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Thread: Pivot point ea

  1. #1
    Junior Member
    Join Date
    Dec 2009
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    22

    Default Pivot point ea

    Hi,

    I'm looking for an ea code to get this logic for open orders;

    As Indicator ZDX-TzPivots

    First case

    Open Buy

    Price is above pivot point, an buy order is open when touch an resistanse line.For example when price touch mr1, stoploss will be pivot point. If price goes up to r1 then stoploss goes to mr1 and so on.

    Open Sell

    Price is under pivot point, an sell order is open. When price touch ms1, stoploss will be pivot point. If price goes down to s1 then stoploss goes to ms1 and so on.

    Close

    When price comes back and touch stoploss

    Second case buy

    If price is above pivot point an buy order is open when any resistance value is touched but in case price goes down and touch previous line an second buy order is open with same lot size. If price gets down to next line then another buy order is open with double lot size an so on.

    Second case sell

    If price is under pivot point an sell order is open when any support value is touched but in case price goes up and touch previous line an second sell order is open with same lot size. If price gets up to next line then another sell order is open with double lot size an so on

    Close

    Close will be when price comes back and the previous line is touched having in attention that we have a profit after any swap or commission if any.

    No order will open at pivot line.

    Thanks in advance for any help

    Luis Neves
    Last edited by luisneves; 09-19-2012 at 16:34.

  2. #2
    Member
    Join Date
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    Australia
    Posts
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    Default

    Do you have the indicators?

  3. #3
    Junior Member
    Join Date
    Dec 2009
    Posts
    22

    Default

    Hi,

    Before all, thank you in advance for you prompt response. In attach is the indicator.

    best regards

    Luis Neves
    Attached Files Attached Files

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Tags for this Thread

commission, indicator, indicators, pivot, profit, resistance, stoploss, support, thank you

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