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The gg53 "Killing Zone"

  • #1,361
  • Dec 13, 2012 4:49pm Dec 13, 2012 4:49pm
Quoting TheForce
Hi G

I was just catching up on the thread after a long break away from trading and was just curious as to whether you got round to creating an alert for
Gadi_OBV channel breakout? I am just scalping small moves off the 15min and I seem to be missing the odd trade for obvious reasons.

Thanks in advance and sorry if you have addressed this already as I am still catching up
TheForce,

Welcome back, long time no see, no hear, no nada...

Yes, I'm working on Gadi_OBV to address 2 more issues: more time-related channels and alerts on channels breakouts.
I'm quite busy right now - so it might take a few days to complete.

Welcome back!

G.
  • #1,362
  • Dec 14, 2012 4:37pm Dec 14, 2012 4:37pm
Quoting gg53
Sabrina,

As I suspected, some of your trades leads us to lesson #1 - The "Killing Zone"...
Reduce your H4 trades at 08:00 to a lower TF, i.e. H1, and check the "Killing Zone".
I took a snapshot of just one of them - the 25.9.2012 @ 08:00 - and you shouldn't take that trade.
Instead, if you took the "Killing Zone" -Asian breakout - you could easilly make more than +30 pips on the breakout, instead of loosing it.
That trade lasted till 13:00 that day.

On the other side breakout you had another +30 pips awaiting for you... Ouch !
See attached...



G, About the lesson #1 and the most important filter.. never, ever, trade a “killing zone”, it is not as simple as it seems in h4.
I have 31 signals from my BT and 15 of them are in the killing zone, if i consider to avoid the trades at 00:00, 04:00 and 08:00, i cut my profit.. about 200 pips less.
I know that three months of results are quite few and certainly less pips mean nothing if i can have more safe signals and a slight DD, but... what do you think about it?

Sabrina
  • #1,363
  • Edited 7:10pm Dec 14, 2012 6:40pm | Edited 7:10pm
Quoting sabrys5769
G, About the lesson #1 and the most important filter.. never, ever, trade a “killing zone”, it is not as simple as it seems in h4.
I have 31 signals from my BT and 15 of them are in the killing zone, if i consider to avoid the trades at 00:00, 04:00 and 08:00, i cut my profit.. about 200 pips less.
I know that three months of results are quite few and certainly less pips mean nothing if i can have more safe signals and a slight DD, but... what do you think about it?

Sabrina
Sabrina,

First of all, many professional traders avoid the Asian session all together.

The 200 pips that you mentioned are not a "loss" - those are missed opportrunities that carry heavy risks and DD.
Even your own test results clearly show that.
200 pips in 3 month are 3-4 pips a day. You know that I would give it up considering the risk and DD involved.

1. Your 00:00 bar actually closes at 04:00 - that's within the Asian session - and that's the only issue to deal with.
Instead of H4 - trade the Daily chart (D1) - if you must.
2. Your 04:00 bar actually closes at 08:00 - that's out of the Asian session - move to lower TF (H1/H15) for entry or trade the Breakout.

Trading the Daily chart will replace your potential 200 pips with much, much more.
Attached is ~90 days trading the Daily chart using the following rules:
first occurrence of 3 color match.
Gadi_OBV in same direction.
Gadi_Currencies Diff in same direction - currencies are on opposite sides of the 0 line.

G.

EDIT:
Ignoring the Gadi_Trend (lagging) - will give you earlier entry and more opportunities (same rules as above) - the added risk is minimal, but it's there.
Attached Image (click to enlarge)
Click to Enlarge Name: daily90.gif Size: 46 KB
  • #1,364
  • Dec 14, 2012 7:32pm Dec 14, 2012 7:32pm
Quoting gg53
Sabrina,

First of all, many professional traders avoid the Asian session all together.

The 200 pips that you mentioned are not a "loss" - those are missed opportrunities that carry heavy risks and DD.
Even your own test results clearly show that.
200 pips in 3 month are 3-4 pips a day. You know that I would give it up considering the risk and DD involved.

1. Your 00:00 bar actually closes at 04:00 - that's within the Asian session - and that's the only issue to deal with.
Instead of H4 - trade the Daily chart (D1) - if you must.
2. Your...
You can get rid of the OBV on the chart above. A red bar on the Normalized volume always coincides with a downtick on the OBV. A blue bar always coincides with an uptick.
  • #1,365
  • Dec 14, 2012 8:12pm Dec 14, 2012 8:12pm
Quoting billbss
You can get rid of the OBV on the chart above. A red bar on the Normalized volume always coincides with a downtick on the OBV. A blue bar always coincides with an uptick.
billbss,

You can. I don't.
I also trade the Gadi_OBV breakouts - and use it to identify Killing-Zones.
It's hard to do on Histograms.

G.
  • #1,366
  • Dec 14, 2012 8:43pm Dec 14, 2012 8:43pm
Quoting gg53
billbss,

You can. I don't.
I also trade the Gadi_OBV breakouts - and use it to identify Killing-Zones.
It's hard to do on Histograms.

G.
I understand. I was referring to it's use on the daily chart that you were explaining.
  • #1,367
  • Dec 15, 2012 12:26am Dec 15, 2012 12:26am
Request:

Can someone please write an indicator that will draw a channel on Gadi_OBV based on:
At least 6 consecutive bars based on Ichimoku Kinko Hyo indicator (standard MT4: 9,26,52) where the Kijun_Sen line (the blue line) is absolutly flat.
The channel should continue as long as the Kijun_Sen line is flat.

Thanks.

G.
  • #1,368
  • Dec 15, 2012 5:51am Dec 15, 2012 5:51am
Quote
2. Your 04:00 bar actually closes at 08:00 - that's out of the Asian session - move to lower TF (H1/H15) for entry or trade the Breakout.

Yes i know that the trade at 08:00 is out of the Asian session, i avoided trading at that hour because my test results get worse and i can not move to lower TF.

Quote
Trading the Daily chart will replace your potential 200 pips with much, much more.

I thought I could not trade D1 with this approach because doing so i trade the "killing zone" entirely, but after looking at the chart you posted i will take seriously account of it.

Thanks for everything you do for me, I am really grateful

Sabrina
  • #1,369
  • Dec 17, 2012 3:22am Dec 17, 2012 3:22am
Hi Everybody,

I just noticed that on larger TF (f.e H4), we can use divergence on Gadi_Currencies_Diff indi as early warning that something might happen soon :-)

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_div.jpg Size: 262 KB
  • #1,370
  • Dec 17, 2012 9:01am Dec 17, 2012 9:01am
Quoting whydak
Hi Everybody,

I just noticed that on larger TF (f.e H4), we can use divergence on Gadi_Currencies_Diff indi as early warning that something might happen soon :-)

Thanks
Thankyou whydak! I hadn't notice that.
  • #1,371
  • Dec 17, 2012 9:04am Dec 17, 2012 9:04am
Quoting whydak
Hi Everybody,

I just noticed that on larger TF (f.e H4), we can use divergence on Gadi_Currencies_Diff indi as early warning that something might happen soon :-)

Thanks
whydak,

Yes, Good catch.
I was looking for an indicator to draw it automatically (divergence indie) before posting this feature...
You are ahead of me...
...and it doesn't have to be on higher TF's - see Attached (M15).

Just another proof that Gadi_currencies is a predictive tool.

Thanks, whydak.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: diff_divergence.gif Size: 29 KB
  • #1,372
  • Dec 17, 2012 9:25am Dec 17, 2012 9:25am
Quoting gg53
whydak,

Yes, Good catch.
I was looking for an indicator to draw it automatically (divergence indie) before posting this feature...
You are ahead of me...
...and it doesn't have to be on higher TF's - see Attached (M15).

Just another proof that Gadi_currencies is a predictive tool.

Thanks, whydak.

G.
I checked several months of data on EURUSD weekly, daily and H4 charts and Gadi_currencies gave much better divergence indications than RSI 7.
  • #1,373
  • Dec 17, 2012 9:46am Dec 17, 2012 9:46am
Quoting gg53
whydak,

Yes, Good catch.
I was looking for an indicator to draw it automatically (divergence indie) before posting this feature...
You are ahead of me...
...and it doesn't have to be on higher TF's - see Attached (M15).

Just another proof that Gadi_currencies is a predictive tool.

Thanks, whydak.

G.
Guys, I had some time on my plate so here is Currencies Divergence Diff indicator.
Attached File(s)
File Type: ex4 Currencies_Divergence_v1.ex4   11 KB | 705 downloads
File Type: ex4 Gadi_Currencies _v3.0_Diff.ex4   10 KB | 729 downloads
  • #1,374
  • Dec 17, 2012 10:31am Dec 17, 2012 10:31am
Quoting altoronto
Guys, I had some time on my plate so here is Currencies Divergence Diff indicator.
Thanx altoronto. I'll give it a whirl
  • #1,375
  • Dec 17, 2012 10:46am Dec 17, 2012 10:46am
Altoronto any chance you can add the suffix onto the divergence indicator? It won't load up on the charts without it. Cheers
  • #1,376
  • Dec 17, 2012 11:06am Dec 17, 2012 11:06am
Quoting altoronto
Guys, I had some time on my plate so here is Currencies Divergence Diff indicator.

You also see very nice divergence on the tick-volume indicator. Can you fix that too?
  • #1,377
  • Dec 17, 2012 11:56am Dec 17, 2012 11:56am
Hi GG53, Sabrina and others,

I would really appreciate it if you could post the latest indicators and template you are using. It is such a hassle going through every single post here and trying out all the different versions of the indicators.

I would truly appreciate your help!

Have a nice evening,
DK
  • #1,378
  • Edited 12:16pm Dec 17, 2012 12:00pm | Edited 12:16pm
Quoting dakuki
Hi GG53, Sabrina and others,

I would really appreciate it if you could post the latest indicators and template you are using. It is such a hassle going through every single post here and trying out all the different versions of the indicators.

I would truly appreciate your help!

Have a nice evening,
DK
dakuki,

I'll ask jusiur to put all authorized/recommended indies/utilities in the first post of this forum.

G.
  • #1,379
  • Dec 17, 2012 12:13pm Dec 17, 2012 12:13pm
Quoting gg53
dakuki,

I'll ask jusiur to put all authorized/recommended in the first post of this forum.

G.
jusiur (our forum host) is faster than lightning...
It's already there - with explanations - (post #1).

Thanks jusiur !!

G.
  • #1,380
  • Dec 17, 2012 12:39pm Dec 17, 2012 12:39pm
Quoting safsyed
Altoronto any chance you can add the suffix onto the divergence indicator? It won't load up on the charts without it. Cheers
Maybe you missing Gadi Currencies Diff indicator in indicator folder, check Alerts tab in MT4?
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