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SAFT System

Quoting gg53
NO !!!
The RSI was just an example how to treat shitty indicators that shows only the past.

G.
Well that's great.Nice job.
What are your settings for the ADX?
Any Coder that could help us out with the SCALING-probs to manage the ADX and the OBV?
Any help is appreciated.
Greeds Zack
Read previous post.
ADX settings are calculated automatically based on TF, currency pair with a goal of MINIMUM crossings with MOD_OBV - and shows only -DI or +DI.

G.
The "Killing Zone" or "How to rob the Swiss Bank"...

The CHF is under alot of pressure to increase it's value in face of declining EUR and the european economic situation.

The Central Swiss Bank is fighting this by heavilly intervention in the market - keeping the EUR/CHF around 1.2000.

So, to better understand the MOD_OBV concept - let's "rob" the swiss bank. yeah!

Draw two paralel lines on the EUR/CHF chart to mark the high and low of the bank intervention.

Draw similiar lines on the Gadi_OBV indicator (same points).

The "pressure" of the volume was so high - that the bank didn't succeed in buying it all - and the price jumped.

In addition - the volume was "recognized" by Gadi_OBV much earlier than the price move.

This is an extreme example - but you can use the same technique on any chart or pair.
Just identify recent "ranging" area - draw the same - and fill your pockets.

No need to hide from the police...

G.
"Rob the Swiss Bank"...

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mod_obv_killing_zone.gif Size: 23 KB
I love this !
Meeeooow !!!
The "Killing Zone":

This is an area where the market reveals a lot.
The market is "Ranging" because the "Buyers" and "Sellers" are almost equal - so the VOLUME is easilly "consumed".

At that area we can learn what is a "normal volume" that doesn't move the price much.

Any variation from that volume will trigger a price movement.

Furthermore: trading within that area will literally kill your account (even if your "Trendlines" say so...)

It is called a "Killing Zone" because 85% of novice traders loose 90% of their account within those areas.

Trade only the breakout from this area. "Breakout" is an OBV (mod) breakout.

See sample chart.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mod_obv_killing_zone2.gif Size: 30 KB
Quoting fx8000
Thanks to Evaluator for sharing a very interesting strategy and many other members for their contributions.

Attached below two trades today on EU and EJ using LDHT's settings (break of 50 SMA close by price and break of 21 LWMA by OBV)

If the settings are consistently profitable, then it would be possible to automate the trades by coding an EA. More forward testing is required.

Cheers.
Of course it is. We have one running since 2 weeks now. Everything is working fine and 100% follow the rules (trigger, tp, sl, ...).
One problem ranging, it kills all (like all automated systems btw).
#### Follow me at @LioH_ on Twitter ... ####
Quoting lhDT
Of course it is. We have one running since 2 weeks now. Everything is working fine and 100% follow the rules (trigger, tp, sl, ...).
One problem ranging, it kills all (like all automated systems btw).

See "How to rob a Swiss Bank" above to avoid ranging market.
And it can be coded into an EA. We've done that.

G.
Quoting gg53
The "Killing Zone":

This is an area where the market reveals a lot.
The market is "Ranging" because the "Buyers" and "Sellers" are almost equal - so the VOLUME is easilly "consumed".

At that area we can learn what is a "normal volume" that doesn't move the price much.

Any variation from that volume will trigger a price movement.

Furthermore: trading within that area will literally kill your account (even if your "Trendlines" say so...)

It is called a "Killing Zone" because 85% of novice traders loose 90% of their account...
This is a great post and the same I have observed over the last days.
Maybe someone could code an additional Indi like a "Range-Zone" or "Break-Out-Box"-Indi inside the LHDT-OBV-Indi or the GABI-OBV-Indi ?
Please go ahead with that stuff.
Greeds Zack
Quoting zackery
This is a great post and the same I have observed over the last days.
...or the GABI-OBV-Indi ?
Greeds Zack
It's Gadi_OBV...http://www.forexfactory.com/images/icons/icon7.gif

G.
Quoting gg53
See "How to rob a Swiss Bank" above to avoid ranging market.
And it can be coded into an EA. We've done that.

G.
Thank you for sticking around and giving us ongoing education!
Dear Evaluator, I would really like to see how you placed your trendlines today. Please keep posting charts!

Thank you!

gary
Attached Image
Quoting gms
Dear Evaluator, I would really like to see how you placed your trendlines today. Please keep posting charts!

Thank you!

gary

Today's EU - M15 - The simple method.

Identify and mark the Ranging area ("killing Zone").
Draw the relevant parralel lines on Mod_OBV.

Trade the BREAKOUT of Mod_OBV.
No need for Trendlines or MA's.

That's NOT Evaluator method!

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mod_obv_eu_m15.gif Size: 31 KB
Quoting gms
Dear Evaluator, I would really like to see how you placed your trendlines today. Please keep posting charts!

Thank you!

gary

gms,

Today has been extremely messy with no liquidity in the markt plus ''the Ben Bernanke'' show on friday plus all the news conferences today in Europe (Merkel /Monti Show) on a non liquid markt has cause many whipsaws.

I have 3 orders today 1 win 1 stoploss (+3 pips) and 1 currently in play.

Below is my screenshot. It is very messy because no one in the markt because of two factors...1 ) end of the month 2) ''the Ben Bernanke'' show on friday.

I think liquidity will return next week as the markt comes out of summer holidays and business financials begin appear next month. For the Europe it will be very busy month with many factors that have potential to cause violent (profitable) moves in markt.

Best of luck

Evaluator.:nerd:
Attached Image (click to enlarge)
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Quoting gg53
The "Killing Zone":

G.
Thanks, interesting. Can you indicate a thread working on this concept with these indicators?
Quoting Michael PB
Thanks, interesting. Can you indicate a thread working on this concept with these indicators?
Gadi_OBV, Gadi_ADX and the "Killing Zone" concepts based on them - are our creation and development. Many of the features I can share - some of them I can't.

I already suggested that one of you will open a new thread for this subject, invite others and me - and I'll gladly contribute to that subject (as long as it doesn't involve "Trendlines" and MA's).

G.
The "Killing Zone" identification:

Many of you PM'ed me about identifying the "Killing Zone".
Attached is a live example of current situation - waiting for mod_OBV breakout.

The "Killing Zone" is identified after a big move (marked as RED vertical line) - followed by a sequence of at least 6-7 bars Up/Down/Up/Down bars.
It doesn't matter what the size of the bars.
A sequence of more than 3 up or 3 down bars mark the end of the "Ranging" or "Killing Zone".

Once you identify that sequence - mark the top and bottom on the chart.
Mark the same points on mod_OBV.
Trade breakout of mod_obv - even if it is inside the area on the chart.

Although the marked area on the chart is more than 50 pips - the actual price movement is only about 16 pips.

BTW: Those who tried "Trendline breakout" technique in that example - loose money... yet another proof that this is a "Killing Zone"...

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mod_obv_gbpusd_live.gif Size: 26 KB
Does anyone here is willing to write an indicator that will automatically draw the "Killing Zone"?

The parameters are simple:
1. Search within at least 200 bars.
2. Search for a sequence of at least 6 bars (external parameter)
3. End of sequence ("Killing Zone") is at least 3 consecutive bars in the same direction.(external parameter).
4. mark that area in light red.

Anyone for the challenge?

G.
The "Killing Zone" setup:

I hope you all used the live example in my post http://www.forexfactory.com/showthre...61#post5970861

I took my +27 pips in 53 minutes.

G.
OK here #1 gg53 "killing zone" thread
Humble & Kalcker CLO2 = Covid killer
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