Pivot Panther Automated Trading EA Robot -Free EA Robot

Pivot Panther EA

Principle of operation

The Pivot Panther trades a Breakout of the Pivot Points. He only uses Pending Orders. The Pivot points are calculated for each new Candle. You can choose between 8 different Support and Resisting Levels. The system works best on H4 and D1 Timeframes.

Parameters for the Pivot Point

Level = Choose 1 from 8 different support and resistance level (default is 1)

Levelsupportresistance
1S1R1
2S2R2
3S3R3
4M0M5
5M1M4
6M2M3
7L3H3
8L4H4
The Calculation of the Pivot Point Levels

Q = (yesterday high – yesterday low)
P = (yesterday high + yesterday low + yesterday close*2) / 4

R1 = (2*P)-yesterday low
S1 = (2*P)-yesterday high
R2 = P+(yesterday high – yesterday low)
S2 = P-(yesterday high – yesterday low)
R3 = (2*P) +(yesterday high-(2*yesterday low))
S3 = (2*P) -((2* yesterday high)-yesterday low)

H4 = (Q*0.55) +yesterday close
H3 = (Q*0.27) +yesterday close
L3 = yesterday close-(Q*0.27)
L4 = yesterday close-(Q*0.55)

M5 = (R2+R3)/2
M4 = (R1+R2)/2
M3 = (P+R1)/2
M2 = (P+S1)/2
M1 = (S1+S2)/2
M0 = (S2+S3)/2

NOTE:

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DISCLAIMER: Please read carefully before you decide to invest in Forex Market

  • Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favourable results. Before you purchase, please read our RISK DISCLAIMER.
    BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat into the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this we recommend that you test the EA on your own broker account using many variations of currencies, time frames and settings to make sure you experience favourable results in current market conditions before trading live accounts.
  • Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
  • Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
  • Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
  • Before deciding to trade products, you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.

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