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The gg53 "Killing Zone"

  • #221
  • Sep 5, 2012 3:16am Sep 5, 2012 3:16am
Quoting gg53
panamamike,

Use "Save picture as..." and "Active chart" - that will show only the chart without all the other stuff.

I think your hours are off.
Europe opens (Frankfurt) at 06:00 GMT.
London opens at 07:00 GMT.

I set my chart to Europe open.

G.
What do u mean by "set your chart"? Are the times on the chart not broker dependant?

First trade GBPJPY hit TS +16.6
  • #222
  • Sep 5, 2012 3:16am Sep 5, 2012 3:16am
Threaders,

ALL suggested breakouts are winners.
I checked other breakouts that I didn't trade - winners too.

Protect your open trades (I hope you traded them...).

Got to go for the day.

G.
  • #223
  • Sep 5, 2012 3:19am Sep 5, 2012 3:19am
Quoting panamamike
What do u mean by "set your chart"? Are the times on the chart not broker dependant?

First trade GBPJPY hit TS +16.6
panamamike,

By "setting" I meant setting the Europe Open as end of Asian session.
That's Mr. GameChanger that entered the "Game".

G.
  • #224
  • Sep 5, 2012 3:22am Sep 5, 2012 3:22am
Quoting gg53
panamamike,

Here's mine. Strange...

G.
Hi, Gg

I'm lost...

Is your first vertical Red line (@ 2012 09/09 05:00) a"start" ?
Obviusly NOT : the first bar isn't a BIG one, the following bars are Up Up and Up and so the KZ is finished ???

Is your second vertical red line (@ 2012 09/09 07:00) a KZ's end ?
Maybe as the 3 previous bar are DnDnDn but the fourth is also a Dn bar hence the End line should be @ 2012 09/09 06:00

Thanks for your help. I do like this thread because I see a logical hence an potential edge.

BBF
BigBlackfeet Always on the(forex) war path !
  • #225
  • Sep 5, 2012 3:24am Sep 5, 2012 3:24am
EurJPY stopped +7.2
  • #226
  • Sep 5, 2012 3:27am Sep 5, 2012 3:27am
Quoting gg53
panamamike,

By "setting" I meant setting the Europe Open as end of Asian session.
That's Mr. GameChanger that entered the "Game".

G.
I understand the premise, volume breakout of Asian congestion. However, the indicator we are using does not yet have the ability to look for killzones by session. However, there is nothing preventing me from doing that bit manually
  • #227
  • Edited 4:27am Sep 5, 2012 3:47am | Edited 4:27am
Quoting BLACKFEET
Hi, Gg

I'm lost...

Is your first vertical Red line (@ 2012 09/09 05:00) a"start" ?
Obviusly NOT : the first bar isn't a BIG one, the following bars are Up Up and Up and so the KZ is finished ???

Is your second vertical red line (@ 2012 09/09 07:00) a KZ's end ?
Maybe as the 3 previous bar are DnDnDn but the fourth is also a Dn bar hence the End line should be @ 2012 09/09 06:00

Thanks for your help. I do like this thread because I see a logical hence an potential edge.

BBF
BLACKFEET,

Since we are using LOGIC in searching for the "Killing Zone" - we defined/suggested the Asian session as a KZ by itself, based on the same logic.

See details and explanations in the post "QUIZ- SOLVED !!".

Enjoy you stay.

G.
  • #228
  • Sep 5, 2012 3:54am Sep 5, 2012 3:54am
Quoting panamamike
I understand the premise, volume breakout of Asian congestion. However, the indicator we are using does not yet have the ability to look for killzones by session. However, there is nothing preventing me from doing that bit manually
panamamike,

I didn't gave them the instruction to do so.
Also, I'm a bit reluctant in doing so.
The Asian session can be traded within itself and it will be confusing to see overlapping KZ.
Each trader should know the logic behind the Asian session, and if comfotable with it - trade it.

G.
  • #229
  • Sep 5, 2012 4:29am Sep 5, 2012 4:29am
Quoting gg53
EaglePip & All,

Doji (Pin bar) issue:
....
My initial thought is to treat each bar (Open/Close diff.) that is smaller
than (x) as x, where x is an external parameter.

Any other suggestions on how to treat this issue?
G.
In the absence of any other criteria to determine the Min size of the previous bar, I used the ATR, with an external parameter (PrevBarSize- default 0.4)
The closer we get to the ATR the less bars meet the criteria. It also, then invalidates larger range bars that occur after a very small bar.
eg. Bar 1 on chart does not satisfy the Min Size and the following bar(2) is not signalled as Big Bar.
Since we are in effect using the ATr to determine Big Bars, why not just use X time the ATR?
The modified indicator is attached
Attached Image (click to enlarge)
Click to Enlarge Name: eu59.gif Size: 19 KB
Attached File(s)
File Type: mq4 gg53kfv0.1.mq4   7 KB | 643 downloads
  • #230
  • Sep 5, 2012 4:38am Sep 5, 2012 4:38am
Quoting EaglePip
In the absence of any other criteria to determine the Min size of the previous bar, I used the ATR, with an external parameter (PrevBarSize- default 0.4)
The closer we get to the ATR the less bars meet the criteria. It also, then invalidates larger range bars that occur after a very small bar.
eg. Bar 1 on chart does not satisfy the Min Size and the following bar(2) is not signalled as Big Bar.
Since we are in effect using the ATr to determine Big Bars, why not just use X time the ATR?
The modified indicator is attached
EaglePip,

Why do you say that we are using ATR to determine "Big Bar"?


Wow !
That's a lot of info to digest...and think about... and test...
All seems very logical - but let me test it on my charts.


Good thinking !!

G.
  • #231
  • Sep 5, 2012 4:51am Sep 5, 2012 4:51am
Quoting gg53
BLACKFEET,

Since we are using LOGIC in searching for the "Killing Zone" - we defined/suggested the Asian session as a KZ by itself, based on the same logic.

See details and explanations in the post "QUIZ- SOLVED !!".

Enjoy you stay.

G.
Hi, Gg

Thanks for your quick answer.

Go ahead with this very good job !

BBF
BigBlackfeet Always on the(forex) war path !
  • #232
  • Sep 5, 2012 5:17am Sep 5, 2012 5:17am
Quoting gg53
EaglePip,

Why do you say that we are using ATR to determine "Big Bar"?

G.
Well, if we use greater than "x" times the ATr as Min Size of previous bar, and then the Big Bar to be 'y' times the Prev bar, then the big Bar must actually be 'x' X 'y' times the ATr.
EP
  • #233
  • Sep 5, 2012 5:18am Sep 5, 2012 5:18am
Quoting BLACKFEET
Hi, Gg

Thanks for your quick answer.

Go ahead with this very good job !

BBF
BLACKFEET,

Thanks for your kind words.

I want to go ahead and continue with this forum AGENDA (post #115),
"in-trend" techniques, what to trade, currency strngth, currencies correlation, etc...

But - WE NEED PEOPLE FEEDBACK ON THE Horz. Line Indicators posted.
Suggested parametrs, different TF's, bugs, wish-lists, etc. PLEASE!

G.
  • #234
  • Sep 5, 2012 5:26am Sep 5, 2012 5:26am
Quoting EaglePip
Well, if we use greater than "x" times the ATr as Min Size of previous bar, and then the Big Bar to be 'y' times the Prev bar, then the big Bar must actually be 'x' X 'y' times the ATr.
EP
EaglePip,

I didn't look at your code before - just tested.
Now I see it.

The initial rule defines the "Big Bar" as X times it's previous one - without any ATR.

Does ATR came into the picture before or after the Doji (Pin bar) issue?

G.
  • #235
  • Sep 5, 2012 6:06am Sep 5, 2012 6:06am
Hi GG,

I have been reading through this amazing thread since it started and have done so multiple times.. but i have still some confusions, will really appreciate if it can be cleared coz this system has huge potential:

1. how do we identify the current big trend has come to an end and killing zone has started ?

2. how many alternating bars is it 6-7 or minimum 6-7 ? and how to identify if breakout has again occurred before 6-7 alternating bars? whts the criteria or rul e in this scenario?

EDIT - one more query

3- the highs and lows on Gadi OBV established during killing zone are valid when killing zone end or we have to redrawa new highs and lows on gadi obv when killing zone ends ?


thanks again.... hope i can grasp the logic.
  • #236
  • Sep 5, 2012 7:23am Sep 5, 2012 7:23am
Hi guys,

Have to show this one (ASIA KZ) - this was not draw by rules as defined, I spot it as per GG's tip regarding sessions.
Initial risk 10 pips, currently secured @BE, now in profit 70 pips.
This is real gem of GADI breakout

I'll let this run (if you check longer TF, it has nice potential).

Thanks and green pips to all threaders
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.jpg Size: 194 KB
  • #237
  • Sep 5, 2012 8:06am Sep 5, 2012 8:06am
Quoting gg53
EaglePip,
....
The initial rule defines the "Big Bar" as X times it's previous one - without any ATR.

Does ATR came into the picture before or after the Doji (Pin bar) issue?

G.
Yes, the Big Bar is defined as 'x' times the previous bar.

However, as we saw with a previous bar being a Doji/Pin Bar, that definition will pickup bars that are not really big.

So, when the condition for a previous bar to be greater than some minimum, whatever that is, the Big Bar is in effect linked to that minimum measure.

EP
  • #238
  • Sep 5, 2012 8:09am Sep 5, 2012 8:09am
Quoting gg53


But - WE NEED PEOPLE FEEDBACK ON THE Horz. Line Indicators posted.
Suggested parametrs, different TF's, bugs, wish-lists, etc. PLEASE!

G.

A couple of my thoughts gg:

I am struggling with my consistency trading what is (the way you trade) a scalping technique.

My view is that the killzones we are looking for are too short - and therfore my results are a little hit and miss.

As the principle of this method is breakout trading - I think we should be looking for abnormal consolidation periods. There is an indicator in the Stairstep Breakout thread which we may find useful in order to find and test consolidation periods which are long enough to provide an increased chance of a bigger move on breakout.
Enter Signature
  • #239
  • Sep 5, 2012 8:22am Sep 5, 2012 8:22am
Quoting Sarythsaya
A couple of my thoughts gg:
......
looking for abnormal consolidation periods.
.
Yes, that thread uses consolidation zones with a minimum number of bars within a fixed range or something.
The problem I had with it was getting the right breakout, but using the OBv with it, might just be the solution.
EP
  • #240
  • Sep 5, 2012 9:01am Sep 5, 2012 9:01am
Quoting EaglePip
Yes, that thread uses consolidation zones with a minimum number of bars within a fixed range or something.
The problem I had with it was getting the right breakout, but using the OBv with it, might just be the solution.
EP

They use 1 for 1 risk and martingale i think - which is why it doesn't suit my trading style. Trading out of a low volatility area in the direction of the expansion of price is the principal behind both threads.

Hope we don't get a visit from FH for trashing his thread. Many people are making money from it to be fair. lol

I think an alternative is to have tighter stops, bigger risk/reward and a lower win rate.
Enter Signature
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