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Pivot Point Squeeze, high probability system

  • #481
  • Dec 24, 2007 2:26am Dec 24, 2007 2:26am
I am using 18, same as you, though I think your trigger is different to mine.

I will have a look at this.

The other thing I was thinking off... why not use like a Martingale System here, i.e if you get stopped out then reverse and go in the opposite direction, though with keeping a tight SL and TP you should be onto a winner... if you get head fakes, as either way it goes you will win as it will breakout one way or another.

What do you think?

I can speak with Alexish and he can write an EA for this exact use.

Thanks,
Guess

Quoting GCTrader1
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?
  • #482
  • Dec 24, 2007 2:36am Dec 24, 2007 2:36am
hi,

its looking interesting n waiting for your PDF.
  • #483
  • Dec 24, 2007 4:45am Dec 24, 2007 4:45am
Quoting guess121
I am using 18, same as you, though I think your trigger is different to mine.

I will have a look at this.

The other thing I was thinking off... why not use like a Martingale System here, i.e if you get stopped out then reverse and go in the opposite direction, though with keeping a tight SL and TP you should be onto a winner... if you get head fakes, as either way it goes you will win as it will breakout one way or another.

What do you think?

I can speak with Alexish and he can write an EA for this exact use.

Thanks,
Guess


I think its an good idea. We could use fxtraderspro semimartinalepositionsize for this.

Have a merry Christmas everyone!
  • #484
  • Dec 24, 2007 5:01am Dec 24, 2007 5:01am
Hi Guess121,
Thanks or Pic. Any chance of a template or could you tell us all the indicators used please.

thanks
nightpip

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
  • #485
  • Dec 24, 2007 10:32am Dec 24, 2007 10:32am
Hi,

Apparently I am unable to reply to your pm...don't have necessary credentials..is the message I get. Not at home for the next week or so and don't have access to templates here.

regards
  • #486
  • Dec 25, 2007 7:02am Dec 25, 2007 7:02am
Thanks anyway!
I'll pm you my email address.
Mery Xmas and happy new year to all thread and all FF.

Quoting sundowner
Hi,

Apparently I am unable to reply to your pm...don't have necessary credentials..is the message I get. Not at home for the next week or so and don't have access to templates here.

regards
  • #487
  • Dec 25, 2007 3:12pm Dec 25, 2007 3:12pm
Quoting guess121
I am using 18, same as you, though I think your trigger is different to mine.

I will have a look at this.

The other thing I was thinking off... why not use like a Martingale System here, i.e if you get stopped out then reverse and go in the opposite direction, though with keeping a tight SL and TP you should be onto a winner... if you get head fakes, as either way it goes you will win as it will breakout one way or another.

What do you think?

I can speak with Alexish and he can write an EA for this exact use.

Thanks,
Guess
Hey Guess,

Martingle position sizing is definitely not the way I want to trade, I cant imagine any serious trader that wants to make a living off trading doing this. Not to discount it but there is no way I would do this. Even in the gambling world where this was made for, it is not now used since it leads to gambling ruin.

If I get stopped out of a trade, so be it. If my system wants to enter me in again in the opposite way due to still being under the trigger but it starts breaking up, I go in again. I dont want to "make up" for my previous trades in this trade. The psychology warfare behind this strategy must be unreal! Its bad enough as it is without adding pressure of having to increase your position sizing way beyond you means and watching that go down to a very low SL while knowing that if you get stopped out again, you have to double up again.

My advice is to stay away from such lunacy, but that is just my opinion.

Hope everyone is having great holidays!

GCTrader
  • #488
  • Dec 25, 2007 3:14pm Dec 25, 2007 3:14pm
Happy New Year to all! I have present from Santa..

New Bband Squeeze v.5 with auto pivot target calculation (CGTrader1 strategy), pivots and midle pivots lines with backtest..
Attached Image (click to enlarge)
Click to Enlarge Name: masterforex.gif Size: 33 KB
Attached File(s)
File Type: mq4 Bands_Squeeze_v5.mq4   32 KB | 894 downloads
  • #489
  • Dec 25, 2007 3:18pm Dec 25, 2007 3:18pm
Nice Going Alex,

Pictures please as I dont use MT4! Your a unit champ, just wanted to thankyou for all your efforts for every MT4 user out there.

GCTrader
  • #490
  • Dec 25, 2007 3:23pm Dec 25, 2007 3:23pm
Quoting ALEXISH
Happy New Year to all! I have present from Santa..

New Bband Squeeze v.5 with auto pivot target calculation (CGTrader1 strategy), pivots and midle pivots lines with backtest..

MWAHAHAHA,

Now were talking! Bloody beautiful! Literally, very pretty!
  • #491
  • Dec 25, 2007 3:26pm Dec 25, 2007 3:26pm
Thanks GCTrader1 for great ideas!!!
Screenshot with TP levels..
TP levels (will automatic changed).. GCTrader1 rules!
Attached Image (click to enlarge)
Click to Enlarge Name: masterforex1.gif Size: 32 KB
  • #492
  • Dec 25, 2007 3:32pm Dec 25, 2007 3:32pm
Quoting ALEXISH
Thanks GCTrader1 for great ideas!!!
Screenshot with TP levels..
TP levels (will automatic changed).. GCTrader1 rules!
Stop it, im blushing! Im just glad we can all help each other out. We can do this because of this awesome site FOREXFACTORY! So a big thankyou to the people behind the scenes and the monumental effort they put in.

Cheers!

GCTrader
  • #493
  • Dec 25, 2007 3:43pm Dec 25, 2007 3:43pm
Hey...

Hello guys!

Just going to through something into the thread in a second... hope you can stay online.

Guess.

Quoting ALEXISH
Thanks GCTrader1 for great ideas!!!
Screenshot with TP levels..
TP levels (will automatic changed).. GCTrader1 rules!
  • #494
  • Dec 25, 2007 3:49pm Dec 25, 2007 3:49pm
Hey...

Alexish...

That's great! Excellent! Thanks very much for all you have done!

I wanted to ask you and GCTrader.

Are we using the bandwidth level as our squeeze indicator, i.e if we get below the bandwidth threshold, it is squeezing?

Thanks,
Guess

Quoting ALEXISH
Thanks GCTrader1 for great ideas!!!
Screenshot with TP levels..
TP levels (will automatic changed).. GCTrader1 rules!
  • #495
  • Dec 25, 2007 3:54pm Dec 25, 2007 3:54pm
Quoting guess121
Hey...

Alexish...

That's great! Excellent! Thanks very much for all you have done!

I wanted to ask you and GCTrader.

Are we using the bandwidth level as our squeeze indicator, i.e if we get below the bandwidth threshold, it is squeezing?

Thanks,
Guess
Correct, The BBW is a quantative way of giving the trigger a level to which we can say it has squeezed enough. The BB on the chart visually show us how much of a squeeze it is and also is it returning from a previous big move as the butterfly is a very profitable BB pattern(I made that name up, seems appropriate tho ;-) First post of this thread shows one of them.

Hope that helps Guess,

GCT
  • #496
  • Dec 25, 2007 3:56pm Dec 25, 2007 3:56pm
Ok cool...

Just an idea...



As I thought you could be in a win win situation.

Quoting GCTrader1
Hey Guess,

Martingle position sizing is definitely not the way I want to trade, I cant imagine any serious trader that wants to make a living off trading doing this. Not to discount it but there is no way I would do this. Even in the gambling world where this was made for, it is not now used since it leads to gambling ruin.

If I get stopped out of a trade, so be it. If my system wants to enter me in again in the opposite way due to still being under the trigger but it starts breaking up, I go in again. I dont want to "make up" for my previous trades in this trade. The psychology warfare behind this strategy must be unreal! Its bad enough as it is without adding pressure of having to increase your position sizing way beyond you means and watching that go down to a very low SL while knowing that if you get stopped out again, you have to double up again.

My advice is to stay away from such lunacy, but that is just my opinion.

Hope everyone is having great holidays!

GCTrader
  • #497
  • Dec 25, 2007 7:41pm Dec 25, 2007 7:41pm
Alexish

Awesome !!!

Await download please.

nightpipper


Quoting ALEXISH
Thanks GCTrader1 for great ideas!!!
Screenshot with TP levels..
TP levels (will automatic changed).. GCTrader1 rules!
  • #498
  • Dec 26, 2007 6:18am Dec 26, 2007 6:18am
Quoting ALEXISH
Thanks GCTrader1 for great ideas!!!
Screenshot with TP levels..
TP levels (will automatic changed).. GCTrader1 rules!

Hi alexi, i am using the Bnds_squueze_v5 but it seems that the TP level wont appear, any settings that i need to tune?

thanks to GCtrader for this great system and also alexi for the coding.Some questions here, hope you guys can help:

1. When the Bands_squueze_v5 indicator is in dark green, it means that the bollinger band is squeezing and we are ready for a setup?

2.When the Bands_squueze_v5 indicator turns from dark green to blue or red and pass thgough the red line(trigger line?) we open positon accordingly? blue=long, red = short?

3. High probablity trade happen when all the condition met and the price break thgorugh the pivot point?

thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 105 KB
  • #499
  • Dec 26, 2007 7:51am Dec 26, 2007 7:51am
This is my charts..
1. AutoDayTargets = true; (auto calculation)
BackTest = 1;

Chart with Pivots

2. AutoDayTarget = false;
Pivots = true;
BackTest = 1;

Chart with back test (5 days) pivots

2. AutoDayTarget = false;
Pivots = true;
BackTest = 5;
Attached Image(s) (click to enlarge)
Click to Enlarge Name: masterforex1.gif Size: 17 KB
Click to Enlarge Name: masterforex2.gif Size: 18 KB
Click to Enlarge Name: masterforex3.gif Size: 22 KB
  • #500
  • Dec 27, 2007 6:46am Dec 27, 2007 6:46am
I just got a nice signal with the MT4 version of this system. But for whatever reasons there was no signal for the CMC version.

Any ideas?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mt4.gif Size: 21 KB
Click to Enlarge Name: CMC.jpg Size: 94 KB
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