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  #1 (permalink)  
Old 11-23-2007, 04:08 PM
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Bolligner Band e/j 1hr system

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.
Attached Files
File Type: doc The Squeeze.doc (117.5 KB, 217 views)
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Old 11-23-2007, 07:32 PM
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Wow!
For sure will mess around with that this weekend.
Thanks Lepiricus.
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Old 11-23-2007, 07:39 PM
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18 trades in the last three months for the 1hr. eur/jpy...
but with only one loss that's plenty of trading.
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Old 11-24-2007, 02:20 AM
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OK, it's not perfect but at least a start.

Template file attached. Just add your favorite pivot indi.

Enjoy...
Attached Images
File Type: gif squeeze.gif (33.8 KB, 762 views)
Attached Files
File Type: tpl The Squeeze.tpl (9.1 KB, 160 views)
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Old 11-24-2007, 02:33 AM
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Anyone can confirm it works nicely?
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Old 11-24-2007, 02:50 AM
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Quote:
Originally Posted by dxtrade View Post
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.
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Old 11-24-2007, 04:17 AM
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Quote:
Originally Posted by lepiricus View Post
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
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Old 11-24-2007, 04:37 AM
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zorro.gif

BBandWidthRatio.mq4

This may help
Thank a lot Lipiricus , Dxtrade
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Old 11-24-2007, 04:56 AM
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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!
Attached Images
File Type: gif squeeze.gif (36.1 KB, 708 views)
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Happy Trading...

"Failure is only a temporary change in direction to set you straight for your next success."
"Winning is a habit. Unfortunately, so is losing."
"It’s so simple to be wise. Just think of something stupid to say and then don’t say it."

"Say what you mean, but don't say it mean!"
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Old 11-24-2007, 05:04 AM
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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.
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"Winning is a habit. Unfortunately, so is losing."
"It’s so simple to be wise. Just think of something stupid to say and then don’t say it."

"Say what you mean, but don't say it mean!"
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