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The gg53 "Killing Zone"

  • #1,601
  • Apr 17, 2013 1:37pm Apr 17, 2013 1:37pm
Here is a classic "breakout" - of "set and forget" - volume breakout.

Chart 1 - Normal traders hate this type of chart - no real movement, no apparent trend, nada.
Chart 2 - I love those charts - just set high/low volume boundris on Gadi_OBV, and wait.

G.

Edit:
This "flat" situation usually indicates central bank intervention in the market.
In this case it was the Swiss central bank trying to keep the exchange rate at certain level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: classic_eurchfh1.png Size: 46 KB
Click to Enlarge Name: classic_breakout_eurchfh1.png Size: 47 KB
  • #1,602
  • Apr 17, 2013 4:47pm Apr 17, 2013 4:47pm
Under development:
A new indicator that will clearly show areas that you should not trade - and establish a
Gadi_OBV boundries for breakout.

It should be ready today in a few hours - testing...

G.
  • #1,603
  • Apr 17, 2013 4:48pm Apr 17, 2013 4:48pm
imaxi,

pm.

G.
  • #1,604
  • Apr 18, 2013 5:24am Apr 18, 2013 5:24am
Easy pips (within minutes) on Gadi_Currencies - on M5 -

Sell CADJPY
Sell EURJPY
Sell CHFJPY

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 72 KB
  • #1,605
  • Apr 18, 2013 5:31am Apr 18, 2013 5:31am
And here is an easy
Sell GBPAUD

G.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudm5.png Size: 70 KB
  • #1,606
  • Apr 18, 2013 5:49am Apr 18, 2013 5:49am
Nice GG,

I got it yesterday clearly. Here you just grab your pips w/ your gadi_currencies exclusively. (I mean w/o using any other confirming indicator, am I right?). Just converging currencies right? Coming back to zone. Maybe price action of currency pair is confirming, but it should be nice bearish anyway, just to represent convergence.

Glad to have you here,
Kapy
  • #1,607
  • Edited 9:42am Apr 18, 2013 7:44am | Edited 9:42am
Get fix in Post 1609

Test this on a 1H TF

This one will replace the dud that no one contented on.

Fixed the issue with sending in parameters into Gadi_OBV_v2.2

It should open orders (Buy/Sell) correctly if volume is in positive region.

Still need to verify if orders (Buy/Sell) are working correctly if volume is in negative region.

Please check that this is working... and again use this at your own risk


gg53 please look at code... if you have time.

P.S.

I left the comments on for the ChannelHigh and ChannelLow.. so that you can verify that its marking this channel correctly.

This only takes the breakout of the channel.. nothing more. Still need to add consolidation rules and so forth.

Sorry the ChannelHigh and ChannelLow will only work on a 1H TF.
  • #1,608
  • Apr 18, 2013 9:07am Apr 18, 2013 9:07am
@imaxi and coders

Not want to sound demanding but might I ask if it is possible to develop:

1. An EA to MM according to the parameters post 7 (http://www.forexfactory.com/showthread.php?p=5972737#post5972737) or
2. An EA to MM according to the parameters post 490 (http://www.forexfactory.com/showthread.php?p=6045257#post6045257) and post 493 (http://www.forexfactory.com/showthread.php?p=6045671#post6045671) or
3. both

obviously do not want to abuse your generosity and time and just contemplate this possibility when you have time, but mm in this case is 50% of the strategy.
Humble & Kalcker CLO2 = Covid killer
  • #1,609
  • Edited 6:19pm Apr 18, 2013 9:07am | Edited 6:19pm
Get Fix in Post 1618

Fixed TF issue.

It should open orders (Buy/Sell) correctly if volume is in positive region.

Still need to verify if orders (Buy/Sell) are working correctly if volume is in negative region.

Please check that this is working... and again use this at your own risk

gg53 please look at code... if you have time.

P.S.

I left the comments on for the ChannelHigh and ChannelLow.. so that you can verify that its marking this channel correctly.

This only takes the breakout of the channel.. nothing more. Still need to add consolidation rules and so forth.
  • #1,610
  • Apr 18, 2013 9:11am Apr 18, 2013 9:11am
Quoting jusiur
@imaxi and coders Not want to sound demanding but might I ask if it is possible to develop: 1. An EA to MM according to the parameters post 7 (http://www.forexfactory.com/showthread.php?p=5972737#post5972737) or 2. An EA to MM according to the parameters post 490 (http://www.forexfactory.com/showthread.php?p=6045257#post6045257) and post 493 (http://www.forexfactory.com/showthread.php?p=6045671#post6045671) or 3. both obviously do not want to abuse your generosity and time and just contemplate this possibility...
Sure thing.. I just want the OBV breakout EA to hit the trades at the right time.. Then we can talk MM.
  • #1,611
  • Apr 18, 2013 9:14am Apr 18, 2013 9:14am
Jusiur,

Thanks for the Vouch
  • #1,612
  • Apr 18, 2013 9:59am Apr 18, 2013 9:59am
Please if anyone is testing the Asian_OBV_EA_v1_1.mq4 and something goes wrong or it opens (buy/sell) at the wrong time. Then I would appreciate a screenshot there and then... Also what the comments say about the ChannelHigh and ChannelLow in the Journal if you ran it in the strategy tester or on demo.. (Expert Journal)

Many thanks

P.S.

Make sure that we can see what time frame you ran it on and the screenshot should show the Gadi_OBV High Low so that we can compare my ChannelHigh and ChannelLow with wat we see on the screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
  • #1,613
  • Edited 11:29am Apr 18, 2013 11:11am | Edited 11:29am
EA - First impressiom (default parameters - OOTB):

Errors on first trades - error: volume limit at 4471

running from 01.01.2013 till today (one currency pair - EURUSD):
83% profit trades
11% DrawDown
$1260 profit on 1 Lot

Checking logic now.

G.
  • #1,614
  • Apr 18, 2013 11:26am Apr 18, 2013 11:26am
There are a couple of those trades which I fail to see the logic.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 36 KB
  • #1,615
  • Apr 18, 2013 11:54am Apr 18, 2013 11:54am
You may want to check for open positions prior to trade firing. I had open trades, restarted the platform, and it opened positions again.
  • #1,616
  • Apr 18, 2013 12:19pm Apr 18, 2013 12:19pm
Quoting panamamike
You may want to check for open positions prior to trade firing. I had open trades, restarted the platform, and it opened positions again.
That's because nothing is saved! After turning back on again it will reset and positions you had open.. Like you had a breakout.. trade long will happen once.. you turn off then on.. trade long is now reset.. but volume is already out of the channel and the EA see hey I have a trade... make sense? Need to add this.
  • #1,617
  • Apr 18, 2013 12:59pm Apr 18, 2013 12:59pm
Please remember the line "Still need to verify if orders (Buy/Sell) are working correctly if volume is in negative region." That will also mean if the channel is sitting in the negative region.
  • #1,618
  • Apr 18, 2013 6:18pm Apr 18, 2013 6:18pm
Still need to verify if orders (Buy/Sell) are working correctly if volume is in negative region. - This should work more correctly.

Added Features

gg53
ExactVolume = set to true and the trade will execute on the High/Low of the breakout and ignore PercentIncrease.
EachTickMode = set to false and the trade will open Buy/Sell on next bar from the breakout.

panamamike
When in trade Long/Short and MT4 if switched off.. Then on. The EA won't open new Buy/Sell trades (depending on the one that's open or both) until you exit position.

Please check that this is working... and again use this at your own risk

P.S.

I left the comments on for the ChannelHigh and ChannelLow.. so that you can verify that its marking this channel correctly.

This only takes the breakout of the channel.. nothing more. Still need to add consolidation rules and so forth.
Attached File(s)
File Type: mq4 Asian_OBV_EA_v1_2.mq4   12 KB | 451 downloads
  • #1,619
  • Apr 18, 2013 7:36pm Apr 18, 2013 7:36pm
Quoting imaxi
Still need to verify if orders (Buy/Sell) are working correctly if volume is in negative region. - This should work more correctly. Added Features gg53 ExactVolume = set to true and the trade will execute on the High/Low of the breakout and ignore PercentIncrease. EachTickMode = set to false and the trade will open Buy/Sell on next bar from the breakout. panamamike When in trade Long/Short and MT4 if switched off.. Then on. The EA won't open new Buy/Sell trades (depending on the one that's open or both) until you exit position. Please check that...
Hi imaxi,

Thank you for taking on the coding of the EA.

I tested the latest EA with positive OBV (USDJPY) in different TFs and as far as I can tell the entries were perfect. Same goes for negative OBV (EURUSD). All entries and exits were ok.
  • #1,620
  • Apr 19, 2013 2:00am Apr 19, 2013 2:00am
Quoting imaxi
Still need to verify if orders (Buy/Sell) are working correctly if volume is in negative region. - This should work more correctly. Added Features gg53 ExactVolume = set to true and the trade will execute on the High/Low of the breakout and ignore PercentIncrease. EachTickMode = set to false and the trade will open Buy/Sell on next bar from the breakout. panamamike When in trade Long/Short and MT4 if switched off.. Then on. The EA won't open new Buy/Sell trades (depending on the one that's open or both) until you exit position. Please check that...
imaxi,

Thanks for all your work !!

G.
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