Pivot Hedging Strategie

[fortesan9]

Dearest FX Codebase ^ Co

Could this idea be developed into a strategie ?

If Price crosses Over or Under Pivot Point; Open both Long and Short Positions with the custom Stop Loss, Limit Profit and Position Limit parameters.

All this idea based on the Hedged RRR,

[Apprentice]

Your request is added to the development list.
Development reference 381.

[fortesan9]

Thanks a lot beforehand Don Apprentice,

I'm sure it will be fenomenal like all your works !

[Apprentice]

I don't understand the hedging logic.
Can you provide more information on this bit?

[fortesan9]

yES of course,

The entry function for the long/short hedged position would be a price crossover or crossunder of the central pivot point.

The exit function would be the stop loss, limit profit in pips.

[fortesan9]

Apprentice & Co

I´m still trying to figure out a suitable logic for this strategie, attached some options and the required functions/variables for the algorithm.

[Apprentice]

Your request is added to the development list.
Development reference 430.

[fortesan9]

any neWs Don Apprentice

[fortesan9]

As for now have the logic below coded, which generates plenty false/error trades, I think the problem is the direct crosses between pivots.

Some POV would be of great assistance for a FIX on this one


function IsEntryLong(source, period)
return core.crossesOver(source.close, PIVOT.R1, NOW)
or core.crossesOver(source.close, PIVOT.R2, NOW)
or core.crossesOver(source.close, PIVOT.R3, NOW)
or core.crossesOver(source.close, PIVOT.R4, NOW)
or core.crossesOver(source.close, PIVOT.P, NOW)
or core.crossesOver(source.close, PIVOT.S1, NOW)
or core.crossesOver(source.close, PIVOT.S2, NOW)
or core.crossesOver(source.close, PIVOT.S3, NOW)
or core.crossesOver(source.close, PIVOT.S4, NOW);
end
function IsEntryShort(source, period)
return core.crossesUnder(source.close, PIVOT.S1, NOW)
or core.crossesUnder(source.close, PIVOT.S2, NOW)
or core.crossesUnder(source.close, PIVOT.S3, NOW)
or core.crossesUnder(source.close, PIVOT.S4, NOW)
or core.crossesUnder(source.close, PIVOT.P, NOW)
or core.crossesUnder(source.close, PIVOT.R1, NOW)
or core.crossesUnder(source.close, PIVOT.R2, NOW)
or core.crossesUnder(source.close, PIVOT.R3, NOW)
or core.crossesUnder(source.close, PIVOT.R4, NOW);
end
function IsExitLong(source, period)
return core.crossesOver(source.close, PIVOT.R1, NOW)
or core.crossesOver(source.close, PIVOT.R2, NOW)
or core.crossesOver(source.close, PIVOT.R3, NOW)
or core.crossesOver(source.close, PIVOT.R4, NOW)
or core.crossesOver(source.close, PIVOT.P, NOW)
or core.crossesOver(source.close, PIVOT.S1, NOW)
or core.crossesOver(source.close, PIVOT.S2, NOW)
or core.crossesOver(source.close, PIVOT.S3, NOW)
or core.crossesOver(source.close, PIVOT.S4, NOW);
end
function IsExitShort(source, period)
return core.crossesUnder(source.close, PIVOT.S1, NOW)
or core.crossesUnder(source.close, PIVOT.S2, NOW)
or core.crossesUnder(source.close, PIVOT.S3, NOW)
or core.crossesUnder(source.close, PIVOT.S4, NOW)
or core.crossesUnder(source.close, PIVOT.P, NOW)
or core.crossesUnder(source.close, PIVOT.R1, NOW)
or core.crossesUnder(source.close, PIVOT.R2, NOW)
or core.crossesUnder(source.close, PIVOT.R3, NOW)
or core.crossesUnder(source.close, PIVOT.R4, NOW);

[fortesan9]

think you are right.. not a great idea