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Squeeze n Go | MTF System

  • #141
  • Dec 29, 2024 5:18am Dec 29, 2024 5:18am
Quoting RiskFighter
{quote} I am working on such a button. And I am working another smart thing for you guys. Might be released on Monday too.
Nice work Risky, good to have a Coder on board.
Trading thin liquidity at the boundary of the charts
  • #142
  • Dec 29, 2024 5:30am Dec 29, 2024 5:30am
Quoting RickM
{quote} Nice work Risky, good to have a Coder on board.
Thank you. It is nice to know if you are welcome. Sometime coders are not.
MetaTrader 4 - so many advantages.
  • #143
  • Dec 29, 2024 5:48am Dec 29, 2024 5:48am
Quoting FocusWinReal
{quote} Hi Rick, could you elaborate on what you see as the main benefit of using the trend ribbon in addition to the 21 ema? I find the more ema's the more my mind goes walkabout. But, 1 ema and it's like focus without distraction. Thanks for the recent input on the threads. Cheers...
Hi Focus

You could use the 89EMA as your Bias and the 21EMA as a signal to trade provided there is momentum away from the EMA.
Forex Markets produce a lot of false breakouts so having a Bias helps for these markets.

Then you need to develop a rating for every Squeeze setup you see - A+. B. C
Don't trade C setups, just trade A+ & B group Squeeze setups to obtain consistently.

Facts are with any Strategy, there is a 48% chance you could lose 7 trades in a row, therefore cut the losers quick and risk letting the winners run & run
If I run into a sequence of 3 or more losing trades in a row, I will only trade A+ setups till I get back in the swing.
Trading thin liquidity at the boundary of the charts
  • #144
  • Dec 29, 2024 11:30am Dec 29, 2024 11:30am
Quoting RickM
{quote} Hi Focus You could use the 89EMA as your Bias and the 21EMA as a signal to trade provided there is momentum away from the EMA. Forex Markets produce a lot of false breakouts so having a Bias helps for these markets. Then you need to develop a rating for every Squeeze setup you see - A+. B. C Don't trade C setups, just trade A+ & B group Squeeze setups to obtain consistently. Facts are with any Strategy, there is a 48% chance you could lose 7 trades in a row, therefore cut the losers quick and risk letting the winners run & run If I run into...
Thanks Rick, that makes sense.

@RiskFighter, thanks also.
It's late I'll comment further later.

Cheers...
  • #145
  • Dec 29, 2024 12:48pm Dec 29, 2024 12:48pm

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  • #146
  • Dec 29, 2024 2:19pm Dec 29, 2024 2:19pm
Quoting MachineLearn
{image}
hi Machine, any particular reason you trade BTC tether rather than BTCUSD. Thanks
Its all just one persons opinion
  • #147
  • Edited 3:54pm Dec 29, 2024 3:00pm | Edited 3:54pm
Here is demo equity line trading 1 Min Dow Futures for this week, no trading on December 24th and 25th, using squeeze strategy at 50% of the rules and my personal flavors of Money Management.

Point is, we all trade differently, for me, I see the relevance to investigate it further.
Attached Image (click to enlarge)
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  • #148
  • Dec 29, 2024 4:38pm Dec 29, 2024 4:38pm
Quoting driven18
Here is demo equity line trading 1 Min Dow Futures for this week, no trading on December 24th and 25th, using squeeze strategy at 50% of the rules and my personal flavors of Money Management. Point is, we all trade differently, for me, I see the relevance to investigate it further. {image}
Hi Driven

What I see happen in real usage of this system is you get a week full of multiple wins in a row creating great growth curve followed by a few days of negative equity decline pretty much as your graph showed.
The reason for the negative growth is normally a trading pair has moved into consolidation on the Daily chart resulting in the trader getting chopped up.
Therefore it’s a good idea to check the Daily and Weekly charts and avoid pairs that are range bound.
That why trading with a EMA ribbon can also help because your taking the second breakout of consolidation period which increase the chance of a profitable trade.
Trading thin liquidity at the boundary of the charts
  • #149
  • Edited 6:32pm Dec 29, 2024 4:57pm | Edited 6:32pm
"That why trading with a EMA ribbon can also help because your taking the second breakout of consolidation period which increase the chance of a profitable trade"

I agree with above statement from RickM.

Yes, it is ranging/chopping and then trending. It happened to be a good trending week at the end...the main point is to keep losses at a minimum when ranging and that is a science on its own.

When understanding Money Management correctly, there is no need to look at any other timeframes, then the current one, as none of us has a clue what the next trade will do, regardless of higher timeframes.
  • #150
  • Edited 8:17pm Dec 29, 2024 6:46pm | Edited 8:17pm
Hi Driven

I agree with most of the stuff you write, however feel multi time frame analyst is still important.

Looking at EURUSD on the Daily chart, we can see price is caught within a range set by a candle on Wednesday 18th. This was a high volume day as well so I wouldn't be trading any low timeframe Squeeze's till that range is broken.

What is a A++ setup ?

Breakout Squeeze on the Daily, H1 & M5 at the same time = $$$$$$$$$$$
Attached Image(s) (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #151
  • Edited Dec 30, 2024 1:30am Dec 29, 2024 7:02pm | Edited Dec 30, 2024 1:30am
This is next version of the Squeeze indicator. It now can give an alarm on screen and on your phone.

The robot test if the Keltner channels move outside of the Bollinger Channels. This is always a sign of a squeeze. At the moment when both K-channels again are inside the BB-Channels, then the indicator sends the alarm. The robot works on bar close only. Remember to put the 21EMA on the chart. The robot does not print that.

NOTE: This is not a sign to enter a trade. There are rules of this strategy to follow. And not all squeezes leads to a setup.
NOTE: There are many fine squeezes where K does not get inside BB. So if you lay all your eggs in this indicator, then you will miss some setups.

We have been talking about a button that should hide the indicator. Problem is, that the indicator not only works on the BB and K indicator. I have coded it to actually draw theese indicators also. This to be sure that the indi works on the right set of settings on BB and K. SO - if I hide the indicator, then the screen will be all empty.

I am handling it like this. When I want the indi to find me some nice squeezes, then I have a template for that. If I don't then I have another template containing the strategy setup including the EMA ribbon.
Attached File(s)
File Type: ex4 SqueezeBBK_4.ex4   14 KB | 815 downloads
MetaTrader 4 - so many advantages.
  • #152
  • Edited Dec 30, 2024 4:24pm Dec 29, 2024 7:13pm | Edited Dec 30, 2024 4:24pm
I made a little christmas present for you guys.

I am often in a situation where I have time to follow the screen and start a trade. But I do not have the ability to stay at the screen to follow it. So I thought it would be nice with a stand in. So I made an exit robot.

You can use a SuperTrend exit or an EMA exit after your choice. Could be one of the EMA's in the ribbon.

I use to colour the chart background if I have a trade on that instrument. This way I have a nice overview if I trade say 8 FF pairs. This is why there are some colour settings. If you don't want this function, then you must set all the colours to your chosen background colour.

Note you are using it at your own responsibility. If it does not exit as it should, it is your problem. And always use it on demo.
Note that you might not always be satisfied with the exit. The bar maybe crossed the Exit EMA and then went back on track.
Note that it works on bar close only. Meaning a spike does not trigger an exit.

Will I make a trade robot, that can enter trades. No, don't ask. This is a manual strategy. A trading robot will not work.

EDIT: This robot works correct only when you trade ONE portion of an instrument. If you add on so that you pocess more than one trade of the instrument, then the exit robot will close only one portion at the end of a bar. There are technical reasons for this.
Attached File(s)
File Type: ex4 ExitRobot_1.ex4   12 KB | 207 downloads
MetaTrader 4 - so many advantages.
  • #153
  • Dec 29, 2024 8:21pm Dec 29, 2024 8:21pm
Quoting RiskFighter
I made a little christmas present for you guys. I am often in a situation where I have time to follow the screen and start a trade. But I do not have the ability to stay at the screen to follow it. So I thought it would be nice with a stand in. So I made an exit robot. You can use a SuperTrend exit or an EMA exit after your choice. Could be one of the EMA's in the ribbon. I use to colour the chart background if I have a trade on that instrument. This way I have a nice overview if I trade say 8 FF pairs. This is why there are some colour settings....
Thanks for doing this for people....too bad you do not code in MT5.

MT5 is ment for creating robust ea's/robots.
  • #154
  • Edited Dec 30, 2024 9:28am Dec 29, 2024 8:32pm | Edited Dec 30, 2024 9:28am
Quoting RickM
Hi Driven I agree with most of the stuff you write, however feel multi time frame analyst is still important. Looking at EURUSD on the Daily chart, we can see price is caught within a range set by a candle on Wednesday 18th. This was a high volume day as well so I wouldn't be trading any low timeframe Squeeze's till that range is broken. What is a A++ setup ? Breakout Squeeze on the Daily, H1 & M5 at the same time = $$$$$$$$$$$ {image} {image}
TMI (in bold) and distraction(for me), but

RickM, as we say in Australia, mate :
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  • #155
  • Dec 29, 2024 11:33pm Dec 29, 2024 11:33pm
Quoting RickM
Hi Driven I agree with most of the stuff you write, however feel multi time frame analyst is still important. Looking at EURUSD on the Daily chart, we can see price is caught within a range set by a candle on Wednesday 18th. This was a high volume day as well so I wouldn't be trading any low timeframe Squeeze's till that range is broken. What is a A++ setup ? Breakout Squeeze on the Daily, H1 & M5 at the same time = $$$$$$$$$$$ {image} {image}
I agree Rick, the daily at least should be out of a range for any A setups to appear. I guess for me to not use a ribbon is to only wait for the much bigger timeframes to be in movement so as to only have a lower timeframe bias and trigger ema.
  • #156
  • Edited 6:54am Dec 30, 2024 6:38am | Edited 6:54am
Here is my first live trade with the squeeze(not shown as I use different inputs) on 1 Min Dow Futures under the 21 EMA(yellow) ribbon

2nd image - closed that trade for + 91 points.
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  • #157
  • Dec 30, 2024 8:33am Dec 30, 2024 8:33am
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  • #158
  • Dec 30, 2024 9:08am Dec 30, 2024 9:08am
Quoting MachineLearn
{image}
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  • #159
  • Dec 30, 2024 10:52am Dec 30, 2024 10:52am
My latest live trades, notice how 2 trades, with direction of 21 EMA worked out to full TP.

I am done for 2024 and wish everyone a Happy and Healthy and Lucky New Year! Cheers to everyone around the world(including the playa haters),
I am outta here
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  • #160
  • Dec 30, 2024 11:00am Dec 30, 2024 11:00am
Quoting driven18
My latest live trades, notice how 2 trades, with direction of 21 EMA worked out to full TP. I am done for 2024 and wish everyone a Happy and Healthy and Lucky New Year! Cheers to everyone around the world(including the playa haters), I am outta here {image}
Beautiful!
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