The gg53 "Killing Zone" | Forex Factory

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The gg53 "Killing Zone"

  • #1
  • First Post: Edited Sep 2, 2024 7:09pm Aug 30, 2012 5:51am | Edited Sep 2, 2024 7:09pm
please read post 2280 page 114
Humble & Kalcker CLO2 = Covid killer
  • #2
  • Aug 30, 2012 6:49am Aug 30, 2012 6:49am
Haven't hit a really fresh idea for a while. Dang nice work.
Enter Signature
  • #3
  • Aug 30, 2012 8:34am Aug 30, 2012 8:34am
G, this was your trigger enter point? am I ok?
Do you wait for bar close or enter when PA cross the line of the killing zone with Gadi_OBV break signal?
Some ideas about TP/SL?
Attached Image
Humble & Kalcker CLO2 = Covid killer
  • #4
  • Aug 30, 2012 2:21pm Aug 30, 2012 2:21pm
Quoting jusiur
G, this was your trigger enter point? am I ok?
Do you wait for bar close or enter when PA cross the line of the killing zone with Gadi_OBV break signal?
Some ideas about TP/SL?
NO !!

Once you mark the "Killing Zone" on the chart and mark the same points on Gadi_OBV - throw the chart, step on it, tear it apart, and spit on it....

From now on you trade VOLUME.
Didn't we all agree that VOLUME drive the price?
See the "Rob a Swiss Bank" chart again - and you will see that Gadi_OBV breakout happens BEFORE the price move.

You trade Gadi_OBV BREAKOUT !!

In that setup I don't trade PA.
I trade VOLUME:

BUY - if Gadi_OBV > -205900
SELL - if Gadi_OBV < -212960

G.
  • #5
  • Aug 30, 2012 2:27pm Aug 30, 2012 2:27pm
Thanks sir ! . . . and very welcome to your thread, here we hope to have the privilege of your experience.
Humble & Kalcker CLO2 = Covid killer
  • #6
  • Aug 30, 2012 2:57pm Aug 30, 2012 2:57pm
Here is the setup again:

Chart 1 - Initial setup - idenfiying the "Killing Zone" and related Gadi_OBV.
Chart 2 - Trades closed after 2 breakouts in opposite directios.

See previous post for entry rules.

+27 pips on UP breakout (breakout happened before PA breakout).
+25 pips on DOWN breakout.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mod_obv_gbpusd_initial.gif Size: 27 KB
Click to Enlarge Name: mod_obv_gbpusd_final.gif Size: 27 KB
  • #7
  • Aug 30, 2012 3:13pm Aug 30, 2012 3:13pm
Trade management:

Trading hours - London Open till London close+2.
Don't trade on Friday.
Don't trade 30 minutes before major news. If you have open trades - close them.

For BUY:
SL = Previous CLOSE (if too close then previous LOW).
TP = SL*2

When 7-8 pips profit - move SL to BE+1, remove TP, and
Apply Trailing-Stop ~5 pips.

Important !!
If not in profit within 4 bars - close the trade (no matter what).
Reason: We are not in a business of guesswork...
Our signal was either false or something new happend in the market.
Waive your ego and don't trade hopes.

G.
  • #8
  • Aug 30, 2012 4:48pm Aug 30, 2012 4:48pm
Golden setup:

Lets try some Gold digging...

Even small breakout - like T2 - yield a lot of nuggets...

And the last four bars are in a process of creating a new "killing zone".

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mod_obv_gold.gif Size: 29 KB
  • #9
  • Aug 30, 2012 5:08pm Aug 30, 2012 5:08pm
"Killing Zone" Indicator required - looking for coder.

I can't extract the Indicator itself from our EA. It's a mess...

Definition:
The "Killing Zone" is identified after a big move - 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".

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 the HIGH/LOW of that area in light red.

Anyone for the challenge?

G.
  • #10
  • Aug 30, 2012 11:13pm Aug 30, 2012 11:13pm
What is classified as a big move? (i.e. where to place 1st red bar)
Is it where a bar is x times length of previous bar?
What TF are you using?

From your chart example the end of KZ red bar is at start of 3 down candles... is that correct? Do you not want it at end of those 3 candles?

When do you trade? First break of OBV zone or close above that zone?

Sorry if Q's asked before but only just founf thread.

M.
If you think I'm mad, I must be mad
  • #11
  • Aug 31, 2012 3:43am Aug 31, 2012 3:43am
Hi gg53,

this was my test trade, please can you tell me if I get it (concept) right?

GG53, please can you comment

- my lines of identifying Killing Zone
- at which point of bullish candle probably breakout of Gadi has occured (there should be entry point)
- what you think about managing trade (if I would apply your condtitions - place BE after 8 pips, remove TP, trail w/ 5 pips - I would be stopped on that bullish candle; what you think about trailing your stops candle by candle - place stops under next bullish candle until stopped out) ?

Many thanks for your Gadi and comments
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 112 KB
  • #12
  • Aug 31, 2012 4:06am Aug 31, 2012 4:06am
Quoting kapybara
Hi gg53,

GG53, please can you comment

- my lines of identifying Killing Zone
- at which point of bullish candle probably breakout of Gadi has occured (there should be entry point)
- what you think about managing trade (if I would apply your condtitions - place BE after 8 pips, remove TP, trail w/ 5 pips - I would be stopped on that bullish candle; what you think about trailing your stops candle by candle - place stops under next bullish candle until stopped out) ?

Many thanks for your Gadi and comments
I have the impression there is no Gadi_OBV-breakout 1
  • #13
  • Aug 31, 2012 4:10am Aug 31, 2012 4:10am
Quoting Michael PB
I have the impression there is no Gadi_OBV-breakout 1
I agree.
  • #14
  • Aug 31, 2012 4:34am Aug 31, 2012 4:34am
Quoting Michael PB
I have the impression there is no Gadi_OBV-breakout 1
At the time of entering the trade there was a breakout (if the candle is still open, also Gadi is changing so you can see that candle has closed and Gadi has also closed inside of Killing Zone). You're entering the trade on the fly - means when candle is open and Gadi is "open" and Gadi is breaking. In this case Gadi and candle has reversed and closed inside of range.
  • #15
  • Edited 5:18am Aug 31, 2012 4:55am | Edited 5:18am
According to what I understand one use PA for determine and draw limits (high and low). Then we decide trade when indi line break limits.

As far as i understand this is a breakout idea centered on indi behavior more than PA. gg53 refers the prediction of indi, but do not explain wich TF is more effective to obtain best performance of prediction.

IMHO, due to a lack of more info so far, i can not call this a system. The uncomfortable thing is the use of high level of discretionary.

Meanwhile I'm testing this idea to realise if it can be used with trust.

Regards.
  • #16
  • Aug 31, 2012 5:47am Aug 31, 2012 5:47am
Quoting kapybara
Hi gg53,

this was my test trade, please can you tell me if I get it (concept) right?

GG53, please can you comment

- my lines of identifying Killing Zone
- at which point of bullish candle probably breakout of Gadi has occured (there should be entry point)
- what you think about managing trade (if I would apply your condtitions - place BE after 8 pips, remove TP, trail w/ 5 pips - I would be stopped on that bullish candle; what you think about trailing your stops candle by candle - place stops under next bullish candle until stopped out) ?...
Pls Read Post #4.
"... Once you mark the "Killing Zone" on the chart and mark the same points on Gadi_OBV - throw the chart, step on it, tear it apart, and spit on it...."

From now on we are trading VOLUME, i.e. Gadi OBV Breakout.
In your example - there is no breakout #1.

G.
  • #17
  • Aug 31, 2012 6:05am Aug 31, 2012 6:05am
Quoting futurespec
What is classified as a big move? (i.e. where to place 1st red bar)
Is it where a bar is x times length of previous bar?
What TF are you using?

From your chart example the end of KZ red bar is at start of 3 down candles... is that correct? Do you not want it at end of those 3 candles?

When do you trade? First break of OBV zone or close above that zone?

Sorry if Q's asked before but only just founf thread.

M.
1. Big move: good question. Major change in price. In our EA we currently use ~x2 from previous bar.

2. TF: you can use any TF. I'm using H1 & H4. I'll elaborate on TF selection later on. It's an issue by itself.

3. Before/After 3 bars: I want it before. Reason - after the 3 bars, and in between them, there is a large volume. I don't want to include it in that range. That volume was the exception that drove the big price move.

4. When to trade: First break out of Gadi_OBV.
BUY - if Gadi_OBV > Gadi_OBV(upper_range+10)
SELL - if Gadi_OBV < Gadi_OBV(lower_range-10)

The (10) is just some small number to make sure it completly "Break Out".

If you want to go and play "Bubble Shooter" instead of watching the screen - put a Buy/Sell Stop according to the formula (little coding required).

G.
  • #18
  • Aug 31, 2012 6:07am Aug 31, 2012 6:07am
Quoting Michael PB
I have the impression there is no Gadi_OBV-breakout 1
Right!

G.
  • #19
  • Aug 31, 2012 6:22am Aug 31, 2012 6:22am
DO you have the MQ4 for Gadi_OBV or will the standard OBV do?
If you think I'm mad, I must be mad
  • #20
  • Aug 31, 2012 6:27am Aug 31, 2012 6:27am
In my previous example about the Gold - I said that it looks like a new "Killing Zone" is forming (it was only 4 bars).

Well, the "Killing Zone" was completed. See attached.

Pls pay attention that Gadi_OBV Breakout occurs BEFORE the price breakout.
This will give you so "extra" pips and a proof that VOLUME drive the price.
That's the reason why we trade VOLUME and ignore PA after the "Killing zone was correctly established.

The same happened in the extreme example of "How to Rob a Swiss Bank".

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mod_obv_gold2.gif Size: 29 KB
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