I'm interested in what you make of the very big difference between your EA and what I came up with in Excel.

Daily Pivot Point Trades

Was the day biased towards selling or buying? I know on GBPUSD it was towards buying. Remember, we expect the price to go towards the pivot and bouce off of it. It won't be a perfect bounce right at the pivot, but that is why we have the SL at S1. ...

Daily Pivot Point Trades

Based off of GBPUSD only.

Daily Pivot Point Trades

I am surprised at how different your results are compared to my studies with Excel. So different that it makes me wonder if you didn't do something incorrectly. What was the daily cutoff time used in those tests? The good thing about excel is I can ...

Daily Pivot Point Trades

Oops — Well, this is embarassing, There appears to have been an error with my spreadsheet, I was using the wrong column for the Pips lost calculations. Good news is it has helped tremendously! For example, in 2011 I reported pips lost ...

Daily Pivot Point Trades

Skyzer I just wanted to re-respond to this post of yours and say that I am warming up to the idea of the R1/S1 as the TP level. I even did some math for it and made a chart. How I did the calculation: If the day was a win then it recorded the R1 - ...

Daily Pivot Point Trades

Lots to respond to, hope I get it all! This is a one trade a day sort of thing. Set your pending order and let it go. If you want to trade daily pivots intraday then you would look for a confirming reversal signal on a bounce. I would recommend the ...

Daily Pivot Point Trades

url This is a adjustable daily pivot indicator. I don't use it though. I have an indi that plots lines that are then moved each new day. I use oanda so I never bothered to find an adjustable one. Worst case, you can plot them until you find ...

Daily Pivot Point Trades

There will be times when it doesn't hit the daily pivot. You showed a chart of one of those times. Think about it this way: If price rarely hits the pivot then price would have to basically trend ALL the time.

Daily Pivot Point Trades

I hope you don't take this wrong but you must have done something wrong. It almost always touches the pivot. These past few days with the EURUSD has been an exception, but it is a pretty abnormal market.

Daily Pivot Point Trades

It has 2 problems: it tries to make an order every tick and it uses your broker's server time s the daily cutoff. Both have been identified It produces orders correctly though. What problem are you having?

Daily Pivot Point Trades

Because we expect the price to go higher towards the pivot before returning on its original trend down. (Flip for buy orders)

Daily Pivot Point Trades

TF is daily. One pending order is placed before london opens. Midnight EST is 0500GMT, so for you at 6am you would look at the pivots and set your trade. For lot size I stick to a standard size. I would pick a size that on average only risks 1-2%. ...

Daily Pivot Point Trades

Oanda uses midnight EST for their server time, so if you use them for your broker then great, you don't need to look elsewhere. If you don't use Oanda, or want to make it even easier then you can use any number of online pivot calculators. (I ...

Daily Pivot Point Trades

I believe USDJPY as well as AUDUSD would benefit from a 1700EST daily cutoff. That would require further testing.

Daily Pivot Point Trades

Thanks guys for posting some results! Glad to hear of your success. If you don't mind my asking; what 15 pairs did you use, and why?

Daily Pivot Point Trades

Its all good! I appreciate that you brought up an issue in a respectful manner. I could have honestly not known about the "bug", the only way to know for sure is to say something.

Daily Pivot Point Trades

Yes, I am aware of that issue, I mentioned it in the post. A simple way around it is to require manual confirmation and then turn off / remove the EA once the trade is submitted. I intend to work on it more tomorrow when I am free.

Daily Pivot Point Trades

Very rough EA — Here is a quick EA that will generate the appropriate Order using the basic rules outlined in the first post. For options: EAOn - set to True for the thing to work TimeZone - doesn't do anything yet. LotSize - how big of an ...

Daily Pivot Point Trades

Dove, glad to see you stop by. Thanks for the post!

Daily Pivot Point Trades