Pivot Trading EA

1. MUST READ the EA Set up Information and FAQs, earlier than you begin asking questions

2. JOIN our Telegram chat group (to get the most recent information and talk about with lots of of fellow merchants)!

3. Extra particulars beneath

------------------------------------------------------------------------------------------

Good day to you, earnest merchants, thanks for dropping by this thread!

This thread is about growing the rAlgo Pivot Trading Professional Advisor (rPT-EA) on MT4, I coded the rPT-EA based mostly on the pivot buying and selling technique shared by Mr. Davit. Particular because of Davit, thanks for selflessly sharing your buying and selling methodology.

As you realize there are each benefits and drawbacks of Handbook vs. Automated buying and selling techniques, so I'm not going to elaborate additional. Davit's system is a guide one, whereas I endeavor to copy Davit's system into a totally automated EA robotic for unattended buying and selling. Davit's thread https://www.forexfactory.com/showthread.php?t=588764 If you do not know something about this Pivot Trading system, please learn Davit's thread and study the whole lot from there.

rPT-EA was developed in April 2018, the primary launch was v0.5, the most recent model is v0.7, you'll be able to see that from the model quantity, rPT-EA continues to be in beta stage, as I'm nonetheless testing and fine-tuning the algorithms. Though it is nonetheless in beta growth, the buying and selling outcomes reported by a lot of our FF members on this thread exhibits that the EA is already producing sizeable income, that is very encouraging to us all, nonetheless it's best to commerce at your individual danger and discretion.

To get organized, I've teamed up with WindChaser to develop this challenge collectively, I'll deal with EA growth whereas WindChaser will assist handle this thread, take care of administrative duties (suggestions/characteristic requests/bug reporting and so forth), basic help and liaison issues. Thanks WindChaser on your contribution!
(Tidbit: WindChaser and I are each IT Professionals, he's based mostly in Singapore whereas I'm based mostly in Jakarta)

I invite you to not simply learn by the thread, however actively contribute your feedback/concepts/bugs/outcomes so we will enhance the rPT-EA.

WARNING! Learn this rigorously:
1. I'm the creator of rPT-EA, the EA is FREE nevertheless it's NOT open-source.
2. I added EA safety to forestall unethical merchants from promoting the rPT-EA, so I amassing account info by way of MT4 WebRequests. If I discovered somebody promoting my EA or doing one thing that causes injury to me or different individuals, I'll shut down the EA for that account.
3. If you're not comfy with Level #2, it's best to cease utilizing rPT-EA instantly.

rPT-EA Releases (and directions on tips on how to setup the rPT-EA included within the hyperlinks beneath):
20180607: v0.51 relased! --> Obtain v0.51 right here (being deprecated...)
20180711: v0.6 launched with main enhancements! --> Obtain v0.6 right here (you'll be able to nonetheless check it, see #Submit 554 for more information)
20180718: LATEST VERSION v0.7 launched! --> Obtain v0.7 right here (see #Submit 649, #Submit 800 for more information)
20180723: Backtest mini challenge begins, chosen members will be part of the Backtest crew. [UPDATE 20180729: A 5-person Backtest Workforce is shaped and we purpose to finish the backtest and share some preliminary leads to the week of 6 Aug)
20180725: Telegram group created (group members crossed 100 in 3 days!) --> https://t.me/joinchat/HYTxHhCWwJS9jra3TzKDNw
20180731: EA Set up Information up to date, comes with 20 FAQ solutions! --> Hyperlink to Information

FAQ:
1. Why did you begin this thread?
I consider everybody can study and the great FF neighborhood can come collectively to construct an superior EA.

2. Is that this a rip-off? It doesn’t make sense to me, if an EA is worthwhile, why would you wish to launch it at no cost since you've gotten spent a lot time growing it?
In step with the neighborhood ethos of Foreign exchange Manufacturing facility, I wish to promote the spirit of community-based growth, and to domesticate Paying-It-Ahead angle amongst FF members. When you've got benefited, it is your flip to share and be sort to others.

3. Will this EA be without end free?
My unwavering intention is to develop the EA to be persistently worthwhile and secure, and the secure model will all the time stay free. Nevertheless as an Algorithmic-Trading Programmer, I retain the rights to work on different variants of the rPT-EA, and can determine to go business or not.

4. What are the perfect pairs to commerce, finest TimeFrame and the perfect set information?
For now you'll be able to ahead check the rPT-EA on main pairs (on demo or CENT accounts), to this point the perfect TF is H4, use the default settings for now.

5. Can I backtest the rPT-EA?
Presently the rPT-EA is restricted to chose Backtest members who've highly effective computer systems and 99.99% tick knowledge high quality, the backtest outcomes will likely be shared to reply Query 4 above.

6. Backtesting is pointless and ineffective, and I think the outcomes you shared are faux.
We don't wish to debate on whether or not backtesting is beneficial or ineffective, you'll be able to determine. And certain, we perceive you shouldn't belief the whole lot you learn on-line, so the recommendation is so that you can obtain the v0.7 EA and put it on a DEMO account to ahead check it. You be the decide.

7. Why the EA doesn't appear to work with my US brokerage account which requires FIFO buying and selling?
The rPT-EA isn't compliant with US FIFO buying and selling, so we can't assure if it really works/not work, you'll have to determine it out. We've got different urgent priorities and wouldn't have plans to realize FIFO compliance within the close to time period.

8. How can I get extra help or contribute to this challenge?
a. You'll be able to proceed to put up feedback/concept/bugs/outcomes right here on this thread
b. You'll be able to be part of the Telegram group to talk with different like-minded merchants who're additionally testing the rPT-EA
c. You'll be able to electronic mail [email protected] to achieve each WindChaser and I

Inexperienced pips to all,
akangaziz & WindChaser