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The gg53 "Killing Zone"

  • #1,901
  • Oct 9, 2013 9:09pm Oct 9, 2013 9:09pm
Quoting james27
Hi gg53 would you share Gadi_Currencies _v2.8 mq4 source? thanks a lot
http://www.forexfactory.com/showthread.php?p=5975043#post5975043
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,902
  • Oct 9, 2013 9:19pm Oct 9, 2013 9:19pm
Quoting gg53
{quote} ;-} G.
My apology. Removed them. I just wanted to show you some divergence and breakout tradings I took yesterday using gadi ovb. The rainbow in my chart was irrelevant of cource.

thanks.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,903
  • Oct 10, 2013 2:02am Oct 10, 2013 2:02am
Quoting Dewey McG
I thought I would share a few trades I took last night and one I didn't take. I am really getting to like this method. Right now I am just doing this on demo until I am more comfortable but will switch to live account soon. GG is there any way to add an alert to the OBV when it breaks out? My notes didn't come out on all of these. No trade on the NZDUSD because price stayed inside the channel. There was a trade on the AUDUSD where the purple line is marked {image} {image} {image} {image}
Dewey McG,

When using the Gadi_OBV channel breakout strategy you can enter the trade based on the breakout with support of Gadi_TickVolume (above/below "0") and Gadi_NormalizedVolume direction only. No need for Gadi_NormalizedVolume being aqbove average.

For other cases/techniques - you can use the Gadi_TickVolume + Gadi_NormalizedVolume (above average & color matching).

G.
  • #1,904
  • Oct 10, 2013 2:04am Oct 10, 2013 2:04am
Quoting heispark
{quote} My apology. Removed them. I just wanted to show you some divergence and breakout tradings I took yesterday using gadi ovb. The rainbow in my chart was irrelevant of cource. thanks.
heispark,

Can you please re-post them with sharper images?
I'm interested to see your finding.
Thanks.

G.
  • #1,905
  • Oct 10, 2013 4:08am Oct 10, 2013 4:08am
i think it really tired watching monitor to find right signal whole day.
gg53 you can add alert function to gadi_currency?
if you really worry whether someone who sell your source then i think you can add alert function to gadi_currency
then pls share in here.
or if you don't have much time..i volunteer to modify code.
thanks
  • #1,906
  • Oct 10, 2013 7:06am Oct 10, 2013 7:06am
Quoting james27
i think it really tired watching monitor to find right signal whole day. gg53 you can add alert function to gadi_currency? if you really worry whether someone who sell your source then i think you can add alert function to gadi_currency then pls share in here. or if you don't have much time..i volunteer to modify code. thanks
james27,

I think you mentioned that in your PM to me.
I also think that you got an answer in response to that PM.

G.
  • #1,907
  • Oct 11, 2013 12:16pm Oct 11, 2013 12:16pm
Hi GG

Switched the EA off now I'm making pips using the gadi obv. What an excellent indicator combined with the others i have recovered most off my lost pips in the last 5 days. Like dewey said though is there a way off adding an alert to the obv so that it alerts when a pair crosses out of the KZ.
Fantastic work to all the coders out there and many thanks from me as i am gradually getting my confidence back to start trading my live account again.
  • #1,908
  • Oct 11, 2013 12:41pm Oct 11, 2013 12:41pm
Quoting gg53
{quote} Dewey McG, When using the Gadi_OBV channel breakout strategy you can enter the trade based on the breakout with support of Gadi_TickVolume (above/below "0") and Gadi_NormalizedVolume direction only. No need for Gadi_NormalizedVolume being aqbove average. For other cases/techniques - you can use the Gadi_TickVolume + Gadi_NormalizedVolume (above average & color matching). G.
Thanks. I had another 3 for 3 winners last night. GBPUSD would have been a winner as well but I went to bed before it triggered a signal. The first time it showed a signal there was no confirmation but it gave a good signal later. AUDUSD is still in the KZ as I write this, so no trade there. I am loving this!

Now if I only had an alert on the OBV to make life easier while staring at charts....

Anyways, great job GG and thanks for everything!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd oct 11.jpg Size: 308 KB
Click to Enlarge Name: nzdusd_fxm15 oct 11.jpg Size: 303 KB
Click to Enlarge Name: usdchf_fxm15 oct 11.jpg Size: 285 KB
Click to Enlarge Name: gbpusd_fxm15 oct 11.jpg Size: 323 KB
  • #1,909
  • Oct 11, 2013 1:19pm Oct 11, 2013 1:19pm
Dewey,

Very nice trades. What are you using for your exit?

Thanks.

Carol
  • #1,910
  • Oct 11, 2013 1:38pm Oct 11, 2013 1:38pm
Quoting Eureka
Dewey, Very nice trades. What are you using for your exit? Thanks. Carol
Because of the up and down news regarding the US government shutdown and debt crisis I have been going for just 10 pips to get in and out fast. Later I plan to experiment a little more--I am thinking spitting the trades in 2, taking half off at 10 pips and trailing the 2nd half.
  • #1,911
  • Oct 11, 2013 1:41pm Oct 11, 2013 1:41pm
Thanks for the info, Dewey. 10 pips here and 10 pips there will add up in a hurry when trading multiple currencies. That's a good plan.
  • #1,912
  • Oct 11, 2013 1:55pm Oct 11, 2013 1:55pm
Here is how the Gadi OBV keeps you out of trouble. There was no trade on the AUDUSD last night since there was no break from the channel. See how price goes nowhere. It would have been hard to do anything with price action like that
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_fxm15 oct 11 no trade.jpg Size: 336 KB
  • #1,913
  • Oct 11, 2013 4:00pm Oct 11, 2013 4:00pm
Hi Dewey,

Nice trades buddy. One question to your GU trade. I see first signal as valid according to rules - channel breakout, blue uptick above 0, blue volume bar. Or am I missing something? Why you didn't trade it (or what exactly is your confirmation then) ?

Thanks,
Kapy
  • #1,914
  • Oct 11, 2013 4:13pm Oct 11, 2013 4:13pm
Quoting kapybara
Hi Dewey, Nice trades buddy. One question to your GU trade. I see first signal as valid according to rules - channel breakout, blue uptick above 0, blue volume bar. Or am I missing something? Why you didn't trade it (or what exactly is your confirmation then) ? Thanks, Kapy
Good question. I like to see the angle of the tick volume histogram match the direction I want to take on the trade. I am not sure where I got that from--maybe confused it with another system, but I am a more conservative trader and it seems to be a safer entry. On the 2nd signal the angle matched, as did the winners on the other trades. Maybe GG can tell us whether that is important or not.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_fxm15 angle.jpg Size: 298 KB
  • #1,915
  • Oct 11, 2013 4:39pm Oct 11, 2013 4:39pm
Quoting Dewey McG
{quote} Good question. I like to see the angle of the tick volume histogram match the direction I want to take on the trade. I am not sure where I got that from--maybe confused it with another system, but I am a more conservative trader and it seems to be a safer entry. On the 2nd signal the angle matched, as did the winners on the other trades. Maybe GG can tell us whether that is important or not. {image}
Yes, sounds simple and logical to me. Thanks.
  • #1,916
  • Oct 12, 2013 2:33am Oct 12, 2013 2:33am
Quoting Dewey McG
{quote} Good question. I like to see the angle of the tick volume histogram match the direction I want to take on the trade. I am not sure where I got that from--maybe confused it with another system, but I am a more conservative trader and it seems to be a safer entry. On the 2nd signal the angle matched, as did the winners on the other trades. Maybe GG can tell us whether that is important or not. {image}
Dewey McG,

Great trades and almost "by the book"...
I'm not using any angles comparison - although it might be another parameter to the strategy.

My rules are quite simple and already stated many times:
BASIC:
LONG: Enter LONG on first color match (both indies BLUE) And Gadi_NormalizedVolume is above average and Gadi_TickVolume is above "0".
SHORT: Enter SHORT on first color match (both indies RED) And Gadi_NormalizedVolume is above average and Gadi_TickVolume is below "0".

ADVANCED (additional trades to the above BASIC strategy):
Long: Enter LONG on first color match (both indies BLUE) And Gadi_NormalizedVolume is above average and Gadi_TickVolume is below "0" AND showing at least two consecutive BLUE bars (confirmation of start of down/counter trend).
SHORT: Enter SHORT on first color match (both indies RED) And Gadi_NormalizedVolume is above average and Gadi_TickVolume is above "0" AND showing at least two consecutive RED bars (confirmation of start of down/counter trend).

Don't:
A. DON'T enter a trade if the entry bar is larger than X2-X2.5 than its average previous ones !!
It means that most of the pips are already "eaten" and the next bars will be either "consolidation" or reversal.
B. If not in profit after 4 bars - get out of this trade, no matter where the SL is.

There are other strategies using those indicators.

Green pips to you all !!

G.
  • #1,917
  • Oct 12, 2013 6:32am Oct 12, 2013 6:32am
gg53,
This is probably the best system that has ever been posted on this forum.
I thank you for sharing it.
  • #1,918
  • Oct 12, 2013 7:49am Oct 12, 2013 7:49am
Quoting billbss
gg53, This is probably the best system that has ever been posted on this forum. I thank you for sharing it.

I've read hundreds of your system comments over the years billbss.:nerd:

Your forum "best system" award to gg53's set up says a lot coming from you!
  • #1,919
  • Oct 12, 2013 8:22am Oct 12, 2013 8:22am
Just about to do the same, any positive comment from Bill means this system must be pretty robust thanks GG




Eamonn.
  • #1,920
  • Edited 1:12pm Oct 12, 2013 11:12am | Edited 1:12pm
Quoting billbss
gg53, This is probably the best system that has ever been posted on this forum. I thank you for sharing it.
billbss,

Thanks for your kind words.
The strategy will be better if someone here can find us an "average volume per session" (Asian, London, New-York) with start/end time for each as an external parameter.

G.
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