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The gg53 "Killing Zone"

  • #1,561
  • Apr 15, 2013 3:30pm Apr 15, 2013 3:30pm
Quoting imaxi
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.
imaxi,

I don't recall saying that. Pls point me to that relevant quote.

Sorry about the remark about trading only one currency pair. I thought that you are ignoring the "What" to trade...
Sorry.

G.
  • #1,562
  • Apr 15, 2013 3:42pm Apr 15, 2013 3:42pm
GG good luck and best wishes with your platform
Humble & Kalcker CLO2 = Covid killer
  • #1,563
  • Edited Apr 16, 2013 7:03am Apr 15, 2013 4:08pm | Edited Apr 16, 2013 7:03am
Quoting jusiur
GG good luck and best wishes with your platform
jusiur,

Thanks.
We started trading on auto-pilot - the results looks great, but strange...
We are getting trades on 2 or 3 minutes which we can't trace - and also on 17 & 24 minutes trades...
But - they are profitable...
MM needs some working and we need some more forward testing.

Oh, forgot it - Happy birthday Israel !!

G.
  • #1,564
  • Apr 15, 2013 5:20pm Apr 15, 2013 5:20pm
Quoting gg53
imaxi, I don't recall saying that. Pls point me to that relevant quote. Sorry about the remark about trading only one currency pair. I thought that you are ignoring the "What" to trade... Sorry. G.
Meaning trading with the EA alone is doomed to fail and without the logic and concept that makes your system so profitable. I got this from post #921 http://www.forexfactory.com/showthread.php?p=6151891#post6151891 when there was an attempt to write an EA.

And if I made a mistake in what I said in my previous post, I do apologize sincerely.
  • #1,565
  • Apr 15, 2013 5:31pm Apr 15, 2013 5:31pm
Quoting gg53
Can you point me to the subject of this? I'm lost in my own home... G.
His talking about Post 1524
  • #1,566
  • Apr 15, 2013 5:44pm Apr 15, 2013 5:44pm
Quoting gg53
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...
I have 14 years of programming experience under my belt. I mainly program in JAVA and C#. If you need help of any kind please contact me. I'll be keen to help out.

Good luck and wish you the best success with getting the platform out!
  • #1,567
  • Apr 16, 2013 4:16am Apr 16, 2013 4:16am
Quoting imaxi
I have 14 years of programming experience under my belt. I mainly program in JAVA and C#. If you need help of any kind please contact me. I'll be keen to help out. Good luck and wish you the best success with getting the platform out!
imaxi,

Thanks, we'll certainly use your knowledge and experience. Just let us finish the infrastructure first.

G.
  • #1,568
  • Edited 7:00am Apr 16, 2013 6:47am | Edited 7:00am

Hi All,

Just a reminder - We stated at the beginning of this forum that we have a mission:

To create a working EA, based on the principals and explanations that already stated and followed that, to the benefit of all.

We do have such an EA - it's working for the past few years (with occasional modification) with better than +70% win/loss ratio and winners are at least 150% more pips than losers.

I can't share code - but I can share knowledge, indicators, ideas and help.

The basic principles are quite simple – no Voodoo magical numbers – just simple logic, currency strength and "Volume" movement identification and prediction. Avoid MA's whenever possible (I can elaborate on this if needed).

The market is moving in trends in saw tooth manner. We want to get into an up-trend market during deeps (buy cheap and sell high) – and vice-versa in down-trend market.

Identify "What" to trade - use Gadi_Currencies for market overview.
Avoid trading the "Killing Zone" areas - use it to your advantage.
Use Gadi_OBV to identify zones breakout.
Use Volume and Ticks to identify turning points.

Don't "stick" to just one currency pair and TF, and don't be a"trigger happy" trader.

Green pips to you all – and I'm here to assist and answer questions and/or clarifications – but please take the time to read this forum before asking.

G.

  • #1,569
  • Apr 16, 2013 10:21am Apr 16, 2013 10:21am
Quoting gg53
... and let me know if you need more explanations. G.
Thanks for your explanations, but honestly I find contradictory

1. The main idea with any strengthmeter is to find stronger currency versus weaker, or at least in theory this looks good. This is the "WHAT" issue. The problem apparently arises when the currency is apparently more stong / weak is really in a stage of completion of the movement, causing that possible entries are late and high risk. I want to quote unknown4x (http://www.forexfactory.com/unknown4x) words in regard to strengthmeters:

(http://www.forexfactory.com/showthread.php?p=6479807#post6479807) "Thing is they don't really show you which currency is breaking out, which one is on the opposite side etc. You don't want a trade where both are at top / bottom already. That's the picture when the trade is pretty much over. Useless like most of those MT indicators showing currency strength. When it shows a currency at max strength and one at max weakness well what had to happen for it to get there? Money flows... -> game is already over. Extremely risky to enter there. Trains hasn't left the station... it might already be at the finish line and you open yourself up to huge risk".

Then Pipalicious (http://www.forexfactory.com/pipalicious) post (http://www.forexfactory.com/showthread.php?p=6517753#post6517753) "And thats the key right there...as most if not all generic tools show the aftermath of a move. In a way like defining a 'trend' --> it can only be done once it has happened. So the whole 'trade the trend' is nonsense as it is essentially trading the past and not the present moment. Just like most CSM's will show the effect after it has happened, which gets you in once the move is well on its way to the point of maturity". Question is, what exactly is required to be able to 'detect' money flows from infancy?. . .

these guys (I include myself) conclude: Exactly. This will not make money. Classic buy high / sell low error. You might get the lucky follow through because higher tfs aligned from time to time but in general the heatmap (and strengthmeters) approach with simple "trade the extremes" is not advisable.

then, in your lastest posts (1544, 1545 and 1546) you suggests find the "WHAT" issue this way??? the clasic way? besides you had taught us in
#560 (http://www.forexfactory.com/showthread.php?p=6108805#post6108805) , #567 (http://www.forexfactory.com/showthread.php?p=6109049#post6109049) , #568 (http://www.forexfactory.com/showthread.php?p=6109092#post6109092) , #581 (http://www.forexfactory.com/showthread.php?p=6109242#post6109242), #607 (http://www.forexfactory.com/showthread.php?p=6111280#post6111280), #776 (http://www.forexfactory.com/showthread.php?p=6137655#post6137655), Spaghetti series "another concept and approach". I remember your words: "Since we are trading a "pair" of currencies - it is good to know if they are reaching the "too high" rate or the "too low" rate - because it is almost certain that the currency rate will "fall" if it's too high or "climb" if it's too low", which inspired me for the first time made ​​me believe in the CSM as a valid tool to know "what" pair to choose to trade.

Moreover, you draw a "bounce" purple horizontal line on the latest pics and suggests that the currency that break it could be the "WHAT" candidate, has this line any parameters to be established or brand you subjectively? if so, it would not help much in the eventual EA construction in the future.

As you can see I'm still confused, I find contradiction in the way you using Gadi_currencies. if I understand something to say with any wrong, please let me know. thanks
Humble & Kalcker CLO2 = Covid killer
  • #1,570
  • Apr 16, 2013 10:23am Apr 16, 2013 10:23am
I'd certainly appreciate seeing a few examples of the Gadi_OBV breakout's (lattest releases) in action either alone or combined with the Volume and Ticks.

  • #1,571
  • Apr 16, 2013 10:34am Apr 16, 2013 10:34am
Quoting jusiur
Thanks for your explanations, but honestly I find contradictory 1. The main idea with any strengthmeter is to find stronger currency versus weaker, or at least in theory this looks good. This is the "WHAT" issue. The problem apparently arises when the currency is apparently more stong / weak is really in a stage of completion of the movement, causing that possible entries are late and high risk. I want to quote unknown4x (http://www.forexfactory.com/unknown4x) words in regard to strengthmeters: (http://www.forexfactory.com/showthread.php?p=6479807#post6479807)...
Jusiur You have done a fantastic job of co-ordinating this site and making it v.easy to find the relevant information. Really well done.

If you are confused, THEN WE ARE ALL IN TROUBLE because you have invested some serious time in this.
  • #1,572
  • Apr 16, 2013 11:04am Apr 16, 2013 11:04am
I am worried this may appear stupid, but what the hey, its the whiskey talking, not I
GG, are you pointing us at trading a basket instead of a single currency pair when you say "Don't "stick" to just one currency pair and TF"?

Quoting gg53
Hi All, Just a reminder - We stated at the beginning of this forum that we have a mission: To create a working EA, based on the principals and explanations that already stated and followed that, to the benefit of all. We do have such an EA - it's working for the past few years (with occasional modification) with better than +70% win/loss ratio and winners are at least 150% more pips than losers. I can't share code - but I can share knowledge, indicators, ideas and help. The basic principles are quite simple – no Voodoo magical numbers...
  • #1,573
  • Apr 16, 2013 12:31pm Apr 16, 2013 12:31pm
All this swishing and sloshing about trading baskets is making my head spin
  • #1,574
  • Apr 16, 2013 12:41pm Apr 16, 2013 12:41pm
Quoting imaxi
All this swishing and sloshing about trading baskets is making my head spin
"All this"?? There was just one post about baskets..... No evidence of any swish-slosh either....
  • #1,575
  • Apr 16, 2013 12:58pm Apr 16, 2013 12:58pm
Quoting shiva
"All this"?? There was just one post about baskets..... No evidence of any swish-slosh either....
Too much whiskey I guess
  • #1,576
  • Apr 16, 2013 1:05pm Apr 16, 2013 1:05pm
Quoting imaxi
Too much whiskey I guess
not yet, give me an hour and then you'd be right
  • #1,577
  • Edited 5:30pm Apr 16, 2013 1:20pm | Edited 5:30pm
Here is my first draft of the Gadi OBV EA.

Please use this EA at your own risk. I'm not responsible!

Please adjust the TP,SL and TS as I'm on a 5 decimal broker. There might be one bug so, lets see who picks it up


P.S.

Forgot to mention it uses Gadi_OBV_v2.2
  • #1,578
  • Edited 2:15pm Apr 16, 2013 1:58pm | Edited 2:15pm
Quoting jusiur
Thanks for your explanations, but honestly I find contradictory 1. The main idea with any strengthmeter is to find stronger currency versus weaker, or at least in theory this looks good. This is the "WHAT" issue. The problem apparently arises when the currency is apparently more stong / weak is really in a stage of completion of the movement, causing that possible entries are late and high risk. I want to quote unknown4x (http://www.forexfactory.com/unknown4x) words in regard to strengthmeters: (http://www.forexfactory.com/showthread.php?p=6479807#post6479807)...
jusiur,

I think that they are talking about DIGITAL Currency Strength indicators (showing only numerical valuse).
The one that I use is not digital, you can see EXACTLY when a certain currency "DEPART" from the other "spaghetti" - and which currencies are on the opposite site and even the rate of slope.

My currency indicator servese me very well, never move without it.
I'm sorry that you contradict that - I won't even consider changing my opinion on the importance of that indie.

G.
  • #1,579
  • Apr 16, 2013 2:14pm Apr 16, 2013 2:14pm
Quoting imaxi
Here is my first draft of the Gadi OBV EA. Please use this EA at your own risk. I'm not responsible! Please adjust the TP,SL and TS as I'm on a 5 decimal broker. There might be one bug so, lets see who picks it up P.S. Forgot to mention it uses Gadi_OBV_v2.2 {file}
imaxi,

Thanks for the EA.
Please remove the "Gadi" from it's name in future releases. Thanks.

G.
  • #1,580
  • Apr 16, 2013 2:23pm Apr 16, 2013 2:23pm
jusiur,

Regarding the "Strange" use of this indicator: The method I showed is the safe method, i.e. fallig down from the highest levels are certain.
The one introduced lately is not so orthodox and is more "risky".
If you trade an up moving currency - you are not sure thyat it won't reverse on you.
That's why I cosen the JPY and in following post I explained it's volatility.

As to the purple lines: it's simply the spaghetti boundries - waiting for someone to "cross".
I don't recommend this method of catching an "up" currency move unless you are almost certain that the move will continue.
In the case of the JPY = I was pretty sure.

G.
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