Bandwidth down to a 0.0051. No trade yet but its in the ballpark. Keeping an eye on it for now...
http://img253.imageshack.us/img253/3...xeurjpyvg3.png
http://img253.imageshack.us/img253/3...xeurjpyvg3.png
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Disliked1. Is this an error... as the RED bars keep on going so far?
2. In the second pic, I am trying to run the back test as per your doco and get this error, any reason why?Ignored
DislikedO.K. let's have a look at the last trade.
Bbsqueeze prints magenta dot at the waterline giving a heads up to an impending trade (a bollinger band sqeeze is forming). Bbhisto prints red dots indicating a possible short however, there is no cross of the waterline by the DPO so no short entry ( oh boy, there is that hindsite again ). Bbhisto then prints a green dot with Macd histo and DPO (rising) confirming. Bandwidth also rising towards .0056 level. Either of the two bars marked with vertical blue line could have been an entry. Once again, not a completely mechanical signal, some discretion is still required by the trader. A some what later signal could have been taken when the Bandwidth crossed the .0056 threshold - a safer entry but less pips ???
To answer Colostarr's question: Yes the setup is for MT4. The attached template should help with your setup. The indicators are available from post 141. DPO was initially just drag and dropped from the indicators list ontop of bbsqueeze, the rest of the indicators were just attached to the chart as per usual. The magenta dots that appear on the bbsqueeze are your heads up that a bollinger band squeeze is occuring and it may be time to watch for a trade. All of the other indicators must line up - DPO must cross waterline, bbhisto must print appropriate coloured dot, Macd signal must corroborate and Bandwidth must be rising and be ready to or already crossing the .0056 level. When all the ducks are in a row that is theoretically when one pulls the trigger. Please be aware that this is currently just a test set up for MT4 in an attempt to mimic GCT'S entries. Needs some practice as it is not quite as mechanical as GCT's method on the IT Finance platform. Practice before you play!Ignored
DislikedGuess, who is your broker? How are you recieving ITFinance charts?
GCTraderIgnored
DislikedErrrrrgggg! How do you install bandswidth??????????? Somedays I REALLY hate MT4. I try to do this stuff without asking for help....can anyone please help a dumb a$$ out?? Lost in the squeeze~!Ignored
DislikedHey Colostar, check out the following: http://www.metaquotes.net/ Look for the the Users guide under the support tab and the technical analysis tab for info on the indicators, etc. The following site may also be of use to you http://www.metatrader.info/node/117 . It takes a bit of time to learn the basics but in the end will be worth the work. Good luck!Ignored
DislikedThank you sir...I was able to find that site last night...still haven't found how to add bandswidth...still looking though, thank you!Ignored
DislikedHey Colostarr,
Are you still using the BAT system with the squeeze? if so how is it working out for you? It seems with the BAT there are not many signals as much as the squeeze.Ignored
DislikedSystem has given a green light for a long. In at 16464.1 with half unit as it is nowhere near a pivot point which doesnt make it as effective a signal. With the tankan out on friday and bad news expected im still optimistic and going with the fundamental trade. Still be nice if it bounced off the pivot point. 1st TP is at 16500
GCTrader
http://img101.imageshack.us/img101/9...xeurjpytn2.pngIgnored
DislikedNo worries Colostarr,
You probably want to write in code somehow like mine, that gives an entry signal which coincides with the pivot point. As you can see from the charts above, there is no green buy bars up the top which means it is not a strong buy. If it was breaking out above a pivot point, then that is pure gold! This trade is part of my system but still provides plenty of good entries.
Lets see what the market holds for us!
GCTraderIgnored