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Pivot Point Squeeze, high probability system

  • #101
  • Dec 4, 2007 11:47am Dec 4, 2007 11:47am
Dear GCT Trader, How do you make the squeeze indi giving a pink bar when it hit the level?Or it come in a set?My squeeze indi only has a line n have to look for the number.
  • #102
  • Dec 4, 2007 2:27pm Dec 4, 2007 2:27pm
Dat,

Im not sure about MT4, i havent used that platform before so cant help there. With the indicator, change the type of chart to histogram and that should convert it. Best of luck. Let me know if you get MT4 working, I think that some indicators were posted earlier in this thread for that.

GCTrader
  • #103
  • Dec 4, 2007 2:43pm Dec 4, 2007 2:43pm
Are there any programmers about?

The squeeze indie is here, MT4 programmers about anywhere?

GCTrader I have access to IG Charts, what you have created, is that an indicator or back testing code that you have done?

Quoting GCTrader1
Dat,

Im not sure about MT4, i havent used that platform before so cant help there. With the indicator, change the type of chart to histogram and that should convert it. Best of luck. Let me know if you get MT4 working, I think that some indicators were posted earlier in this thread for that.

GCTrader
  • #104
  • Dec 4, 2007 2:50pm Dec 4, 2007 2:50pm
I have made up both. One without the pivot point confluence to keep me open to normal breakouts and my bcktest which also signals me to enter and exit which I trade heavily with since it is right more times than not.

GCTrader
  • #105
  • Dec 4, 2007 2:54pm Dec 4, 2007 2:54pm
Quoting GCTrader1
I love this system

http://img127.imageshack.us/img127/6...eurjpy8ka3.png
Down the bottom of the graph shows pink bars which are a sell signal without the pivot point confluence. I was only in this trade for a very short time as I wait for my system to give me a buy or sell but they are still good for 30 pips normally which I made 32 pips last night in that trade.
  • #106
  • Dec 4, 2007 3:01pm Dec 4, 2007 3:01pm
You have provided us with both, back test code and live code?

Quoting GCTrader1
I have made up both. One without the pivot point confluence to keep me open to normal breakouts and my bcktest which also signals me to enter and exit which I trade heavily with since it is right more times than not.

GCTrader
  • #107
  • Dec 4, 2007 3:21pm Dec 4, 2007 3:21pm
GCT, when I copy your code (from the second pdf) in the backtest (cmc - same chart package as IG) and enter the optimizing values and click 'validate' I just get an optimizing box saying 0% which doesn't move. What I am doing wrong?

The only things that are giving me trouble: in the variables box I have to set 'no restriction' rather than the default '>0' on the pivot variable as there is a 0 in there; and for some reason my bollnger bandwidth line keeps resetting to 0.006 when I type in 0.0056.

The only thing else on the charts that is dissimilar (apart from no pink squeeze indicator, which would be great) is that when I put 5, 13, 1 into my MACD settings everything disappears in my MACD window except the blue line.

Can you, or anyone else, help with enablement? I suspect I may not be the only person with this issue.

Cheers.
  • #108
  • Dec 4, 2007 4:53pm Dec 4, 2007 4:53pm
A trade was signaled while i was sleeping, so I just entered in the at 16218.4

Went in with 1 unit with a 30pip stop.

http://img469.imageshack.us/img469/7...eurjpy9az6.png
  • #109
  • Dec 4, 2007 4:58pm Dec 4, 2007 4:58pm
Here is the code for the indicator, not backtest and without pivot point confluence.
-----------------------------------------------------------------------------------------

trigger = undefined

rem This is the buy setup which detects when the bollinger bandwidth has made a new low followed by an increase in bandwidth below the trigger line and the MACD is trending up.


if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 and BollingerBandWidth[b](close[1])<L and round((MACDline[5,13,1](close)))>round((MACDline[5,13,1](close[1]))) then

trigger =1

endif

rem This is the exit setup which detects a turnaround in the MACD histogram. The turnaround threshold is determined by A

if abs((round(MACDline[5,13,1](close[1])))) - abs((round(MACDline[5,13,1](close))))>=A then

trigger = 0

endif

rem This is the short sell setup which detects when the bollinger bandwidth has made a new low followed by an increase in bandwidth below the trigger line and the MACD is trending down.


if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 and BollingerBandWidth[b](close[1])<L and round((MACDline[5,13,1](close)))<round((MACDline[5,13,1](close[1]))) then

trigger =-1

endif

rem This is the exit setup which detects a turnaround in the MACD histogram. The turnaround threshold is determined by A

if abs((round(MACDline[5,13,1](close[1])))) - abs((round(MACDline[5,13,1](close)))) >= A then

trigger = 0

endif

return trigger


-------------------------------------------------------------------------------



L is the trigger level
B is the bollinger bandwidth
A is the MACD threshold
  • #110
  • Dec 4, 2007 5:10pm Dec 4, 2007 5:10pm
Quoting Ironball
GCT, when I copy your code (from the second pdf) in the backtest (cmc - same chart package as IG) and enter the optimizing values and click 'validate' I just get an optimizing box saying 0% which doesn't move. What I am doing wrong?

The only things that are giving me trouble: in the variables box I have to set 'no restriction' rather than the default '>0' on the pivot variable as there is a 0 in there; and for some reason my bollnger bandwidth line keeps resetting to 0.006 when I type in 0.0056.

The only thing else on the charts that is dissimilar (apart from no pink squeeze indicator, which would be great) is that when I put 5, 13, 1 into my MACD settings everything disappears in my MACD window except the blue line.

Can you, or anyone else, help with enablement? I suspect I may not be the only person with this issue.

Cheers.
It stays at 0% because there is way to much to optimize, you have to experiment yourself. Use the code in the previous post for the pink bars, just change the indicator to histogram.

With the MACD, change the signal part of the indicator to a histogram also.

When it says it is 0.006 in the trigger level dont believe it, I get the same thing but it is infact 0.0056.

Let me know if you need more clarification.

GCTrader
  • #111
  • Dec 4, 2007 8:52pm Dec 4, 2007 8:52pm
And there we have the move, its nearing the R1 line so staging out is probably a good idea with half a lot.

http://img464.imageshack.us/img464/2...urjpy10gj3.png
  • #112
  • Dec 4, 2007 11:07pm Dec 4, 2007 11:07pm
I would love to get a demo version of your software. I have to admit I love the buy/sell signals. How does one go about getting a demo, or even sign up for the service? When I went to the website, I didn't see anything about Demo's. And I didn't know which service to click on. How is your account setup with this company?? Any suggestions on getting started with IT-Finance? Any advice would be greatly appreciated...
  • #113
  • Dec 5, 2007 4:04am Dec 5, 2007 4:04am
Hi GCTrader1,

First of all, I would like to thank you for providing us with the code, you are a kind man and this system is great!

What are the values for L, B and A?

Thanks
Guess

Quoting GCTrader1
Here is the code for the indicator, not backtest and without pivot point confluence.
-----------------------------------------------------------------------------------------

trigger = undefined

rem This is the buy setup which detects when the bollinger bandwidth has made a new low followed by an increase in bandwidth below the trigger line and the MACD is trending up.


if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 and BollingerBandWidth[b](close[1])<L and round((MACDline[5,13,1](close)))>round((MACDline[5,13,1](close[1]))) then

trigger =1

endif

rem This is the exit setup which detects a turnaround in the MACD histogram. The turnaround threshold is determined by A

if abs((round(MACDline[5,13,1](close[1])))) - abs((round(MACDline[5,13,1](close))))>=A then

trigger = 0

endif

rem This is the short sell setup which detects when the bollinger bandwidth has made a new low followed by an increase in bandwidth below the trigger line and the MACD is trending down.


if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 and BollingerBandWidth[b](close[1])<L and round((MACDline[5,13,1](close)))<round((MACDline[5,13,1](close[1]))) then

trigger =-1

endif

rem This is the exit setup which detects a turnaround in the MACD histogram. The turnaround threshold is determined by A

if abs((round(MACDline[5,13,1](close[1])))) - abs((round(MACDline[5,13,1](close)))) >= A then

trigger = 0

endif

return trigger


-------------------------------------------------------------------------------



L is the trigger level
B is the bollinger bandwidth
A is the MACD threshold
  • #114
  • Dec 5, 2007 4:44am Dec 5, 2007 4:44am
Quoting GCTrader1
It stays at 0% because there is way to much to optimize, you have to experiment yourself. Use the code in the previous post for the pink bars, just change the indicator to histogram.

With the MACD, change the signal part of the indicator to a histogram also.

When it says it is 0.006 in the trigger level dont believe it, I get the same thing but it is infact 0.0056.

Let me know if you need more clarification.

GCTrader
GCTrader, cheers for that. Two problems down, one and a half to go. I created an indicator with the code you have just posted. I wrote the three values A = 6.2 and B = 18 and L = 0.0056 firstly above the code, and then in the alternative I tried adding them in the indicator perameter box (float, as integer won't allow decimal places). In both cases it did create an indicator (hallelujah!!!) but nary a pink bar (short) nor a blue bar (long) stirred on the new Squeeze indicator on my chart. I would have guessed that this means there hasn't been a trade today but I applied the new indicator across a number of charts and there is nothing on any of them.

Without wanting to get ahead of myself here, assuming this indicator can be made to work so that those lovely pink and blue bars do eventually pop up, is there any possibility after that point of adding into the indicator the requisite code to take account of your pivot filter?

Thanks a lot for the help so far. Your time is really appreciated.
  • #115
  • Dec 5, 2007 5:07am Dec 5, 2007 5:07am
Thanks Ironball,

Got it worlking!!!!!

I see the trades that GCTrader has taken!!!

They are the same as he has pointed out... I have to say GCTrader is legend!!!

Ahh I know your problem, you need to change the colors for up trend and down trend when applying the indicator to the chart.

Hope it helps!

Thanks,
Guess

Quoting Ironball
GCTrader, cheers for that. Two problems down, one and a half to go. I created an indicator with the code you have just posted. I wrote the three values A = 6.2 and B = 18 and L = 0.0056 firstly above the code, and then in the alternative I tried adding them in the indicator perameter box (float, as integer won't allow decimal places). In both cases it did create an indicator (hallelujah!!!) but nary a pink bar (short) nor a blue bar (long) stirred on the new Squeeze indicator on my chart. I would have guessed that this means there hasn't been a trade today but I applied the new indicator across a number of charts and there is nothing on any of them.

Without wanting to get ahead of myself here, assuming this indicator can be made to work so that those lovely pink and blue bars do eventually pop up, is there any possibility after that point of adding into the indicator the requisite code to take account of your pivot filter?

Thanks a lot for the help so far. Your time is really appreciated.
  • #116
  • Dec 5, 2007 5:24am Dec 5, 2007 5:24am
Guess, I wish it were that simple! I just tried changing the colours (they should have been showing up anyway) and that didn't work. What exactly did you do, step by step, to get the indicator working? Is there something else on my chart outside the squeeze indicator, that needs to be there for the squeeze indicator bars to work?
  • #117
  • Dec 5, 2007 5:45am Dec 5, 2007 5:45am
I just created the indicator and applied the code and settings and bang it worked!

Quoting Ironball
Guess, I wish it were that simple! I just tried changing the colours (they should have been showing up anyway) and that didn't work. What exactly did you do, step by step, to get the indicator working? Is there something else on my chart outside the squeeze indicator, that needs to be there for the squeeze indicator bars to work?
  • #118
  • Dec 5, 2007 5:58am Dec 5, 2007 5:58am
Change the style to histogram.

Quoting guess121
I just created the indicator and applied the code and settings and bang it worked!
  • #119
  • Dec 5, 2007 6:05am Dec 5, 2007 6:05am
Hi GCTrader1,

What other pairs will this work on?

Or do you need to change settings on anything?

Thanks,
Guess

Quoting GCTrader1
And there we have the move, its nearing the R1 line so staging out is probably a good idea with half a lot.

http://img464.imageshack.us/img464/2...urjpy10gj3.png
  • #120
  • Dec 5, 2007 6:30am Dec 5, 2007 6:30am
Quoting guess121
I just created the indicator and applied the code and settings and bang it worked!
I had already changed the style to histogram.

Nuts!! So you just clicked create indicator and dragged across the code from a few posts above, and then typed in those three values above the code. And you got pink bars appearing? What the **** am I doing wrong?
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