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Pivot Point Squeeze, high probability system

  • #401
  • Dec 21, 2007 1:59am Dec 21, 2007 1:59am
Sorry guys,

Forgot the chart. Hope your mother sees this thread.

Cheers
Attached Image (click to enlarge)
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  • #402
  • Dec 21, 2007 2:16am Dec 21, 2007 2:16am
Hi GCTrader,

Thanks for your generosity in sharing this method. I used to be a subscriber to ProRealTime/IT-Finance, and felt very blessed when CMC adopted their charting platform.

I've been attempting to duplicate your original BACKTEST as opposed to the INDICATOR.

I'll put up the inidicator on the charts, but I'd like to have the backtest as a point of reference, as well as to add more lots on backtest confluence trades.

In the original .doc file you have the variables 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


When attempting to create the backtest, the variable possibilities are >0, >=0, or no restriction. Can you clarify which option for each variable? My platform just seems to hang when optimizing.

Thanks for your efforts and happy pipping to everyone.

Jam
  • #403
  • Dec 21, 2007 2:23am Dec 21, 2007 2:23am
Quoting jamdragon888
Hi GCTrader,

Thanks for your generosity in sharing this method. I used to be a subscriber to ProRealTime/IT-Finance, and felt very blessed when CMC adopted their charting platform.

I've been attempting to duplicate your original BACKTEST as opposed to the INDICATOR.

I'll put up the inidicator on the charts, but I'd like to have the backtest as a point of reference, as well as to add more lots on backtest confluence trades.

In the original .doc file you have the variables 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


When attempting to create the backtest, the variable possibilities are >0, >=0, or no restriction. Can you clarify which option for each variable? My platform just seems to hang when optimizing.

Thanks for your efforts and happy pipping to everyone.

Jam
Those variables are for an older version of this code, use the ones from the story book on this page. Also, what is you MACD values given in? Sometimes the code has to be modified since in IGmarkets, MACD is given in whole numbers but with prorealtime, they are in decimals. This difference needs to be taken into account in the code by making sure that the MACD values are in whole numbers, so multiplying it by 100.

Let me know how u go...

GCTrader
  • #404
  • Dec 21, 2007 3:03am Dec 21, 2007 3:03am
Got the bandwith and trigger up with no problem. But the squeeze indicator as posted comes up blank on the charts. Any suggestions? After the squeeze indicator is put up, it seems you can adjust the settings manually and the MACD threshold can be adjusted to decimal levels. Where would one adjust the code to compensate (if that is indeed the problem)?

Below is the code as entered in the squeeze indicator, and all the variables have been adjusted according to your latest storybook post.

Cheers,

Jam

b=18
L=(lowest[period](BollingerBandWidth[18](close)))+C
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
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Cash.png Size: 10 KB
  • #405
  • Dec 21, 2007 3:11am Dec 21, 2007 3:11am
Jam,

Replace body of code with this...

b=18

L=(lowest[SAMPLE](BollingerBandWidth[18](close)))+C

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))*100)>round((MACDline[5,13,1](close[1]))*100) 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])*100))) - (abs(round(MACDline[5,13,1](close)*100)))>=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))*100)<round((MACDline[5,13,1](close[1]))*100) 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])*100))) - (abs(round(MACDline[5,13,1](close)*100)))>=A then

trigger = 0

endif

return trigger
  • #406
  • Dec 21, 2007 3:46am Dec 21, 2007 3:46am
Hi GCTrader,

I cut and pasted exactly as you had posted.

I get the following error:

Syntax error
This variable is never read: period
This variable is undefined: sample
  • #407
  • Dec 21, 2007 4:09am Dec 21, 2007 4:09am
I managed to get somethingup on the chart for the squeeze indicator now.




The problem seems to be with the trigger float variable. I have tried all the settings. The setting for the TRIGGER FLOAT should be C, TRIGGER FLOAT, FLOAT, >0, and 0.0003. The challenge is that the program doesn't seem to like 0.0003 as a setting and keeps changing it back to 0.001.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Cash.png Size: 11 KB
  • #408
  • Dec 21, 2007 4:12am Dec 21, 2007 4:12am
hmmm, could be a cmc specific problem. Try a trial from the link on my previous post and try it there. cmc might not allow u to go down to 4 decimal places
  • #409
  • Dec 21, 2007 4:27am Dec 21, 2007 4:27am
I'm actually quite pleased being able to get something up on the charts within a very short period of time, even if it's not perfected yet. I'll take your suggestion and try a demo on ProRealtime and see if it makes a difference.

Attached is the chart at this point with a more similar colour scheme.

Cheers,

Jam
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Cash.png Size: 11 KB
  • #410
  • Dec 21, 2007 5:12am Dec 21, 2007 5:12am
Looking good there jam, just need to figure out that minimum number problem.

No entries on any timeframe for now. Already made some good trades for the day...

Im only using 2 pairs atm, AussieUSD and Euroyen. I have timeframes 1HR, 15min, 30min, 2hours and daily.
  • #411
  • Dec 21, 2007 7:29am Dec 21, 2007 7:29am
Quoting GCTrader1
Man I love this system! lol



GCTrader
GCTrader,
YOU ARE THE MAN. EXCELLENT SYSTEM... I DID MY 100 PIPS....
  • #412
  • Dec 21, 2007 7:41am Dec 21, 2007 7:41am
hello guys.

I posted on this thread in the beginning using a variation of this system (the acutal 12 b.bands around the price) along with Dollie's system. I am posting 2 trades I got today (I'm a scalper).

Are we any closer to getting at MT4 Squeeze indicator or is it a lost cause. I would love to add that to my arsenal.

GCT - if not, does your platform allow for free demos so I can access the charts?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpybbsqueeze.gif Size: 58 KB
  • #413
  • Dec 21, 2007 7:50am Dec 21, 2007 7:50am
Quoting jcblcs79
hello guys.

I posted on this thread in the beginning using a variation of this system (the acutal 12 b.bands around the price) along with Dollie's system. I am posting 2 trades I got today (I'm a scalper).

Are we any closer to getting at MT4 Squeeze indicator or is it a lost cause. I would love to add that to my arsenal.

GCT - if not, does your platform allow for free demos so I can access the charts?
MT4 squeeze indicator is done, and his platform allows demos I believe as a couple people here have tried it, just go over last couple of pages it's all there
  • #414
  • Dec 21, 2007 8:19am Dec 21, 2007 8:19am
Thanks Jon.
  • #415
  • Dec 21, 2007 9:00am Dec 21, 2007 9:00am
here is another successful scalp. I hope you are proud GCT!!!!
Attached Image (click to enlarge)
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  • #416
  • Dec 21, 2007 9:22am Dec 21, 2007 9:22am
Hi jcblcs79,

Don't mean to be rude... but does not meet Dollies entries, or can you explain your entries a little more, then that would be great.

Thanks,
Guess

Quoting jcblcs79
here is another successful scalp. I hope you are proud GCT!!!!
  • #417
  • Dec 21, 2007 9:34am Dec 21, 2007 9:34am
I really don't want to Discuss Dollie's system here (don't want to be rude - this thread is for GCTrader system). I only posted those trades to show how I incorportated the squeeze.

But here is a quick explanation: Dollies original setup has 4 separate indicators layed on top of each other all set up to different inputs. This causes that screen to fluctuate a lot as the price moves so it is very hard to back test this method. Also, short entries signals often happen late with Dollie (I think it has to do with the ASH) so if you are comfortable with her system and see the ASH above the RSI and the CCI in between the two and the LSMA is Red and sloping down you can refer to other indicators and make your decision. When I entered the trade the ASH was above the zero line and that is very important to me. I guess it all comes down to interpration. Please see her thread if you have any other questions.
  • #418
  • Dec 21, 2007 10:08am Dec 21, 2007 10:08am
Hey GCTrader, I did exactly what you said below and I'm getting Syntax Error:This variable is not used in the codeeriod
Define variable:sample

Again, I'm using IG Markets charts (IT Finance)

thnx for the help.




Quoting GCTrader1
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


  • #419
  • Dec 21, 2007 1:35pm Dec 21, 2007 1:35pm
Hey Criss73,

I had the same problem.

In the code, change the second line to this:

L=(lowest[period](BollingerBandWidth[18](close)))+C

In the script GCTrader gave last, period was actually SAMPLE. I changed it to period and that seemed to get rid of the error. Maybe ask GCTrader directly, as I'm still having problems adjusting the decimals on the MACD threshold.

Jam
  • #420
  • Dec 21, 2007 2:02pm Dec 21, 2007 2:02pm
thank you jam for your help. It works now but how do I make it look like a histogram with colors


Quoting jamdragon888
Hey Criss73,

I had the same problem.

In the code, change the second line to this:

L=(lowest[period](BollingerBandWidth[18](close)))+C

In the script GCTrader gave last, period was actually SAMPLE. I changed it to period and that seemed to get rid of the error. Maybe ask GCTrader directly, as I'm still having problems adjusting the decimals on the MACD threshold.

Jam
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