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The gg53 "Killing Zone"

  • #361
  • Edited 5:35am Sep 10, 2012 4:50am | Edited 5:35am
Quoting gg53
I use H1 for Asian session.
I'm moving to lower TF for confirmation only.

I couldn't show you the effect on H1 - so I used M5.

G.
Panamike,

This is how it looks like on H1.
Europe open actually created a "Breakout" and returned at bar close.
You can see the "Breakout" on M5, but since it returned after the bar close - it is not shown on H1.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 26 KB
  • #362
  • Edited 6:04am Sep 10, 2012 5:53am | Edited 6:04am
Quoting gg53
panamamike,

I wrote a small EA (just few lnes) toi d that.
e ill do it here, in this forum - once the complete Gadi system will be introduced.

Next chapters are "In-Trend" trading and TF's.

G.
Cool. I will try to develop something in the meantime. Trades are missed and time is wasted watching setups develop on a 1 hr timeframe. As I do not live in Europe, continuous monitoring of setups during first half of London session is not always possible.
  • #363
  • Sep 10, 2012 6:07am Sep 10, 2012 6:07am
Quoting panamamike
Cool. I will try to develop something in the meantime. Trades are missed and time is wasted watching setups develop on a 1 hr timeframe. As I do not live in Europe, continuous monitoring of setups during first half of London session is not always possible.
panamamike,

Adding an Alert to the indicator will solve your "watching setups develop..." issue.
It will sound an alert on H1 at the correct time.

G.
  • #364
  • Sep 10, 2012 6:10am Sep 10, 2012 6:10am
Quoting gg53
panamamike,

Adding alert to the indicator will solve your "watching setups develop...".
It will sound an alert on H1 at the correct time.

G.
Unfortunately the VPS I use to trade on does not seem to have sound.
  • #365
  • Sep 10, 2012 6:57am Sep 10, 2012 6:57am
Actually, I contacted support for my VPS to get some drivers installed that may allow me to hear the alerts.
  • #366
  • Sep 10, 2012 7:44am Sep 10, 2012 7:44am
Quoting panamamike
Actually, I contacted support for my VPS to get some drivers installed that may allow me to hear the alerts.
panamamike,

Oooops,
Sorry - I thought you are trading locally.

No problem - turn the volume up...http://www.forexfactory.com/images/icons/icon7.gif

G.
  • #367
  • Sep 10, 2012 7:55am Sep 10, 2012 7:55am
Ok, we covered the:

...VOLUME trading.
..."Killing Zone" issue. - with horizontal bars and without.
...Trade management - My prefered one.
...Time Frames - again, my prefered ones.

We built an indicator - seems accurate - but some features are missing. See post #1 for additional requirements. BIG Thanks to the coders.

Questions and clarifications on the above are welcome.

The next step is "In-Trend" trading.

Please note - if you are getting a trade signal within the "Killing Zone" - DON'T trade it !!

Here is the complete system - with today's "Killing Zone".

Red cube = SELL signal
Green cube = BUY signal

G.
Attached Image (click to enlarge)
Click to Enlarge Name: systemv2.gif Size: 27 KB
  • #368
  • Sep 10, 2012 8:25am Sep 10, 2012 8:25am
Hello gg53,

I have been following this thread quietly and I wish to thank you for sharing your insights into forex trading and others for their selfless coding skills.

Quick question and might sound dumb, does using different mt4 brokers produce vastly different Gadi_OBV values? I am using IBFX and my values differs greatly to your AUD and EUR posted charts earlier. The charts of Gadi_OBV looks the same though. Will this be a problem?

Regards

Kainreaver
  • #369
  • Sep 10, 2012 8:42am Sep 10, 2012 8:42am
Quoting kainreaver
Hello gg53,

I have been following this thread quietly and I wish to thank you for sharing your insights into forex trading and others for their selfless coding skills.

Quick question and might sound dumb, does using different mt4 brokers produce vastly different Gadi_OBV values? I am using IBFX and my values differs greatly to your AUD and EUR posted charts earlier. The charts of Gadi_OBV looks the same though. Will this be a problem?

Regards

Kainreaver
Kainreaver,

I didn't try many brokers but the ones that I did try and used didn't have very different results or outcome.

Yes, the VOLUME absolute value changes from broker to broker according to their liquidators - but if they are using big enough liquidators than it shouldn't matter that much.

The Gadi_OBV is using a proportional values comparison and not the absolute value - and that somewhat compensate the differences.

Doe's your SIGNALS vary a lot from mine (Alpari UK)?

G.
  • #370
  • Sep 10, 2012 9:00am Sep 10, 2012 9:00am
Hi there gg53,

Yes, I just noticed that from post #367, how the second long bar from the left has a lower peak on Gadi compared to the bar before the first red line in your chart. While in mine, they are of equal height. I am still trying to learn to attach a chart. I read someway in this post and I am trying to find it.

Furthermore the Gadi values range from -144500 to - 137020.

Regards

Kainreaver
  • #371
  • Edited 9:42am Sep 10, 2012 9:29am | Edited 9:42am
Hi gg53,

here is my attached chart compared to yours in post 367. There seems to be a big difference in Gadi picture. Will these affect how I place and view my trades? Should we all change to a similar mt4 brokers to have the same values and place trades.

Regard,

Kainreaver
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.gif Size: 29 KB
Click to Enlarge Name: eur1.gif Size: 27 KB
  • #372
  • Sep 10, 2012 9:58am Sep 10, 2012 9:58am
Quoting kainreaver
Hi gg53,

here is my attached chart compared to yours in post 367. There seems to be a big difference in Gadi picture. Will these affect how I place and view my trades? Should we all change to a similar mt4 brokers to have the same values and place trades.

Regard,

Kainreaver
Kainreaver,

Sorry, I can't compare like this.

Can you pls draw the Asian session (vertical lines from 00:00 GMT to 08:00 GMT) and horizontal lines on the High/low of Gadi_OBV - same TF and same scaling on both?

I want to see where the breakout occurs.

Thanks.

G.
  • #373
  • Edited 10:21am Sep 10, 2012 10:06am | Edited 10:21am
Quoting kainreaver
Hi gg53,

here is my attached chart compared to yours in post 367. There seems to be a big difference in Gadi picture. Will these affect how I place and view my trades? Should we all change to a similar mt4 brokers to have the same values and place trades.

Regard,

Kainreaver

Kainreaver,

Just noticed that the "Big Bar" is different between us - and that's a problem without any connection to Volume.

The Diff between us on that bar Open/Close is HUGE. This wiil affect the volume calculation.

If this is the case - there is a PRICE issue between our brokers...

G.
  • #374
  • Sep 10, 2012 10:34am Sep 10, 2012 10:34am
gg53 and jusiur, great thread !

EURUSD breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10-9-2012.gif Size: 23 KB
  • #375
  • Sep 10, 2012 10:37am Sep 10, 2012 10:37am
Quoting gg53

The next step is "In-Trend" trading . . .

G.
impatient to see more . . .
Humble & Kalcker CLO2 = Covid killer
  • #376
  • Sep 10, 2012 11:15am Sep 10, 2012 11:15am
Quoting fx8000
gg53 and jusiur, great thread !

EURUSD breakout.

Thanks, fx8000.
Lots of green pips to you...

G.
  • #377
  • Sep 10, 2012 3:52pm Sep 10, 2012 3:52pm
gg, can u pls confirm we only have to trade breakout after the killing zone ends and before start of next killing zone ? what horizontal lines will we take into account in this case for breakout ?

Quoting gg53
Ok, we covered the:

...VOLUME trading.
..."Killing Zone" issue. - with horizontal bars and without.
...Trade management - My prefered one.
...Time Frames - again, my prefered ones.

We built an indicator - seems accurate - but some features are missing. See post #1 for additional requirements. BIG Thanks to the coders.

Questions and clarifications on the above are welcome.

The next step is "In-Trend" trading.

Please note - if you are getting a trade signal within the "Killing Zone" - DON'T trade it !!

Here is the...
  • #378
  • Sep 10, 2012 5:00pm Sep 10, 2012 5:00pm
Quoting alij79
gg, can u pls confirm we only have to trade breakout after the killing zone ends and before start of next killing zone ? what horizontal lines will we take into account in this case for breakout ?
alij79,

Are you refering to the Asian session example?
If Yes - you trade AFTER the asian session ends - and your breakouts are the Gadi_OBV limits of the Asian session.

If No - and you are refering to "normal" "Killing Zone" than you trade after the KZ is established (default 6-7 bars on H1/H4) and stop trading after KZ ends.

G.
  • #379
  • Sep 10, 2012 5:14pm Sep 10, 2012 5:14pm
thanks gg.... i got it.....

one more thing.... what should be the kz and alternating bars rule for M15 and M5 ... did u do any testing on these timeframes if yes then pls guide..

Quoting gg53
alij79,

Are you refering to the Asian session example?
If Yes - you trade AFTER the asian session ends - and your breakouts are the Gadi_OBV limits of the Asian session.

If No - and you are refering to "normal" "Killing Zone" than you trade after the KZ is established (default 6-7 bars on H1/H4) and stop trading after KZ ends.

G.
  • #380
  • Sep 10, 2012 6:02pm Sep 10, 2012 6:02pm
Quoting alij79
thanks gg.... i got it.....

one more thing.... what should be the kz and alternating bars rule for M15 and M5 ... did u do any testing on these timeframes if yes then pls guide..
alij79,

Ahhhh, we asked the group here to do the TF's testings with various parameters, and the results are:
...Waiting...
...Waiting...
...Waiting...

You got the idea...

G.
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