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Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 45 replies

The gg53 "Killing Zone"

I guess we're all still learning . I'm sure if we work together and put our minds to it we can all be as good as GG. I just hope my indi doesn't repaint because if it doesn't then it will keep us in trades much longer. Even it if allows a 1:2 risk reward the odds will be so much better for us. Here's hoping for a nice early xmas present. Should try and get some sleep now seeing as though I gotta be up at 7. Hopefully it'll be a green pips week for us all

Saf
Quoting sabrys5769
I thought about G's words during this week, he said that my trades (see post 1,246) are perfectly ok and ultra-safe, he said also that the Gadi_Trend tend to lag and if i want to be more aggressive i could ignore it. So this time i decided to change my mechanical approach and i choose to use only two indicators from the Gadi's menù: Gadi_TickVolume and Gadi_NormalizedVolume.


I took all the signals from our indicators, but to be a little more aggressive and always safe i decided to stay with the trend and to go long or short only if the Gadi_TickVolume...
Sabrina,

Do you trade the 08:00 bar/candle on H4 on it's close (i.e. 12:00) ?

G.
Quoting safsyed
Every opinions, constructive comments and especially suggestions will be highly appreciated,.. would you like to add some indicators from our menù (apart the Gadi_trend)? If yes which is and how? Would you like to add some filter? G has already suggested to avoid entry if there is a 3 times large bar and when the signal develops in the “killing zone”, any other idea? I am all ears.....


ok let's go...

Pairs: EURUSD

Timeframe: H4

Broker: Activtrades GMT+1

Entry: when both Gadi_TickVolume and Gadi_NormalizedVolume are blue for...

Very good results there Sabrina. If you dont mind i'd like to throw in my opinion. I've been looking at gadi since GG introduced us to his indicators. Big thank you to GG for that and also Jusiur for opening the thread. Don't forget that when we backtest the indicators the results are good. Most things are, in hindsight, however like many people here i'm still not convinced about the gadi normalized indi. Only because whilst i've been forward testing them they can start a white and then change to either blue or red depending on the direction of the candle. So we are not 100% sure that it will go in our direction. Personally i've removed it off my chart and i'm going to forward test gadi tick volume and OBV. I will post my findings this week on a live micro account. Hopefully we can all help each other improve our results.

Saf[/quote]

Saf,

None of my indies repaint.
The Gadi_NormalizedVolume behaviour is by design. It will show you current bar situation until it's closed.
The color on the top is the one that is relevant to it's closed status.

G.
Quoting sabrys5769
I thought about G's words during this week, he said that my trades (see post 1,246) are perfectly ok and ultra-safe, he said also that the Gadi_Trend tend to lag and if i want to be more aggressive i could ignore it. So this time i decided to change my mechanical approach and i choose to use only two indicators from the Gadi's menù: Gadi_TickVolume and Gadi_NormalizedVolume.


I took all the signals from our indicators, but to be a little more aggressive and always safe i decided to stay with the trend and to go long or short only if the Gadi_TickVolume...
Sabrina,

As I suspected, some of your trades leads us to lesson #1 - The "Killing Zone"...
Reduce your H4 trades at 08:00 to a lower TF, i.e. H1, and check the "Killing Zone".
I took a snapshot of just one of them - the 25.9.2012 @ 08:00 - and you shouldn't take that trade.
Instead, if you took the "Killing Zone" -Asian breakout - you could easilly make more than +30 pips on the breakout, instead of loosing it.
That trade lasted till 13:00 that day.

On the other side breakout you had another +30 pips awaiting for you... Ouch !
See attached chart.

The number 1 and #1 and most important lesson - Never, Ever, trade a "Killing Zone" !!!
I don't know how many exclamation marks I should put here on this subject...

If you are asking about "filters" - that's the most important one.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: sabry_kz.gif Size: 29 KB
Quoting gg53
BlackStack,

If I understand you correctly - that's what others are complaining about the behaviour of this indicator.
It shows you, on the same bar, the progression of the volume with it's closing color on top and below that is the color of what happens before that - in a proportional manner.
From what I hear - people don't like that - they want one solid color per bar.

If I understand correctly - you want the H1 bar, for example, to consist of 4 M15 "sections" - each one with it's own closing color.
Is that right?

G.
Yes, each 15 minute section with it's own closing colour. It might be smoother though if the hour period is calculated from the 3 previous time periods plus the current one, instead of always starting the hour period at the start of a clock hour. I'm not sure which way is better.

I think people may still complain, because the colours might jump back and forth between red and blue and not stay in a consistant trend for very long. However, it will be more accurate that way.
Quoting sabrys5769
I thought about G's words during this week, he said that my trades (see post 1,246) are perfectly ok and ultra-safe, he said also that the Gadi_Trend tend to lag and if i want to be more aggressive i could ignore it. So this time i decided to change my mechanical approach and i choose to use only two indicators from the Gadi's menù: Gadi_TickVolume and Gadi_NormalizedVolume.


I took all the signals from our indicators, but to be a little more aggressive and always safe i decided to stay with the trend and to go long or short only if the Gadi_TickVolume...
Sabrina,

Besides the Killing Zone issue, there is another indicator that I recommend consulting with - It's Gadi_Currencies Diff version.
You should trade when currencies start to converge or diverge from one another(coming closer or departing from one another).
And preferably from the other sides of the 0 line.

See attached chart:
#1 - good trade - EUR coming down & USD going up
#2 - good trade - USD coming down & EUR going up
#3 - your 25.9.2012 08:00 trade - No distance, both below zero (both weak), USD flat
#4 - good trade - USD going up & EUR going down (below 0).

The Diff will show you the distance and direction.

I hope it's clear enough.
Certainly a valuable indicator to your arsenal on your way to become a wonder woman.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: sabri_currencies.gif Size: 35 KB
I know none of your indis repaint GG. Thats the beauty of them. But i'm still struggling to use only the normalized indi. Im worried about the indicator I have which will keep us in a trade in order to maximise profit or atleast improve the r:r. I want to test this new indicator this week and then hopefully show you my findings.

Saf
Quoting safsyed
I know none of your indis repaint GG. Thats the beauty of them. But i'm still struggling to use only the normalized indi. Im worried about the indicator I have which will keep us in a trade in order to maximise profit or atleast improve the r:r. I want to test this new indicator this week and then hopefully show you my findings.

Saf
Saf,

Great. Looking forward to it.
If you have suggestion about how to treat the Gadi_NormalizedVolume currently open bar - I'll be happy to hear.

G.
G i'm really not sure how we could impove it. The only thing I can think of is if we got rid of the white bars and purely went off red and blue. But like you said we can find out if price is consolidating if we have an x amount of white bars in a row. I'll look into it and see if I figure something out. But dont take my word for it, im just a noob ....
Must get some sleep now. Got some interesting things to test out. Thanks G for paving the way. Appreciate it.

Saf
Quoting gg53
Sabrina,

Do you trade the 08:00 bar/candle on H4 on it's close (i.e. 12:00) ?

G.
yes, i watch my charts every 4 hours 08:00-12:00-16:00-20:00-00:00-04:00
Quoting gg53
Sabrina,

As I suspected, some of your trades leads us to lesson #1 - The "Killing Zone"...
Reduce your H4 trades at 08:00 to a lower TF, i.e. H1, and check the "Killing Zone".
I took a snapshot of just one of them - the 25.9.2012 @ 08:00 - and you shouldn't take that trade.
Instead, if you took the "Killing Zone" -Asian breakout - you could easilly make more than +30 pips on the breakout, instead of loosing it.
That trade lasted till 13:00 that day.

On the other side breakout you had another +30 pips awaiting for you... Ouch !
See attached...
G,

the lesson #1 is really clear... i will introduce it in my next "homework", about to reduce my H4 trades to a lower tf and wait for the "killing zone" breakout.. it is a very good idea but unfortunately i can not....

About the Gadi_CurrenciesDiff i will look at your post deeply this evening....because how it works is not so clear to me.


Sabrina
Personally I find the 1h and 4h to be the best with the indicators. I've been using SSBODB also just to show the consolidation or killing zones visually with ease and have lately been finding some good success with following Sabrina's method and also taking trades that break out of the zones.

I've used 40 pips by 12 bars to be ok.

I have found it best to always watch the lower time frames however, though I'm never sure how far down is the best to go!
Quoting Visari
Personally I find the 1h and 4h to be the best with the indicators. I've been using SSBODB also just to show the consolidation or killing zones visually with ease and have lately been finding some good success with following Sabrina's method and also taking trades that break out of the zones.

I've used 40 pips by 12 bars to be ok.

I have found it best to always watch the lower time frames however, though I'm never sure how far down is the best to go!
Visari,

We're using the system of "color matching" with H4/H1/M15.
I'm currently working on M1 system, based on volume, I'll post rules/results within 2 weeks.

I don't understand your 40x12 remark. Please elaborate.

I mentioned the SSOBODB brekout link and technique because of Gadi_OBV.
If you draw their price lines on Gadi_OBV - and trade the Gadi_OBV breakout - you will eliminate most of their system false signals and most of their losses.

G.
Quoting sabrys5769
G,

the lesson #1 is really clear... i will introduce it in my next "homework", about to reduce my H4 trades to a lower tf and wait for the "killing zone" breakout.. it is a very good idea but unfortunately i can not....

About the Gadi_CurrenciesDiff i will look at your post deeply this evening....because how it works is not so clear to me.


Sabrina
Sabrina,

If you find, on a lower TF, a potential Killing Zone, just don't take that trade. It will do wonders to your DD and risk/reward ratios.
Later on I'll write a script that will allow you to enter the Upper/Lower channel values - and it will execute the trade for you on breakout - so you don't have to watch the screen or be around it.

As to Gadi_Currencies Diff usage - highly recommended, when I'm traveling and only have a Smartphone - I trade based only on this little gizmo.


G.
Quoting gg53
Sabrina,

If you find, on a lower TF, a potential Killing Zone, just don't take that trade. It will do wonders to your DD and risk/reward ratios.
Later on I'll write a script that will allow you to enter the Upper/Lower channel values - and it will execute the trade for you on breakout - so you don't have to watch the screen or be around it.

As to Gadi_Currencies Diff usage - highly recommended, when I'm traveling and only have a Smartphone - I trade based only on this little gizmo.


G.
wow... it would be great to have that script...

About The Gadi_Currencies Diff usage i'm watching it now on my charts... I've never used it but it looks really interesting if combined with the other indicators.

Sabrina
What do the gadi_obv channel start/stop options stand for? Is this the Asian session or something else?
Thoughts are things
Quoting Quezoy
What do the gadi_obv channel start/stop options stand for? Is this the Asian session or something else?

During the Asian session the market tends to be less volatile. As G points out its when Frankfurt and London open that the market players come in and volatility increases. The Gadi_obv channel marks the time from the Asian market to when the Frankfurt market opens. We look for a break out of the channels as our entry. But take into account i'm just a noob so i'm sure we should wait for G to make his comment.

Saf
Quoting sabrys5769
wow... it would be great to have that script...

About The Gadi_Currencies Diff usage i'm watching it now on my charts... I've never used it but it looks really interesting if combined with the other indicators.

Sabrina
after looking at my charts for some time I have to correct myself.. the Gadi_currencies Diff is not interesting if combined with the other
indicators, but as it is... it anticipates the movement most of the time... now i understand why you can trade based only on this little "gadget".

Sabrina
Ok, then I need to adjust it for 1 hour. Tnx.

btw. Is anyone tradng this system successfully?
Thoughts are things
Quoting sabrys5769
after looking at my charts for some time I have to correct myself.. the Gadi_currencies Diff is not interesting if combined with the other
indicators, but as it is... it anticipates the movement most of the time... now i understand why you can trade based only on this little "gadget".

Sabrina
Not to piss on your parade, but there are many indicators out there, which weigh currencies one against the other and it not that simple to trade as it looks.
Unfortunately.
Thoughts are things
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