchos EAs que han llenado sus sistemas con sistemas de cuadrícula llamativos pero riesgosos y sus propios sistemas de martingala (a menudo disfrazados de "red neuronal/inteligencia artificial/aprendizaje automático" y manipulados en pruebas para lograr mayores ventas), Index Scalping Pro se basa en un enfoque simple. Utiliza una es
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Simone Gargano
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Born to trade DAX  CFD  and now adapted to trade  Forex . Best timeframes to use are  H4 and higher . This is the Pro version of the free product available since June of 2016. After more than two years, lot of satisfied customers and many successful trades, here you can have the full version of the product. With this version I've added lot of features that have been requested in these years and you are finally entitled to resell the signals of this EA like if it's yours. Settings Pro Setting
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3.5 (2)
This robot can trades any Forex pair as well as commodities, CFD and anything else. Best timeframe to use is Daily . Aug. 2016, I strongly believe that, in the end, the market moves randomly. Last events shows us that this is the truth. All traders, banks and analyst predicted a strong bearish move but happened exactly the opposite. Should they change their job and start to bet on horses? No, but basically, would be the same thing! Well, if you bring two inexperienced traders and each of them ta
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With this EA you can say goodbye to your coder and save bucks from your pocket! Did you find out an interesting holy grail indicator and you want to test it on your own? Eager to know if it will be profitable on long term? Well, here it is the Koder Killer EA. Simple steps to follow open your indicator source code search for the Set Index Buffer values copy the values into the EA set all the other features backtest your strategy FOR FREE run your EA on live servers paying a small rent fee. S
Born to trade DAX CFD and now adapted to trade Forex . Best timeframes to use are H4 and higher . This masterpiece is extremely simple as it is. No martingale, no grids, no additional indicators, few parameters to optimize (Tolerance and Range). It has an integrated time filter which is useful to avoid some bad periods or to close any opened trades in some other periods. Settings ShowInfo - show account info on chart. TradingOnSunday - enable or prevent trading during Sunday. MaxSpread_PAIRS -
This is a multi-currency EA, suggested timeframes: H4 and Daily. Type of trading This is intended to works as a Multi-Currency EA. You can attach it to many charts you'd like to monitor simultaneously. Make sense to use it when there is a correlation between the pairs or other instruments selected. Strategy explanation It has been said that one of the best trading strategy is to watch at who actually moves the market (large traders, banks etc.) and copy them. Someone ironically says to "foll
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Versión 1.5 2020.05.08
recompiled with new metaeditor
Versión 1.4 2018.10.09
Fixed issue with display info. Now is removed once it is disabled.