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- GCTrader1 replied Dec 23, 2007
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 ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 23, 2007
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?
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
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 ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
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
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
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
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
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
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
Jon, There does seem to be a correlation between an increase of volume at a signal and fewer fake-outs. I have just wrote another code to include this volume and take it into account. Looking good so far, but as always, code can be a grind to ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
Did someone say volume is out??? Volume we have, if you pay... image 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 ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 22, 2007
Or cut it all down and have it simple! Yellow is first TP, Blue is the second TP... Work in progress
Pivot Point Squeeze, high probability systemimage
- GCTrader1 replied Dec 22, 2007
Dont ask why im still up, my god i need sleep! More code for everyone. This auto updates your TP levels on the main chart so you can keep an eye on how much money your making. lol
Pivot Point Squeeze, high probability systemTPAUTOADJUSTBETA ...
- GCTrader1 replied Dec 22, 2007
Hey Nightpipper, Way ahead of ya mate, already started coding weeks ago but finding it alot more difficult to code a trading plan that is as profitable as the squeeze. The squeeze is a lot clearer than the reverse squeeze, or expansion. The problem ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
Tight stops is a bad idea, learnt through tears. Glad your making pips Joey! I missed it too Guess! Omar check out this post url This should set you straight GCTrader
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
Going on what I have seen now with my auto updating trigger, it is a necessity! Your a champion alexish, thanks for putting in the time. Im sure every one is depositing donations into your account as we speak!
Pivot Point Squeeze, high probability systemTake care, GCTrader
- GCTrader1 replied Dec 21, 2007
Correct, the charting package I use comes with IGMarkets but they get them from prorealtime. This charting package from them is more comprehensive with sms alerts, mobile trading and years and years of data. But you do have to pay for that. The ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
Yes, its supposed to be period like in the picturebook. You can change the way your indicator looks by selecting chart type as histogram. Looks like its working tho! What a day yesterday! The system really showed us what its made of!
Pivot Point Squeeze, high probability systemGCTrader
- GCTrader1 replied Dec 21, 2007
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, ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
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
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
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 ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
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 ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Dec 21, 2007
Its like its raining pips! lol, 2 more tp's hit! Nice end to the week! lol Santa is bringing me pips for christmas! I hope I have helped some of you make some nice cashola for the holidays. Talk soon! GCTrader
Pivot Point Squeeze, high probability system