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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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71% discount for the next 5 buyers (original price $9000): 3 person left Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in t
Gold Excel
Gregory Hay
4.5 (4)
Experts
Bienvenue à       GoldExcel EA   , day trader pour la paire de devises XAUUSD (Or). Développé par notre équipe, il peut être utilisé pour les comptes réguliers, les comptes d'accessoires sponsorisés et les concours d'accessoires. N'utilisez pas le trading à haute fréquence. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Le prix initial augmente toutes les quelques semaines. Live $1K account Aggressive :  https://www.mql5.com/en/signals/2133201 Live $5K Low Risk: 
Quantum HFT Prop Firm
Ho Tuan Thang
4.91 (147)
Experts
ONLY 3 COPIES OUT OF 10 LEFT AT $99! After that, the price will be raised to $199. HFT  Propfirm Challenge Performance Monitor(Starting from $200) Account Number:  66668979 Server: ICmarketsSC-Demo06 Password: quantumhft1 You will get BONUS  worth $399 after you pass the HFT Prop Firm challenge round Quantum HFT Prop Firm is the EA is designed to pass the competition of HFT Prop Firms.  Please be aware that this Expert Advisor (EA) should not be used with a real account. Its sole pur
Gold Trading Algo
Ho Tuan Thang
4.63 (8)
Experts
ONLY 3 COPIES OUT OF 10 LEFT AT $199! After that, the price will be raised to $299. Limited price $199 is only for 10 first sales. After 10 sales, the price will be raised +$100. Final price for Gold Trading Algo is $1999. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Forex EA Trading Channel:  Update the latest news from me Some Features: - No Martingale, No Grid - The order is always protected by Stoploss - EA is using in-b
TrendMaster FX MT4
Chen Jia Qi
5 (9)
Experts
Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
Smart Funded Hft
Barbaros Bulent Kortarla
5 (48)
Experts
Smart Funded EA est un conseiller expert conçu pour réussir les défis HFT des sociétés de prop trading qui autorisent son utilisation. Quelles sociétés de prop trading HFT puis-je utiliser ? Il a été testé sur presque tous les défis de sociétés de prop trading HFT avec un taux de succès de 100 %, tels que Kortana Fx, Nova Funding, Fast Forex Funds, Infinity Forex Funds, Quantec Trading Capital, Next Step Funded, Msolutionff, Genesis Forex Funds, The Talented Traders, Only Funds, Tradicave et
XG Gold Robot MT4
Marzena Maria Szmit
4.57 (21)
Experts
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
GoldPulse AI
Babak Alamdar
5 (7)
Experts
N'achetez pas un backtest, mais un véritable système de trading :   Live Signal 1     Live Signal 2 Ce prix est temporaire pendant la durée de la promotion et sera augmenté prochainement Prix ​​final : 5000 $ Il ne reste que quelques exemplaires au prix actuel, le prochain prix est -->> 500 $ Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! Il s'agit du premier robot le plus intelligent qui négocie de l'or ou du XAU avec des paires complètes comme XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY,
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
Experts
Vous êtes-vous déjà demandé pourquoi la plupart des conseillers experts ne sont pas efficaces dans le trading en direct, malgré leurs performances parfaites en backtest ? La réponse la plus probable est le surajustement. De nombreux EAs sont créés pour "apprendre" et s'adapter parfaitement aux données historiques disponibles, mais ils échouent à prédire l'avenir en raison d'un manque de généralisabilité dans le modèle construit. Certains développeurs ne connaissent tout simplement pas l'existenc
Powerful 1 min scalping system
Andrey Kozak
5 (1)
Experts
Price reduced for 7 days to $147 Then the price will be $230 PowerFul 1 Min Scalping System - Automatic Robot Scalper for Trade on the XAUUSD currency pair (the robot trades in other currency pairs, but gets the best results in gold). Recommended time periods M5 . The minimum initial balance is from $ 500. This robot automatically determines the points of price turning and sets several deferred orders in the likely future direction of the trend. If the price does not unfold in the right directi
Position Trader EA
LEE SAMSON
4.67 (6)
Experts
Transformez n'importe quelle stratégie de trading en une stratégie de trading de positions ou négociez les stratégies de trading de positions éprouvées basées sur le RSI et l'ADR, y compris un système de contrôle automatisé des retraits pour les positions qui évoluent contre vous. Cet EA est une évolution et une simplification de l'EA MRA qui est utilisé depuis de nombreuses années pour les stratégies de trading de positions enseignées sur le site Web Market Structure Trader. Consultez mon prof
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Zeta EA
Simone Gargano
2.5 (2)
Experts
Can be used on EVERY instrument. Based on the "Zone Recovery" strategy. Suggested TimeFrame: H1 and H4. How it works Zone Recovery is an advanced hedging system. When the market goes against the first trade (based on Bollinger bands) the EA will open an opposite trade with slightly bigger lot size. If the market keeps moving in this new direction, at some point the profit from the profit trade will overtake the loss trade and will close both the trades otherwise will do the opposite.  This b
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All Trades EA
Simone Gargano
3.5 (2)
Experts
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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Triple Pivot Scalper
Simone Gargano
Experts
How It Works? Still wondering where you have to put the stop loss and take profit when you open a trade? This EA will do it on your behalf! According to three different Pivot calculation, the EA will take care of your opened positions by placing stop loss and take profit right onto the pivot lines. After an order is placed manually or by another EA, it will be modified by adding stop loss and take profit. How to Use It? It is very useful during a sideways phase for scalpers or for swing trader
Koder Killer EA
Simone Gargano
Experts
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
DAX Hero Scalper
Simone Gargano
Experts
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 -
Follow the Sharks EA
Simone Gargano
Experts
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
DAX Hero Scalper Pro
Simone Gargano
4 (1)
Experts
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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Version 1.5 2020.05.08
recompiled with new metaeditor
Version 1.4 2018.10.09
Fixed issue with display info. Now is removed once it is disabled.