Introduction:
This is an Experiment
Trade at your own risk
See the attachments below
Please feel free to add your thoughts
Trade is based on the Eur/Usd
Indicator:
CanuckCT has created an indicator.
Indicator is attached below. Indicator is a work in process.... Indicator is painting fibs back in time for visual testing of the Entries, TPs and SLs.
Anchor Pivot is calculated at the 5pm EDT Open Candle on Sunday, UTC_GMT 21
To shift, use positive numbers only.
Keep on 1HR View
Download Indicator and use the following setup (this is Experiment 1)
This is attachment 1 (A1)
TimeFrame = W1
BTP = 1.11
BE = 0.50
BSL = -0.11
STP = 1.11
SE = 0.50
SSL = -0.11
Put the same indicator on another 1hr view of the Eur/Usd and use the following setup (this is Experment 2)
This is attachment 2 (A2)
TimeFrame = W1
BTP = 2.11
BE = 1.50
BSL = 0.88
STP = 2.11
SE = 1.50
SSL = 0.88
Short Description:
Fib range is based on the Daily ATR(22)/2.
0 is anchored to the Open Price.
Buy fibs start from 0 and go up.
Sell fibs start from 0 and go down.
If you want to buy at 25% above the open price, then use BE = 25.
If you want to sell at 25% below the open price, then use SE = 25.
Same for TP and for SL.
If you want the BSL at 0, then BSL = 0
If you want the SSL at 0, then SSL = 0
(Open, Buy Stop Loss and Sell Stop Loss Labels will overlap.)
MM:
1. Trade at your own risk
2. Modify Buy, Sell, SL, TP and Lots based on calculating how much you can afford to lose based on your Trading Objectives, and Trading Plan
3. Modify Buy, Sell, SL, TP and Lots based on Trend
Comments:
1. I'd like to see if trading from 5pm EDT Sunday night and eventually 5pm EST, based on the above or a modification of the above, can be profitable
2. Trade at your own risk. CanuckCT and I are not responsible for your wins or losses
3. Thanks go out to many FF members - 2005 to present
This is an Experiment
Trade at your own risk
See the attachments below
Please feel free to add your thoughts
Trade is based on the Eur/Usd
Indicator:
CanuckCT has created an indicator.
Indicator is attached below. Indicator is a work in process.... Indicator is painting fibs back in time for visual testing of the Entries, TPs and SLs.
Anchor Pivot is calculated at the 5pm EDT Open Candle on Sunday, UTC_GMT 21
To shift, use positive numbers only.
Keep on 1HR View
Download Indicator and use the following setup (this is Experiment 1)
This is attachment 1 (A1)
TimeFrame = W1
BTP = 1.11
BE = 0.50
BSL = -0.11
STP = 1.11
SE = 0.50
SSL = -0.11
Put the same indicator on another 1hr view of the Eur/Usd and use the following setup (this is Experment 2)
This is attachment 2 (A2)
TimeFrame = W1
BTP = 2.11
BE = 1.50
BSL = 0.88
STP = 2.11
SE = 1.50
SSL = 0.88
Short Description:
Fib range is based on the Daily ATR(22)/2.
0 is anchored to the Open Price.
Buy fibs start from 0 and go up.
Sell fibs start from 0 and go down.
If you want to buy at 25% above the open price, then use BE = 25.
If you want to sell at 25% below the open price, then use SE = 25.
Same for TP and for SL.
If you want the BSL at 0, then BSL = 0
If you want the SSL at 0, then SSL = 0
(Open, Buy Stop Loss and Sell Stop Loss Labels will overlap.)
MM:
1. Trade at your own risk
2. Modify Buy, Sell, SL, TP and Lots based on calculating how much you can afford to lose based on your Trading Objectives, and Trading Plan
3. Modify Buy, Sell, SL, TP and Lots based on Trend
Comments:
1. I'd like to see if trading from 5pm EDT Sunday night and eventually 5pm EST, based on the above or a modification of the above, can be profitable
2. Trade at your own risk. CanuckCT and I are not responsible for your wins or losses
3. Thanks go out to many FF members - 2005 to present
Attached File(s)
Pivot points - Barney Dog Breakout v1.4.mq4
11 KB
|
310 downloads