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The gg53 "Killing Zone"

  • #761
  • Oct 25, 2012 8:25am Oct 25, 2012 8:25am
Quoting jusiur
GG any specific reason as to why you prefer 15M to trade? That´s because LO session volume?
jusiur,

I don't prefer M15.
I posted M15 charts in order to show you the setup and the results in realtime.
Otherwise it will take hours or days between posts.

G.
  • #762
  • Edited 12:28pm Oct 25, 2012 12:19pm | Edited 12:28pm
GG,

Attached is a screenshot of Gadi Curr 2.5 and RS_Pat, another version of a relative strength indi based on RSI(Highly Modified) and your GS2.5.

Suggestions for your indi.

Subtract the base currency values from all calculated values. In the RS chart the zero line is the USD while the red line is AUD.

The Values displayed on the RHS of the RS are sorted descending showing which is the highest and the lowest currency.

if you incorporate the above suggestions, GC 2.5 would look something like the subwindow 3.

I leave the analysis and implementation up to you.

Lastly, in your MQ4 file of the GC 2.5, change the Timeframe value to "0". That way it does not matter which chart you place the indi, the TF will match the charts's TF.

Coincidentally, if you place a 56 lwma on your gadi obv, you will get the crosses on your GC 2.5 Just an Observation.


Cheers

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currency 2.5 __rs_pat.jpg Size: 128 KB
  • #763
  • Oct 25, 2012 2:38pm Oct 25, 2012 2:38pm
Quoting Pat1
GG,

Attached is a screenshot of Gadi Curr 2.5 and RS_Pat, another version of a relative strength indi based on RSI(Highly Modified) and your GS2.5.

Suggestions for your indi.

Subtract the base currency values from all calculated values. In the RS chart the zero line is the USD while the red line is AUD.

The Values displayed on the RHS of the RS are sorted descending showing which is the highest and the lowest currency.

if you incorporate the above suggestions, GC 2.5 would look something like the subwindow 3.

I leave the analysis and...
Pat1,

Please post "RS_Pat" indicator mq4 and link to explanation about it.

Thanks.

G.
  • #764
  • Oct 25, 2012 3:05pm Oct 25, 2012 3:05pm
Quoting Pat1
GG,

Attached is a screenshot of Gadi Curr 2.5 and RS_Pat, another version of a relative strength indi based on RSI(Highly Modified) and your GS2.5.

Suggestions for your indi.

Subtract the base currency values from all calculated values. In the RS chart the zero line is the USD while the red line is AUD.

The Values displayed on the RHS of the RS are sorted descending showing which is the highest and the lowest currency.

if you incorporate the above suggestions, GC 2.5 would look something like the subwindow 3.

I leave the analysis and...
Pat1,

The purpose of Gadi_Currencies is to supply a whole market overview in order to find opportunities, using just one chart and one indicator.

Your suggested approach is suitable for one currency pair per chart - using a base currency at the zero line and the other relation to it. This method is fine and good as a trading aid - but not as a general market filtering aid.

I'll "play around" with your idea and maybe adopt it in the "allCurrencies"=false" feature of gadi_Currencies.

BTW: Gadi_Currencies already support the TF=0 as an automatic current chart TF.

G.
  • #765
  • Oct 25, 2012 4:51pm Oct 25, 2012 4:51pm
The purpose of Gadi_Currencies is to supply a whole market overview in order to find opportunities, using just one chart and one indicator.

True

Your suggested approach is suitable for one currency pair per chart - using a base currency at the zero line and the other relation to it. This method is fine and good as a trading aid - but not as a general market filtering aid.

The market filtering tool you mention is the sorted display of currencies on the Right Hand Side of the sub window. Trade the highest currency to the lowest, or positives with the negatives, etc

What I meant was to change the default value to 0. Currently it is 15. However this is a minor issue.

Attached is the previous pic with all currencies shown on the sub windows.

Cheers

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currency 2.5 __rs_pat.jpg Size: 169 KB
  • #766
  • Oct 25, 2012 5:52pm Oct 25, 2012 5:52pm
Quoting gg53

Please post "RS_Pat" indicator mq4 and link to explanation about it.
The explanation is similar if not identical to that of your GC2.5

The RS_Pat is based on Rsi( Based on a modified ROC logic). Hence the values of the currencies are between 8 and -8. I think your GC2.5 is (1)unbounded, but I may be wrong, and based on (2)Volume and (3) difference between Open and Close or Close and previous Close(ROC of some kind, I am Guessing). As far as the logic of any RS indi goes, it can be any oscillator applied to a representative of a currency and displayed.

Attached is a pic of AUDUSD with your gc 2.5 in Subwindow 3

The subwindow 1 and two are very interesting.
Sub 1 is your OBV with QQE algo applied to it.( unbounded)
Sub 2 is a modified rsi with QQE applied to it.(Bounded) Both are calculated based on ROC and volume hence the similarity.

And finally, the last two are your OBVs with bands and Levels.

Bollinger is self evident.

Levels are based on your initial suggestion of looking for a large move, channeling the obv and trading the breakout, and disqualifying the channel with a three of a kind trend. looks good but mechanically "work in progress".

Cheers

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currency 2.5 __rs_pat.gif Size: 45 KB
  • #767
  • Oct 25, 2012 11:36pm Oct 25, 2012 11:36pm
Hi one and all from down-under

Firstly let me say thanks to GG53 for this strategy/system. I have my charts set up ready to go and I am very excited about what the future will bring.

Some time back in the early days of the thread and G you put forth your Gadi OBV indicator, a suggestion for an alert for when the indicator crossed our horizontal channel lines in the event of a possible breakout was put forward. I've had a quick look through the posts to see if this was ever answered because using the M15 charts, I have already missed some great breakouts through having to be away from my PC, but haven't found anything yet.
Price alerts are no problem, they're a dime-a-dozen, but finding an alert that can respond to the OBV values is a different story - unless of course somebody has one they could post up here.
If I was any sort of a coder I would have a go. I'm sure a price alert indi could in some way be adapted, but I'm not unfortunately, so I'm seeking the help of someone who has already been down this track or the help of one of the brilliant coders we have on this thread.

Have an awesome weekend everybody.

Graham
  • #768
  • Oct 26, 2012 12:21am Oct 26, 2012 12:21am
Quoting Pat1
The purpose of Gadi_Currencies is to supply a whole market overview in order to find opportunities, using just one chart and one indicator.

True

Your suggested approach is suitable for one currency pair per chart - using a base currency at the zero line and the other relation to it. This method is fine and good as a trading aid - but not as a general market filtering aid.

[color=blue]The market filtering tool you mention is the sorted display of currencies on the Right Hand Side of the sub window. Trade the highest currency...
Pat,

Can you please show an example trade of non-USD pair (GBPJPY, for example) with your suggested setup vs. standars Gadi_Currencies?

Thanks.

G.
  • #769
  • Oct 26, 2012 1:49am Oct 26, 2012 1:49am
G,

Cheers

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currency 2.5 __rs_pat.gif Size: 39 KB
  • #770
  • Edited 2:14am Oct 26, 2012 1:58am | Edited 2:14am
G,

And here is the same pic, with the Pat_RS values changed for Long Term View

Cheers

Pat

Edit: Vert Lines are possible trade entries and exit @ +/- 1 levels for an always in scenario. As you indicated earlier in this thread, this should be used in conjunction with a confirming indi. If placing trades with just this one indi SL and TP should be based on the indi and not the actual price of the instrument.
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currency 2.5 __rs_pat.gif Size: 42 KB
  • #771
  • Oct 26, 2012 2:51am Oct 26, 2012 2:51am
Quoting gg53
Gadi_OBV updated to MTF version.
MTF version is Gadi_OBV_v1.4.
TF parameter = 0 [Current chart TF], 1, 5, 15, 30, 60, 240, ...

Please share your chart insights & ideas using it's MTF feature.

Enjoy.

G.
G.

Thanks for coding this so quickly, I'm really enjoying learning to trade your system and look forward to testing the new Indi

Thanks, Jason
  • #772
  • Oct 26, 2012 3:27am Oct 26, 2012 3:27am
Quoting Pat1
G,

And here is the same pic, with the Pat_RS values changed for Long Term View

Cheers

Pat

Edit: Vert Lines are possible trade entries and exit @ +/- 1 levels for an always in scenario. As you indicated earlier in this thread, this should be used in conjunction with a confirming indi. If placing trades with just this one indi SL and TP should be based on the indi and not the actual price of the instrument.
Pat,

So as I suspected - this method is good for one currency pair at a time and not for screening opportunities and whole market view.
It also lacks the CORRELATION view between currencies.

This is a good and interesting way to look at currencies strength - but please consider the lack of the following:
As a single pair indicator it clearly shows currencies CROSSES - and that's not my method of entry.
It lacks the overall direction of the "flat" currency in relation to the market.
It lacks the CORRELATION view between currencies.

All and all - it might be a good addition/confirmation indicator for a single currency pair - AFTER selecting the pair from std. Gadi_Currencies.

Thanks, Pat.

G.
  • #773
  • Oct 26, 2012 4:24am Oct 26, 2012 4:24am
Good Morn G,

Since The "Base" indis are created from the RS Spaghetti indis, here is the picture of the the "Base" RS and Orig RS from which the previous one is derived.

I have elected to show GBP, EUR, USD and JPY . Interesting things happen when the base line is exposed to the +/- 1 level, and the correlation of EUR & GBP against USD &JPY.

Anyways , this was a good discussion and learnt something new. Keep Innovating.

Cheers

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currency 2.5 __rs_pat.jpg Size: 119 KB
  • #774
  • Oct 26, 2012 8:24am Oct 26, 2012 8:24am
Quoting Pat1
G,

And here is the same pic, with the Pat_RS values changed for Long Term View

Cheers

Pat

Edit: Vert Lines are possible trade entries and exit @ +/- 1 levels for an always in scenario. As you indicated earlier in this thread, this should be used in conjunction with a confirming indi. If placing trades with just this one indi SL and TP should be based on the indi and not the actual price of the instrument.

This looks really nice.....
  • #775
  • Oct 26, 2012 11:50am Oct 26, 2012 11:50am
Pat, it would be wonderful to check this weekend your idea with the indicator, could we have access to it?
Humble & Kalcker CLO2 = Covid killer
  • #776
  • Oct 27, 2012 2:55am Oct 27, 2012 2:55am
Quoting Pat1
G,

And here is the same pic, with the Pat_RS values changed for Long Term View

Cheers

Pat

Edit: Vert Lines are possible trade entries and exit @ +/- 1 levels for an always in scenario. As you indicated earlier in this thread, this should be used in conjunction with a confirming indi. If placing trades with just this one indi SL and TP should be based on the indi and not the actual price of the instrument.
hello Pat,

your always in idea looks great! any chance you could share the indie for the coders here to cook up an ea?

yeah gg53, thanks for your ideas...the gabi obv looks superb! any coders here able to transform the killzone indie into an ea? looks good for m15.
  • #777
  • Oct 27, 2012 4:03am Oct 27, 2012 4:03am
Once we understand the filtering, correlation, and the currencies strength from Gadi_Currencies concept - Let's get more confirmation and SQUEEZE a few more pips out of it.

At 13:30 we got an early warning about potential opportunity coming up.
Both EUR & JPY broke the Dynamic Levels on the M15 chart (our MAIN filtering chart).
At 14:15 we got a signal that the direction have changed - and we can BUY (EURJPY & EURUSD).

However, we can use the the M5 chart AFTER the the first signal from the M15 (@13:30) and start watching the M5 chart.
The M5 chart gives both confirmation of the opposite move and an entry signal at 13:50. That's a 25 Minutes earlier than the M15 chart signal.

Use this technique with with the higher TF as a leading chart and the lower TF as a confirmation and accurate entry.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: early.gif Size: 68 KB
Click to Enlarge Name: early2.gif Size: 35 KB
  • #778
  • Edited 5:37am Oct 27, 2012 4:59am | Edited 5:37am
Quoting gg53
Once we understand the filtering, correlation, and the currencies strength from Gadi_Currencies concept - Let's get more confirmation and SQUEEZE a few more pips out of it.

.....
G.
Hi GG,
Have been reviewing your earlier posts trying to fit it all together.
There was passing reference to the yellow line and Twiggs Money Flow.
Do you use it as part of this strategy? Or do you just look at the OBv, Normalised volume and Tick Volume for entry?
Thanks,
Ep
Attached Image
  • #779
  • Oct 27, 2012 5:24am Oct 27, 2012 5:24am
Quoting EaglePip
Hi GG,
Have been reviewing your earlier posts trying to fit it all together.
There was passing reference to the yellow line and Twiggs Money Flow.
Do you use it as part of this strategy? Or do just look at the OBv, Normalised volume and Tick Volume for entry?
Thanks,
Ep
EaglePip,

I'm using my version of the Twiggs Money Flow to detect DIVERGENCE between Gadi_OBV and the "Twiggs".
This is done to identify between the Elephants and the Fools money direction.
Beside divergence - "Twiggs" peeks and troughs are considered "Strong" points of entry.

G.
  • #780
  • Oct 27, 2012 5:35am Oct 27, 2012 5:35am
Quoting gg53
EaglePip,
....
G.
Ok. Thanks.
Will need to set it up and practice.

EP.
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