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The gg53 "Killing Zone"

  • #1,541
  • Apr 12, 2013 5:27pm Apr 12, 2013 5:27pm
Quoting gg53
imaxi, I'll gladly answer any question you might have toward developing a profitable EA. A hint: you should first concentrate on choosing the right currency pair, with most likely strength/weakness relation (the WHAT issue) - and only than apply other indicators to it (the WHEN issue). G.
Thank you for the wise words. I remember you said once that this is a game of difference. The (WHAT issue) is when the game changer tilts the (WHEN issue). As for what I did to the EA was look at it from an angle that has the tilt perception of imbalance. At this point no other indicators have been applied. Its purely based on the "Killing Zone". As you said, volume is the driving froce. The (WHEN issue) is when the volume has enough tilt to cause the shift in the game. Thats where we want to be sitting, unnoticed.

So the second step or lets say the first step is to use the currencies to guide the strength/weakness and then use volume to judge the (WHEN).

I hope im making sense. Please correct me if im wrong.
  • #1,542
  • Apr 12, 2013 6:20pm Apr 12, 2013 6:20pm
Quoting imaxi
Thank you for the wise words. I remember you said once that this is a game of difference. The (WHAT issue) is when the game changer tilts the (WHEN issue). As for what I did to the EA was look at it from an angle that has the tilt perception of imbalance. At this point no other indicators have been applied. Its purely based on the "Killing Zone". As you said, volume is the driving froce. The (WHEN issue) is when the volume has enough tilt to cause the shift in the game. Thats where we want to be sitting, unnoticed. So the second step or lets say...
imaxi,

Sorry, no corrections... you are right.
Use the Currencies indicator to select your trading pair - implement the volume indicator to catch the proper timing.
Using this method will dramatically increase your winning ratio.

Using the "breakout" technique will also improve by first choosing the correct currency pair.

Let me know if I can assist in the programming development process.

G.
  • #1,543
  • Apr 13, 2013 8:11am Apr 13, 2013 8:11am
Quoting gg53
. . . It's not a question of "combining" the two. The real question should be "where is the money going to" - to which currency? (note "currency" and not "currency pair"). Example: if the EURUSD is going down - does it mean that the elephants are shifting money to the USD? does it mean that the elephants are shifting money away from the EUR? maybe none of the above - the elephants are shifting money towards GOLD or maybe JPY or GBP? That's the proper way to look at the market. Forex is a market of currencies - not currency pairs. Currency...
GG can I respectfully request an extension with respect to above quote. The truth is that I have been researching the subject very deeply and I found valuable information. The problem is that information is interesting but not sure which is the right path to follow, without losing focus in your concept. In my previous posts (1.508, 1.509, 1.510) I have tried to share some of what I've learned in this search, but without your guide really am confused.
I know that Gady_currencies itīs a good tool, but also i know that there is something more to know about where elephants are shifting the money, please give some help in this. Tks.
Humble & Kalcker CLO2 = Covid killer
  • #1,544
  • Apr 13, 2013 10:15am Apr 13, 2013 10:15am
Attached Image (click to enlarge)
Click to Enlarge Name: breakout.png Size: 100 KB
Quoting jusiur
GG can I respectfully request an extension with respect to above quote. The truth is that I have been researching the subject very deeply and I found valuable information. The problem is that information is interesting but not sure which is the right path to follow, without losing focus in your concept. In my previous posts (1.508, 1.509, 1.510) I have tried to share some of what I've learned in this search, but without your guide really am confused. I know that Gady_currencies itīs a good tool, but also i know that there is something more...
jusiur,

The currencies indicator logic is already explained in this forum.
It's main purpose is to have an overall view of the forex market and its main currencies.

I don't like to use some "convenient" historical data - so let's use last day trading (it's Friday, not a good example - but that's what we have...).

See the currencies chart - horizontal lines A & B are the boundries of the "Spaghetti" (you can use any timeframe).
Suddenly we see the YEN jumping up out of those boundries (vertical line C).

That's a signal to BUY the YEN, but against what other currency?
Against those who are showing opposite direction, i.e. dropping in relative value and preferably those that are below the 0 (zero) line.

Now that you have an "overview" of the market - go to your trading chart and use whatever indicators you want and trade the relevant pairs.
I can assure you that any YEN pair that meets those criteria after the C vertical line (in this example) will be profitable. Test me...

This chart is always my main chart for trading - and the currencies indicator is on full screen (never mind what is the chart currency pair - it will always looks the same).

There is much more logic behind this method than constantly choosing some x/y pair - that might be currently moving in the same direction and with close tolerance - creating false buy/sell signals.

Some of you mentioned the HAWKEYE trading system - this one is very much like the FATMAN indicator in its usage (different logic).

See attached chart... and let me know if you need more explanations.

G.
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Click to Enlarge Name: eurusdh4.png Size: 97 KB
  • #1,545
  • Apr 13, 2013 10:30am Apr 13, 2013 10:30am
Same technique as above message on H1 & M15...

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: breakouth1.png Size: 117 KB
Click to Enlarge Name: breaoutm15.png Size: 100 KB
  • #1,546
  • Apr 13, 2013 10:36am Apr 13, 2013 10:36am
BTW:
Regarding latest 2 posts:
You can trade ALL the relevant currency pairs that meet the above criteria against the YEN (JPY).

G.
  • #1,547
  • Apr 14, 2013 8:32am Apr 14, 2013 8:32am
Quoting gg53
{image} jusiur, The currencies indicator logic is already explained in this forum. It's main purpose is to have an overall view of the forex market and its main currencies. I don't like to use some "convenient" historical data - so let's use last day trading (it's Friday, not a good example - but that's what we have...). See the currencies chart - horizontal lines A & B are the boundries of the "Spaghetti" (you can use any timeframe). Suddenly we see the YEN jumping up out of those boundries (vertical line C). That's a signal to BUY the YEN,...
Try as I might i cannot get the indicator to show anything other than the single pair (chart pair), how do you display all of the currencies.

I see that the indicator ( Gladi_Currencies_3.1) has a suffix field but no matter what I enter ... it does not seem to work !

What am I doing wrong ???
  • #1,548
  • Apr 14, 2013 9:26am Apr 14, 2013 9:26am
Use this one. I think you might be using the later versions which only show a currency pair.

Always check the file names in the screenshots if you're not sure. In gg's one you can see he's using currencies 2.7.
Attached File(s)
File Type: ex4 Gadi_Currencies _v2.8.ex4   11 KB | 1,445 downloads
  • #1,549
  • Apr 14, 2013 10:18am Apr 14, 2013 10:18am
Quoting Visari
Use this one. I think you might be using the later versions which only show a currency pair. Always check the file names in the screenshots if you're not sure. In gg's one you can see he's using currencies 2.7. {file}
Thank you, 2.8 does indeed show all currencies .
  • #1,550
  • Apr 15, 2013 11:04am Apr 15, 2013 11:04am
Does anyone have a script or utility to give an audio alert or email alert. when one of the currencies breaks out of the range in Gadi Currencies, thus setting up potential trades.
  • #1,551
  • Apr 15, 2013 11:08am Apr 15, 2013 11:08am
Hi All,

I promised an update on the "Start-Up" that keeps me very busy lately, so here it is:

We found out that all those "Trading platforms" are very limiting in features for advanced trading (incl. MT4, MT5, TradeStation, NT7, etc.).
We decided to develop our own "Stand alone" platform - which will use the existing platform to read it's market data (capable to read from various sources).

The platform will be able to use generic languages (such as C, Java, C#, VB, VB.NET) to write custom indicators and "EA's".

The Platform will come initially with standard indicators, with our own signaling process, with graphical display and elaborated text explanation on each strategy - and the ability to interconnect with the trading platform that initiated the data - in order to execute trades with appropriate MM, TP, SL, Trailing, etc. as user option.
There will be no charting to begin with - this will be seen on the "Slave" platform.

This architecture will give us all the freedom we need (unconventional TF's, unlimited logic and data manipulation, and most of all - the ability to optimize parameter while in live trading).

Wish us luck. More suugestions and idea's are more than welcome.
This forum members will get the Alpha version for testings. It will take abou 4-5 month from now.

G.
  • #1,552
  • Apr 15, 2013 11:25am Apr 15, 2013 11:25am
Good Luck GG,

I cannot wait to be one of your tester
I'm really excited there are such great people here in FF. I also like Global Prime broker approach. Guys from forum try different approach to help us - traders. If there is a way to help you would like to hear from you. No coding abilities, sorry

Kapy
  • #1,553
  • Apr 15, 2013 11:34am Apr 15, 2013 11:34am
Hi again,

Those of you who wondered about the YEN (JPY) jumping up and down on my charts (page #103, bottom):
Japan and the JPY is in a financial trouble.

For years now the goverment expenses are more than double than their GDP.
This was Ok because they used reserves from years before. Now there are no more reserves - it's gone and they continue with almost the same goverment behaviour.

On top of that - Japan has the biggest aging population in the world - and aging people are not "saving" - they are taking out money from the system.
Add to that the increasing health and insurance expenditure - and it's a disaster waiting to happen...

New investors are not coming into Japan - who is interested in just 1% interest rate?
The political situation is very volatile - mainly because of those underlying issues.

The Bank of Japan is heavilly involved in the Forex trading - trying to stabilize things.
U.S. already (politely) warned Japan about deflating the JPY.

So, no wonder you will see the JPY (already a difficult currency to trade) jumping all over in the Currencies strength indicators.

G.

Edit:
Just watch the latest weekly charts of the USD/JPY and the EUR/JPY to see what is going on.
Take into account that during those weeks the USD and the EUR where in trouble themselves - and you will understand better the poor JPY situation...
  • #1,554
  • Apr 15, 2013 11:36am Apr 15, 2013 11:36am
Quoting imaxi
Yes you are right. I was getting trigger happy.. Its triggering the trades at the right time but sometimes in the wrong direction. Read my previous post... I need to tweak this a bit. As for the other filters I'm only using the "Killing Zone" breakout. My EA would only take two trades a day.. one long one short. I will start adding the other filters when I sorted the breakout issue.. won't be long. As for MM, I added parameters that could be changed by the user. Will add the the Gadi MM for the breakout. If all is working correctly the we build...
Have you overcome the issue of trades firi g in the wrong direction?
  • #1,555
  • Apr 15, 2013 11:37am Apr 15, 2013 11:37am
Quoting imaxi
Yes you are right. I was getting trigger happy.. Its triggering the trades at the right time but sometimes in the wrong direction. Read my previous post... I need to tweak this a bit. As for the other filters I'm only using the "Killing Zone" breakout. My EA would only take two trades a day.. one long one short. I will start adding the other filters when I sorted the breakout issue.. won't be long. As for MM, I added parameters that could be changed by the user. Will add the the Gadi MM for the breakout. If all is working correctly the we build...
Have you overcome the issue of trades firing in the wrong direction?
  • #1,556
  • Apr 15, 2013 12:02pm Apr 15, 2013 12:02pm
Quoting panamamike
Have you overcome the issue of trades firing in the wrong direction?
Can you point me to the subject of this? I'm lost in my own home...

G.
  • #1,557
  • Apr 15, 2013 12:06pm Apr 15, 2013 12:06pm
Quoting gg53
Can you point me to the subject of this? I'm lost in my own home... G.
Page 102. Imaxi and I were discussing his first version of an EA to trade the OBV breakouts.
  • #1,558
  • Apr 15, 2013 12:20pm Apr 15, 2013 12:20pm
Quoting panamamike
Page 102. Imaxi and I were discussing his first version of an EA to trade the OBV breakouts.
Sticking and trading just one currency pair without Gadi_Currencies (or any other valid currencies strength indicator) is force feeding your broker...

G.
  • #1,559
  • Apr 15, 2013 12:25pm Apr 15, 2013 12:25pm
Quoting gg53
Sticking and trading just one currency pair without Gadi_Currencies (or any other valid currencies strength indicator) is force feeding your broker... G.
I am not sure where the sticking and trading one currency pair comes from. Personally I trade Gadi BReak outs after the Asian session across several currency pairs. I use Gadi Currencies on the 15 and 60m timeframe for deciding what to trade the rest of the day.
  • #1,560
  • Apr 15, 2013 12:41pm Apr 15, 2013 12:41pm
Quoting panamamike
Have you overcome the issue of trades firing in the wrong direction?
Yes I have the EA. It wil take the breakout exactly but as gg53 said this will blow your account and, I agree with him.
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