Recent content by tarrentino

Thanks :) Nice to know our work is appreciated. We've recently brought out a new multi timeframe pivot system which uses a JavaFX interface to control the underlying pivot systems on the MetaTrader MT4 charts. It's super quick to configure as you don't need to dive into the external input...

Interesting comments.... if the tester had bothered to read the technical data sheet he/she would have seen there is a max risk parameter which stops the trades out if they reach a pre-defined % of account equity in loss.... The reason the arb trades don't use stop losses is twofold - 1) the...

Totally understand your point - but using a fixed calculation basis for your pivots is pretty limiting... it only works accurately if your platform is GMT and you trade the Euro/London open or your platform is EST and you trade the NY open. You need to be able to alter the calculation window...

Technically speaking you are correct - a hedge would normally be executed using another correlated asset class or a derivative of the original asset. However, opposing positions in the market (opened at different levels) opens up opportunities to trade out of each leg profitably depending on...

Not sure I agree with this. Having a fully hedged position is hardly the same as being flat - sure.... you're account equity won't be affected by the hedged positions assuming swaps cancel each other out..... BUT..... you have the option to close down one leg of the hedge at any time you want...

I've seen quite a few people using pivots from a company called FX AlgoTrader. From what I understand they have some additional features such as configurable alerts and time shifting to suit traders in different time zones who want to synch their pivots to European or EST timezones.

Guys, You have identified one of the problems with poorly written pivot indicators. The reason Monday pivots are incorrect is because badly written pivots indicators take the high low and close of the previous day's trading data. So on Monday a crap pivots indicator will blindly calculate the...

Hi folks, If you're looking for a floor pivot system for Metatrader check out the FX Algotrader products. I bought the Daily,Weekly and Monthly pivots bundle for a song. Less than 50 bucks all in - no sales rubbish just sensibly priced FX trading tools which do what they say. I haven't had...

Hi, I'm not sure anything has any solid theoretical justification in terms of TA. Some argue it's a self fulfilling prophecy which has about as much statistical significance as a coin toss! However, Fibs have some substance as the golden ratio on which they're based occurs frequently in nature...

Pivot Calcs are:- PP=(HighD1+LowD1+CloseD1)/3; S1=(2*PP)-HighD1; S2=PP-HighD1+LowD1; R1=(2*PP)-LowD1; R2=PP+HighD1-LowD1; If you use Metatrader you can download a free pivot calculator and display tool from my website. FX AlgoTrader Landing Page - click on free tools on the "About Us" page -...

Daily Pivot Point are generally calculated based on the previous days close ie midnight GMT or in the case of Mondays you'd use Friday's close. I have written a free pivot point calculator which you can download at FX AlgoTrader Landing Page - click on free tools on the "About Us" page. I...

Has anyone got any bright ideas about how to back test arb systems in MT4? I don't think the strategy tester can run more than 1 pair at a time but if I'm wrong please let me know. If anyone can suggest any good backtesting software it would be appreciated. It it can handle MQL4 that would be handy!

Hi Folks, I've been trading FX for about 4 years all in all. I've had a pretty interesting time - all the typical highs and lows, blood sweat tears etc. I've transitioned from day trading to more of a systems trading approach and have spent eons writing algorithmic trading systems and tools in...