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Pivot Point Squeeze, high probability system

  • #201
  • Dec 11, 2007 3:05am Dec 11, 2007 3:05am
3 hours in...closed trade +20 pips. Moving too sideways for my liking! You are right about the pivot points GCtrader...I will definitely keep that in mind for the next wave!
  • #202
  • Dec 11, 2007 3:20am Dec 11, 2007 3:20am
Trade is going our way as planned, very good to hear you pulled some pips there colostarr! Big numbers like 165 can be a hard nut to crack. It went close and I got out, live to fight another day. On such a borderline entry signal, im out on the first pivot point. When it coincides with a big number, I put it slightly on the down side or like colostarr, if its having some serious resistance to the trade then exit close to the planned exit.

Here is an alternate code for those having trouble with the first code.



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

buy 1shares at market realtime

endif



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

sell 1 shares at market

endif

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

sellshort 1 shares at market realtime

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

exitshort 1 shares at market realtime

endif


The variables are as follows


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




Hope it works well for you! This one does not include pivot point confluence for the really high probability trades. Get this going first, then there is hope. lol

GCTrader


















http://www.forexfactory.com/dealing/.../img/trans.gif http://www.forexfactory.com/dealing/.../img/trans.gif http://www.forexfactory.com/dealing/.../img/trans.gif
  • #203
  • Dec 11, 2007 6:37am Dec 11, 2007 6:37am
Well what an interesting night. The trade went according to plan but stopped 2 pips from the TP. I took it at 16495.5. Went well, but as soon as it had reached the R1 line it reversed and headed down strongly. Hope eveyone got some pips out of that move!

GCTrader
  • #204
  • Dec 11, 2007 8:58am Dec 11, 2007 8:58am
Cheers for that GCT. I've signed up for a trial with Prorealtime.

The grinding-to-a-halt issue I am having at the moment is that my IG charts go into sleep mode after a couple of hours, which makes receiving alerts during the night impossible. Do you (or does anyone else) know of a way to solve this problem? I am hoping that the Prorealtime charts can stay data-alive for several hours at least.

GCT, you must have this problem yourself if you are trading off the probacktest bar signals transmitted to your phone, unless you are that fast of a rockclimber!!!?

It's my birthday today (really - getting old..) - and if anyone can solve this problem for me it will be a pretty, pretty (said in Larry David style) good present.

Cheers!

IB


Quoting GCTrader1
To pay for these charts and get a heap of extras like sms alerts and mobile charts, Prorealtime is the company to get it off. They also have a heap of custom indicators and backtests. I already have it charts but am going to purchase this for the sheer amount of backtesting time(nearly 10years on hourly!) and sms alerts. As soon as I get that sms, i put an order in on my mobile. They also have volume if you can believe it! They give you an indicator of how much volume is sent their way apparently...interesting!

http://www.prorealtime.com/en/

GCTrader

p.s. I dont work for them... :-D
  • #205
  • Dec 11, 2007 9:01am Dec 11, 2007 9:01am
Quoting Ironball
Cheers for that GCT. I've signed up for a trial with Prorealtime.

The grinding-to-a-halt issue I am having at the moment is that my IG charts go into sleep mode after a couple of hours, which makes receiving alerts during the night impossible. Do you (or does anyone else) know of a way to solve this problem? I am hoping that the Prorealtime charts can stay data-alive for several hours at least.

GCT, you must have this problem yourself if you are trading off the probacktest bar signals transmitted to your phone, unless you are that fast of a rockclimber!!!?

It's my birthday today (really - getting old..) - and if anyone can solve this problem for me it will be a pretty, pretty (said in Larry David style) good present.

Cheers!

IB
Ironball Happy Birthday! Which trial did you choose and were you able to get the charts set up correctly?

thanks
Rob
  • #206
  • Dec 11, 2007 9:13am Dec 11, 2007 9:13am
Cheers Longboat!

I signed up for the free charts and have emailed them to ask for the full 7 day trial. Have got the chart up with probacktest but until they contact me to confirm the full trial the chart doesn't yet have data on a sufficiently low timeframe.
  • #207
  • Dec 11, 2007 9:21am Dec 11, 2007 9:21am
Quoting fxhermit
Currently active bar starting to signal squeeze. Just noticing this as I am about to go out so will not be able to follow this into a possible trade signal, will have to look at it later in hindsite.
fxhermit,

I like your indicators on the chart (#194)
Can you post your BB MACD and the Bandswidth(18,2) indicators?

Thanks
  • #208
  • Dec 11, 2007 9:31am Dec 11, 2007 9:31am
Happy B'day Ironball...

Have you got your charting working on the IG software... as I am still having trouble.

Quoting Ironball
Cheers Longboat!

I signed up for the free charts and have emailed them to ask for the full 7 day trial. Have got the chart up with probacktest but until they contact me to confirm the full trial the chart doesn't yet have data on a sufficiently low timeframe.
  • #209
  • Dec 11, 2007 9:43am Dec 11, 2007 9:43am
I managed to get access to IG charts.
Is there any way to transfer the code to the probacktester without typing it in?
It won't let me copy and paste.
Thanks
  • #210
  • Dec 11, 2007 9:51am Dec 11, 2007 9:51am
hi billbss

He has the code on the attached doc on the first page, it's in word format.

regards,
guess

Quoting billbss
I managed to get access to IG charts.
Is there any way to transfer the code to the probacktester without typing it in?
It won't let me copy and paste.
Thanks
  • #211
  • Dec 11, 2007 10:08am Dec 11, 2007 10:08am
Quoting guess121
hi billbss

He has the code on the attached doc on the first page, it's in word format.

regards,
guess
Right.
I have the code.
I'm saying I can't copy and paste it into the probacktest.
I have to type it all in.
  • #212
  • Dec 11, 2007 10:09am Dec 11, 2007 10:09am
Bilbss, try dragging rather than copy and pasting.

Cheers Guess! I somehow got the charting working on IG, although for some reason despite the same settings the probacktest trades always (mostly) end a bar later than the corresponding Squeeze trades, which is a pain as the alert is probacktest and the optimal exit looks to be Squeeze. GCT, any idea why this is and how to rectify it?

I still haven't got the code working at all on cmc.




Quoting guess121
Happy B'day Ironball...

Have you got your charting working on the IG software... as I am still having trouble.
  • #213
  • Dec 11, 2007 10:30am Dec 11, 2007 10:30am
Quoting Ironball
Bilbss, try dragging rather than copy and pasting.

Cheers Guess! I somehow got the charting working on IG, although for some reason despite the same settings the probacktest trades always (mostly) end a bar later than the corresponding Squeeze trades, which is a pain as the alert is probacktest and the optimal exit looks to be Squeeze. GCT, any idea why this is and how to rectify it?

I still haven't got the code working at all on cmc.
I wouldn't know how to drag it.
The chart is an interactive java chart on my web browser.
Where would I drag from?
  • #214
  • Dec 11, 2007 11:09am Dec 11, 2007 11:09am
Hi billbss,

You should be able to cut and paste from the doc to the indicator/back tester.

It worked for me.

Regards,
Guess

Quoting billbss
I wouldn't know how to drag it.
The chart is an interactive java chart on my web browser.
Where would I drag from?
  • #215
  • Dec 11, 2007 11:10am Dec 11, 2007 11:10am
Quoting billbss
I wouldn't know how to drag it.
The chart is an interactive java chart on my web browser.
Where would I drag from?
I found that you can drag from the word doc straight into the 'create probacktest' box. Just highlight the text, then click and hold your mouse on it and move the cursor across into the probacktest box.
  • #216
  • Dec 11, 2007 11:16am Dec 11, 2007 11:16am
Quoting guess121
Hi billbss,

You should be able to cut and paste from the doc to the indicator/back tester.

It worked for me.

Regards,
Guess
Firefox wouldn't let me paste into it. When I right click my mouse, there was no "paste" available.
I also have IE. Let me try that.
Thanks
  • #217
  • Dec 11, 2007 11:18am Dec 11, 2007 11:18am
Control and c (copy and paste).



Quoting billbss
Firefox wouldn't let me paste into it. When I right click my mouse, there was no "paste" available.
I also have IE. Let me try that.
Thanks
  • #218
  • Edited 2:18pm Dec 11, 2007 2:01pm | Edited 2:18pm
Quoting mkyg
fxhermit,

I like your indicators on the chart (#194)
Can you post your BB MACD and the Bandswidth(18,2) indicators?

Thanks
Here you go. Have fun.

P.S. They are not originally my indicators - others have been kind enough to create them -I am just trying to adapt them to this methodology to the best of my limited abilities.
Attached File(s)
File Type: mq4 BB_MACD_v1.03.mq4   6 KB | 955 downloads
File Type: mq4 Bandwidth%20Indicator[1].mq4   2 KB | 1,015 downloads
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #219
  • Dec 11, 2007 2:13pm Dec 11, 2007 2:13pm
Quoting GCTrader1
FXHermit,

As always, looks like your ontop of it! Glad you have some MT4 skills for all the people out there with meta. While my chart looks great with a signal blatently obvious in the form of red of green bars, this is not needed. Watching those bands narrow far narrower than what has been traded lately is a precursor to a possible large move. MACD threshold turnaround is just one way to exit, pivot points are the other highly effective way to do that. bollinger bandwidth in histogram points out the compression of the bands really well so that is how I started thinking along the lines of a trigger level.

The code I am working on now will not have a set trigger level, more an intuitive level that changes depending on current market data. This new trigger will be superimposed ontop of the bollinger bandwidth so you can keep an eye on the level. Anyway, I hope this system is helping out all you traders out there as it is working VERY well for me and that is why I thought to share...

GCTrader
I like your thinking and approach. As you are aware, I am bit by bit trying to replicate your approach for the MT4 platform, so far it is still a work in progress. I am at the same time trying to increase my very limited knowledge of MT4 coding hoping at some point to be knowlegeable enough to code from scratch - that may take a while!

I have just pulled my copy of "Bollinger on Bollinger Bands" off the shelf and am going to give it a re-read, who knows, might gain an extra insight or two.

Thanks for the great thread and your willingness to share.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #220
  • Dec 11, 2007 2:22pm Dec 11, 2007 2:22pm
Quoting fxhermit
Here you go. Have fun.

P.S. They are not originally my indicators - others have been kind enough to create them -I am just trying to adapt them to this methodology to the best of my limited abilities.
fxhermit,

Thank you very much for the 2 Indicators
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