Greetings to everyone ! Apprentice i have an idea-request for a strategy at the pivot points, if it's possible.
The general idea as an example is this :
For breakaway :
If current R1 are higher than previous R1 then BUY at the level of previous R1 and close position at current R1.
If current R1 are lower than previous R1 then BUY at the current R1 and close position at the level of previous R1.
If current S1 are higher than previous S1 then SELL at current S1 and close position at the level of previous S1.
If current S1 are lower than previous S1 then SELL at the level of previous S1 and close position at current S1.
For the opposite manner as a reverse strategy :
If current R1 are higher than previous R1 then SELL at current R1 and close position at the level of previous R1.
If current R1 are lower than previous R1 then SELL at the level of previous R1 and close position at current R1.
If current S1 are higher than previous S1 then BUY at the level of previous S1 and close position at current S1.
If current S1 are lower than previous S1 then BUY at current S1 and close position at the level of previous S1.
So, i was thinking the parameters like this :
Price type : Bid, Ask
Time frame : m1,m5,m15,m30,H1,H2,H3,H4,H6,H8,D1,W1,M1
Pivot time frame : m1,m5,m15,m30,H1,H2,H3,H4,H6,H8,D1,W1,M1
Calculation mode : Classic Pivot, Camarilla, Woodie, Fibonacci, Fibonacci Retracement
Allow strategy to trade : Yes, No
Allowed side : Buy, Sell, Both
Account to trade on :.....
Trade amount in lots : 1,2,3,4,.....
Type of signal : Direct, Reverse
Entry execution type : Live, End of turn
Allow multiple : Yes, No
Position limit :0,1,2,3...(Zero for unlimited)
Close on opposite : Yes, No
Breakeven in pips :...-3,-2,-1,0,1,2,3...
Type of strategy : Breakaway, Reverse
With the following (Action, No Action) i mean that after i choose let's say the Breakaway type of strategy, if the Resistances or some of them (R4,R3,R2,R1)
are in the Action mode, then they will trade the
same way as i describe above for the R1 and S1 example. The same for Pivot(P) and the Supports (S1,S2,S3,S4)
R4 : Action, No Action
R4 Stop : No stop,R3,R2,R1,P,S1,S2,S3,S4
R3 : Action, No Action
R3 Stop : No stop,R4,R2,R1,P,S1,S2,S3,S4
R2 : Action, No Action
R2 Stop : No stop,R4,R3,R1,P,S1,S2,S3,S4
R1 : Action, No Action
R1 Stop : No stop,R4,R3,R2,P,S1,S2,S3,S4
P : Action, No Action
P Stop : No stop,R4,R3,R2,R1,S1,S2,S3,S4
S1 : Action, No Action
S1 Stop : No stop,R4,R3,R2,R1,P,S2,S3,S4
S2 : Action, No Action
S2 Stop : No stop,R4,R3,R2,R1,P,S1,S3,S4
S3 : Action, No Action
S3 Stop : No stop,R4,R3,R2,R1,P,S1,S2,S4
S4 : Action, No Action
S4 Stop : No stop,R4,R3,R2,R1,P,S1,S2,S3
Apprentice thank you in advance as always !