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The gg53 "Killing Zone"

  • #961
  • Nov 5, 2012 12:02am Nov 5, 2012 12:02am
thanks alot gg....really appreciated.

looking forward to new release today... all the best.

Quoting gg53
alij79,

The time setting in Gadi_OBV (next release) should be according to your BROKER time and not your local time.

Asian Session starts at 00:00 GMT (Tokyo open) and ends with Europe Open - Frankfurt (07:00 GMT) or London (08:00 GMT).

See Forex timing here:
http://www.forexmarkethours.com/GMT_hours/02/

I prefer the Frankfurt open as an end to the Asian session for VOLUME breakout.

The next release of Gadi_OBV will be tomorrow afternoon.

G.
  • #962
  • Nov 5, 2012 1:06am Nov 5, 2012 1:06am
hi gg... pls see the image , the asian channel is not formed once frankfurt opened and my end hour in indicator was frankfurt open... its only showing high red line.... what could be the problem for channel not being shown?

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 19 KB
  • #963
  • Nov 5, 2012 3:43am Nov 5, 2012 3:43am
Quoting alij79
hi gg... pls see the image , the asian channel is not formed once frankfurt opened and my end hour in indicator was frankfurt open... its only showing high red line.... what could be the problem for channel not being shown?

regards,
alij79,

The channel is formed only if the channel "end" bar is complete.
I think that in your posted chart that "hour" is not yet completed.

G.
  • #964
  • Nov 5, 2012 4:16am Nov 5, 2012 4:16am
the hour was complete but it formed channel after closure of next bar on 15 m chart.

Quoting gg53
alij79,

The channel is formed only if the channel "end" bar is complete.
I think that in your posted chart that "hour" is not yet completed.

G.
  • #965
  • Nov 5, 2012 4:17am Nov 5, 2012 4:17am
Gadi_OBV - updated - v.2.2

Features:
Channel appears AFTER channel time is completed.
If enabled - Channel start/end time appears on main chart.
MTF.

I didn't have much time to check it - so please report bugs.

Enjoy.

G.
Attached File(s)
File Type: ex4 Gadi_OBV_v2.2.ex4   7 KB | 1,418 downloads
  • #966
  • Edited 5:20am Nov 5, 2012 4:39am | Edited 5:20am
EURUSD > -10 pips
GBPUSD > +20 pips
EURJPY > +24 pips
34 pipS
moved my stoploss at every +10 pips
thanks gg

EDIT: just for clarifications yeah? do i have to wait for the current candle to close before confirming a valid breakout? anybody with an answer please
Attached Image (click to enlarge)
Click to Enlarge Name: trade.png Size: 95 KB
  • #967
  • Nov 5, 2012 5:46am Nov 5, 2012 5:46am
Quoting omo_nla1
EURUSD > -10 pips
GBPUSD > +20 pips
EURJPY > +24 pips
34 pipS
moved my stoploss at every +10 pips
thanks gg

EDIT: just for clarifications yeah? do i have to wait for the current candle to close before confirming a valid breakout? anybody with an answer please
Breakout should be immediate. Read from start.
Also, you trade based on just one indicator without confirmations=dangerous!!

G.
  • #968
  • Nov 5, 2012 6:09am Nov 5, 2012 6:09am
Quoting gg53
Breakout should be immediate. Read from start.
Also, you trade based on just one indicator without confirmations=dangerous!!

G.

thanks G. just practicing all step by step

so immediate i spot a BO den i check the normalised volume yeah? if its above 0 (green) i trigger trade but if its blue i stay out yeah?

Please correct me G
thanks again
  • #969
  • Nov 5, 2012 1:44pm Nov 5, 2012 1:44pm
Quoting omo_nla1
thanks G. just practicing all step by step

so immediate i spot a BO den i check the normalised volume yeah? if its above 0 (green) i trigger trade but if its blue i stay out yeah?

Please correct me G
thanks again
omo_nla1,

Your 08:00 bar/candle start at 08:00 and closes at 09:00.
The result is late trading the Asian Breakout.
You are 1 hour AFTER London open and 2 hours AFTER Europe open (Frankfurt).

Trading correctly, Your EURUSD BUY breakout would have at least +10 pips.

G.
  • #970
  • Nov 5, 2012 2:08pm Nov 5, 2012 2:08pm
Quoting sabrys5769
Hello G,
If i can ask you.. What is your MM when you trade higher tf as H4 or D1? Is it like the one above (obviously with a different amount of pips) or you set it in another way?

Thank you
Sabrina
Thank you for the answer G..
  • #971
  • Nov 5, 2012 2:38pm Nov 5, 2012 2:38pm
Quoting sabrys5769
Thank you for the answer G..
sabrys5769,

Oooops, missed that question...
...and yes, same SL (PSAR/Fractal), same BE, 20%-30% more TrailingStop - AND looking for reversal signals on Gadi_Currencies for exit.

G.
  • #972
  • Nov 5, 2012 3:42pm Nov 5, 2012 3:42pm
Quoting gg53
sabrys5769,

Oooops, missed that question...
...and yes, same SL (PSAR/Fractal), same BE, 20%-30% more TrailingStop - AND looking for reversal signals on Gadi_Currencies for exit.

G.
Oooops... Now you are forgiven.....

Thank you much appreciated
Sabrina
  • #973
  • Nov 5, 2012 8:47pm Nov 5, 2012 8:47pm
Quoting gg53
Sabrina,

This is a very good and safe (low risk) trade.

I would have entered this trade about 8-12 hours earlier with confirmation from Gadi_OBV.

I don't use Support/Resistance in my trading unless they are some price's round numbers.


G.

Edit:

I just found out that our VPS EA did make the same trade...See the dotted line on the chart.


Gadi_OBV & Gadi_Currencies have a "predictive" nature - so for me they carry more "weight" in my trading decisions.
Add to that the fact that my "support/resistance" is the Elephants "round...
Hi G,

I saw you are using TF H4 in this case. Which time frame is the best fit for your strategy.

Thanks, Ron.
  • #974
  • Nov 5, 2012 9:29pm Nov 5, 2012 9:29pm
Quoting gg53
Gadi_OBV - updated - v.2.2

Features:
Channel appears AFTER channel time is completed.
If enabled - Channel start/end time appears on main chart.
MTF.

I didn't have much time to check it - so please report bugs.

Enjoy.

G.
Hi G,

Thanks for sharing the new version. Here is some testing:

1. Looks like should have a channel.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB


2. Gold shows a channel but the lines are not red & blue.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 25 KB


3. "Channel start/end time" : is this broker server time ?

4. What is PercentIncrease ?

Thanks, Ron
  • #975
  • Nov 5, 2012 9:48pm Nov 5, 2012 9:48pm
Quoting lvdfx888
Hi G,

Thanks for sharing the new version. Here is some testing:

1. Looks like should have a channel.
Attachment

2. Gold shows a channel but the lines are not red & blue.
Attachment

3. "Channel start/end time" : is this broker server time ?

4. What is PercentIncrease ?

Thanks, Ron

Gold's channel is now shifted UP:
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.gif Size: 47 KB
  • #976
  • Nov 5, 2012 11:36pm Nov 5, 2012 11:36pm
gg, channels are not getting formed in this versions, however they are visible in v2.1, i tried with multiple pairs and timeframes but result is same... seems to be some bug.....


Quoting gg53
Gadi_OBV - updated - v.2.2

Features:
Channel appears AFTER channel time is completed.
If enabled - Channel start/end time appears on main chart.
MTF.

I didn't have much time to check it - so please report bugs.

Enjoy.

G.
  • #977
  • Nov 6, 2012 12:19am Nov 6, 2012 12:19am
Quoting alij79
gg, channels are not getting formed in this versions, however they are visible in v2.1, i tried with multiple pairs and timeframes but result is same... seems to be some bug.....
It is ok on my chart:
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 21 KB
  • #978
  • Nov 6, 2012 5:38am Nov 6, 2012 5:38am
Quoting lvdfx888
Hi G,

I saw you are using TF H4 in this case. Which time frame is the best fit for your strategy.

Thanks, Ron.
Ron,

I used H4 to answer Sabrina questrion about higher TF's.
There is an explanation here about TF's.
The indicators are valid and accurate in any TF - there is a demo chart here even on M1.

The questions you should ask yourself are:
Is it realistic to gain 1:2 Risk/Reward ratio in this TF?
Can I protect my profit (BE) considering the broker limitations?
Am I trading with or against the major trend (against the trend requires faster and shorter SL/TP)?

When trading longer TF's you need ALL the confirmation available to line up.
The reason for this is that you don't want to find yourself in a heavy DrawDown on your way to profit.

I'm using H1 signals with confirmations from M15.
Occasionaly, when EVERYTHING "line up" I trade the H4.

G.
  • #979
  • Nov 6, 2012 5:46am Nov 6, 2012 5:46am
Quoting lvdfx888
Hi G,

Thanks for sharing the new version. Here is some testing:

1. Looks like should have a channel.
Attachment

2. Gold shows a channel but the lines are not red & blue.
Attachment

3. "Channel start/end time" : is this broker server time ?

4. What is PercentIncrease ?

Thanks, Ron
Ron,

Channel is formed AFTER the END hour is reached.
In your posted chart the channel is defined between 00:00 and 07:00 - and the chart current time is only 03:00.

The channel time is the BROKER time.
The PercentIncrease will draw a levels line above/below the channel Min./Max. value for more safe entry. It's usually a fraction of percent.

G.
  • #980
  • Nov 6, 2012 6:18am Nov 6, 2012 6:18am
gg... i wanted to know your success using this method with gold trading, how much success u achieved and what TF do u usually use for gold trading ?

I am trying gold with asian BO and tick volume .. is it enough for confirmation or volume normalization indicator shud be used as additional confirmation too?

and secondly what percentage increase value u use for gold... same 0.5?

waht abt SL and TP ... same method u use for currencies?

thanks....looking forward to ur valuable suggestions.
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