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The gg53 "Killing Zone"

  • #241
  • Sep 5, 2012 9:02am Sep 5, 2012 9:02am
Ok, not been watching this thread for couple days.

Have modded the indi to include alerts that someone asked for.
Previous indi had slight error on bar size previous to big bar ... referenced wrong bar. Fixed.

Will only alert once per bar ... the first time it moves outside Obv HL .... but the moves are quick so they may not look valid if you are not actually watching the Obv values.

The white star shows when the current chart is after the start of zone but before end of zone so that you can easily see which chart to monitor.

HTH.

M.

EDIT: Sorry error on font name. Uploaded again
Attached File(s)
File Type: mq4 mn KillingZone v1.3.mq4   11 KB | 786 downloads
If you think I'm mad, I must be mad
  • #242
  • Sep 5, 2012 11:17am Sep 5, 2012 11:17am
Quoting alij79
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...
alij79,

1. "Killing Zone" definition is detailed in many posts here.
It's basically an attempt to define consolidation area and an attempt to learn it's VOLUME limits.
Our current guidelines are in Post #115, section 1.

2. See above. We are testing for other numbers and TF's.

3. The "Killing Zone" is valid until an "End" signal appears.
Trades that started before it's "end" are still valid and handled by Trade management & MM (seew post #1).

There are times that we logically recognize, in advance, as "Killing Zones".
When this occurs - we mark them without following the "drawing rules".

We traded, or at least followed them yesterday and today as a practice - with guidelines in advance - ALL came as winners.

Hope this clear the fog...

G.
  • #243
  • Sep 5, 2012 11:24am Sep 5, 2012 11:24am
Quoting EaglePip
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
EaglePip,

Isn't it less complicated to treat each bar as minimum of (x)?

I'm not suggesting that this is the optimal solution - your logic is fine. Very fine. I'm testing it now.

Again, good thinking !!

G.
  • #244
  • Sep 5, 2012 11:28am Sep 5, 2012 11:28am
Quoting kapybara
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
kapybara,

I'm glad you are on the Green side...

ALL 6 suggested trades are winners today.

G.
  • #245
  • Edited 12:27pm Sep 5, 2012 11:38am | Edited 12:27pm
Quoting Sarythsaya
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...

Sarythsaya,

The whole VOLUME trading is a hard concept to grasp.
Especially to trust it blindly - without a chart (see post "How to Trade Blindly" and post "Let's make a Video").

I don't want to clutter people minds and charts right now.

Gadi_OBV is accurate.
Whether a trade is profitable or not - that's another issue.
There is a post here (can't find it right now) that discuss M1 trade and it's consequences.

Let people grasp the concept first, let the indicator reach maturity through your testings and your observations - and than we will recommend extra "confirmations".

G.

EDIT:
Found the M1 trade discussion here: Post #113
http://www.forexfactory.com/showthread.php?p=5977772#post5977772
  • #246
  • Sep 5, 2012 11:41am Sep 5, 2012 11:41am
Quoting Sarythsaya
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....
Sorry, but I can't let this comment pass. My Stairstep Breakout thread DOES NOT place focus on Martingaling. It is only ever mentioned as one possible tool among many.

It would be a shame to judge the entire SSBO thread and its 14 month history on a single word or easily corrected misunderstanding. Anyone with an open mind is welcome to participate.

Everyone, please respect that the custom SSBO indicator is copyrighted and it is not available to other systems or threads.
To improve is to change. To perfect, is to change often.
  • #247
  • Sep 5, 2012 11:48am Sep 5, 2012 11:48am
Quoting Sarythsaya
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.
Sarythsaya,

I don't think we are there yet.
I know that you are a very short TF trader (correct me if I'm wrong).
The suggested DEFAULT parameters are based on my experience with H1 & H4.

By definition - shorter TF's might require larger number of cosolidation bars and greater number of "end bars".

Don't give up on me so soon...http://www.forexfactory.com/images/icons/icon7.gif

G.
  • #248
  • Edited 12:20pm Sep 5, 2012 11:56am | Edited 12:20pm
Quoting forexhard
Sorry, but I can't let this comment pass. My Stairstep Breakout thread DOES NOT place focus on Martingaling. It is only ever mentioned as one possible tool among many.

It would be a shame to judge the entire SSBO thread and its 14 month history on a single word or easily corrected misunderstanding. Anyone with an open mind is welcome to participate.

Everyone, please respect that the custom SSBO indicator is copyrighted and it is not available to other systems or threads.
forexhard,

See my previous post on same subject.
We want to concentrate on Volume trading.
Perfect it with guidelines to traders.
and than, and only than - suggest supporting indicators (if at all) for "confirmations".

By saying this I'm not suggesting any opinion whether SSBO is good or better.
And forexhard is right - as a general rule, don't share copyrighted material of any kind.

G.
  • #249
  • Edited 12:35pm Sep 5, 2012 12:18pm | Edited 12:35pm
Coders,

1. Pls add another external parameter that extends the "Killing Zone" bounderies (High/Low). Per guidelins, we don't want to get a trade signal EXACTLY on the High or Low, but some small number above/below it.
I think a fraction of percent volume will do.

2. To solve the issue of GAP between Friday close and Monday open - If a "Killing Zone" starts before Friday close - it must end at Friday close.
"Killing Zone" is not valid if it includes Saturday (for those cases there is no close on Friday).

Many, many thanks for all your efforts !

G.
  • #250
  • Sep 5, 2012 12:33pm Sep 5, 2012 12:33pm
Quoting futurespec
Ok, not been watching this thread for couple days.

Have modded the indi to include alerts that someone asked for.
Previous indi had slight error on bar size previous to big bar ... referenced wrong bar. Fixed.

Will only alert once per bar ... the first time it moves outside Obv HL .... but the moves are quick so they may not look valid if you are not actually watching the Obv values.

The white star shows when the current chart is after the start of zone but before end of zone so that you can easily see which chart to monitor.

HTH.

M....
futurespec,

Thanks a million !

Just added more work for you...
See Post #249.

Thanks again.

G.
  • #251
  • Sep 5, 2012 1:12pm Sep 5, 2012 1:12pm
More work is all I need !!!!

Try the attached.
Should work.

M.
Attached File(s)
File Type: mq4 mn KillingZone v1.3.1.mq4   12 KB | 1,279 downloads
If you think I'm mad, I must be mad
  • #252
  • Edited 1:19pm Sep 5, 2012 1:18pm | Edited 1:19pm
Quoting futurespec
Ok, not been watching this thread for couple days.

Have modded the indi to include alerts that someone asked for.
Previous indi had slight error on bar size previous to big bar ... referenced wrong bar. Fixed.

Will only alert once per bar ... the first time it moves outside Obv HL .... but the moves are quick so they may not look valid if you are not actually watching the Obv values.

The white star shows when the current chart is after the start of zone but before end of zone so that you can easily see which chart to monitor.

HTH.

M.

EDIT:...
Thanks Futurespec, gg and jusuir. Very interesting.
@ Futurespec - I wonder if it would be possible to print an arrow on the chart as soon as the range is broken ( this arrow would not disappear after it has been printed). It would make it much easier to see when the obv breaks thru the range.

This would be extremely useful I think.

Pardy
  • #253
  • Sep 5, 2012 1:38pm Sep 5, 2012 1:38pm
Yes no problem!!!!
And then I can sing and dance at the same time!
And then I can add an MA
And then I can add a MACD
And then I can add an add
And then I can and, and , and.!!!!!!!

Sorry but this is getting like so many other threads where you do one thing only to get requests for 10 more.

I am out of here.
Sorry.
Up to you now to amend and play with to your hearts content.

M.
If you think I'm mad, I must be mad
  • #254
  • Sep 5, 2012 1:57pm Sep 5, 2012 1:57pm
Quoting futurespec
Yes no problem!!!!
And then I can sing and dance at the same time!
And then I can add an MA
And then I can add a MACD
And then I can add an add
And then I can and, and , and.!!!!!!!

Sorry but this is getting like so many other threads where you do one thing only to get requests for 10 more.

I am out of here.
Sorry.
Up to you now to amend and play with to your hearts content.

M.

futurespec,

You are right.

Threaders:
We want just the bare minimum to easily identify the Horizontal lines.
"Nice to have" features are not in our scope right now.
Let's concentrate just on proper functionality.

...and futurespec - pls don't do that. We need you. Pls.

G.
  • #255
  • Sep 5, 2012 2:09pm Sep 5, 2012 2:09pm
Threaders,

I hope you read the Doc file in post#1.
Especialy the section on "How to Rob a Swiss Bank".

I also hope that you marked the "Killing Zone" - it can be easily seen.

If so, you deserve your +30 pips...

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 25 KB
  • #256
  • Sep 5, 2012 3:41pm Sep 5, 2012 3:41pm
gg53

On the chart in post 255 could you mark the Big Move bar and the 2 bars that define the consolidation range on the price chart. Thanks
  • #257
  • Sep 5, 2012 4:02pm Sep 5, 2012 4:02pm
Quoting Koglkama
gg53

On the chart in post 255 could you mark the Big Move bar and the 2 bars that define the consolidation range on the price chart. Thanks
Koglkama,

Please read the post "Quiz" and the post "Quiz - Solved !!".

It's the same concept.
We are looking for cosolidation areas and try to learn from them.
In the Doc file in post #1 you have several posts "How to Rob a Swiss Bank" with short market condition and how easy it was to identify and mark the "Killing Zone".
It even include a previous trade that was taken before the previous "spike".

The whole area of the EURCHF PA is barely 6 pips for days now.
It's an extreme example of easily identified "Killing Zone" - without any mechanical charting tool.

Simply put a Buy/Sell limit order - and go sailing...

As to the future of this pair - I'll wait a little to see if it's just another "spike" or maybe the Swiss Bank decided on a new rate to protect or they will abondon the idea of intervention in the market.

If either of the two first options will become a reality - we are going to see another "killing Zone" with very small PA.
I'll repeat the process again and put the same limit orders again.

It might take days or weeks before it will breakout - but what do I care - it costs me nothing...

G.
  • #258
  • Sep 5, 2012 4:04pm Sep 5, 2012 4:04pm
Quoting futurespec
Yes no problem!!!!
And then I can sing and dance at the same time!
And then I can add an MA
And then I can add a MACD
And then I can add an add
And then I can and, and , and.!!!!!!!

Sorry but this is getting like so many other threads where you do one thing only to get requests for 10 more.

I am out of here.
Sorry.
Up to you now to amend and play with to your hearts content.

M.
@Futurespec, yes pls stay, for I am certain that you can sing and dance at the same time!

Not sure if you were upset at my request to add an arrow on the chart at break of obv boundary, but hope you can see how useful that would be.
Am certain many of us are grateful for your contributions, may you be blessed. Apologies sincerely if I've said anything to cause hurt.
Pardy
  • #259
  • Sep 5, 2012 7:43pm Sep 5, 2012 7:43pm
Thanks FuturSpec for the mn KillingZone v1.3.1 indicator. It is working very well.

GG53

My understanding of your post 17, item 3 is that the start of a new KZ (i.e. defined by the vertical white line on the mn KZ indicator) could coincide with the end of the previous KZ (i.e. the red vertical line on the mn KZ indicator). If this is the case then should the indicator be looking for the Big Move bars starting at the red line minus 2 bars?
  • #260
  • Sep 5, 2012 9:13pm Sep 5, 2012 9:13pm
Hey guys,

Just getting caught up with the new thread. Thanks for the ideas gg.

Here's one of my charts on AUD/CAD with the indi attached. If I'm understanding this right, shouldn't the KZ have closed where circled instead of later.

Also on AUD/JPY, the obv zone shows an adjustment of the low. Is an adjustment of this magnitude still valid to trade. (PA didn't move near as much, even though we're not trading that.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcad.jpg Size: 90 KB
Click to Enlarge Name: audjpy.jpg Size: 90 KB
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