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The gg53 "Killing Zone"

  • #841
  • Oct 29, 2012 3:29pm Oct 29, 2012 3:29pm
Quoting gg53
Middleastern,

Good job !!
Thanks.

You can use "MarketInfo(Symbol(),MODE_STOPLEVEL)" to check if the SL is smaller than allowed and adjust to broker's minimum if the SL is smaller.

G.

Hi G.,
I´ve no idea how to use that MarketInfo function. Must take a look at the mql website to learn how. Not today though. If you have the time (or anyone with some coding skills for that matter), take a look at the EA´s SL and TP calculations and look for bugs. I tested it on two pairs and seems to be working ok (except for the broker minimum SL thingy, that is), but I don´t trust myself too much.

What´s the SL and trailing stop you usually apply on Gadi_OBV breakouts?
Thanks,

M.
  • #842
  • Oct 29, 2012 3:53pm Oct 29, 2012 3:53pm
Quoting Middleastern
Hi G.,
I´ve no idea how to use that MarketInfo function. Must take a look at the mql website to learn how. Not today though. If you have the time (or anyone with some coding skills for that matter), take a look at the EA´s SL and TP calculations and look for bugs. I tested it on two pairs and seems to be working ok (except for the broker minimum SL thingy, that is), but I don´t trust myself too much.

What´s the SL and trailing stop you usually apply on Gadi_OBV breakouts?
Thanks,

M.
Middleastern,

I've already posted that several times.
SL = PSAR or previous high/low if PSAR doesn't exist.
BE = when in 8-10 pips profit set SL to BE+2xspread+1.
TS = 8
TP = 2xSL (Min.)

G.
  • #843
  • Oct 29, 2012 4:15pm Oct 29, 2012 4:15pm
Quoting gg53
Middleastern,

I've already posted that several times.
SL = PSAR or previous high/low if PSAR doesn't exist.
BE = when in 8-10 pips profit set SL to BE+2xspread+1.
TS = 8
TP = 2xSL (Min.)

G.
Thanks, sorry to make you repeat things all over again... g´night...
  • #844
  • Oct 29, 2012 10:36pm Oct 29, 2012 10:36pm
i have questions, i use a 5 digit broker. will the breakout happen +/- 10 points on the indicator? or +/- 100 points? The YELLOW LINE is +/- 10 points. The RED line is +/- 100 points. Which is correct? thanks
Attached Image (click to enlarge)
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  • #845
  • Oct 30, 2012 3:38am Oct 30, 2012 3:38am
Middleastern,

on my demo, v1.1 trades were triggered this morning, but the weird thing is, some trades like buy audusd were correct when u check the gadi obv indie but some like sell eur/usd were wrong cos the gadi indie was pointing up but the ea entered short. its pretty weird.

v1.0 on another demo entered long eu and was profitable.

do u think u could program an ea from the mn killing zone v1.3 indie? that indie with the arrows on the px chart and the horizontal lines on the gabi obv...it looks accurate on placed on m15 n m60.

any coders here willing to give it a shot? it looks like a great indie so i'm surprised no coder has attempted the ea conversion yet.
  • #846
  • Oct 30, 2012 4:00am Oct 30, 2012 4:00am
Quoting fxprotrader
Middleastern,

on my demo, v1.1 trades were triggered this morning, but the weird thing is, some trades like buy audusd were correct when u check the gadi obv indie but some like sell eur/usd were wrong cos the gadi indie was pointing up but the ea entered short. its pretty weird.

v1.0 on another demo entered long eu and was profitable.

do u think u could program an ea from the mn killing zone v1.3 indie? that indie with the arrows on the px chart and the horizontal lines on the gabi obv...it looks accurate on placed on m15 n m60.

any coders...
fxprotrader,

I already asked that gazilion times.
Also, I asked users here to share their experience with Gadi_OBV breakout on H1 & M15 and other TF - which one is prefered (with reasoning).

The result was very little responses - if at all....

(Frustrated) G.
  • #847
  • Oct 30, 2012 4:09am Oct 30, 2012 4:09am
Quoting chikanesoup
i have questions, i use a 5 digit broker. will the breakout happen +/- 10 points on the indicator? or +/- 100 points? The YELLOW LINE is +/- 10 points. The RED line is +/- 100 points. Which is correct? thanks
chikanesoup,

The initial (recommended) breakout was 10 "indicator points" above/below the volume channel. My request to the coders was to make it a fraction of percent and not an arbitrary number.

In your posted chart - this should be 660+10=670 and -13-10=-23.

G.
  • #848
  • Oct 30, 2012 4:34am Oct 30, 2012 4:34am
Here is a great example of normaly correlated pair that start to move in opposite direction (USD & JPY - no correlation anymore.

G.
Attached Image (click to enlarge)
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  • #849
  • Oct 30, 2012 5:35am Oct 30, 2012 5:35am
Quoting gg53
Bomi,

Correlation is defined by currency/currency comparison - not by pairs comparison.

G.
gg Thank you.
  • #850
  • Oct 30, 2012 5:43am Oct 30, 2012 5:43am
Quoting gg53
Ok, now we all master the entry signal.
We also master the art of identifying correlated currencies.

In the previous example we bought the GBPUSD and, by relying on USD & JPY correlation, we also bought the GBPJPY.

Now we are all happy with our "doubled" pips.

Really?
That's it?
Aren't you forgetting something?
That's the most you can do?

Try this:
Divide the GBPJPY rate by the GBPUSD rate at the point of entry.
Store the result.
Now look at the USDJPY rate at that point.
Compare it to the stored result.
Ahhhh ?!?!

By the division...
Man u r GENIUS
bomi
  • #851
  • Oct 30, 2012 6:03am Oct 30, 2012 6:03am
Some non-related news can affect your Forex trading.
It's good to learn how to read the news with a Forex mindset.

Example 1:
Huricane Sandy - if it's going to heavilly hit the east coast there will be some potential damage to oil refineries there.
The POTENTIAL alone will increase the OIL prices.
The Canadian currency (CAD) will increase since Canada is a major oil exporter.

Example 2:
If the Iranian nuclear crisis remains the same (no resolution) - the chances of a joint military action against Iran will increase dramaticaly.
Chances are that this will not happen until after the US election and after the Israeli election in January.
So you can conclude (if that situation remains unchanged) to a sharp increase in Oil prices. Iran is a major exporter and there is a fear that it might damage some neighboring Oil-producing countries if attacked.
The CAD will increase in strength, if situation remains static, toward January end.

G.
  • #852
  • Oct 30, 2012 6:05am Oct 30, 2012 6:05am
My Gadi OBV is mostly flat and difficult to trade the breakouts. Is there anything I can do? I trade on the IBFX platform.
Thanx
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  • #853
  • Oct 30, 2012 6:06am Oct 30, 2012 6:06am
Quoting Middleastern
Hello all,
Version 1.1 of the EA seems to be working ok. I´ve added Panamamike´s request for a user-defined enlargement of the Gadi_OBV tunnel (a percentage of the tunnel width) as the threshold to trigger a trade. Default is 0 = no enlargement whatsoever. Remember that we´re talking about the indicator´s tunnel, not the price range of the Asian session. I was a bit reluctant to add this. I don´t really want to start tweaking things over before we haven´t even tested it, but it was easy to add so here it is.

There´s an option to use the last bar´s...
Hi Mid,

when i try to load Godi Asian Breakout 1.1 on my chart it is not working anything on my chart.... I have saved it in my indicator folder and also it is showing in cutomes too but while loading it is not showing on chart. what should I do?
  • #854
  • Oct 30, 2012 6:07am Oct 30, 2012 6:07am
Quoting tixy
My Gadi OBV is mostly flat and difficult to trade the breakouts. Is there anything I can do? I trade on the IBFX platform.
Thanx
tixy,

There is no Gadi_OBV on your posted chart...

G.

EDIT:
Now I see it - shared window with Gadi_NormalizedVolume...
Put Gadi_OBV on a separate window - otherwise it will "shrink" according to the volume proportions.
  • #855
  • Oct 30, 2012 6:11am Oct 30, 2012 6:11am
Quoting gg53
tixy,

There is no Gadi_OBV on your posted chart...

G.
Yes there is. Its the black indicator superimposed over the normalized volume
  • #856
  • Oct 30, 2012 6:14am Oct 30, 2012 6:14am
Quoting tixy
Yes there is. Its the black indicator superimposed over the normalized volume
tixy,

I edited my response #854.

G.
  • #857
  • Oct 30, 2012 6:15am Oct 30, 2012 6:15am
Here it is on its own
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  • #858
  • Oct 30, 2012 6:20am Oct 30, 2012 6:20am
Quoting gg53
tixy,

I edited my response #854.

G.
Thankyou G. Its still flat though isn't it?
  • #859
  • Oct 30, 2012 6:22am Oct 30, 2012 6:22am
Quoting tixy
Here it is on its own
tixy,

Increase the indicator window height.
See attached - same currency, same TF.

G.
Attached Image (click to enlarge)
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  • #860
  • Oct 30, 2012 6:23am Oct 30, 2012 6:23am
Quoting gg53
fxprotrader,

I already asked that gazilion times.
Also, I asked users here to share their experience with Gadi_OBV breakout on H1 & M15 and other TF - which one is prefered (with reasoning).

The result was very little responses - if at all....

(Frustrated) G.
Please don't lose hope G. As soon as I can read my Gadi OBV I'll give you some feedback.
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