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Hubert Senters’ Squeeze Play Strategy & TradeStation Code with Hubert Senters

Introduction to the Squeeze Play Strategy

The Squeeze Play Strategy is a powerful trading methodology developed by Hubert Senters, known for its effectiveness in pinpointing market opportunities. In this article, we’ll delve into the nuances of the Squeeze Play Strategy, explore its components, and discuss how to implement it using TradeStation’s advanced trading platform.

Understanding the Squeeze Play Strategy

What is the Squeeze Play Strategy?

The Squeeze Play Strategy focuses on the concept of volatility contraction and expansion. It’s built on the premise that before a significant price movement, the market often enters a period of low volatility, forming a ‘squeeze.’

Key Components of the Strategy

1. Bollinger Bands: These are used to measure market volatility. When the bands tighten, it signifies a potential squeeze.
2. Keltner Channels: This indicator is used to determine the trading range. A squeeze is typically indicated when the Bollinger Bands fall within the Keltner Channels.

How Does the Strategy Work?

The essence of the Squeeze Play Strategy lies in identifying the points of ‘squeeze,’ where the market is poised for a breakout. Traders look for scenarios where the Bollinger Bands are inside the Keltner Channels, signaling lower volatility and setting the stage for a potential price explosion.

Implementing the Strategy in TradeStation

Getting Started with TradeStation

TradeStation is a preferred platform for many traders due to its robust, feature-rich environment. To implement the Squeeze Play Strategy effectively, traders need to configure both Bollinger Bands and Keltner Channels on their TradeStation charts.

Step-by-Step Setup

1. Open TradeStation: Start by launching the platform and selecting the appropriate market chart.
2. Add Bollinger Bands: Configure the bands to a standard deviation setting of 2.
3. Add Keltner Channels: Set the channels with a multiplier typically around 1.5 times the Average True Range.

Reading the Signals

A ‘squeeze’ is identified when the Bollinger Bands contract within the Keltner Channels. This contraction indicates a potential explosive move once the bands begin to expand, providing a clear signal for either a long or short position based on the direction of the breakout.

Hubert Senters’ TradeStation Code

Understanding the Code

Hubert Senters has developed specific TradeStation code that automates the detection of squeezes, making it easier for traders to identify opportunities without manually scanning charts.

Features of the Code

• Automatic Detection: The code automatically highlights periods of low volatility.
• Alert System: Traders receive alerts when a squeeze is forming, allowing for timely decision-making.
• Customizable Parameters: Users can tweak the settings to suit their trading preferences.

How to Access and Use the Code

Accessing Hubert Senters’ TradeStation code involves visiting his official website or through direct contact with his trading community. Once obtained, traders can implement the code within their TradeStation environment by following detailed installation instructions provided.

Benefits of Using Squeeze Play Strategy

Advantages

• Timely Entry and Exit Points: The strategy provides clear signals for entering and exiting trades, reducing guesswork.
• Applicable Across Markets: This strategy is versatile and can be applied in various financial markets including stocks, forex, and commodities.
• Risk Management: By identifying precise entry points, traders can effectively manage risk with tighter stop losses.

Conclusion

Hubert Senters’ Squeeze Play Strategy offers a structured approach to trading that leverages market volatility for substantial gains. By integrating this strategy with TradeStation, traders can enhance their trading techniques and potentially increase their profitability.

FAQs 

1. What markets is the Squeeze Play Strategy most effective in?
   • It is effective in any market that exhibits volatility, including stocks, forex, and commodities.
2. How often do ‘squeezes’ occur in the market?
   • The frequency of squeezes varies by market conditions and volatility levels.
3. Is the Squeeze Play Strategy suitable for beginners?
   • While it requires some understanding of technical analysis, it is relatively straightforward and can be learned by beginners.
4. Can the strategy be automated on TradeStation?
   • Yes, with Hubert Senters’ custom code, the strategy can be fully automated on TradeStation.
5. Are there any risks associated with the Squeeze Play Strategy?
   • Like all trading strategies, there is a risk of loss, especially if trades are not managed properly in terms of stop losses and risk management strategies.