Pivot Point Squeeze, high probability system

I think he's using a separate indicator for that instead which is what I did as well that lets you add decimals in input since the default one for mt4 does not.

I see. This is what I was curious about... Thanks alot

Hi jonaslt,

I have only recently stumbled across this thread - two weeks ago. I trade only demo. GCTrader1 has generously shared something quite brilliant here...particularly with regard to the Eur/Jpy.

I only trade the 15 minute chart.

The last two nights have had serious moves after 11:00 p.m. Pacific Standard Time... what that means in the future, who knows...but GC's concept is sound. That would be GMT-8...couple of hours from now.

Regardless, we should all send flowers to his mother on Mother's Day and thank her for teaching her son to share.

Cheers

No problem, I looked for it myself since I have the same setup you have, but I think with a couple more bands it's easier to see what is happening, couple other charts I actually added one copy of a higher tf bollinger to try to figure out the relationship and how it all works.

btw sundown, I'm new to this one too, last week or so I've been practicing this method and trying to refine it in my own head and the way I would use it and when, I'm trying to do live back testing using vterminal so far went through a year or so in total just to have that practice trying different things.
But your def. right it's all thanks to GCT for sharing what he's doing and helping everyone here out, how's that for X-Mas spirit haha

By the way, the reason I'm doing hourly is simply because lower tf has a lot of noise, but this is what I think and many people will argue me, I love short term trades since I'm still pretty new to trading and need more practice with my nerves haha but I am also a strong believer of price action and what other people in this forum have to say fti,james16 etc, not sure if it's helping me or hurting me, we'll see how quickly I can find my own consistent profitable way of trading so far I'm still a little shaky but always trading demo is one thing I try to get some experience with live as well just to have that practice since it's much different even though I never believed that before. There's just that funny feeling in your stomach that you get trading live when you're relatively new to it haha I'm sure some of the older traders here remember those times...or maybe I just had some bad food

Greetings,

I am using Metatrader charts and all I have done that is different is change the colour (CDN) of the bands and drop some of the bands fxhermit originally had on his chart.

I assumed bands was part of fxhermit's indicator set since it loaded when I downloaded his template.

Squeeze started now on my chart. 9:50. Up I got

Cheers

So now I wait...

Good luck all...

Hey,

Where do you set your bandwidth trigger for the 15 min chart?

is anyone going long?

Nice bounce, yes?

This is driving me crazy. I'm coping the code to the Probacktest and adding the necessary variables and I get a Syntax Error: Define Variable Trigger.
What am I doing wrong!


Also, when I use the code to create the Squeeze and after adding the variables I get a Syntax Error: This variable is not used in the code:Trigger.

what to do?

thnx

i went in at 162.55

Surely happy to be out of the negative for now haha a little relief, now lets see if we can break R1 and go up to weekly pivot and R2 :-D haha, doubt it but I can dream right :-)

I am out with 20 pips

I hope most of you are making pips! Beautiful moves!

http://img259.imageshack.us/img259/7...udusd10er5.png

http://img262.imageshack.us/img262/7...xeurjpytj2.png

Man I love this system! lol



GCTrader

I love it too!! Did you double up on your positions?

And we love you for sharing this and your experience in general with everyone, hopefully I can get a good handle on this system soon to be able to help out others more with some questions, but I have a feeling for now my decisions are more or less guided guesses which i'm not too satisfied with

First tp hit.. rest to be.

Thanks GCTrader.


Day after day GC , squeeze, expansion.... May not always happen at this time of day.

Thanks mate

Best of the season everyone...Skiing, snowmobiling now for the next couple of weeks.

Regards and thanks.

Ok, story book time!

To get this indicator working, follow these steps.

1) The charts I use are from prorealtime

http://www.prorealtime.com/common/pa...ge=EN&from=GCT

2) Now select indicator/backtest up the top right of the chart

3) Select new indicator and name it.

4) copy and paste the code from previous posts as shown here


http://img442.imageshack.us/img442/7299/story1li1.jpg



5) Next, set up the variables which are up the top right and enter in as follows

http://img505.imageshack.us/img505/100/story2gh0.jpg

http://img505.imageshack.us/img505/3159/story3zk1.jpg

http://img299.imageshack.us/img299/116/story4yk6.jpg

6) Now to setup the trigger level on the bollinger bandwidth.

Add another indicator, select bollinger bandwidth.

7) Create another indicator called trigger and enter in

trigger = undefined

trigger=(lowest[sample](BollingerBandWidth[18](close)))+A

return trigger

8) The variables are

A
Trigger Float
float
>0
0.002

Sample
sample period
integer
>0
38

9) Click validate then close the indicator.

10) go back to the Bollinger bandwidth indicator setup and hit add, go to the trigger indicator. It should come up on the bollinger bandwidth now.

That should be it, if you have any problems just post and I will see what I can do... Enjoy!

GCTrader

Its like its raining pips! lol, 2 more tp's hit! Nice end to the week! lol

Santa is bringing me pips for christmas! I hope I have helped some of you make some nice cashola for the holidays. Talk soon!

GCTrader