PivotTrades

Post by **tomele** » Sun Apr 30, 2017 4:46 pm

Hi.

Still not broke ...

XAUUSDH1.png

Post by **rdg281** » Sun May 07, 2017 7:47 am

Hi Tomele,

Very effective!
Trying just your indicator , no other ind in the chart.
Mostly i am going for one level a day, up or down.
Thank you very much
My compliments.

:good

Cheers
Roberto:

Post by **tomele** » Sun May 07, 2017 11:00 pm

Hi folks.

Steve mentioned my little experiment in his wrup, so I am going to keep you up to date.

Results first. Here is the chart for the last 11 weeks of trading:

XAUUSDH4.png

The last two weeks show a very good development due to some changes I made to my trading. I was a little more aggresive with the rules for the moment when the new daily pivots appeared. At the beginning of a new day (23:00 my time, 22:00 GBP server time), if there was market direction (not ranging), I immediately entered a trade in this direction. If it was close to one of the three trades recommended by the system, I took it as replacement for this one. If not, it was an (4th) additional trade. This allowed me to profit on initial momentum and brought some additional gains.

EDIT: Oh yeah, and I always closed all positions for the day before major events (FOMC, NFP and the like).

My charts still look very naked so I dont get distracted by price action:

AUDUSDH1.png

I am working on a version where we can see how these trades work out in the different market sessions compared to the different proposed directions, so stay tuned.

Cheers, Thomas

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deadman · Post by **deadman** » Mon May 08, 2017 8:24 am

Hi Thomas,

wow I'm impressed by the simplicity and efficiency of your system. Thanks for sharing these results and keep it up!

Cheers, Stefan

Asmahan88 · Post by **Asmahan88** » Wed May 10, 2017 2:48 am

:hi:

Impressive and very clean indy.
Will deffinetely test on demo
Do you intend to make an EA as well based on your strategy?

I look forward to hearing every one results if they trade it differently

I am currently using with channels to help for entry points.

Post by **tomele** » Wed May 10, 2017 7:56 pm

Asmahan88 » 10 May 2017, 03:48 wrote:Do you intend to make an EA as well based on your strategy?

Not really. It takes me 5 minutes per day to trade it. And few times a little bit of creativity. I cant see what a robot would improve. The money management is in the hands of one already.

Asmahan88 · Post by **Asmahan88** » Thu May 11, 2017 2:55 am

tomele » Wed May 10, 2017 11:26 pm wrote:
Not really. It takes me 5 minutes per day to trade it. And few times a little bit of creativity. I cant see what a robot would improve. The money management is in the hands of one already.

So you literally follow the trade advices on daily basis? Ignore all PA suggestions ?
Would you please share the money management Ea & set file if possible

many thanks & green pips

iasho · Post by **iasho** » Thu May 18, 2017 9:49 am

At the beginning of a new day (23:00 my time, 22:00 GBP server time), if there was market direction (not ranging), I immediately entered a trade in this direction.

Hi tomele,

Thanks for your time and effort.
Do you trade only on the day after the market changes direction or you continue to take trades daily until the direction changes again?

Thanks

Post by **tomele** » Thu May 18, 2017 11:09 pm

Hi folks.

Thank you for your interest.

1. I follow the trade advice on a daily basis. Every day when then new candles appear.
2. I ignore all price action. I cant even see it on my charts.

All you ask for can be found in this thread. Invest the time to read all posts.
Anyway. I will compile everything in the first thread as soon as I find the time.

Cheers

rogeriob28 · Post by **rogeriob28** » Fri May 19, 2017 12:39 am

Hi tomele,
Nice Job.
Is it possible to combine your Pivo strategy with Fibonacci?

Old EA Steve Hopwood's Fib Target-level retracement auto-trader
https://blog.forexfactory.com/showthread.php?t=243432

Thank you,
Rogério