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Pivot Point Squeeze, high probability system

  • #461
  • Dec 22, 2007 7:47pm Dec 22, 2007 7:47pm
Quoting GCTrader1
Looks right, what TF are you using? I use a 38 sample period. Seems to work the best even when I take it back 3 years!

GCT
Isn't it supposed to be always at a minimum point of the last 132 bars?
If it's through the hourly in my case shouldn't the threshold be .0034 since that's one of the ratios on Dec. 19th?

Jonas
  • #462
  • Dec 22, 2007 8:04pm Dec 22, 2007 8:04pm
Quoting jonaslt
I think we might have a problem, but I'm not 100% on how you coded it, I tried looking at it, but on my graph the lowest was say .0034 but the limit is still .0043, don't think it got smoother or anything, maybe look low of different tf or something? No clue.

Attachment
Trigger Line = minimum of Bband in period of 132 bar (default variable TriggerCountBar = 132) + TriggerLevel (dafault TriggerLevel = 0.001)

So.. if minimum Bband is 0.0034 then Trigger Line must be 0.0044..
  • #463
  • Dec 22, 2007 8:07pm Dec 22, 2007 8:07pm
Quoting jonaslt
Isn't it supposed to be always at a minimum point of the last 132 bars?
If it's through the hourly in my case shouldn't the threshold be .0034 since that's one of the ratios on Dec. 19th?

Jonas
Quote by Bolliinger
"However,some short-term traders may want to
shorten the average a bit,say to 15 periods,and tighten the bands a
bit,say to 1.5 standard deviations.
There is one other parameter that can be set,the look-back
period for the Squeeze. The longer you set the look-back period—
recall that the default is six months—the greater the compression
you’ll achieve and the more explosive the setups will be. However,
there will be fewer of them. There is always a price to pay it seems."

This meaning there is no set standard, customization is part of developing a trading plan for how you trade. The longer the trigger look back period the fewer the trades, but some very nice and extremely profitable trades are lost.

GCT
  • #464
  • Dec 22, 2007 8:10pm Dec 22, 2007 8:10pm
Quoting GCTrader1
My mouth is watering! Wish i could have a look...pictures please! Since your a coder Alex, what did you think of the auto TP levels?

GCTrader
No problem.. TP Level is will be next update!
  • #465
  • Dec 22, 2007 8:15pm Dec 22, 2007 8:15pm
Quoting ALEXISH
Trigger Line = minimum of Bband in period of 132 bar (default variable TriggerCountBar = 132) + TriggerLevel (dafault TriggerLevel = 0.001)

So.. if minimum Bband is 0.0034 then Trigger Line must be 0.0044..
Ahhh good, thanks for clarifying. This should be useful so far I've just been doing it by eye on live back tests.

Alexish, champ!
:-)

Jonas
  • #466
  • Dec 22, 2007 9:04pm Dec 22, 2007 9:04pm
Thank you for this thread GCTrader1 and thanks to you FXHermit and Alexish and everyone else contributing to the thread. Hey Jonaslt, your questions and comments keep things moving for us metatrader folks. Thanks buddy.

Best wishes to you folks and your families for the season and Peace and Prosperity for the New Year..

Good trading all..

Cheers

Rick
  • #467
  • Dec 22, 2007 9:43pm Dec 22, 2007 9:43pm
Quoting sundowner
Thank you for this thread GCTrader1 and thanks to you FXHermit and Alexish and everyone else contributing to the thread. Hey Jonaslt, your questions and comments keep things moving for us metatrader folks. Thanks buddy.

Best wishes to you folks and your families for the season and Peace and Prosperity for the New Year..

Good trading all..

Cheers

Rick
Haha, don't know how much I'm actually helping, hopefully I'm clearing some things up for others by asking my questions, I'm just trying to learn and take as much away from this so I'll think of something to contribute at some point or at least be able to answer some questions people may have.

But good point, happy holidays to everyone and take a breather from the market, if you've been working a lot, to enjoy time with your close ones during these days off.

Jonas
  • #468
  • Dec 23, 2007 12:18am Dec 23, 2007 12:18am
Thanks a million GCTrader - the storybook sorted me out. Cheers!




Quoting GCTrader1
Tight stops is a bad idea, learnt through tears. Glad your making pips Joey!

I missed it too Guess!

Omar check out this post

http://www.forexfactory.com/showpost...&postcount=399

This should set you straight

GCTrader
  • #469
  • Dec 23, 2007 2:21am Dec 23, 2007 2:21am
Hi GCTrader,

The variables I have for the squeeze are MACD Threshold 2, Trigger Float 0.0003, and period 38. Yet on your chart it looks likethey are 3, 0.0006, and 38 respectively. Should the settings be changed or is there a way to have them auto-update as now is the case in the Trigger indicator?

Thanks,

Jam


Quoting GCTrader1
Did someone say volume is out??? Volume we have, if you pay...

http://img337.imageshack.us/img337/4...jpyspotso9.png

Volume dropping off on the trade from friday, which is what you would expect leading up to the end of the week. It also could mean the movement is over. I exited before close of trade.

GCTrader
  • #470
  • Dec 23, 2007 9:20am Dec 23, 2007 9:20am
Quoting GCTrader1
I will be posting an updated system outline with all code in a pdf after chrissy. The thread is getting rather long and alot of valuable information has been vented. Should be an interesting read after all the input from everybody.

GCTrader
I would really appreciate a pdf with code defined. I use the premiere trade platform and the pivot point graphs are different looking than yours(much less detailed but still the same). Also, I usually don't trade below the 180 min charts. Most examples of your charts are 1hr. Does all the same rules apply on 180 min vs 1hr charts?

I really appreciate GCT"s input as well as everyone else. Happy pipadays to everyone!

JoeyBiasatti
  • #471
  • Dec 23, 2007 3:55pm Dec 23, 2007 3:55pm
Hi GCTrader/Jonas...

Here is the new indicator in action... one entry is a little late... yet gives you pips, first red line and the next one is great example... where the entries a good as your's GCTrader, or could we use more optical settings, I am using a 132 sample period with trigger as 0.001.

Regards,
Guess
Attached Image
  • #472
  • Dec 23, 2007 4:43pm Dec 23, 2007 4:43pm
Quoting guess121
Hi GCTrader/Jonas...

Here is the new indicator in action... one entry is a little late... yet gives you pips, first red line and the next one is great example... where the entries a good as your's GCTrader, or could we use more optical settings, I am using a 132 sample period with trigger as 0.001.

Regards,
Guess
That looks great. I downloaded the new squeeze indicator, but what are the others called besides the bollinger bands that you have on your charts.

thanks
Rob
  • #473
  • Dec 23, 2007 4:47pm Dec 23, 2007 4:47pm
MACD 5,13,1 settings.

Dailyt pivots.

BB Squeeze

Stochs - Not really used... but just for me, I like stochs... 14,3,3 - trade in the direction of stochs.

Hope it helps.
Guess

Quoting Longboat
That looks great. I downloaded the new squeeze indicator, but what are the others called besides the bollinger bands that you have on your charts.

thanks
Rob
  • #474
  • Dec 23, 2007 4:58pm Dec 23, 2007 4:58pm
Guess 121, please post the pivot indicator. I have various but not one which shows me where the recent pivots of ther last days were.

Thank You
  • #475
  • Dec 23, 2007 5:03pm Dec 23, 2007 5:03pm
Here you go...

Quoting mr.trader
Guess 121, please post the pivot indicator. I have various but not one which shows me where the recent pivots of ther last days were.

Thank You
Attached File(s)
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 880 downloads
  • #476
  • Dec 23, 2007 5:56pm Dec 23, 2007 5:56pm
Thanks a lot!
  • #477
  • Dec 23, 2007 6:52pm Dec 23, 2007 6:52pm
Quoting guess121
Hi GCTrader/Jonas...

Here is the new indicator in action... one entry is a little late... yet gives you pips, first red line and the next one is great example... where the entries a good as your's GCTrader, or could we use more optical settings, I am using a 132 sample period with trigger as 0.001.

Regards,
Guess
Mine got in a bar earlier on the first one(the short) and for the long it got in as it broke through the pivot point. What settings do you have your BB on?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX EUR_JPY (-).png Size: 21 KB
  • #478
  • Dec 23, 2007 7:14pm Dec 23, 2007 7:14pm
Quoting jamdragon888
Hi GCTrader,

The variables I have for the squeeze are MACD Threshold 2, Trigger Float 0.0003, and period 38. Yet on your chart it looks likethey are 3, 0.0006, and 38 respectively. Should the settings be changed or is there a way to have them auto-update as now is the case in the Trigger indicator?

Thanks,

Jam
Indicators are never perfect, user discretion always should come into it to a degree. That is why auto trading programs rarely work well. I use the indicator to help me with my entries and exits, although it does a damn good job of picking those entries. The only thing against this being sublime is head-fakes. These ruin lives! Not really but it does suck. There is no way of fully ridding the system of these.

This BB break out has been worked on since bollinger( ) came up with these ingenious bands. I have just combined them with breakouts from pivot points. I have noticed both for some time and just started coding it. So glad I did as like many other people following this thread, I have been making regular profits instead of yo-yoing up and down. I hope over the last month I have enlightened people of these occurrences and have profited from them.

Take care and I wish you all a merry Christmas and an awesome New year!

Brent
  • #479
  • Dec 23, 2007 9:29pm Dec 23, 2007 9:29pm
Poor mans Volume chart.

Apply code to tick by tick chart. It updates every hour which can be changed. It counts the displays the ticks. Keep it in the background somewhere and you will know when the volume is dropping. It is relative volume not absolute as we all know its impossible. Closest thing to it tho. Hope it helps!

GCT



if close>close[1] or close<close[1] then
tick=tick+1
endif

if Minute=0 then
tick=0
endif

tick1=tick

if Minute<>59 then
tick1=0
endif

if minute=59 then
ret=tick1
endif

return ret
  • #480
  • Dec 24, 2007 1:30am Dec 24, 2007 1:30am
Quoting guess121
Hi GCTrader/Jonas...

Here is the new indicator in action... one entry is a little late... yet gives you pips, first red line and the next one is great example... where the entries a good as your's GCTrader, or could we use more optical settings, I am using a 132 sample period with trigger as 0.001.

Regards,
Guess
Hi!

Would you mind to post a template and the MT4 indicators needed?

THX
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