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Squeeze n Go | MTF System

  • #41
  • Dec 22, 2024 3:03pm Dec 22, 2024 3:03pm
BTC M1
Nice one band setup that went exactly as the system calculates. Price exploded out of the squeeze.
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  • #42
  • Dec 22, 2024 5:03pm Dec 22, 2024 5:03pm
Quoting MachineLearn
BTC M1 Nice one band setup that went exactly as the system calculates. Price exploded out of the squeeze. {image} {image}
There you go, no reason to respect Sell side no squeeze.
  • #43
  • Edited 7:12pm Dec 22, 2024 6:35pm | Edited 7:12pm
Quoting MachineLearn
BTC M1 Nice one band setup that went exactly as the system calculates. Price exploded out of the squeeze. {image} {image}
Hi Machine

I reckon you are using a Bollinger Band set on SMA instead of its better back tested settings of EMA. That way you get the both bands aligned correctly.
I like both set to 21 MA as you can see with the chart below.

Then I would focus on a break away of the white EMA during a Bollinger Band Squeeze.

I think BTCUSD offers the best Squeeze setups I have ever seen, especially on the H1 time frame.
It’s still a scalping strategy so I never used a trailing stop but just look to exit the position when the momentum stops. And that stoping is when price falls below the white 21 EMA line or if price hits massive resistance zone.

Lastly I always look for trend or trend separation from its correct volume value pricing meaning that trade also had a reversal play on VWAP.
So you had a combo of a nice a Squeeze/ VWAP setup which is a 88% sure winner always.

Currently trading from a Japanese mountain resort north of Sapporo during the holiday break which is a period I love trading due to high volatility / low volume markets. I normally trade reversals mostly during these period's because trends can become a gamble.

Cheers
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Trading thin liquidity at the boundary of the charts
  • #44
  • Edited 7:07pm Dec 22, 2024 6:55pm | Edited 7:07pm
Quoting RickM
{quote} Hi Machine I reckon you are using a Bollinger Band set on SMA instead of its better back tested settings of EMA. That way you get the both bands aligned correctly. I like both set to 21 MA as you can see with the chart below. Then I would focus on a break away of the white EMA during a Bollinger Band Squeeze. I think BTCUSD offers the best Squeeze setups I have ever seen, especially on the H1 time frame. It’s still a scalping strategy so I never used a trailing stop but just look to exit the position when the momentum stops. And that stoping...
Beautiful, will adjust accordingly. Any other input please let us know!

I'm also a fan of looking for reversal plays during the squeeze.
  • #45
  • Dec 22, 2024 10:22pm Dec 22, 2024 10:22pm
Quoting RickM
{quote} Hi Machine I reckon you are using a Bollinger Band set on SMA instead of its better back tested settings of EMA. That way you get the both bands aligned correctly. I like both set to 21 MA as you can see with the chart below. Then I would focus on a break away of the white EMA during a Bollinger Band Squeeze. I think BTCUSD offers the best Squeeze setups I have ever seen, especially on the H1 time frame. It’s still a scalping strategy so I never used a trailing stop but just look to exit the position when the momentum stops. And that stoping...
Hi RickM! kindky which setting are you using for keltner and bb?
  • #46
  • Edited 5:55am Dec 23, 2024 5:41am | Edited 5:55am
Hi, I am exploring bb squeeze and how it works, so I can implement it in my system in the future(have spent whole weekend it). Also, it's not clearly exact system as squeeze n Go(not using super trend and momentum yet, but use VWAP instead), so sorry for that too, if ML thinks I shouldn't do that I will delete my post asap. Here is the possible trade I've found on BTC/USD, it is not totally set up yet. Price bounced off of VWAP(light-blue line) before the squee and broke over 21ema(white line),also change oh character on 1h tf. Is it a good idea to enter trade when bb leaves Keltner and price is still above VWAP and 21ema. Thanks in advance.
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  • #47
  • Dec 23, 2024 5:47am Dec 23, 2024 5:47am
Quoting RickM
{quote} Hi Machine I reckon you are using a Bollinger Band set on SMA instead of its better back tested settings of EMA. That way you get the both bands aligned correctly. I like both set to 21 MA as you can see with the chart below. Then I would focus on a break away of the white EMA during a Bollinger Band Squeeze. I think BTCUSD offers the best Squeeze setups I have ever seen, especially on the H1 time frame. It’s still a scalping strategy so I never used a trailing stop but just look to exit the position when the momentum stops. And that stoping...
Can you please give an example on how you use the squeeze method with the VWAP.
Didn't understood fully from your previous post
Thanks
  • #48
  • Dec 23, 2024 6:10am Dec 23, 2024 6:10am
Quoting arya.aryaee
{quote} Hi RickM! kindky which setting are you using for keltner and bb?
Hi arya

Bollinger Bands 21 EMA with bands at 2
Keltner Channel 21 EMA with bands at 1.5

I use 21 instead of 20 because it's at Fibonacial Number. It backtests better on price action setups..
As for stop loss, either place it under opposite band or use 2 ATR as a good safety stop.

I would demo trade any settings unchanged for at least 100 setups - then judge the results it produces. As a normal guide, it's not usual for me to get 10-12 winners in a row before running into a 4-5 losing trade block.
Trading thin liquidity at the boundary of the charts
  • #49
  • Dec 23, 2024 6:18am Dec 23, 2024 6:18am
I once saw a tool on Trading view that I liked. Could not find something like it at MT4, so I coded it. Identifying those squeezes and widenings can be a bit tricky for my old eyes. So I made it with bars.

Set the MM_Length to the same value as the BB. Set the other parameters to true.

 

  1. Darkred - bands are widening, but are still inside the average of the x bars back.
  2. DarkGreen - bands are widening, and are now outside the average of the x bars back.
  3. LightGreen - bands are squeezing but are still wider than the average of the x bars back.
  4. LightRed - bands are narrower than the average of the x bars back.
  5. When bars are green, they are larger than the yellow line. It means that the bands are wider than the average of the last x bars.

It is an indicator by the way.

You guys might thinks this is overkill and unnessesary, then don't use it.

Merry Christmas

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Attached File(s)
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MetaTrader 4 - so many advantages.
  • #50
  • Dec 23, 2024 6:40am Dec 23, 2024 6:40am
Quoting Ju4ara
Hi, I am exploring bb squeeze and how it works, so I can implement it in my system in the future(have spent whole weekend it). Also, it's not clearly exact system as squeeze n Go(not using super trend and momentum yet, but use VWAP instead), so sorry for that too, if ML thinks I shouldn't do that I will delete my post asap. Here is the possible trade I've found on BTC/USD, it is not totally set up yet. Price bounced off of VWAP(light-blue line) before the squee and broke over 21ema(white line),also change oh character on 1h tf. Is it a good idea...
Any variation and customization is absolutely fine, we're all here to experiment. The initial system was just a concept from a coder on TradingView, I'm not married to it.
  • #51
  • Dec 23, 2024 6:56am Dec 23, 2024 6:56am
Quoting MachineLearn
{quote} Any variation and customization is absolutely fine, we're all here to experiment. The initial system was just a concept from a coder on TradingView, I'm not married to it.
I just don't understand yet how to use bb squeeze, I am still guessing about where and when to enter
  • #52
  • Dec 23, 2024 7:22am Dec 23, 2024 7:22am
Quoting Merka
{quote} Can you please give an example on how you use the squeeze method with the VWAP. Didn't understood fully from your previous post Thanks
Hi Merka

I use VWAP if I am looking for Squeeze setups when trading on smaller timeframes with markets that do provide Level 2 data.

No wise trader should go long if the VWAP value line is above a strong bearish move, unless it has moved out at least 2 deviations.

Almost every single prop firm trader, hedge fund manager and banker these days is now trained to only BUY stock / Future contracts if price is over the daily VWAP line or SELL stock / Future contracts if price is under daily VWAP line.. A public confirmation of this trend was made public by Ken Griffin who runs Citadel LLC, which turns over around 30-40% of total volume on the US Stock Markets. He openly discussed how if he plans to buy 100,000 stock of any company, his traders using Algorithms will attack the order book with 100 size trades for days or weeks till he gets his fill - but only if the orders average close to the Daily VWAP line.

The whole world has turned VWAP crazy it seems..

Therefore I don't want to fight against the tide, but rather surf in on the next wave. That BITCOIN trade above had moved out about 2 deviations so was likely to reverse back to the volume average. Therefore a Squeeze setup & a VWAP setup.

Unfortunately its no use for Forex Markets and I don't need to tell anyone why.
Trading thin liquidity at the boundary of the charts
  • #53
  • Dec 23, 2024 7:29am Dec 23, 2024 7:29am
Quoting Ju4ara
{quote} I just don't understand yet how to use bb squeeze, I am still guessing about where and when to enter
Hi Ju4ara


The original idea is you go long if price is above the 21 EMA once the Bollinger Bands move back outside the Keltner Channel.

That's the design of this system, but we all may see something else that suits them.
Personally, a strong break of the 21 EMA after a Bollinger Band pinch is often enough for me to enter.
Trading thin liquidity at the boundary of the charts
  • #54
  • Dec 23, 2024 7:45am Dec 23, 2024 7:45am
Quoting RickM
{quote} Hi Merka I use VWAP if I am looking for Squeeze setups when trading on smaller timeframes with markets that do provide Level 2 data. No wise trader should go long if the VWAP value line is above a strong bearish move, unless it has moved out at least 2 deviations. Almost every single prop firm trader, hedge fund manager and banker these days is now trained to only BUY stock / Future contracts if price is over the daily VWAP line or SELL stock / Future contracts if price is under daily VWAP line.. A public confirmation of this trend was made...
Sapporo is a beer I drink when going to sushi restaurants in US. It is very famous Japanese beer. Have fun
  • #55
  • Dec 23, 2024 8:20am Dec 23, 2024 8:20am
Quoting MachineLearn
The guidelines provided here are just a starting point to help you build your own rules. It’s also worth mentioning that I personally avoid relying on Expert Advisors (EAs) or fully automated systems. For experienced traders, discretion is a critical element in decision-making. The market is dynamic, and no rigid rule set can capture all its nuances.
IMO, this is just a way of fooling yourself. Unless you backtest this for a considerable amount of time, you have no way of knowing if you are wasting your time trading this.
  • #56
  • Dec 23, 2024 8:47am Dec 23, 2024 8:47am
Quoting averied
{quote} IMO, this is just a way of fooling yourself. Unless you backtest this for a considerable amount of time, you have no way of knowing if you are wasting your time trading this.
I respect your opinion and use to think this way when I first started. You want back testing results that tell you that the system works x% of the time. Fundamentally, I don't agree with rigid rule sets and binary operations.

IMO, the best trading is done when you can combine the discretional decision making and analysis of a experienced trader with the emotions of a robot. Some here are experienced and some are not. The ones who aren't are usually the ones begging and whining for EAs because the think they plug and play a magical robot and become profitable over night. If you're experienced however, you don't need back test results to understand if a system works for you or not. You need forward testing results to compare to your real life trading experience. The true key is controlling your emotions at the end of the day.

Since we disagree fundamentally this thread is probably not for you my brother.
  • #57
  • Dec 23, 2024 9:43am Dec 23, 2024 9:43am
Quoting RickM
{quote} Hi Merka I use VWAP if I am looking for Squeeze setups when trading on smaller timeframes with markets that do provide Level 2 data. No wise trader should go long if the VWAP value line is above a strong bearish move, unless it has moved out at least 2 deviations. Almost every single prop firm trader, hedge fund manager and banker these days is now trained to only BUY stock / Future contracts if price is over the daily VWAP line or SELL stock / Future contracts if price is under daily VWAP line.. A public confirmation of this trend was made...
Very interesting information. Thank you.
MetaTrader 4 - so many advantages.
  • #58
  • Dec 23, 2024 10:31am Dec 23, 2024 10:31am
NQ Pre Market (Gray dots at top represent squeeze). I removed the components of the actual squeeze(BB and KC) on the screen for clarity

This was a one band (top) squeeze

Also Momentum bars are hard to see but they're pushing bullish as well
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  • #59
  • Dec 23, 2024 10:33am Dec 23, 2024 10:33am
Quoting RickM
{quote} Hi arya Bollinger Bands 21 EMA with bands at 2 Keltner Channel 21 EMA with bands at 1.5 I use 21 instead of 20 because it's at Fibonacial Number. It backtests better on price action setups.. As for stop loss, either place it under opposite band or use 2 ATR as a good safety stop. I would demo trade any settings unchanged for at least 100 setups - then judge the results it produces. As a normal guide, it's not usual for me to get 10-12 winners in a row before running into a 4-5 losing trade block.
Thankyou Rick due to your prompt reply!nice of you
  • #60
  • Dec 23, 2024 11:17am Dec 23, 2024 11:17am
SL at BB
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