Hey fellow traders! Today, let’s dive into the world of pivot points and how you can leverage the Pivots_Test strategy on MetaTrader 4 to enhance your trading game.
The pivots indicator is a handy tool that helps us identify potential reversal points in the market. It’s particularly useful for determining key levels for entry and exit.
How to Use the Pivots_Test Strategy
When trading with the Pivots_Test strategy, here’s how you should set up your orders:
- Buy: Start from the pivot point with a target profit up to R2 and a stop loss up to S2.
- Sell: Begin from the pivot point aiming for a profit up to S2 and a stop loss up to R2.
Strategy Tester Report
Pivots_Test
Alpari-Classic (Build 218)
| Symbol | EURJPY (Euro vs Japanese Yen) | ||||
| Period | Day (D1) 2008.08.01 00:00 - 2008.11.07 00:00 | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | Lots=0.1; TrailingStop=25; magicnumber=777; | ||||
| Bars in test | 1071 | Ticks modelled | 1988820 | Modelling quality | 65.43% |
| Missmatched charts errors | 40 | ||||
| Initial deposit | £1000.00 | ||||
| Total net profit | £507.40 | Gross profit | £782.95 | Gross loss | -£275.55 |
| Profit factor | 2.84 | Expected payoff | £16.91 | ||
| Absolute drawdown | £129.59 | Maximum drawdown | £219.97 (20.17%) | Relative drawdown | 20.17% (219.97) |
| Total trades | 30 | Short positions (% won) | 15 (100.00%) | Long positions (% won) | 15 (86.67%) |
| Profit trades (% of total) | 28 (93.33%) | Loss trades (% of total) | 2 (6.67%) | ||
| Largest | profit trade | £79.39 | loss trade | -£174.52 | |
| Average | profit trades | £27.96 | loss trade | -£137.77 | |
| Maximum | consecutive wins (profit in money) | 20 (£520.12) | consecutive losses (loss in money) | 1 (-£174.52) | |
| Maximum | consecutive profit (count of wins) | £520.12 (20) | consecutive loss (count of losses) | -£174.52 (1) | |
| Average | consecutive wins | 9 | consecutive losses | 1 | |
So, there you have it! The Pivots_Test strategy can be a game-changer when used effectively. Make sure to backtest your settings and adapt them to your trading style. Happy trading!
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