Bolligner Band e/j 1hr system

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This is a system that was posted over at Forexfactory today.

It uses just bollingerbands and macd, but bactests over 90% winning trades for e/j 1 hr chart.

The link is here Pivot Point Squeeze, high probability system

I'll post the write-up the originator did.

The indicator is made for IT-Finance software, but I am posting it here in the hopes that someone can mimic it for MT4.

Files:
the_squeeze.doc  118 kb
 

Wow!

For sure will mess around with that this weekend.

Thanks Lepiricus.

 

18 trades in the last three months for the 1hr. eur/jpy...

but with only one loss that's plenty of trading.

 

OK, it's not perfect but at least a start.

Template file attached. Just add your favorite pivot indi.

Enjoy...

Files:
squeeze.gif  34 kb
the_squeeze.tpl  10 kb
 

Anyone can confirm it works nicely?

 
dxtrade:
OK, it's not perfect but at least a start.

Template file attached. Just add your favorite pivot indi.

Enjoy...

Thats beautiful Dxtrade, thanks!

I just need to figure out what that that bandwith histogram is all about.

 
lepiricus:
Thats beautiful Dxtrade, thanks! I just need to figure out what that that bandwith histogram is all about.

I added the Bollinger Squeeze and Bollinger bandwidth indicator from the elite section on the chart, but that doesn't really help. Giving the same direction as the MACD.

I just added the Stealth LCD Indi (here at TSD) for confirmation. But just to make it look nicer... same direction as the MACD as well.

Should be enough like it is.

I have my "OnlyPivot" Indicator on the same chart... thats a nice combination.

Try it

 

[attach]48287[/attach]

[attach]48288[/attach]

This may help

Thank a lot Lipiricus , Dxtrade

Files:
zorro_1.gif  63 kb
bbandwidthratio.mq4  3 kb
 

Makes sense.

What he is looking at is a squeeze going below 0.0056 before entering a trade.

If you drag the bandwith indi on the MACD it takes less space!

Files:
squeeze_1.gif  37 kb
 

BTW... interesting to see the huge difference between IBFX and FXDD on the chart. Two hours making a huge difference. IBFX wouldn't have the nice drop on Friday as the squeeze wasn't small enough.

 
dxtrade:
OK, it's not perfect but at least a start.

Template file attached. Just add your favorite pivot indi.

Enjoy...

Hi, dxtrade, thanks fot your template. its really helpful.

could u post your pivot indicator as well? it seems nice.

thank u again.

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