Index pivots are miles off today. FX seems to be working really well although backtesting according the the rules isnt very profitable. I am not saying The EA isnt profitable. In fact using on 15mins according to the rules is profitable on most of the pairs i have tried so far. Optimizing on 15 mins shows gains of over 90% in EURUSD, Over 100% on USDCAD and 25% on AUDUSD and EURJPY. (not that i think we would realistically get that but i dont think we would make a loss at all). Both BRENT and WTI are profitable on 30 and 15 mins using the rules even with the messed up pivots so i really think we are on to something.
Today i am going to work on the Pivots for index and commodities so we can get proper backtest results. I cant spend too much more time on this though as i was already behind on work for paying customers.
Where do you get your wti and brent pivots? I see oilngold just says crude.
pocrel
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brent is on livecharts, so is gold
gold and silver on oil n gold they seem to be correct there more so than livecharts
i am unable to get the Ea working correctly on currencies so i cant give my opinion on it, but visusally on a day to day basis i will give my anlysis on what i think the EA should have picked up and if it made a profit or not then people can chaeck it again the actual EA if they have it running
thanks for your hard work bud and please do not let this get in the way of the paying job
thanks
patrick
pocrel
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pocrel
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pocrel
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Hi Mata, will look over them at the weekend and report back. Last time I checked oil was best performing.
I dont have MT4 but while you are backtesting/optimizing, try it on a liquid stock (like apple for eg). The reason I say this is because on stocks there is no confusion on where the pivots are. Every package with any broker should give you identical pivots whereas this is clearly not the case with fx/indices/futures.
I dont have MT4 but while you are backtesting/optimizing, try it on a liquid stock (like apple for eg). The reason I say this is because on stocks there is no confusion on where the pivots are. Every package with any broker should give you identical pivots whereas this is clearly not the case with fx/indices/futures.
pocrel
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Hi Pocrel, great thread & very generous of you to give up yr time to share & help with this.
I notice Dax pin on yr chart is on R1 7466.3. However my R1, copied from todays LiveCharts is at 7473.01 (DP 7414.89) & I am puzzed by the difference as I believe you use LiveChart levels for Indices.
Cheers, Geoff
pocrel
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hi Geoff
thank you for pointing that out i entered the close as 7433.95 instead of 7443.95
silly me, you can always get a figure wrong
thaanks again for points that out and well done for picking up on it
cheers
patric
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here is the right levels on the dax chart now and as we can see no valid trades
thanks to Geoff
chart
June Brent does expire today according to my calander.
pocrel
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yes we have moved on to the july contract so that is the reason always gets a little distorted due to this, will settle down after the contract expires and we will get the correct figures back, i would just enter the figures from your own chart
high low close
I dont think its going to be possible to get accurate auto pivots for commodities (i will test index in a bit).
Obviously to auto generate the pivot values i need to get the open, close, high and low from the prev day (market hours). So in theory i should be able to look at livecharts, get these values and find them on an hourly chart of yesterday. This isnt working and i bet your charts are different again. An example
SLM Livecharts (WTI)
Open 98.95 99.06
Close 98.95 98.97
High 100.44 100.48
Low 95.23 95.24
This is assuming WTI markrt times that pivots are calculated at are 00.00 GMT to 21.00 gmt. If anyone can correct these times please let me know.
[edit] The format of the little chart above is messed but you get the idea.
Obviously to auto generate the pivot values i need to get the open, close, high and low from the prev day (market hours). So in theory i should be able to look at livecharts, get these values and find them on an hourly chart of yesterday. This isnt working and i bet your charts are different again. An example
SLM Livecharts (WTI)
Open 98.95 99.06
Close 98.95 98.97
High 100.44 100.48
Low 95.23 95.24
This is assuming WTI markrt times that pivots are calculated at are 00.00 GMT to 21.00 gmt. If anyone can correct these times please let me know.
[edit] The format of the little chart above is messed but you get the idea.
