Pivot Point Squeeze, high probability system

Hi,

Is it possible to have an alert programmed to the system ? for when when the Dark green 'squeeze' condition lines touch the the variable 'trigger' line ?
(or could someone advise where i can learn to do these smaller programming duties)

thanks

nightpipper

But isn't it already there?
I mean, I get long/short alerts when price gets out of squeeze.
Note also variable AlertTrade in indicator properties.

Hello guys!

Bugs in Bbands Squeeze v.5 fixed.. Was a problem with Trigger Line values in live trading and automatic Target Lines colors.. Please download and install again.. Sorry.. i'm not guru.. learning..

And Back from a couple days away. How has everyone done lately? While I was gone there was some beautiful trades. Anyone get in on these???

Thanks Alexish,

Nightpipper

Euroyen Volume information and chart can be viewed at

http://www.fxstreet.com/futures/currency-futures-charts/?id=F2:RY\H08.cm

This is done by viewing the volume of currency futures being traded. The correlation between futures and spot is extremely close. The chart can be undocked from the window and placed near your other graphs. Quite a help!

GCTrader

Great info GCT! Thanks once again.

Just a quick question in terms of execution of your preference, after the bandwidth ratio falls bellow a certain level that you would trade a breakout after, do you place your trade after any increase in bandwidth say .0004 to .00041 on the close of the next candle, no matter where your level is or do you wait until the ratio goes back up to your "level" and breaks it with in increase?
Also, how often do you place these trades before the candle closes and you definitely see a solid increase in bandwidth say if you see a classic PA formation.

Seems the more I try to analyze this and try to perfect it, my results on live backtests decrease haha.

Hi GCTrader,

Hope you had a great Christmas!

I took the EUR trade, but chicken out... I keep doing this, I get mad with myself... grrr... but I am going to pulll the trigger and leave it and let it do it's business next time!

Thanks,
Guess

Hi Alexish,

Thanks once again

Regards,
Guess

Alexish/Jon,

I think we need to get this IG code coded on MT4, this will give us the signal, dunno what you guys think.

As GCTrader uses this to give the thumbs up.

Regards,
Guess

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

Hey Jonas,

As soon as the BBW increases once it has crossed under the trigger line it signals a trade. Normally it takes a while before it bottoms out under the trigger level. I wait for the candle to close before entry as sometimes it wavers between entry and no entry. Time has taught me some good lessons! Hope you had a great Christmas, still got new years to go yet!

GCT

Hey mate, had a great Christmas. You? That trade on the euroyen was a borderline since it wasnt breaking through the pivot point but still looked like a valid trade.

We all do that champ, so wouldnt sweat it! I have done the same thing only to watch it pump out a crazy amount of pips. Thing is, as long as you learn from it and you arent losing too much money it will make you a better trader in the long run!

Next week is a new week!

GCT

guess121,

Here is a rough MT4 code. The first part, without the pivots, I have got to work but for the pivot part I am more uncertain. Hopefully it can be of some use for Alexish/Jon, it needs to be cleaned up and improved.

Ola

extern bool ShowAlert = true;
extern bool AlertBuy = true;
extern bool AlertSell = true;
extern int BBPeriod=18;
extern int StdDeviation=2;


int start()
{
//----

int cnt, ticket, total;
double A = 6.2;

if(Bars<100)
{
Print("bars less than 100");
return(0);
}

total = OrdersTotal();
if(total < 100)
{

double MedianPriceCur = (High[0] + Low[0]) / 2;

int MODE_MA = MODE_EMA; // method of the calculation of averages
int PRICE_MA = PRICE_CLOSE; // method of the calculation of averages
int PERIOD = PERIOD_H1; // the period to work with

//parameters of averages
double MacdCur, MacdPre, SignalCur;
double SignalPre, MaCur, MaPre;

double B = iCustom(NULL,0,"Bollinger BandWidth",ShowAlert,BBPeriod,StdDeviation,0,0);
double B1 = iCustom(NULL,0,"Bollinger BandWidth",ShowAlert,BBPeriod,StdDeviation,0,1);

MacdCur=iMACD(NULL,0,5,13,1,PRICE_MA,MODE_MAIN,0);
MacdPre=iMACD(NULL,0,5,13,1,PRICE_MA,MODE_MAIN,1);
SignalCur=iMACD(NULL,0,5,13,1,PRICE_MA,MODE_SIGNAL,0);
SignalPre=iMACD(NULL,0,5,13,1,PRICE_MA,MODE_SIGNAL,1);


double M = SignalCur;
double M1 = SignalPre;


int digits = 4;
double NB = NormalizeDouble(B, digits);
double NB1 = NormalizeDouble(B1, digits);
double NM = NormalizeDouble(M, digits);
double NM1 = NormalizeDouble(M1, digits);

// This is the buy setup which detects when the bollinger bandwidth
// (with number of periods equal to B) has made a new low followed
// by an increase in bandwidth below the trigger line(L) and the
// MACD is trending up.

bool trend = (NM > NM1);

if(((NB * 10000 - NB1 * 10000) >= 1) && (NB1 < L) && (NM > NM1))
{
trigger = 1;

}

// This is the exit setup which detects a turnaround in the MACD histogram.
// The turnaround threshold is determined by A

if(100 * ((MathAbs(NM1) - MathAbs(NM))) >= A)
{
trigger = 0;
}

// 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(((NB * 10000 - NB1 * 10000) >= 1) && (NB1 < L) && (NM < NM1))
{
trigger = -1;
}

// This is the exit setup which detects a turnaround in the MACD histogram.
// The turnaround threshold is determined by A

if(100 * (MathAbs(NM1) - MathAbs(NM)) >= A)
{
trigger = 0;
}

//PP = (DHIGH(1) +DCLOSE(1) + DLOW(1))/3

double DailyBar = 0;
double PreviousHigh = iHigh(NULL, PERIOD_D1,DailyBar);
double PreviousLow = iLow(NULL, PERIOD_D1,DailyBar);
double PreviousClose = iClose(NULL, PERIOD_D1,DailyBar);
double PP = (PreviousHigh+PreviousLow+PreviousClose)/3;

//rtwo=(pP+dhigh(1)-dlow(1))

//rone=(pP*2)-dlow(1)

//sone=(pP*2)-dhigh(1)

//stwo=pP-dhigh(1)+dlow(1)

double rtwo = PP + PreviousHigh - PreviousLow;
double rone = PP * 2 - PreviousLow;
double sone = PP * 2 - PreviousHigh;
double stwo = PP - PreviousHigh + PreviousLow;

// P is the pivot point deviation

double P;
double PIVOT = P;
bool prevtrend;


//if((trigger == 1) && (MedianPriceCur < (PP + PIVOT)) && (MedianPriceCur > (PP - PIVOT)) || (MedianPriceCur < (sone + PIVOT)) && (MedianPriceCur > (sone - PIVOT)) || ((MedianPriceCur < (stwo + PIVOT)) && (MedianPriceCur > (stwo - PIVOT))))

if(trigger == 1)
{

if(AlertBuy == true) {

Alert("SQUEEZE buy order triggered for "+Symbol()+" on the "+Period()+" minute chart.");

//BUY 1 SHARES AT MARKET REALTIME


}
}
}

// if(trigger == 0)
{
//Alert("SQUEEZE sell order triggered for "+Symbol()+" on the "+Period()+" minute chart.");
//SELL 1 SHARES AT MARKET
//}

// if((trigger == -1) && (MedianPriceCur < (PP + PIVOT)) && (MedianPriceCur > (PP - PIVOT)) || (MedianPriceCur <(rone + PIVOT)) && (MedianPriceCur >(rone - PIVOT)) || ((MedianPriceCur < (rtwo + PIVOT)) && (MedianPriceCur > (rtwo - PIVOT))))

if(trigger == -1)
{

if(AlertSell == true) {

Alert("SQUEEZE sell order triggered for "+Symbol()+" on the "+Period()+" minute chart.");
//SELLSHORT 1 SHARES AT MARKET REALTIME

}
}
}

//if(trigger == 0)
//{
// Alert("SQUEEZE sell order triggered for "+Symbol()+" on the "+Period()+" minute chart.");
//EXITSHORT 1 SHARES AT MARKET
//}

Alexish,
Could you please explain some inputs in your EA, the main ones:

BBPeriod=20 ( is it supposed to be 18?)
TriggerLevel= 0.001 ( is it right value?)
TriggerCountBar=38 ( is it supposed to be 132 in H1?)
AutoDayTargets ( How does it work?)
BackTest= 1 ( How does it work?)

Additionally, can't we get all pivots and TPs all together in one chart? ( it seems like one surpass the other)

Are you also planning to add those to the EA as originally given by GCTrader1

Pivot Deviation

Distance from a pivot point in which the signal is still valid

14

MACD Threshold

Threshold of the deviation of the MACD that signals an exit

6.2

I also look forward to everyone's feedback on those questions

General Question to MT4 users:
Are using "Bands_Squeeze_v5.mq4" alone or with some other indicators that Fxhermit posted before ("BB_Squeeze_Advanced_v2demark.mq4", "bbhistotest2.mq4"? I have seen some post that has charts with all indicators in place. My understanding is "Bands_Squeeze_v5.mq4" should take care of everything and just would like to confirm that

I have the same question.

Is there any indicator like an arrow that corresponds to GCTrader1's green bar buy signal? Still not exactly sure about the buy/sell signals on the mt4 platform.

thanks
Rob

And a happy new year to all!

Im sure this year will be a great trading year with lots of volatility! Im dubbing 2008 as "Money '08"

I know I haven't been trading during this Christmas new year break but there was some great opportunities out there. Did anyone get this one from last night?

Greetings

I'm 3 hrs away from our New Year....and so guys, cheers.


Best wishes all....

Wow, that looks amazing. I dont see much snow here in Australia. New years eve in 3 hours for you... get away from your computer before I slap you!

Have a good one!

GCTrader

Happy new year to everyone. This is the chart that shows the last two/three days with MT4 indicators from Alexish. Can any body explain entries/exists with reasons in this chart? I have no confidence here