nanningbob wrote:So the results of my study was this. NO jump EA just a straight -20 pip SL or other side of pivot line which would most of the time produce a smaller stop but I will count all SL as -20.
Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Total 5 days 3 trading sessions = 8 winners 6 losers 500 - 120 = 380 realistically get half lets say 180-200 pips a week from that pair.

Rules are simple set the pivot lines 1 hour before a session opens. Take any trades inside the box going back towards the open. In other words a typical 10.3 trade. Place a pending trade above/below the daily open line (light or white colored line) Set you MPTM to +100 -20 or set the SL and TP with the pending trade. If trade is not taken in first 2 or 3 hours in the session. Clean the slate and wait until the next session.

morgb wrote:

nanningbob wrote:So the results of my study was this. NO jump EA just a straight -20 pip SL or other side of pivot line which would most of the time produce a smaller stop but I will count all SL as -20.
Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Total 5 days 3 trading sessions = 8 winners 6 losers 500 - 120 = 380 realistically get half lets say 180-200 pips a week from that pair.

Rules are simple set the pivot lines 1 hour before a session opens. Take any trades inside the box going back towards the open. In other words a typical 10.3 trade. Place a pending trade above/below the daily open line (light or white colored line) Set you MPTM to +100 -20 or set the SL and TP with the pending trade. If trade is not taken in first 2 or 3 hours in the session. Clean the slate and wait until the next session.

Bob this is a great idea resetting the pivots for each session - I'm going to try this next week. I'm also going to print out this post and read / re-read.

Where do you get the ideas from ?? They just keep coming

blazko wrote:Bob - is there a chance you could update post #1 with the most recent EA's, templates, indies?
I found what i wanted - including Baludas work but that took quite some time.
Your thread is uber awesome but is growing so quickly that it makes me scared every day when i miss the time to catch up
Best regards

Baluda wrote:

nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Bob,

Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?

Thank you.

Paul

nanningbob wrote:

Baluda wrote:

nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Bob,

Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?

Thank you.

Paul

The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.

xrismak wrote:

nanningbob wrote:

Baluda wrote:

nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Bob,

Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?

Thank you.

Paul

The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.

Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.

Happy Trading ,
xrismak

xrismak wrote:

nanningbob wrote:

Baluda wrote:

nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Bob,

Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?

Thank you.

Paul

The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.

Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.

Happy Trading ,
xrismak

nanningbob wrote: The update on page 1 post 1 has Baluda's newest indi MWDP 1.09. All you have to do is change the hours to GMT in the indi. For example with Cowboy IBFX it is set to 0 for jpy opening. So setting it at 1 sets it back 1 hour for me to get JPY open pivot set one hour before opening. You can go to http://www.forexfactory.com/ at FF to get market start times and adjust your indi from there. I am not sure how that plays out with all the different broker start and ending times around the world.

nanningbob wrote:

xrismak wrote:

nanningbob wrote:

Baluda wrote:

nanningbob wrote:Euro session 5 winners potential of 280 pips -40 for 2 SL equal +240 but remember that is max and most likely not realistic. Get half or more would be realistic and that would be 100-150 pips total.
JPY session 2 winners and 2 losers 120 - 40 = 80 but only count half for 40
USA session 1 winner 2 losers 100 - 40 = 60 but only count half for 30
NZD session not really anything and I dont trade at that time so wont count it.

Bob,

Just to be sure, what value do you use for 'hoursFromGMT' for the sessions you mentioned?

Thank you.

Paul

The problem is I am not on the same Time as the rest. China doesnt have daylight savings time I know that is not now and each broker has different settings so I dont know how that fits with your computer. But if I use USA EST-- JPY session is set a 7PM, EURO 3AM and USA 8 AM. I think. What I did is set the pivot when it was an hour before each session so I got it right.

Hi Bob,
I would like to know how to set this Pivot thing you are talking about, there's something else I have been doing for the Past 2 weeks with Relative success, I will start Saving my Charts and Trades so that I can make some illustrations of what I am saying for others to see, my first Example is as follows below, see if you Notice what I am trying to say, the Picture is worth a Thousand words.

Happy Trading ,
xrismak

The update on page 1 post 1 has Baluda's newest indi MWDP 1.09. All you have to do is change the hours to GMT in the indi. For example with Cowboy IBFX it is set to 0 for jpy opening. So setting it at 1 sets it back 1 hour for me to get JPY open pivot set one hour before opening. You can go to http://www.forexfactory.com/ at FF to get market start times and adjust your indi from there. I am not sure how that plays out with all the different broker start and ending times around the world.

nanningbob wrote:
... I will download a fresh copy of Empty4 and see if that is the problem this weekend.