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Jackson Zones Trading

  • #41
  • Dec 12, 2019 6:18am Dec 12, 2019 6:18am
Quoting Vicente
[quote = SwingMan; 12629954] {quote} Imprima y lea la información en los enlaces publicados. Aquí tiene todas las explicaciones originales, no tenía nada más: http://www.fibonaccitrader.com/HELP40/FT_Tools/high_probability_fibonacci_zones.htm. En esta matriz de hoy veo en las estadísticas las 481 barras correctas para C3-O3. A la izquierda veo en la zona 3 481 barras, a la derecha 100% alcanzado A la izquierda, veo 418 barras en la zona 4, a la derecha...
...sell until we reach the lowest at the support... or until we reach the higgest ''reached%'' under the sell position ?
  • #42
  • Dec 12, 2019 6:29am Dec 12, 2019 6:29am
Attached Image


Dear Swingman, thank you for your indicators, its always interesting !
I have a question on the following image we see that we are in area 4.
We have a nearest support at area 3 which is not so strong 66% but reached 84% of the time.
We have also a resistance in area 5 which is stronger 75 but only reached 53% of the time.
Does it mean from your experience that we have more chances of having a price getting lower to follow the higgest probability ?
Best
  • #43
  • Dec 12, 2019 7:39am Dec 12, 2019 7:39am
Quoting rosalieone
...Dear Swingman, thank you for your indicators, its always interesting ! I have a question on the following image we see that we are in area 4. We have a nearest support at area 3 which is not so strong 66% but reached 84% of the time. We have also a resistance in area 5 which is stronger 75 but only reached 53% of the time. Does it mean from your experience that we have more chances of having a price getting lower to follow the higgest probability ?
I only programmed the calculation of the values, everything else should be read in the documentation, and there is not much ...

When you analyze the zones, you first have to know what I have calculated ...
- Achieved zone means that e.g. the High of a bar that reached zone 5.
- Resistance zone means that e.g. the Close of a bar that reaches zone 5.
(It's a small but important distinction ...)

I can not say much about how the values can be interpreted, because Jackson also recommends to use other indicators (RSI, Ergodic, CCI, MACD etc.).

My observations say that you should not use the zones as target zones (as you write), but as start zones.
Generally, if from the initial zone the prices exceed two zones (2+2=4, 3+2=5, 4+2=6 etc.) one can trade short with large confidence (tight SL).

In your example, if you wait that from zone 4 prices reach zone 5, and even better zone 6, trust for short trades! This was e.g. at 10.dec. the case for GBPUSD-M15.
Attached Image
  • #44
  • Dec 19, 2019 12:48am Dec 19, 2019 12:48am
Quoting rosalieone
{image} Dear Swingman, thank you for your indicators, its always interesting ! I have a question on the following image we see that we are in area 4. We have a nearest support at area 3 which is not so strong 66% but reached 84% of the time. We have also a resistance in area 5 which is stronger 75 but only reached 53% of the time. Does it mean from your experience that we have more chances of having a price getting lower to follow the higgest probability ? Best
I subscribed and sent a PM do you use PM's

Kind regards
Ben
  • #45
  • Edited 5:30pm Dec 22, 2019 5:11pm | Edited 5:30pm
Quoting rosalieone
{image} Dear Swingman, thank you for your indicators, its always interesting ! I have a question on the following image we see that we are in area 4. We have a nearest support at area 3 which is not so strong 66% but reached 84% of the time. We have also a resistance in area 5 which is stronger 75 but only reached 53% of the time. Does it mean from your experience that we have more chances of having a price getting lower to follow the higgest probability ? Best
Hi Rosaliene,
Could you please post the chart for the above zone references in Post 42, it would help to better understand the zone trading, apart from simply trying to interpret the % levels, as MQLTrade said in post 4, Zone Trading is not a stand alone system, other indicators were to be considered when interpreting the different levels, and I am trying to understand the system.

Kind regards
Ben
  • #46
  • Dec 22, 2019 10:17pm Dec 22, 2019 10:17pm
In neighboring zones, the probability of return is greater than 50%. Good deals do not respect probability.
Please excuse the bad English via Google Translate.
  • #47
  • Feb 3, 2020 9:34am Feb 3, 2020 9:34am
Dear Swingman,
I cant stop coming back to your Jackson zone and FloorPivots indis.
Two questions, for the following CADCHF should the open not be in area 3 ?
In order to check other days would it be possible to have an option to go back in history for example ''N'' days to have the numbers at that time
In any case thank for these indis, they are really interesting.
Best
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-02-03_1622.png Size: 32 KB
  • #48
  • Feb 3, 2020 9:51am Feb 3, 2020 9:51am
Quoting rosalieone
Dear Swingman, I cant stop coming back to your Jackson zone and FloorPivots indis. Two questions, for the following CADCHF should the open not be in area 3 ? In order to check other days would it be possible to have an option to go back in history for example ''N'' days to have the numbers at that time In any case thank for these indis, they are really interesting. Best {image}

Of course, zone 3.
Maybe change the time frame a few times.
The statistics are calculated for all bars that are in the time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM15.png Size: 41 KB
  • #49
  • Feb 3, 2020 10:56am Feb 3, 2020 10:56am
Quoting SwingMan
{quote} Of course, zone 3. Maybe change the time frame a few times. The statistics are calculated for all bars that are in the time frame. {image}
Thanks. You mean if we go back 20 days the stats should be slightly the same ?
(on a Daily chart}
  • #50
  • Feb 4, 2020 3:58am Feb 4, 2020 3:58am
Quoting SwingMan
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. {image} {file} {file}
Thank you!
When back testing I found a problem when running the strategy tester:

Testing pass stopped due to a critical error in the EA
smNewPA FloorPivots_v1.3 DE30,H1: array out of range in 'smNewPA FloorPivots_v1.3.mq4' (134,48)

The same occurs with V3.0:
smNewPA FloorPivots_v3.0 EURUSD,H1: array out of range in 'smNewPA FloorPivots_v3.0.mq4' (147,48)
  • #51
  • Feb 7, 2020 4:00am Feb 7, 2020 4:00am
Quoting Go5
{quote} Thank you! When back testing I found a problem when running the strategy tester: Testing pass stopped due to a critical error in the EA smNewPA FloorPivots_v1.3 DE30,H1: array out of range in 'smNewPA FloorPivots_v1.3.mq4' (134,48) The same occurs with V3.0: smNewPA FloorPivots_v3.0 EURUSD,H1: array out of range in 'smNewPA FloorPivots_v3.0.mq4' (147,48)
- These are indicators, not EAs.

- You have probably taken a too large value for the parameter "NumOf_DailyBars" ...
Test for a smaller number of bars.

Here the corrected versions for such cases.
Attached File(s)
File Type: ex4 smNewPA FloorPivots_v1.3.ex4   18 KB | 460 downloads
File Type: ex4 smNewPA FloorPivots_v3.0.ex4   20 KB | 430 downloads
  • #52
  • Feb 7, 2020 5:04am Feb 7, 2020 5:04am
Quoting SwingMan
{quote} - These are indicators, not EAs. - You have probably taken a too large value for the parameter "NumOf_DailyBars" ... Test for a smaller number of bars. Here the corrected versions for such cases. {file} {file}
Thanks, yes I meant indicator. I did not change any parameter when trying with the strategy tester.
It only prints the 6 numbers and then stops...
  • #53
  • Mar 8, 2020 11:30am Mar 8, 2020 11:30am
Can someone tells me if everything is correct because there are not many bars in m15
Attached Image (click to enlarge)
Click to Enlarge Name: forexfac.JPG Size: 128 KB
  • #54
  • Apr 7, 2020 7:48am Apr 7, 2020 7:48am
Here the last version of Jackson Zones:
Attached File(s)
File Type: mq4 smNewPA_JacksonZones_v2.2.mq4   51 KB | 739 downloads
  • #55
  • Apr 8, 2020 10:21am Apr 8, 2020 10:21am
sm,
awesome indicator !
thanks a lot.
  • #56
  • Apr 8, 2020 12:13pm Apr 8, 2020 12:13pm
Quoting corsican
sm, awesome indicator ! thanks a lot.
How do you trade with the indicator?
Please excuse the bad English via Google Translate.
  • #57
  • Apr 8, 2020 10:03pm Apr 8, 2020 10:03pm
[quote = SwingMan; 12862894] Aquí la última versión de Jackson Zones: {file} [/ quote]

Thanks for the update.
Just a question. I am creating a strategy with this indicator, but the question is in which TF is recommended to use so that it gives me the correct values.
All TFs up to H4 are the same value, but in Daily and weekly they are different.
Thanks once again.
Attached Image (click to enlarge)
Click to Enlarge Name: JACSON.JPG Size: 156 KB
IH - B221 Return Today: -0.2%
  • #58
  • Apr 9, 2020 3:39am Apr 9, 2020 3:39am
Quoting dokopy
{quote} How do you trade with the indicator?
I just started live test with microlots.
I am still in the process of defining correct money management, but the entry is based on the odds presented daily by sm indicator.
  • #59
  • Apr 9, 2020 3:50am Apr 9, 2020 3:50am
Quoting Vicente
[quote = SwingMan; 12862894] ...Just a question. I am creating a strategy with this indicator, but the question is in which TF is recommended to use so that it gives me the correct values. All TFs up to H4 are the same value, but in Daily and weekly they are different...
Maybe help my answer here: https://www.forexfactory.com/showthr...1#post12620431
  • #60
  • Apr 9, 2020 3:53am Apr 9, 2020 3:53am
Quoting dokopy
{quote} How do you trade with the indicator?
If you have time, please read first the documentation in #Post 1.
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