help coding missed pivot strategy

• 02/09/2021 at 12:06 AM #160761
  ullle73

  Hi,

   

  on MT4 ive used a statistic indicator showing price almost never misses two pivots in a row in forex. I need help coding a strategy that takes a position towards pivot when last day missed pivot. And todays open is at least 10 pips away from todays pivot. SL X, target PP or Y

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
  02/09/2021 at 9:04 AM #160767
  Nicolas

  So that mean: if yesterday the price didn’t cross the pivot line, take an order today when it will cross the current pivot?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  02/09/2021 at 10:34 PM #160871
  ullle73

  sorry no, an example:

  1.  Yesterdays OPEN is above yesterdays pivot
  2. Yesterdays Low is higher then yesterdays pivot (did not hit pivot)
  3. Todays OPEN is higher then todays pivot
  4. Take a short towards todays pivot.
  5. Set TP and SL to x and y pips (or if possible, set TP todays pivot with equal distance SL 1:1 RR)

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
  02/10/2021 at 3:50 PM #160945
  Nicolas

  ok, so I think that code should be correct for this strategy:

  defparam cumulateorders=false timeframe(daily) pivot=(high[1]+low[1]+close[1])/3 pivot1=(high[2]+low[2]+close[2])/3 c1 = open[1]>pivot1 and low[1]>pivot1 c2 = open>pivot iopen1=open[1] ilow1 = low[1] timeframe(default) if intradaybarindex=0 then trade=1 endif if c1 and c2 and trade then sellshort 1 contract at market set target profit close-pivot set stop loss close-pivot trade = 0 endif graph c1 graph c2 graphonprice pivot1 coloured(0,200,200) graphonprice pivot coloured(200,200,0) graphonprice iopen1 graphonprice ilow1

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

  defparam cumulateorders=false timeframe(daily) pivot=(high[1]+low[1]+close[1])/3 pivot1=(high[2]+low[2]+close[2])/3 c1 = open[1]>pivot1 and low[1]>pivot1 c2 = open>pivot iopen1=open[1] ilow1 = low[1]   timeframe(default) if intradaybarindex=0 then trade=1 endif   if c1 and c2 and trade then sellshort 1 contract at market set target profit close-pivot set stop loss close-pivot trade = 0 endif   graph c1 graph c2 graphonprice pivot1 coloured(0,200,200) graphonprice pivot coloured(200,200,0) graphonprice iopen1 graphonprice ilow1

   

  1 user thanked author for this post.

  ullle73

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  02/14/2021 at 11:19 AM #161369
  ullle73

  Thanks alot nicolas!!

   

  is line 18 correct? looks the same as TP. Nicolas, could you also add in the long? same rules. And also add an alternate TP and SL criteria. A fixed pip like “//set stopp loss x pips” and “//set target profit y pips”

   

  Thanks again!

  

  ullle73

  Participant

  Topics: 51

  Replies: 178

  Been thanked: 7 times
• Author
  Posts