MinorPivot System

Post anything related to mechanical systems and automated trading here.
Post Reply
pleiterr
Posts: 10
Joined: Wed Oct 28, 2015 4:54 pm
Contact:

MinorPivot System

Post by pleiterr » Sun Jan 15, 2017 7:58 pm

Hi everyone,

A while ago I watched a webinar of Earik sharing a system that used SmartMoneyColorBars and Minor pivots to find a good entry for a breakout of the candle's minor pivot and thus produce a trend continuation.

I then had the idea that instead of waiting for the breakout, it could be better to follow the pullback until a candle closed below/above the previous one without SmartMoney changing its color (accepting black as the same color). Then the trade would be opened and closed after the first profitable open or 3 unprofitable opens. I normally use SmartMoney with lenghts of 32 or 64 depending on the market, it will be nice to run some optimizations to find the best values for a particular market. The bars can be either blue, red or black so when black they are valid with the last color. I first only traded once every time SmartMoney changed color but I found out that it works well all the time.

I've been trading this system discretionary and results are great, I first started trading it intraday and although it works well It struggles a bit more to weather comissions and slippage than daily charts. I know it can help perform better some systems of the community so I would like to share it, If anyone has the ability to code it will be much appreciated :D
Attachments
MinorPivot_ST2.PNG
MinorPivot_ST2.PNG (18.33 KiB) Viewed 17335 times
MinorPivot_ST.PNG
MinorPivot_ST.PNG (16.41 KiB) Viewed 17335 times

hjelmstade
Posts: 34
Joined: Wed May 18, 2016 6:51 pm
Contact:

Re: MinorPivot System

Post by hjelmstade » Sun Jan 15, 2017 9:52 pm

This is great, thank you for sharing :)

What indicator is creating the black dots on the end of some of the bars?

It won't be too hard to code, but I'll have to experiment around with identifying the pivots and may have to use a regular expression for that if I'm not able to use the black dot indicator.


I have a number of things on my to do list now but will share when I have something and will let you know if I'm able to implement into any of the existing systems I shared.

Thanks!

rlygangesh
Posts: 39
Joined: Sun Oct 02, 2016 3:40 pm
Location: Mumbai, India
Contact:

Re: MinorPivot System

Post by rlygangesh » Mon Jan 16, 2017 4:35 am

Hi sir
i think Wave Tracker indicator is responsible for any pivot minor, major or intermediate
Attachments
Screenshot 2017-01-16 10.02.59.png
Screenshot 2017-01-16 10.02.59.png (22.79 KiB) Viewed 17322 times
rlygangesh@gmail.com

pleiterr
Posts: 10
Joined: Wed Oct 28, 2015 4:54 pm
Contact:

Re: MinorPivot System

Post by pleiterr » Mon Jan 16, 2017 9:01 am

Yes, minor pivots are created with the wave tracker indicator. Minor pivots appear at the high when the bar is higher than the previous two bars, as well as higher than the next two bars. The opposite happens when a minor pivot appears at the low of the bar.

Keep in mind when coding that this indicator is not real time and it waits two bars to confirm the minor pivot at the high or low. They are very useful to find pullbacks.

I am pretty sure It could help you with your systems since entries are very accurate and with an acutal robust system it could make your edge even greater :D

All the best!

hjelmstade
Posts: 34
Joined: Wed May 18, 2016 6:51 pm
Contact:

Re: MinorPivot System

Post by hjelmstade » Tue Jan 17, 2017 8:40 am

Great, thank you both for the clarification :)

Post Reply

Who is online

Users browsing this forum: No registered users and 2 guests