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Pivot Point Squeeze, high probability system

  • #21
  • Edited 10:53pm Nov 23, 2007 7:57pm | Edited 10:53pm
I have It finance charts. They are provided free with CMC markets account. apart from the great charts the good thing about cmc is that after the first mini lot you can vary the trade size by any amount you wish which is great for compounding. after the minimum 10,000k you can trade any increment even $1 so 10,001k if you like. The downside is you cant attach a profit and a stop order to pending orders like you can with metatrader, or IG markets. you can only attach one or the other with your pending order. You then have to manual add the other order after the trade is entered, which is pretty lame.

Thanks for being so generous with your system and code, the generosity and selflessness of some of the people on this forum, yourself included, is remarkable.
I get this error message when I paste your code into the indicator window and validate

syntax error line 40, column 1
Next line expected
any suggestions?

I already am very experienced with pivot points so this system has instant appeal to me. I would like to give it a go. Meanwhile I'll get cracking on setting it up manually
thanks again

Edit: Howzat! as us Aussies would say. (I actually had that short position open on fri but closed it at + 20 pips just before your signal and an 80 pip move to S2)
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Spotsqu.PNG Size: 35 KB
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  • #22
  • Nov 23, 2007 8:17pm Nov 23, 2007 8:17pm
OK, it's not perfect, but at least a try.
Here is a template file attached for MT4.
Just add your favorite pivot indi and it should be at least a start.

Enjoy...
Attached Image (click to enlarge)
Click to Enlarge Name: squeeze.gif Size: 34 KB
Attached File(s)
File Type: tpl The Squeeze.tpl   9 KB | 2,840 downloads
"The only successful substitute for brains is silence."
  • #23
  • Nov 23, 2007 8:21pm Nov 23, 2007 8:21pm
Thanks DX for the help. So anyone tried maybe this system?
  • #24
  • Nov 23, 2007 11:00pm Nov 23, 2007 11:00pm
I added the bandwidth indicator on my MACD to see when its below 0.0056.

Thanks GCTrader1 for this great system. Will try this definitely starting next week.

Looks promising
Attached Image (click to enlarge)
Click to Enlarge Name: squeeze.gif Size: 36 KB
"The only successful substitute for brains is silence."
  • #25
  • Nov 24, 2007 2:05am Nov 24, 2007 2:05am
  •  bonzdoc
  • | Joined Jun 2007 | Status: Mountain Man & Beach Bum All In One | 41 Posts
Quoting DXTrade
OK, it's not perfect, but at least a try.
Here is a template file attached for MT4.
Just add your favorite pivot indi and it should be at least a start.

Enjoy...
DXTrade,

I've tried loading this tpl file under experts and tpl for my mt4 platform and it will not load. What do you think I'm doing wrong? Thanks for your help!
"If your mind can see it and believe it you can achieve it."
  • #26
  • Nov 24, 2007 2:17am Nov 24, 2007 2:17am
bonzdoc,

The template .tpl files are in a directory on the same level as experts. In the template directory under experts are .mqt files. Hope of some help.

Ola
  • #27
  • Nov 24, 2007 2:17am Nov 24, 2007 2:17am
You got the wrong template file.

Met4/templates.

Dont go into the expert folder.

Mart

We must have hit the post button at the same time
----o00o--°(_)°--o00o----
  • #28
  • Nov 24, 2007 3:49am Nov 24, 2007 3:49am
this looks too good to be true. Lets get this on MT4 running. Keep me posted please!
  • #29
  • Nov 24, 2007 3:59am Nov 24, 2007 3:59am
Quoting GCTrader1
Hench,

Code error is due to RETURN TRIGGER. Delete that and it will work fine. You can copy and paste the first part of the code and that will give you the indicator without the pivot point confluence.

GCTrader

Hi GCTrader1, thanks for the code.

Following your instructions, I've removed the "RETURN TRIGGER" code part.

Now is asking me to define the following:

Syntax error
Define variable:b
Define variable:l
Define variable:a
Define variable

I've tried to give some values to those without success. Can you please post how you define them?

Something else, in your doc you recommend "Bollinger bands with MA of 18", however in your charts BBands are 20.

Thanks again for sharing your clear and concise strategy.

Henry
  • #30
  • Nov 24, 2007 4:21am Nov 24, 2007 4:21am
Quoting Mk4x
this looks too good to be true. Lets get this on MT4 running. Keep me posted please!
My template is for MT4
"The only successful substitute for brains is silence."
  • #31
  • Nov 24, 2007 4:59am Nov 24, 2007 4:59am
Ok, I removed the bars in post#17 to illustrate that the code is not needed and you can spot the trade without it but the code makes it much easier to spot concise entries and exits.

The missing variables are as follows

P
PIVOT DEVIATION
MIN 0
MAX 40
STEP 1

L
TRIGGER
MIN 0.003
MAX 0.008
STEP 0.0001

B
BOLLINGER BANDWIDTH
MIN 17
MAX 27
STEP 1

A
MACD THRESHOLD
MIN 3
MAX 9
STEP 0.1

Best settings I have found are p = 14, l = 0.0056, b = 18, a = 6.2.
That’s for the euroyen.

These are entered in the right hand part of the indicator on IT Finance charts under variables. This enables you to adjust them without changing code and doing it live to see the results, something very valuable when I was first testing.

The bollinger bands in my pics that are on the main chart are still at 20 because changing all them is a bitch and I still havent got around to it. But the are 18 in the code which gives the best entry.

GCTrader
  • #32
  • Nov 24, 2007 5:02am Nov 24, 2007 5:02am
MAC Doug,

Remove

RETURN TRIGGER

and enter variables as in last post.

GCTrader
  • #33
  • Nov 24, 2007 5:11am Nov 24, 2007 5:11am
Here is the updated doc with code error removed and variables included for you to enter
Attached File(s)
File Type: doc The Squeeze.doc   119 KB | 2,886 downloads
  • #34
  • Nov 24, 2007 7:09am Nov 24, 2007 7:09am
Hi GCTrader1, thanks again for the extra code.

I could validate the strategy, but when I load it, it takes forever to optimize and the equity curve is always 0.

To speed up things, I've modified the code with your already optimized variables, but the equity curve still remains 0.

I might be missing something ...

Henry
  • #35
  • Nov 24, 2007 7:56am Nov 24, 2007 7:56am
Dont know there Henry, it works fine here. Just to check I copy and pasted the code from the latest doc and entered in

P=14
L=0.0056
B=18
A=6.2


at the top of the code to lock in those values and it worked a charm!
Check your capital management maybe??? What settings do you have there?

Recommended trades over last three months, I got into 8 of them...cant be on the screens all the time! Were is that damn autotrader when you need it!

http://img337.imageshack.us/img337/9...board02ql9.jpg

GCTrader
  • #36
  • Nov 24, 2007 8:11am Nov 24, 2007 8:11am
Looks like your ontop of it DXTrade! If you can convert it to MT4 format you will have a lot of happy campers! Wish I could help out there but I dont know the format for MT4.

Best of luck there tho...

Let me know if you need a hand with the coding and I will see what I can do!

GCTrader
  • #37
  • Nov 24, 2007 4:20pm Nov 24, 2007 4:20pm
Quoting GCTrader1
Hi all,

This is a system I have been trading for a while and thought I would do as my mum taught me and share.

It is a pivot point system that takes into account constricted activity around these points and helps you reach a conclusion as to trade or not. It is a high probability system so the signals do not come around all the time but when they do, you can trade fairly heavily knowing it has the best chance of success. It seems to work best on EUR/JPY but it works on other pairs as well. Here are some pics of the entries it suggests. I will post the PDF soon.

http://img442.imageshack.us/img442/2650/spotfxeurjpy1http://img111.imageshack.us/img111/4...eurjpy1ra8.png

The Red bars up the top signal a sell


http://img101.imageshack.us/img101/5...eurjpy2hm3.png

The Green bars indicate a buy signal.

Let me know what you think...

GCTrader
Looks great. Hope you post the PDF soon
Arnoldchidi
  • #38
  • Nov 24, 2007 5:32pm Nov 24, 2007 5:32pm
Hi all
GCT - My trading buddy, johnnyforex, is good with programming in this language and we have access to 7 years of hourly data as a subscriber to pro realtime. Just eyeballing your system over the last 4 months data shows a succes rate not unlike your backtest. Ive invited him over here so we should have some 7 year results and optimisations soon.
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  • #39
  • Nov 24, 2007 5:47pm Nov 24, 2007 5:47pm
MACDoug,

7 years of hourly data! Cant wait to see that... They only give 3 months of backtesting with IG.
  • #40
  • Nov 24, 2007 8:05pm Nov 24, 2007 8:05pm
Quoting GCTrader1
MACDoug,

7 years of hourly data! Cant wait to see that... They only give 3 months of backtesting with IG.
Well the hard work is the code and you have already done that so we should have results early next week if my trading buddy comes onboard. Failing that I can do it myself when I get it to work - lol
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