Highly Adaptable Pivot Strategy

[moomoofx]

Hi,

Re: FJFX
Sorry, no ideas. Strategies are not dragged onto charts though but are configured through the Strategy Dashboard under Charts -> Alerts and Trading Automation ... Can you get any of the strategies that come with Trading Station to work?

Re: MaggieQ
This is not a bug maggie. In your screenshot of the history it says "Close trade .... by order MC" ... MC is Margin Called. This is somewhat expected given you never close trades out but keep entering into new positions and thus ran out of margin. If you look at the other screenshot you pasted you can see that the market kept moving in one direction and you kept on having your "R" conditions triggered.

Cheers,
MooMooFX

[refresc0]

i slightly modified the code to use yesterday's pivot points because using current ones can trigger false positions as the current points are constantly moving with price. thus previous' day points are easier to work with because they are fixed.

Cheers

[moomoofx]

Hi refresc0,

The pivot levels should only update when a new candle for the chosen Pivot timeframe is presented. So, if your Pivot Levels are setup to be D1, then the pivot levels are only updated once per day.

You can confirm this in the code as the CalcLevels function is only executed when the Pivot's source is updated.

Cheers,
MooMooFX

[moomoofx]

Hi all,

The previous implementation did not start trading until the Pivot timeframe had updated at least once. This means when running on a live or demo account you have to wait until the new day before it could start trading (assuming the pivot timeframe is D1). This is not ideal, and the strategy should calculate the pivot levels as soon as it has a chance (much like the indicator does). I have changed the implementation accordingly.

Additionally, I changed how the strategy's calculation of the pivot levels ignores non-trading periods. I'm not certain, but I believe the previous version may have miscalculated pivot levels for pivot timeframes shorter than daily.

The new version I will post here. The previous version can still be accessed from the original post.

Cheers,
MooMooFX

[moomoofx]

Hi MooMoo, I wonder if it's possible a change, like having a limit on daily positions, ie contain a field for a maximum number of open positions, as is already happening, but also have another that limits the maximum number that program opens daily. Example, I want to have a maximum of 20 open positions but I also want the program to only open two new positions daily maximum.
Thanks in advance
Paulo C

This has now been implemented. The latest version of the strategy posted above has been updated to include a "Position Throttle" parameter that controls how many new positions can be opened within the same day. Day is as defined using the server date.

Cheers,
MooMooFX

[Robadub]

Hi!!,

Ive been study the “Center pivot" and was wondering if
In the strategy can have this rules...

A. In the Pivot Action Section:
1.If yesterday "daily price" close above the center pivot; then Buy
2.If yesterday "daily price" close Below center pivot; then Sell

B. And if is not to much ask...Can have a RSI for the last 2 rules?

1.To the BUY action: when RSI is Below 38
2.To the Sell action: when RSI is Above 62

Thanks so much in advanced.
The work that u all have here is amazing and artistic!!

[pipsqueezer]

Fantasticly customizable strategy, great work. I use a strategy based on the London open pivots. Is there any chance that this strategy could be altered to include a way to change the time of the pivots, similar to what this indicator does?
http://fxcodebase.com/code/viewtopic.php?f=17&t=4564&hilit=day+pivots
Thanks

[Apprentice]

Your request is added to the development list.

[MC. Trend Trader]

Hi,
Can you please add following function
If long position is open and sell signal is given should be close long and open sell.

Thanks in advance

[Apprentice]

Strategy was revised and updated.