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The gg53 "Killing Zone"

  • #1,161
  • Nov 17, 2012 5:15pm Nov 17, 2012 5:15pm
While you are thinking (?) about a simple question - here is a modified version of Gadi_Currencies for a single pair.
Same logic - with an added feature of calculating the difference between the two currencies.
If you follow the White indicator (Diff.) - its high/low points are the maximum diff between the currencies. The zero cross is where the currencies cross (not an entry signal in my books...).

Enjoy,

G.
Attached File(s)
File Type: ex4 Gadi_Currencies _v3.0_Diff.ex4   10 KB | 1,270 downloads
  • #1,162
  • Nov 17, 2012 6:58pm Nov 17, 2012 6:58pm
Quoting gg53
While you are thinking (?) about a simple question - here is a modified version of Gadi_Currencies for a single pair.
Same logic - with an added feature of calculating the difference between the two currencies.
If you follow the White indicator (Diff.) - its high/low points are the maximum diff between the currencies. The zero cross is where the currencies cross (not an entry signal in my books...).

Enjoy,

G.
Hey G,

That's like the indi I displayed some time ago along with the Pat_RS Post 672-674.
Notice that for a particular currency pair it is the trough and the peek that gives an early signal. Just as you do with Gadi Currencies where you can tell that a particular currency has reached its zenith and is bound to reverse.

Cheers

Pat
  • #1,163
  • Nov 17, 2012 7:27pm Nov 17, 2012 7:27pm
Quoting Pat1
Hey G,

That's like the indi I displayed some time ago along with the Pat_RS Post 672-674.
Notice that for a particular currency pair it is the trough and the peek that gives an early signal. Just as you do with Gadi Currencies where you can tell that a particular currency has reached its zenith and is bound to reverse.

Cheers

Pat
Pat,

Yes, that's the way to treat the signals of the Diff. - by peek & trough. The white Diff is more readable than "calculating" with your eyes the direction.

G.
  • #1,164
  • Nov 17, 2012 8:05pm Nov 17, 2012 8:05pm
Quoting gg53
Sabrina,

Assuming I have a system that have at least 60%-70% win rate and more than 80% accurate entries (and this one is) - I don't have to lose a trade on a currency pair.

Please think about it - and "get out of the box" and forget all those Forex text books.

G.
Hello G,

sorry for my late answer... i was in a "box" watching 007 Skyfall this night (love Daniel Craig ), it is an "interesting" movie... you can also understand the Unbelieveable rise of Euro from it....

So: aaaaaaahhh it was a trick question... (sorry google traslator)..
You say that you have at least 60%-70% win rate and it is ok... then you say that you have more than 80% accurate entries and it could be ok, but then you say that you don't have to lose a trade on a currency pair... and this is not ok.. if you have a 70% win rate what is the remaining 30%? aahh yes the same thing as profit - with a Minus sign (-).....!!!??? I see no logic in this way of thinking...(maybe it is logic in the 007 movie but not in real trading...)

The question was what do you do WHEN you HIT the StopLoss... i think that you have not yet answer...

G please explain to me.. i can not understand you!!

Sabrina
  • #1,165
  • Nov 17, 2012 8:13pm Nov 17, 2012 8:13pm
Quoting sabrys5769
Hello G,

sorry for my late answer... i was in a "box" watching 007 Skyfall this night (love Daniel Craig ), it is an "interesting" movie... you can also understand the Unbelieveable rise of Euro from it....

So: aaaaaaahhh it was a trick question... (sorry google traslator)..
You say that you have at least 60%-70% win rate and it is ok... then you say that you have more than 80% accurate entries and it could be ok, but then you say that you don't have to lose a trade on a currency pair... and this is not ok.. if you have a 70% win...
Sabrina,

That's not a trick question. You can hit a situation when your StopLoss is nearly hit - and get out of this trade with profit, or at least BE.
All the numbers are correct.
For just the coffee (no dinner) you suggested - there will be no more hints...

G.
  • #1,166
  • Nov 17, 2012 9:20pm Nov 17, 2012 9:20pm
Quoting gg53
There is a way out of StopLoss. THINK OUT OF THE BOX !!
A hint: Loss is mathematiclly the same thing as profit - with a Minus sign (-).

G.
If you are still to hit the SL, but ll the signals are pointing in the direction tht its going to get hit 101%. There is always the martingale way i.e calculate the no.of pips remaining to SL and place that many lots, as hedge, to cover your loss or atleast BE when u hit the SL on the other order.

P.S: Remember I havent tried this (lol), but i have always thought about it.
.
  • #1,167
  • Nov 17, 2012 9:37pm Nov 17, 2012 9:37pm
Quoting max pain
If you are still to hit the SL, but ll the signals are pointing in the direction tht its going to get hit 101%. There is always the martingale way i.e calculate the no.of pips remaining to SL and place that many lots, as hedge, to cover your loss or atleast BE when u hit the SL on the other order.

P.S: Remember I havent tried this (lol), but i have always thought about it.
max pain,

Martingale will cause you max pain...
But small part of the riddle is in your response (no martingale).

G.
  • #1,168
  • Edited 10:28pm Nov 17, 2012 9:55pm | Edited 10:28pm
Quoting gg53
max pain,

Martingale will cause you max pain...
But small part of the riddle is in your response (no martingale).

G.
Yea, I know Martingale can cause Max Pain (the only reason i dont do it cuz of the drawdown). But the strategy will still remain the same. Buy lots in opposite direction to counter the -ve order. Move first order to BE put in another order, until the -ve is taken out or almost nullified. If the market indication is still in same direction keep holding until it turns back, pocket the profit or reduce the loss
.
  • #1,169
  • Nov 18, 2012 11:02am Nov 18, 2012 11:02am
Quoting gg53
...here is a modified version of Gadi_Currencies for a single pair.
Same logic - with an added feature of calculating the difference between the two currencies.
If you follow the White indicator (Diff.) - its high/low points are the maximum diff between the currencies. The zero cross is where the currencies cross (not an entry signal in my books...).
Thank you for another amazing indicator!
  • #1,170
  • Nov 18, 2012 1:51pm Nov 18, 2012 1:51pm
Quoting gg53
Sabrina,

That's not a trick question. You can hit a situation when your StopLoss is nearly hit - and get out of this trade with profit, or at least BE.
All the numbers are correct.
For just the coffee (no dinner) you suggested - there will be no more hints...

G.
G,

If, when you say that you don't have to lose a trade on a currency pair, you mean that you get out of a trade with profit or at least BE, this is possible for you who are a great trader with lots of experience, for me not yet ( i'm sure that i will with your help) i have to accept the loss and move on ...

About your Hints: the first was "get out of the box"... does it mean that my psychological approach is wrong? ok i know nothing about psicology in trading... or you mean something else?
The second was "forget all those Forex text books"... I've read only a forex book and it was boring, all I know (and it is very very little) i learned in this forum.
The third was "Loss is mathematiclly the same thing as profit - with a Minus sign (-)".. does it mean that i have to think positive in any case? ok or you mean something else?

It would be a great hint if you could tell me what you do or think when you hit StopLoss, but if you never hit it (and I assure you that i strongly believe it) i can only image it by myself.

Sabrina

P.S. "Do (dinner) ut Des (hints)
  • #1,171
  • Nov 18, 2012 2:28pm Nov 18, 2012 2:28pm
Quoting sabrys5769
G,

If, when you say that you don't have to lose a trade on a currency pair, you mean that you get out of a trade with profit or at least BE, this is possible for you who are a great trader with lots of experience, for me not yet ( i'm sure that i will with your help) i have to accept the loss and move on ...

About your Hints: the first was "get out of the box"... does it mean that my psychological approach is wrong? ok i know nothing about psicology in trading... or you mean something else?
The second was "forget all those Forex text...
Sabrina,

1. "Get out of the box" - all the gurus and Forex text books say that every trade must be protected by a StopLoss (to prevent further losses).
Really? Isn't there another way?

2. Profit and Loss are mathematically identical beside the Minus sign (-) - You have learned to protect your profits (BE, trailing, etc.) - than why not protect your loss?

3. Loss - let's define loss: a loss is when the trade ended and the market "took" your money. If I "protect" my loss the money is still in the market and it's not a "loss". Yet.

4. I usually don't use a StopLoss. Just enter an equal trade in the opposite direction at the point that you normally put a stoploss.
Once that point is hit - you can go and sail around the world, take a vacation and return after a year... The loss amount will stay exactly the same. The difference is that your money is still in the market - you have time to think what to do - and it's not a loss, yet.

What to do next - in another post.

G.
  • #1,172
  • Nov 18, 2012 2:58pm Nov 18, 2012 2:58pm
Quoting gg53
Sabrina,

1. "Get out of the box" - all the gurus and Forex text books say that every trade must be protected by a StopLoss (to prevent further losses).
Really? Isn't there another way?

2. Profit and Loss are mathematically identical beside the Minus sign (-) - You have learned to protect your profits (BE, trailing, etc.) - than why not protect your loss?

3. Loss - let's define loss: a loss is when the trade ended and the market "took" your money. If I "protect" my loss the money is still in the market and it's not a "loss"....
Maybe let the hedge float until the next right setting appears... At this time you close the "wrong" trade and let the other run. This means however that you must stick to the screen until this happens.
  • #1,173
  • Nov 18, 2012 4:25pm Nov 18, 2012 4:25pm
Quoting gg53
Sabrina,

1. "Get out of the box" - all the gurus and Forex text books say that every trade must be protected by a StopLoss (to prevent further losses).
Really? Isn't there another way?

2. Profit and Loss are mathematically identical beside the Minus sign (-) - You have learned to protect your profits (BE, trailing, etc.) - than why not protect your loss?

3. Loss - let's define loss: a loss is when the trade ended and the market "took" your money. If I "protect" my loss the money is still in the market and it's not a "loss". Yet.

4....
ok... i wait for "what to do next" to understand better..

Sabrina
  • #1,174
  • Nov 18, 2012 8:58pm Nov 18, 2012 8:58pm
Quoting Middleastern
Maybe let the hedge float until the next right setting appears... At this time you close the "wrong" trade and let the other run. This means however that you must stick to the screen until this happens.
Once u hedge and "contain" your loss, there is no need to stick around if u dont have to , u can take over once u get back to the screen.
.
  • #1,175
  • Nov 19, 2012 6:46am Nov 19, 2012 6:46am
Hi gg53
Fine effort for a fine system
Have you ever thought of using the FLX currency index feeds from Sigtrader.
They may give a sharper response.
I would like to have a personal Skype chat with you & share my trading results & ideas if your interested.
My Skype name is nevmar69
I wonder how the FLX feeds would affect your Tick volume indie.
Kind regards
Neville
  • #1,176
  • Nov 19, 2012 7:29am Nov 19, 2012 7:29am
Hi, I'm making a robot but indy gadicurrencies was change the buffers and i can't found that values are each buffer... Thanks for advice...
Try don't lose pants never...
  • #1,177
  • Nov 19, 2012 9:35am Nov 19, 2012 9:35am
Quoting braintheboss
Hi, I'm making a robot but indy gadicurrencies was change the buffers and i can't found that values are each buffer... Thanks for advice...
braintheboss,

Gadi_Currencies up to v.3.0 didn't change. It displays AllCurrecies or only the pair on your chart.
Since MT4 doesn't allow more than 8 indicators - Gadi_Currencies v.3.0 displays only current chart pair + Diff indicator.
To access Gadi_Currencies v.3.0 indicators:
0 = first textual currency (in EURUSD it's the EUR, in GBPUSD it's the GBP, etc.)
1 = second textual currency (in EURUSD it's the USD, in GBPCHF it's the CHF, etc.)
2 = the Diff. indicator.

Please share your EA with us.

G.
  • #1,178
  • Nov 19, 2012 9:36am Nov 19, 2012 9:36am
Quoting nevmar
Hi gg53
Fine effort for a fine system
Have you ever thought of using the FLX currency index feeds from Sigtrader.
They may give a sharper response.
I would like to have a personal Skype chat with you & share my trading results & ideas if your interested.
My Skype name is nevmar69
I wonder how the FLX feeds would affect your Tick volume indie.
Kind regards
Neville
Neville,

I'll contact you via Skype later on.

G.
  • #1,179
  • Nov 19, 2012 9:44am Nov 19, 2012 9:44am
Hi Neville. I started using Sigtrader while studying the CICR thread and am using the indicators there. Haven't compared them with other feeds yet.
  • #1,180
  • Nov 19, 2012 10:23am Nov 19, 2012 10:23am
Hi gg53, I hope & pray that you your families & assocites are safe with what is happening in your country.

Hi drloyd cicr is a good system its a pity its now commercial, I often wonder if a trader can make 1000,s of pips a month why should he try to sell his
indies etc, thanks for your comment
regards
Neville
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