gpfTCPivotLimit - expert for MetaTrader 4





    It is realized by the Trading System on a release from intraday time levels, which pay off on indicator Pivot.

    Trading:

  • it is traded on hour timeframe;
  • after 0 hours of current day, we count levels Pivot, Resist1, Resist2, Resist3, Support1, Support2, Support3;
  • we make purchase after testing level Support (n) by hour candle (T-2) and closing of candle (T-1) above this level, and place stoploss on level Support(n1), takeprofit - on level Resist(n). Т - time of current hour;
  • is used trailing for carry of a stoploss to a point of break-even;
  • we make sale, on the contrary, when an hour candle (T-2) tests Resist(n) and the candle (T-1) is closed below the same level, and place stoploss on level Resist(n1), takeprofit - onSupport(n).

    I explain value of some entrance parameters:

  • variable TgtProfit sets levels of stoplosses/takeprofits and can have values from 1 up to 5;
  • if TgtProfit = 1, that a tested level (buy/sell) = Resist1/Support1, stoploss (byu/sell) = Resist2/Support2, takeprofit (buy/sell) = Suppor1/Resist1;
  • if TgtProfit = 2, that a tested level (buy/sell) = Resist1/Support1, stoploss (buy/sell) = Resist2/Support2, takeprofit (buy/sell) = Support2/Resist2;
  • if TgtProfit = 3, that a tested level (buy/sell) = Resist2/Support2, stoploss (buy/sell) = Resist3/Support3, takeprofit (buy/sell) = Support1/Resist1;
  • if TgtProfit = 4, that a tested level (buy/sell) = Resist2/Support2, stoploss (buy/sell) = Resist3/Support3, takeprofit (buy/sell) = Support2/Resist2;
  • if TgtProfi t= 5, that a tested level (buy/sell) = Resist2/Support2, stoploss (buy/sell) = Resist3/Support3, takeprofit (buy/sell) = Support3/Resist3;
  • the variable isTradeDay defines, that as the open positions will be closed. If isTradeDay = true, the open warrants will be compulsorily closed on the termination of day, else warrants will be in the market yet will be closed on stoploss or takeprofit;
  • at installation value of a variable isTrace = True in a broad gully the file is carried out record of the every possible debugging information for debugging the Trade Systems.
.

    Results of testing: not all pairs at use of this approach on a release send on a positive level of profitableness. Basically positive profitableness has been reached at use trailing.


Download gpfTCPivotLimit - expert for MetaTrader 4




Related News




Latest News
Judge rejects U.S. move to disqualify states' lawyer in T-Mobile/Sprint lawsuit
21.11.2019 23:15
By Jonathan Stempel and Diane Bartz NEW YORK/WASHINGTON (Reuters) - A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's (O:TMUS) planned $26.5 billion takeover of Sprint Corp (N:S). U.S. Magistrate Judge Robert
Read more
What is the 'fictional narrative' a White House ex-adviser warns against?
21.11.2019 23:12
By Andy Sullivan WASHINGTON (Reuters) - U.S. President Donald Trump's former Russia adviser, Fiona Hill, warned lawmakers in the House of Representatives impeachment inquiry on Thursday against promoting what she called a "fictional narrative
Read more
Jordan won't impose new taxes in new 2020 budget: finance minister
21.11.2019 23:09
By Suleiman Al-Khalidi AMMAN (Reuters) - Jordan will not impose new taxes in its proposed 2010 budget but will seek other means including a crackdown on pervasive tax evasion to help boost revenues crucial to lowering record public debt, the finance minister said on Thursday. Mohammad Al Ississ told parliament's finance committee that
Read more
Nordstrom Earnings Beat, Revenue Inline In Q3
21.11.2019 23:06
Investing.com - Nordstrom (NYSE:JWN) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts. The firm reported earnings per share of $0.81 on revenue of $3.67B. Analysts polled by Investing.com expected EPS of $0.64 on revenue of $3.67B. That compared to EPS of $0.67 on revenue of
Read more
Chinese antitrust regulator approves Boeing-Embraer deal
21.11.2019 23:03
BRASILIA (Reuters) - A Chinese antitrust regulator has approved Boeing Co's (N:BA) deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer (SA:EMBR3), according to a statement on the regulator's website. The Boeing-Embraer deal appears on a list dated Nov. 19 of transactions "approved
Read more