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Pivot Point Squeeze, high probability system

  • #761
  • May 7, 2008 5:33pm May 7, 2008 5:33pm
worth the wait.

anyone see this move? It began at 9am EST, band width was 60, price broke below daily pivot and ema, and tagged into the lower BB's as the began to grow their butterfly wing...

too bad I was at work for this one
http://picnac.com/images/8378ey_bw60_9am.gif
"Discipline is the key ingredient to Personal Freedom"
  • #762
  • Jul 6, 2008 1:54am Jul 6, 2008 1:54am
Activity on this excellent thread seems to have faded away. Perhaps GCTrader1, Alexish, or others could comment on whether they still use this strategy. All the best.
  • #763
  • Jul 14, 2008 8:23am Jul 14, 2008 8:23am
A very nice trade on friday. In at 9619, out at a bit below the R2 at 9690. The system is still working!

GCT

http://img391.imageshack.us/img391/3...xaudusdtg9.png
  • #764
  • Jul 14, 2008 3:51pm Jul 14, 2008 3:51pm
Quoting cactus
Activity on this excellent thread seems to have faded away. Perhaps GCTrader1, Alexish, or others could comment on whether they still use this strategy. All the best.
Just stumble onto this thread. Read the first few pages and then fastward to the end here. I am on MT4 and will d/l all the ea and indicators for it and test.
  • #765
  • Jul 23, 2008 8:43pm Jul 23, 2008 8:43pm
Hey GCtrader1,

Are you still using IGMarkets with no problems?
  • #766
  • Sep 23, 2008 12:48am Sep 23, 2008 12:48am
Yes, I still use IGMarkets and haven't had a problem with them yet. A couple of beautiful trades last night on the Aussie and Gold.

In at 8359 and out at 8490

Gold, in at 884.95, out at 900.

Attached is the pics that alerted me to the trades. A couple of nice trades that showed me that the system still works in volatile times.

GCTrader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot FX AUD_USD1.png Size: 22 KB
Click to Enlarge Name: Spot Gold (mini) 1.png Size: 24 KB
  • #767
  • Sep 23, 2008 1:14am Sep 23, 2008 1:14am
Quoting GCTrader1
In at 8359 and out at 8490
Aussie was above the daily pivot the whole session, there was no upward break from below. Or is that no longer an entry requirement?
  • #768
  • Sep 23, 2008 1:18am Sep 23, 2008 1:18am
Quite correct, it was not a break of the pivot point. But with the current climate in the financial markets, a break of a consolidation period which is in line with fundamentals, it was a gamble I was willing to take.

A consolidation around the PP would have made it a golden signal but I have found that it does not make that much difference whether the break is at a pivot point or not, but it does make the argument more convincing.

GCT
  • #769
  • Dec 10, 2008 5:13am Dec 10, 2008 5:13am
Quoting JohnnyFOREX
I have been giving some thought to how to improve the system during periods of consolidation, ie. trying to filter out false entries.

Although we have the dynamic trigger line, this doesn't exactly cover consolidating periods fully. It just means that if the market has been narrow, then we need to be even more narrow for a breakout to be possible. However, it doesn't alter the actual breakout criterea, ie. a small breakout (increase in BBW) could still trigger an entry and this would be exactly the same breakout criteria for a market which had...

JohnnyFOREX & GCtrader
Amazing the results of this system ! I was wondering or there are any updates regarding the cooperation between you both to workout a filter for the false entries?
Just got myself a ProRealTime account and can’t wait to try the updated code and work together with you to improve the system (if that is possible as it is already very good, )
  • #770
  • Edited 5:58pm Dec 20, 2008 5:48pm | Edited 5:58pm
Hello,

Wondering if this is correct. Don't have PRT, remembered there were errors in the MT4 version. I coded a couple for NinjaTrader, wondering if these signals are correct. If they are I can start a correct MT4 version when I have time.

GCTrader or anyone using PRT, can you confirm these signals? Feed is Gain.

Thank you.

Edit: Almost forgot, EURUSD 60M. Not concerned about any valid trades, just whether bars are correctly shown.
Attached Image (click to enlarge)
Click to Enlarge Name: GCPP.PNG Size: 91 KB
  • #771
  • Aug 12, 2009 11:29am Aug 12, 2009 11:29am
hey guys does this still work or what?
  • #772
  • Aug 12, 2009 6:12pm Aug 12, 2009 6:12pm
It does, although like most trading strategies it works great for a while and then it seems like it has a 'break' from working. Me and a few others are working on trying to figure out what it is that makes it stop being as effective.

Current theory is that excessive, prolonged volatility cause the bollinger bandwidth to be high for extended periods without settling down to a contracted state long enough to be considered a signal.

Also trying to work out the best strategy for position sizing, as that is key to any trading strategy. Anyone have any good position sizing tactics?
  • #773
  • Jan 17, 2010 10:51pm Jan 17, 2010 10:51pm
hi guys

i cant seem to get the system downloaded and in place

anyway

does this system still work,,,,
  • #774
  • Aug 24, 2011 6:54am Aug 24, 2011 6:54am
system look awesome

but how do i get all the indicators on mt4 specially the BB band with and toher two on the top giving the direction

the bband ema and pivots i got

but the main indi is the bollinger band gap indicator
  • #775
  • Dec 16, 2011 3:22pm Dec 16, 2011 3:22pm
Hi GCT,
I am new to participating here.
I just saw your setup. Do you have any code that you
can share or any particular details, so I might program this
to metatrader 5.0 ??

I am willing to share once coded. Happy to do that.
Two traders with the same good strategy will have
different results- depending on money management.
Many thanks for anyone who will and can share for my
request.
Cheers,
G.
  • #776
  • Dec 16, 2011 3:27pm Dec 16, 2011 3:27pm
Hi GCT,
Position sizing tech. are discussed by Van Tharp for the stock market- it
would be the same for Forex.

Also : Dr. Alexander Elder's book: also talks about money management in his book called: Trading for a Living .

Basically increasing your position of 30-40 % of your current lot size once you
have a sound technique that you consistently follow through on.
But don't increase in lot size until you can consistently win.
Increasing position size on a less than 50% win strategy is only gambling and
eventually you WILL lose.
Hope this helps,
G.
  • #777
  • Dec 18, 2011 10:47am Dec 18, 2011 10:47am
Hi Sharp Traders,
Not sure if GCT is still around , but for those who are - I suggest
the following:
1- yes, this method still works. It works in time periods better than
others- some months the long term trends have played out , so the
price action (PA) does take a rest. Sometimes you can see that if
a lot of traders take the same entry at the same time the action
can show quicker swings and momentum.
2- So, remember the method works, but better at other times.
3- Never expect any system to work just for you at all times-
only an idiot would think that and deserves to lose money- hey
there is still some thinking required.
Remember that when the market is overextended in many time periods: week,
day, hour, etc- then you're more likely to have a swing in the other direction - to balance out the lopsided condition.
Hope this helps.
Cheers, G.
  • #778
  • Dec 23, 2011 2:45am Dec 23, 2011 2:45am
Morning folks !!

I have stumbled across this thread purely by chance and I have to say it has caught my attention. I use prorealtime through IG and was quite thrilled to find the code for probacktesting. However, has some have mentioned the optimization takes an eternity and no matter how hard I look I can't find an updated code (should there be one) which overcomes this problem. Would someone be kind enough to provide all the current information one needs to trial this system.

Thanks to all you guys who work so hard for us mere mortals who have not a clue how to code, especially GCTrader.

s2m
  • #779
  • Last Post: Mar 10, 2012 12:59pm Mar 10, 2012 12:59pm
Quoting saidtomuch
Morning folks !!

I have stumbled across this thread purely by chance and I have to say it has caught my attention. I use prorealtime through IG and was quite thrilled to find the code for probacktesting. However, has some have mentioned the optimization takes an eternity and no matter how hard I look I can't find an updated code (should there be one) which overcomes this problem. Would someone be kind enough to provide all the current information one needs to trial this system.

Thanks to all you guys who work so hard for us mere mortals who have...
I have the same problem. Cannot optimise!
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