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Jackson Zones Trading

  • #1
  • First Post: Edited Nov 19, 2019 5:08pm Nov 15, 2019 3:44am | Edited Nov 19, 2019 5:08pm
In the TMA thread: https://www.forexfactory.com/showthread.php?t=922947
by chance I mentioned the "Jackson Zones" and posted some indicators that I programmed about ten years ago.

Quote
Here have you the informations: http://www.fibonaccitrader.com/

More information on High Probability Fibonacci Zones
http://www.fibonaccitrader.com/HELP4...acci_zones.htm

and how to use these zones is explained on the Fibonacci Trader Journal # 14
http://www.fibonaccitrader.com/journals/FTJ14.pdf

Later I will write more in this #Post 1.
Please the users who have interest for JZ to post here comments or current trades.

Please do not ask questions about JZ, and first read the documentation on the internet.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily-JacksonZones.png Size: 35 KB

(I think I have to check the formulas so that the Arrows match the lines, or vice versa ...!)
The "Pivots" indicator (Arrows) needs to be developed further.
Attached File(s)
File Type: ex4 smNewPA_Pivots_v2.0.ex4   43 KB | 778 downloads
File Type: ex4 smNewPA_PivotZones_v2.0.ex4   32 KB | 773 downloads
File Type: mq4 fibo_zone.mq4   3 KB | 905 downloads
  • #2
  • Nov 16, 2019 5:05am Nov 16, 2019 5:05am
Great!!!!

This is Indicator to plot Jackson Zone on chart...
Attached File(s)
File Type: ex4 hpfz.ex4   14 KB | 967 downloads
  • #3
  • Nov 16, 2019 5:28am Nov 16, 2019 5:28am
I try ver2 but the "bug" is stil present: on M15 matrix is different from right one D1 chart....

Tnx u for your great work to improve this system
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 39 KB
  • #4
  • Nov 16, 2019 8:59am Nov 16, 2019 8:59am
VERY IMPORTANT:

On the opening of each day the Zone Matrix will display the probabilities for that day. Some days there will be useful opportunities and other days there will be none.
It is important that you use these High Probabilities Fibonacci Zones in combination with other technical tools and not as a stand alone trading plan.
Because it is not a technical tool in the normal sense of the word, combining the Fibonacci Zone Analysis with other technical tolls can highlight opportunities not really visible by themselves.
Actually it is a statistical analysis of zone pattern probabilities based on comparing yesterday's close and today's open.
This tends to display potentially profitable trading situations, by answering 3 questions.
1. How often will prices reach a specific zone.
2. If prices reach a higher zone, how often will that be the high zone for that day.
3. If prices reach a lower zone, how often will that be the low zone of the day.
Definition of resistance : Zone 1 to 5 is the higher zone for the day. Since for zone 6 there is no upper boundary, resistance for zone 6 is defined as prices breaking to close in a lower zone.
Definition of support : Zone 2 to 6 is the lower zone for the day. Since for zone 1 there is no lower boundary, support for zone 1 is defined as prices breaking to close in a higher zone.
  • #5
  • Nov 16, 2019 3:27pm Nov 16, 2019 3:27pm
Hi swingman,
Thank you for another interesting idea and great tools.
MTF shadow candles may help.
See if any of these work for you.
All the best,
John
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
Attached File(s)
File Type: ex4 CustomCandle.ex4   10 KB | 566 downloads
File Type: mq4 CustomCandle.mq4   8 KB | 574 downloads
File Type: ex4 CustomCandles - any tmf v1.ex4   22 KB | 594 downloads
File Type: mq4 CustomCandles - any tmf v1.mq4   9 KB | 625 downloads
File Type: ex4 customcandlesmtfv2.ex4   21 KB | 552 downloads
File Type: mq4 customcandlesmtfv2.mq4   9 KB | 649 downloads
Perfidious Pips
  • #6
  • Nov 17, 2019 4:51am Nov 17, 2019 4:51am
Quoting MQLTrade
I try ver2 but the "bug" is stil present: on M15 matrix is different from right one D1 chart.... ...
I hope you are satisfied now!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-JZ-PivotsAndZones.PNG Size: 59 KB


Please test the new indicators, maybe there are still bugs in it.
Attached File(s)
File Type: ex4 smNewPA FloorPivots_v1.2.ex4   18 KB | 728 downloads
File Type: ex4 smNewPA_JacksonZones_v2.1.ex4   35 KB | 748 downloads
  • #7
  • Nov 17, 2019 6:29am Nov 17, 2019 6:29am
Hi Swingman
Yet again another Indicator that makes us think. I have dug my old (High Probability Fibonacci Zone Analysis) material out by Robert Krausz and I think there are a couple more levels that could be added to make it even more interesting. ?
Dave
I have cheated a little to get what I think are the extra levels by over laying a normal Fib Pivot (Nostromo Pivots) so not to sure if it is absolutely correct
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 83 KB
Click to Enlarge Name: GBPUSDM15a.png Size: 84 KB
Click to Enlarge Name: GBPUSDM15b.png Size: 93 KB
  • #8
  • Nov 17, 2019 6:39am Nov 17, 2019 6:39am
I wanna know this indicator pleaase info
Attached Image (click to enlarge)
Click to Enlarge Name: received_612781779258914.png Size: 46 KB
  • #9
  • Nov 17, 2019 8:04am Nov 17, 2019 8:04am
Quoting OAPDave
...Yet again another Indicator that makes us think. I have dug my old (High Probability Fibonacci Zone Analysis) material out by Robert Krausz and I think there are a couple more levels that could be added to make it even more interesting...
Of course there are several types of pivots: Floor, Fibonacci, Merill etc., and for all, one can calculate the zones like "Jackson".
Additional levels would probably be needed if one wants to better trade countertrends.

Here is an example with areas drawn between Floor and Fibonacci pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 31 KB
  • #10
  • Nov 17, 2019 2:17pm Nov 17, 2019 2:17pm
Great Boss! Now OPEN & CLOSE are right....but there are little differences on %.....see picture below
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 37 KB
  • #11
  • Nov 17, 2019 3:21pm Nov 17, 2019 3:21pm
Quoting MQLTrade
Great Boss! Now OPEN & CLOSE are right....but there are little differences on %.....see picture below
Now I do not want to analyze the code that I made ten years ago ... maybe later.

The explanation is very simple ...
You have 162-D1-bars and 251-H1-bars in the statistic analysis, and it's normal to result different percentages.

I have better data than you, and the number of days analyzed is identical, and so are the percentages. Alright ...?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-BarsNumber.PNG Size: 64 KB

OK, that was a joke !
Here are the charts for NZDJPY - with different numbers of days and percentages on the first loading.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY-BarsNumber.PNG Size: 65 KB

After an update (another pair and then back) the values are identical.
You have to find out for yourself, I have no idea if, how or why that works with the update.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY-BarsNumber-2.PNG Size: 58 KB
Attached File(s)
File Type: mq4 smNewPA NumberOfBars.mq4   2 KB | 640 downloads
  • #12
  • Nov 17, 2019 3:40pm Nov 17, 2019 3:40pm
I try to know how to have the same bar number on different TF

Tnx u so much for your great work!!! A new trading is starting....let's try this system
  • #13
  • Nov 18, 2019 3:59am Nov 18, 2019 3:59am
New version "smNewPA FloorPivots_v1.3"

- The calculation of the Floor Pivots was not correct
- The calculation for the current weekday monday was not correct
(too bad that no one has noticed this!)

For the JacksonZones Matrix, I made only minor changes in the source code.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1-JacksonZones.PNG Size: 63 KB
Attached File(s)
File Type: ex4 smNewPA FloorPivots_v1.3.ex4   18 KB | 749 downloads
File Type: ex4 smNewPA_JacksonZones_v2.2.ex4   32 KB | 861 downloads
  • #14
  • Nov 18, 2019 10:35am Nov 18, 2019 10:35am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 41 KB
  • #15
  • Nov 18, 2019 11:33am Nov 18, 2019 11:33am
Quoting MQLTrade


In #Post 11 I wrote:
Quote
After an update (another pair and then back) the values are identical.
You have to find out for yourself, I have no idea if, how or why that works with the update.

Because you did not update, please write 100 times "Update, Update, Update ..."
With me, too, were different values, and after the update looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-JacksonZones.PNG Size: 57 KB

One sees that after overcoming resistance zone 5, in zone 6 one can trade very well short.
  • #16
  • Nov 18, 2019 11:44am Nov 18, 2019 11:44am
Quoting SwingMan
{quote} In #Post 11 I wrote: {quote} Because you did not update, please write 100 times "Update, Update, Update ..." With me, too, were different values, and after the update looks like this: {image} One sees that after overcoming resistance zone 5, in zone 6 one can trade very well short.
Not for my Mt4...and i don't understand why........ my broker has Sunday bar, maybe this is the trouble??
  • #17
  • Nov 18, 2019 11:59am Nov 18, 2019 11:59am
Quoting MQLTrade
.... my broker has Sunday bar, maybe this is the trouble??
Certainly that is possible.

I took sunday into account, but one may still need to correct.
If you do not display the time scale in the chart, I can not see that.

Which broker is that?
  • #18
  • Nov 18, 2019 12:03pm Nov 18, 2019 12:03pm
Quoting SwingMan
{quote} Certainly that is possible. I took sunday into account, but one may still need to correct. If you do not display the time scale in the chart, I can not see that. Which broker is that?
Activtrades
  • #19
  • Nov 18, 2019 4:24pm Nov 18, 2019 4:24pm
New version "smNewPA FloorPivots_v3.0"

@MQLTrade, a version just for you, for a broker with sundays data.

One sees that the pivots and the zones were transferred from Friday (15.Nov) on Sunday (17.Nov), and the pivots were calculated on Monday with the Friday prices
(Please also check with other pivot indicators)

The Jackson Zones are a bit more complicated to correct. I'll try this, but maybe I'll have to wait until next monday ...
Attached Image
Attached File(s)
File Type: ex4 smNewPA FloorPivots_v3.0.ex4   21 KB | 738 downloads
  • #20
  • Nov 19, 2019 3:28am Nov 19, 2019 3:28am
Sometimes I follow the trades in other threads. In Pivot Trading, there was a question why one traded long.

With JacksonZones one notes:
after the open today in zone 3, one can go short until one reaches the support zone 2 (72%). Because the value is over 70, one can close the trade, and at the next signal go long. Very easy.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15-JacksonZones.png Size: 21 KB
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