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The gg53 "Killing Zone"

  • #1,961
  • Oct 16, 2013 1:24pm Oct 16, 2013 1:24pm
Quoting Eureka
Looks like the politicians may have reached a settlement.
Eureka,

Looking at my MT4 CrystalBall/USD chart on H1 and as the president of USA, Congress member and as a senate majority leader -
I can clearly see a quick-run to a waiting period... all to be extended till February 7, 2014....

G.
  • #1,962
  • Oct 17, 2013 3:10am Oct 17, 2013 3:10am
I will post my trades later--after the deal was reached I decided to trade live after all and it was a great day. I hope everyone had a chance to take advantage of some nice moves.
  • #1,963
  • Edited 7:01am Oct 17, 2013 6:31am | Edited 7:01am
Please first read the my whole post. I won't answer to questions already answered here.

I was asked to write an EA based on GG's strategy.

The code of the EA is far from finished and it's more a mess than being well structured. I don't want anyone to see this so for now I will just supply you with the EA file.

Quote
Strategy 1. Asian breakout.
Indicators: Gadi_OBV_v2.2.ex4 and Gadi_TickVolume_v2.2.ex4
Gadi_OBV_v2.2.ex4 is a modified version of the standard MT4 indicator On Balance Volume (OBV).

Something you have to know from the beginning is that we trade volume NOT price.
Gadi_OBV_v2.2.ex4 creates a channel during Asian session (that's the “killing zone”). You setup the hours of the Asian session according to your broker's time. So if your broker is on EST time then you setup Gadi_OBV_v2.2.ex4 from 17:00 to 2:00 (London open)....Gadi_OBV_v2.2.ex4 will find the high
and low of the OBV during that time and create a channel.
Entry:
Timeframe 15min.
Break out of the OBV channel that was created during the Asian session AND the Gadi_TickVolume
(i.e. above or below the "0" line) should be in the same direction as Gadi_OBV channel breakout.

Trade management:
Trading hours - London Open till London close+2.
Don't trade on Friday.
Don't trade 30 minutes before major news. If you have open trades - close them.

For BUY:
SL = Previous CLOSE (if too close then previous LOW).
TP = SL*2
When 7-8 pips profit - move SL to BE+1, remove TP, and
Apply Trailing-Stop ~5 pips.

Important !!
If not in profit within 4 bars - close the trade (no matter what).
DON'T enter a trade if the entry bar is larger than x2-x2.5 times than its average previous ones!!


Gadi Tick Volume subwindow error: Sadly the code of the tick volume indicator wasn't public so I can not make changes to it. The indicator want's to draw Objects in the indicator subwindow but at least in visual backtesting mode it might not be attached to the chart. Despite the error the functionality of the EA isn't restricted. To fix this issue you simply have to attach the indicator to the chart and you might ask gg if he is so generous to provide a version which doesn't draw the objects.

OBV_MOD:The code of the OBV indicator isn't public , but I really wanted to make changes to it. First I thought a split second about decompiling the indicator but that isn't fair towards the original author. I have searched for an older pulicly available version (1.3) and added the appropriate code to display the channels. The modded version will now also show all the historic channels as well as arrows when a crossover happens. The arrows are not to be mistaken to mirror the exact condition for the EA as the arrows in the past are only drawn if the crossover happened on the Close but the EA will take a trade as soon as a crossover happens even if at the close of the bar the obv might be in the channel again.
Even though it took me an hour to get all the channels working with the correct time shift settings I think this was the better way to go.
Since gg had his reasons to not reveal the source code I will just share the ex file as well.

The percent increase function in this indicator is a nice idea but in my opinion it should be changed. Currently the percent increase function increases/decreases the value by 0.05 % of the value it has. This is too dynamic and it will have 0 effect as soon as the obv moves towards the 0 line. The further away from the 0 it moves the wider the channels will be. In my opinion we should increase the value by a fixed percent of the range of the channel (high – low)
Inserted Code
extern string _="-----EA Configuration -----";
extern string LondonOpen = "London 8:00 GMT to 17:00 GMT"; Information
extern string AsianSession = "Tokyo 0:00 GMT to 9:00 GMT"; Information
extern string Start_Trading = "10:00"; //At what time shall the EA Open trades. Any time < than the End_Channel time won't work.
extern string End_Trading = "19:00";
extern string Start_Channel = "2:00"; Setting for the OBV Indicator
extern string End_Channel = "10:00";
extern double percenIncrease = 0.5;
extern bool FridayFilter=true; /If true no trades on friday
extern double AtrMult = 2.5; // See Traderules no big candles

extern string __="-----Order Managment -----";
extern double lot = 0.1;
extern double SL_Threshold = 50; // If previous close is to close use 5 pips
extern double Move_SL_To_BE = 70; // after 7 pips in profit move SL to BE and remove TP
extern double Trailing = 50; // After tp removed start trailing with a 5 pip distance
extern int magic = 1; // used to indentifiy which positions shall be watched by the EA. (you can run it on the same currency pairs with 2 different magic numbers and the Eas won't interfere in any way)

extern bool comment = true;



This is a beta version only. There are still bugs in the code with a high probability so don't even consider trading it on a real account. I just have made quick test to see if the orders open and close. Now it's up to you to tell me what is not working! There is no fancy stuff like lot management or error handling included yet.. The attached chart is not there to represent a valid test or whatever it shall just show that the opening and closing of basic orders works!

The SL will be set to break even and a hidden SL will be implemented which is supposed to be indicated by a vertical trendline. I haven't gotten to the point yet though. If the computer us shut down the trailing stop won't be executed!

Needed Indicators:

  1. Gabi_OBV_mod
  2. Gadi_TickVolume_v2.2

Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 9 KB
Attached File(s)
File Type: ex4 Gadi_OBV_mod.ex4   6 KB | 771 downloads
File Type: ex4 Asian Breakout (gg).ex4   8 KB | 641 downloads
  • #1,964
  • Oct 17, 2013 8:24am Oct 17, 2013 8:24am
Have you given thoughts to adding Gadi_normalized volume and especially Gadi_Currencies to your EA? Form my experience with this system, they are Important factors. I only take trades if on Gadi_Currencies the long current is above 0 and he short currency of the pair is below 0.

Quoting Kilian19
Please first read the my whole post. I won't answer to questions already answered here. I was asked to write an EA based on GG's strategy. The code of the EA is far from finished and it's more a mess than being well structured. I don't want anyone to see this so for now I will just supply you with the EA file. {quote} Gadi Tick Volume subwindow error: Sadly the code of the tick volume indicator wasn't public so I can not make changes to it. The indicator want's to draw Objects in the indicator subwindow but at least in visual backtesting mode it...
  • #1,965
  • Oct 17, 2013 8:31am Oct 17, 2013 8:31am
Quoting Kilian19
Please first read the my whole post. I won't answer to questions already answered here. I was asked to write an EA based on GG's strategy. The code of the EA is far from finished and it's more a mess than being well structured. I don't want anyone to see this so for now I will just supply you with the EA file. {quote} Gadi Tick Volume subwindow error: Sadly the code of the tick volume indicator wasn't public so I can not make changes to it. The indicator want's to draw Objects in the indicator subwindow but at least in visual backtesting mode it...
Kilian19,

Didn't test it yet - but many thanks for your hard work and contribution.

ALL:
Just a MAJOR reminder - the whole concept of the "Killing Zone" is that it is an area of consolidation.
The "Asian Session" is a private case of that - because London & New-York are closed, less traders and less movements.
BUT - if you see that the Asian-session has big price movements within it - STAY AWAY and DON'T trade the "breakout" - because it's not a consolidation area any more.

G.

EDIT: In future versions of Gadi_OBV I'll add "pips difference" within that marked session - for easy identification.
Kilian19 - you can add this to the MOD indie.
  • #1,966
  • Oct 17, 2013 8:42am Oct 17, 2013 8:42am
Killian19,

Another thing to consider is adding risk based trading. Given that the size of the SL varies with the size of the preceding candle, being able to risk a % of account available margin rather than a fixed set of pips would be a great benefit.
  • #1,967
  • Oct 17, 2013 8:44am Oct 17, 2013 8:44am
Quoting panamamike
Have you given thoughts to adding Gadi_normalized volume and especially Gadi_Currencies to your EA? Form my experience with this system, they are Important factors. I only take trades if on Gadi_Currencies the long current is above 0 and he short currency of the pair is below 0. {quote}
panamamike,

That's almost the way I confirm such trades.
I need to see one currency going up and the other in opposite direction. The white line (Diff.) should point in the direction of the trade.
In general: Gadi_Currencies will keep you out of trouble in most trading cases and scenario.

To my opinion, that's more important than the Gadi_NormalizedVolume. That indie requires some changes, especially replacing the Avg. Volume dotted line with Session Avg.

G.
  • #1,968
  • Oct 17, 2013 8:49am Oct 17, 2013 8:49am
Quoting panamamike
Killian19, Another thing to consider is adding risk based trading. Given that the size of the SL varies with the size of the preceding candle, being able to risk a % of account available margin rather than a fixed set of pips would be a great benefit.
panamamike,

My SL in "channel breakout" cases are the last swing of the VOLUME in Gadi_OBV.
The logic behind it is that it is the last place the Elephants are willing to drink or pee...
It's very short SL but preventing big loses in cases of spikes or sudden reversal.

G.
  • #1,969
  • Oct 17, 2013 9:04am Oct 17, 2013 9:04am
Quoting Kilian19
Please first read the my whole post. I won't answer to questions already answered here. I was asked to write an EA based on GG's strategy. The code of the EA is far from finished and it's more a mess than being well structured. I don't want anyone to see this so for now I will just supply you with the EA file. {quote} Gadi Tick Volume subwindow error: Sadly the code of the tick volume indicator wasn't public so I can not make changes to it. The indicator want's to draw Objects in the indicator subwindow but at least in visual backtesting mode it...
Kilian19,

Just noticed your "Trading times". The "Asian-session breakout" strategy should start immediatly on breakout - no waiting for London open.
Sorry if I misunderstood your meaning in this EA.

G.
  • #1,970
  • Oct 17, 2013 9:40am Oct 17, 2013 9:40am
Quoting gg53
{quote} Kilian19, Just noticed your "Trading times". The "Asian-session breakout" strategy should start immediatly on breakout - no waiting for London open. Sorry if I misunderstood your meaning in this EA. G.
If you set the trading start time and the channel end time to be exact the same you actually achieve that effect. I just had the pfd which said I trade from x to y so I thought I better implement an option to set the time yourself. And apparently it seems like we only trade the first brakeout of the day (at the moment it is trading every brakeout) I have to change that.
  • #1,971
  • Edited 10:05am Oct 17, 2013 9:54am | Edited 10:05am
Quoting Kilian19
{quote} If you set the trading start time and the channel end time to be exact the same you actually achieve that effect. I just had the pfd which said I trade from x to y so I thought I better implement an option to set the time yourself. And apparently it seems like we only trade the first brakeout of the day (at the moment it is trading every brakeout) I have to change that.
Kilian19,

If it's an EA dedicated to the Asian-session breakout - trading time should start, in my opinion, at the end of that session.
It's good to have an "end" time to that breakout because after many hours the channel is no longer valid.

Thanks again for your contribution !!

G.
  • #1,972
  • Oct 17, 2013 11:32am Oct 17, 2013 11:32am
Quoting gg53
{quote} panamamike, My SL in "channel breakout" cases are the last swing of the VOLUME in Gadi_OBV. The logic behind it is that it is the last place the Elephants are willing to drink or pee... It's very short SL but preventing big loses in cases of spikes or sudden reversal. G.
What tool do you use to trigger the SL based on the volume swing high or low? Or do you do this all manually?
  • #1,973
  • Oct 17, 2013 1:07pm Oct 17, 2013 1:07pm
Quoting panamamike
{quote} What tool do you use to trigger the SL based on the volume swing high or low? Or do you do this all manually?
panamamike,

Manually. At the point of swing on Gadi_OBV I mark the close price of the correlated bar/candle.

G.
  • #1,974
  • Oct 17, 2013 1:07pm Oct 17, 2013 1:07pm
Last night was pretty good. You have to love how volume leads price and the system shows that. I hope some of you were able to make some nice pips on this a swell.

I didn't actually trade with the Gadi_Currency for confirmation, but since GG mentioned that I added it to the charts to see how it would have worked out. I do have a question on how you would have used that on the USDJPY trade so please look at the PIC and notes and tell me what you think.

Thanks for the EA, Killian. I will do some testing with 99% tick data but it will take some time.
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  • #1,975
  • Oct 17, 2013 1:11pm Oct 17, 2013 1:11pm
Quoting Dewey McG
I will do some testing with 99% tick data but it will take some time. {image} {image} {image} {image} {image} {image}
Better wait for the revised version I will upload tomorrow . The needed time to back test will reduced by roughly 30% with the new version anyways.
  • #1,976
  • Oct 17, 2013 1:23pm Oct 17, 2013 1:23pm
Quoting panamamike
{quote} What tool do you use to trigger the SL based on the volume swing high or low? Or do you do this all manually?
panamamike,

Example attached...
Reason/Logic: If our trade direction is correct - the Elephants are reluctant to put more money (i.e. Volume) above that level.
If they are willing or changed their mind - we are out with small stop.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.m15_sl.png Size: 39 KB
  • #1,977
  • Edited 1:53pm Oct 17, 2013 1:36pm | Edited 1:53pm
Quoting panamamike
{quote} What tool do you use to trigger the SL based on the volume swing high or low? Or do you do this all manually?
panamamike,

Another example from today:

G.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.m15_sl.png Size: 40 KB
  • #1,978
  • Oct 17, 2013 1:58pm Oct 17, 2013 1:58pm
Quoting panamamike
{quote} What tool do you use to trigger the SL based on the volume swing high or low? Or do you do this all manually?
panamamike,

I use this SL method on every Gadi_OBV channel breakout strategy, not just the Asian-session channel breakout.

G.
  • #1,979
  • Oct 17, 2013 2:21pm Oct 17, 2013 2:21pm
Quoting gg53
{quote} panamamike, I use this SL method on every Gadi_OBV channel breakout strategy, not just the Asian-session channel breakout. G.
Thanks for posting the examples.
  • #1,980
  • Oct 17, 2013 2:21pm Oct 17, 2013 2:21pm
Kilian I would also like to thank you for your contribution and willingness to create an EA for gg53's strategies.

And of course a big thank you to gg53 for sharing it with us and keeps sharing his ideas.

So to summarize the strategy only for the Asian Breakout (not the killing zone in general).

Timeframe: 15 min
Indicators: Gadi_OBV_v2.2 and Gadi_TickVolume_v2.2 for confirmation.

Long entry: Breakout of the OBV channel (plus the PercentIncrease) and Gadi_TickVolume_v2.2 is above 0.
Short entry: the opposite.

SL: The last swing of the VOLUME in Gadi_OBV.
TP= 2*SL

When in profit of 8 pips then move SL to BE+1 and apply TS of 5 pips.

Close the trade if not in profit within 4 bars.
If there are big price movements during the Asian session then DO NOT trade the breakout.

I guess the last one can be made possible to program by the "pips difference" during the Asian session, you mentioned earlier.

gg53 correct me if am wrong or if I missed anything. That way Kilian can have the rules all together.
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