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| Calculations |
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Predator
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| Post subject: Calculations |
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Posted: Tue 21 May, 2013, 14:25
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User rating: 0
Joined: Mon 20 May, 2013, 17:19
Posts: 10
Location: Australia, Sydney
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Hi!! I am trying to make a strategy whereby a market order is placed once the price is X amount of pips away from a specific support or resistance level such as a pivot point.
In the calculations box I have entered the PP as the first parameter, can someone please tell me what to enter in the second parameter if I want to calculate "Pivot level less 10 pips".
Thanks
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nicbrunelli
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| Post subject: Re: Calculations |
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Posted: Wed 22 May, 2013, 03:15
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User rating: 0
Joined: Sat 04 May, 2013, 16:08
Posts: 17
Location: ItalyItaly
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HI, what I would do is:
let's say you want to add 10 pips to the support level.
if you would be trading eur/usd, and for ex the support level is at 1.3000, if you want to enter at 1.3010 you need to add 0.001 to your support level
so it would be:
A1: pivot
A2: 0.001
result of calculation: A1+A2
I think that should work try it out
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vadim_berezhnoj
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| Post subject: Re: Calculations |
Post rating: 0
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Posted: Wed 22 May, 2013, 08:43
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| Visual JForex expert at Dukascopy |  |
User rating: ∞
Joined: Mon 22 Apr, 2013, 11:30
Posts: 604
Location: UkraineUkraine
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Such method would not work with Gold or JPY pairs.
Because there pip is 0.01.
To avoid that you should use pipSize.
It is a constant that saves the value of the pip for traded currency pair.
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Para
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| Post subject: Re: Calculations |
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Posted: Wed 22 May, 2013, 08:57
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User rating: 6
Joined: Fri 12 Apr, 2013, 14:08
Posts: 88
Location: FranceFrance
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Well spotted Vadim  .
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Predator
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| Post subject: Re: Calculations |
Post rating: 0
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Posted: Thu 23 May, 2013, 20:58
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User rating: 0
Joined: Mon 20 May, 2013, 17:19
Posts: 10
Location: Australia, Sydney
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Hi, thanks for the tips guys, only just got round to looking at them now.
I still seem to have a bit of a problem with it though, I've attached the file, if you could tell me where I've gone wrong I'd appreciate it.
Thanks
| Attachments: |
PivotpointswithDMI.vfs [35.84 KiB]
Downloaded 274 times
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