My comments on the EA (Killing Zone EA v1.03) :
Thanks Dewey McG (http://www.forexfactory.com/dewey*mcg)& CHJungen (http://www.forexfactory.com/chjungen) for your contribution.
But since your entries are based on PRICE and mine are on VOLUME - there is some differences between how I trade the "breakout" and the EA way of doing it.
So, in order to find some compromise and maintain the logic of "Session Breakout" I suggest the following:
1. Using Gadi_OBV channel, find the CLOSE of the last bar that correspond to channel UPPER bound.
2. Add 3 pips from that CLOSE and draw a horizontal line on the price chart.
3. Using Gadi_OBV channel, find the CLOSE of the last bar that correspond to channel LOWER bound.
4. Subtract 3 pips from that CLOSE and draw a horizontal line on the price chart.
Now we have two horizontal lines on the price chart, drawn AFTER the channel end.
Enter LONG: when the horizontal line is broken upward from below, initial TP 6 pips.
Enter SHORT: when the horizontal line is broken downward from above, initial TP 6 pips.
We will "play" with TP, SL and TrailingStop when this baby is profitable...
G.
Thanks Dewey McG (http://www.forexfactory.com/dewey*mcg)& CHJungen (http://www.forexfactory.com/chjungen) for your contribution.
But since your entries are based on PRICE and mine are on VOLUME - there is some differences between how I trade the "breakout" and the EA way of doing it.
So, in order to find some compromise and maintain the logic of "Session Breakout" I suggest the following:
1. Using Gadi_OBV channel, find the CLOSE of the last bar that correspond to channel UPPER bound.
2. Add 3 pips from that CLOSE and draw a horizontal line on the price chart.
3. Using Gadi_OBV channel, find the CLOSE of the last bar that correspond to channel LOWER bound.
4. Subtract 3 pips from that CLOSE and draw a horizontal line on the price chart.
Now we have two horizontal lines on the price chart, drawn AFTER the channel end.
Enter LONG: when the horizontal line is broken upward from below, initial TP 6 pips.
Enter SHORT: when the horizontal line is broken downward from above, initial TP 6 pips.
We will "play" with TP, SL and TrailingStop when this baby is profitable...
G.