TC Pivot Stop Forex Robot for MetaTrader 4

It is realized by the TS on breakdown of day time levels, which pay off on indicator Pivot.

Trading:

  • it is traded on hour time frame;
  • after 0 hours of current day, we count levels Pivot, Resist1, Resist2, Resist3, Support1, Support2, Support3;
  • after closing an hour candle above Pivot we make purchase and stoploss at level Support(n), takeprofit on Resist (n);
  • it is used trailing for carry of a stop loss to a point of break even;

TC Pivot Stop Forex Robot for MetaTrader 4

I explain value of some entrance parameters:

  • variable TgtProfit is levels of stops and profits and should have values 1, 2 or 3;
  • if TgtProfit = 1, that stoploss (byu/sell) = Resist1/Support1 and takeprofit (byu/sell) = Support1/Resist1;
  • if TgtProfit = 2, that stoploss (byu/sell) = Resist1/Support1 and takeprofit (byu/sell) = Support2/Resist2;
  • if TgtProfit = 3, that stoploss (byu/sell) = Resist2/Support2 and takeprofit (byu/sell) = Support3/Resist3;
  • the variable isTradeDay defines, that as the open positions will be closed. If isTradeDay = true, the open warrants will be compulsorily closed on the termination of day, else warrants will be in the market yet will be closed on stop or of profit;
  • at installation value of a variable isTrace = True in a broad gully the file is carried out record of the every possible debugging information for debugging the TS.

 

Results of testing: not all pairs at use of this approach on breakdown send on a level of profitableness.

In the following adviser it will be realized by the TS on a release from the same levels.

Free Download

TC Pivot Stop Forex Robot for MetaTrader 4

MT4 Forex Robot Characteristics

Currency pairs: USD crosses recommended

Platform: Metatrader 4

Type: Expert advisor

Time frames: 1-Minute, 5-Minutes, 15-Minutes.

Type: Breakout

Installation

Copy and paste the gpfTCPivotStop.mql4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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