I'm actually going to program the visual rainbow BB squeeze as a custom indicator, because now with my optimisations of GCT's initial default parameters, the BB period is going to periodically change - for example right now a BB period of 17 is more ...

Pivot Point Squeeze, high probability system

For the first section ... you'll need to add 2 more user INDICATOR PARAMETERS, in the same fashion you entered the first couple. These should be BBP and sample (Name Used In Program). The default value can be BBP=18 and Sample 38 ... although good ...

Pivot Point Squeeze, high probability system

Hey Douggy ... not exactly . We do know 'almost' exactly what the AVERAGE loss will be, because we decide that in advance. We trade with a set stop loss, in this case 42 pips. The only variation to this is that it is 'PP snapped' so it could ...

Pivot Point Squeeze, high probability system

Interesting how we look at this and certainly no disrespect to GCT. Certainly the 4mth backtest gives a profit:loss ratio of 6.59 which is extraordinary in anybody's circle (normally anything between 1.2 and 2.0 is considered good). However, the ...

Pivot Point Squeeze, high probability system

I tried the full 24hr period for you, just over the last 4 months. The profit went down slightly, butt the success % went down quite a bit - I imagine there are too many news releases during this period which activiate the entry trigger on ...

Pivot Point Squeeze, high probability system

The 125,000 is only an arbitrary figure, to make some of the results give me a relatively accurate 'return on investment' % figure. However, the difference in equity is what you're needing to be looking at, as this is actually the accurate POINTs ...

Pivot Point Squeeze, high probability system

I've done a 4 year backtest (EUR/JPY 1H) and got the following results for the equity curve. The first pic was with a shorter main BB period (16) and a shorter trigger line sample period (33). The second pic was with a longer main BB period (20) and ...

Pivot Point Squeeze, high probability system

Yes, my auto backtesting used PP's for exit levels and stop levels, but not for entry levels. It's pretty much as per GCT's system, with a few tweeks. Don't worry about the manual testing for now, I'm still ironing some bugs out of the code (there ...

Pivot Point Squeeze, high probability system

Can some of you please do some manual backtesting for this system on the EUR/JPY for the period 26th Nov'07 til 16th Dec'07 (1 hour chart)? I've done some optimisations and have used some best fit parameters, but my auto results show many losing ...

Pivot Point Squeeze, high probability system

I believe it is a 2 week suspension due to posting a commerical link ... but also no doubt a very innocent mistake by GCT I'm sure. Hopefully, some leniancy will prevail here from the powers to be, as although this is one of the most professional ...

Pivot Point Squeeze, high probability system

For those members finding they are getting a flat line on the trade entry/exit trgger indicator with any curreny pair other than EUR/JPY, it is because the JPY pairs are expressed in 2 decimal places, whilst all other pairs are expressed as 4 ...

Pivot Point Squeeze, high probability system

Ah - couple of things just clicked why some members may be having trouble getting the indicator to work correctly ... it could perhaps be due to confusion. I see you've got 'trigger' defined twice, for 2 different purposes. In the SQUEEZE indicator, ...

Pivot Point Squeeze, high probability system

Thanks GCT, Couple of questions here: 1) Any mechanical reason why you would not have taken that LONG trade earlier at about 23:30? I know it was just shy of the PP, but that would have been a discretionary 'no trade'. I'm presuming that by the ...

Pivot Point Squeeze, high probability system

Hi GCT, I note in 2 versions of this code you have L=(lowest[period] or L=(lowest[SAMPLE] ... I'm presuming the 'period' or 'SAMPLE' should actually be replaced with a figure, or an assigned variable, but I cannot locate either. Can you please ...

Pivot Point Squeeze, high probability system

Hi CGT, Thanks for your reply re the entry clarification (and I look forward to the other when you have the chance, thanks). Back in post #306, you posted this chart ... I'm wondering why the LONG trade didn't show an entry indication about 4 bars ...

Pivot Point Squeeze, high probability system

Just a clarification sought ... for entry does the squeeze histogram indicator need to physically break from below the trigger line to above the trigger line, or simply be below the trigger line and start to increase from a minimum (ie. entering the ...

Pivot Point Squeeze, high probability system

Hi GCT ... I didn't realise you were in Australia too. I'm the guy MACDoug spoke about and am finally starting some PRT programming of your system and indicators, along with some enhancements hopefully (from my prior PRT systems). Could you please ...

Pivot Point Squeeze, high probability system

Hey GCT, Got to agree with an earlier post (as I'm a little confused here) ... you mention using the MACD to choose your direction of trade, yet I do not see it on your charts. Can you please confirm the application of MACD in your system, thanks. ...

Pivot Point Squeeze, high probability system

MACDoug has referred me to this system and I'll jump on board and take a look as soon as I get the chance. For those wondering about backtesting on a 1H timeframe, I alwys programme in code which logicaly predicts what the price action was within ...

Pivot Point Squeeze, high probability system

Herbert, You wanted to talk more about programming an EA or backtest I beleive. Please drop me another private message and please include your regular eMail address and I'll get back to you later next week via normal eMail, so we can talk some more ...

Strategy to take safe pips every day