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The gg53 "Killing Zone"

  • #2,021
  • Oct 23, 2013 1:05am Oct 23, 2013 1:05am
I took a quick TP on the EURUSD and am heading to bed since the other pairs except for USDCHF were no trade
Attached Image (click to enlarge)
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  • #2,022
  • Oct 23, 2013 5:19pm Oct 23, 2013 5:19pm
Quoting heispark
{quote} Thank you GG and Dewey for this fabulous thread and information. My broker is FXPro and Gadi Tickvolume looks slight different. My understanding is this is a broker dependency (tick volume difference between brokers) and won't really affect the breakout trading. Please correct me if I am wrong. Thanks. {image}
heispark,

Gadi_TickVolume & Gadi_OBV values will be different between brokers that are using different liquidators, but that shouldn't affect the breakout and/or entry points if the liquidators are big enough and sending sufficient signals. That's usually the case with big and serious brokers.

G.
  • #2,023
  • Oct 23, 2013 5:30pm Oct 23, 2013 5:30pm
Exit point:
You can use the standard MT4 Stochastic (5,3,3) or (8,3,3) signal/main cross as an exit signal from a breakout trade.

G.
  • #2,024
  • Oct 23, 2013 5:33pm Oct 23, 2013 5:33pm
Quoting jusiur
. . . and more than a year, well done boss
...and you have the wisdom and patient to moderate it.
B I G Thank you for that !!

G.
  • #2,025
  • Oct 24, 2013 10:19am Oct 24, 2013 10:19am
Quoting Kilian19
I won't have much time during the next few weeks so I decided to make the EA open source. I get asked to add so many features with on and off buttons that the code starts to lock unstructured. If we have a well defined set of rules (or what you want to have changed) I will take a look at it again. New Features in this version .... ManualSL if ture the orders will have a fixed sl and tp extern int tp = 50; extern int sl = 25; extern bool Move_Sl_To_Be = true; extern double Move_SL_To_BE = 70; if true move sl to break even after x piepettes in profit...
Thanks for all your hard work. I have been spending some time with the EA to see how it trades so we can make it as good as trading manually. I appreciate how difficult it is for a programmer. a few adjustments need to be made so it will be profitable.

1. I am not sure what the issue is with the trailing stop. Even when I set larger numbers I cannot get this to take a profit greater than 15 pips.

2. If the EA passes on a trade because the candle is too large, it should not take any trades in that direction for the rest of the session.

3. The EA should never take trades when the channel is broken from above for a long or from below on a sell.

4. As mentioned previously, rather than just saying TVI above 0 for longs and below 0 for sells, we need to look at the angle.
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  • #2,026
  • Oct 24, 2013 10:49pm Oct 24, 2013 10:49pm
Quoting Dewey McG
{quote} Thanks for all your hard work. I have been spending some time with the EA to see how it trades so we can make it as good as trading manually. I appreciate how difficult it is for a programmer. a few adjustments need to be made so it will be profitable. 1. I am not sure what the issue is with the trailing stop. Even when I set larger numbers I cannot get this to take a profit greater than 15 pips. 2. If the EA passes on a trade because the candle is too large, it should not take any trades in that direction for the rest of the session. 3....
Dewey McG,

Last chart (bottom chart): Agree, Gadi_TickVolume in down trend + 2 Blue bars = BUY signal on UP breakout.

G.
  • #2,027
  • Oct 25, 2013 1:44am Oct 25, 2013 1:44am
Trades from Thursday and Friday--not my best. I am thinking I should not take as many different trades across somewhat correlated pairs and take solid signals and manage less at once.

Thursday should have been a BE + 1 but I actually took a small loss for hanging on too long. Friday I was lucky--not supposed to be trading Fridays per rules, but I look to see if there are strong signals. I hit the sell button too early but it worked out and I hit TP anyways.
Attached Image(s) (click to enlarge)
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  • #2,028
  • Oct 25, 2013 11:27am Oct 25, 2013 11:27am
Hindsight is always 20/20, but I wanted to show the other pairs just to help demonstrate which trades to take and which ones to skip. Hope this helps.
Attached Image(s) (click to enlarge)
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  • #2,029
  • Oct 25, 2013 1:51pm Oct 25, 2013 1:51pm
Quoting Dewey McG
Hindsight is always 20/20, but I wanted to show the other pairs just to help demonstrate which trades to take and which ones to skip. Hope this helps.
Dewey -- I greatly appreciate your explanations and charts. Once again, thank you.

I have noticed that sometimes your charts contain gadi-normalized volume and at others it has been replaced by gadi-currencies. Have you found a preference of using one over the other?
  • #2,030
  • Oct 25, 2013 1:55pm Oct 25, 2013 1:55pm
Quoting jls
{quote} Dewey -- I greatly appreciate your explanations and charts. Once again, thank you. I have noticed that sometimes your charts contain gadi-normalized volume and at others it has been replaced by gadi-currencies. Have you found a preference of using one over the other?
Technically you don't need either one. I have been experimenting recently with the currency one. Ideally I like to see the direction of the white line on Gadi_Currencies match the direction of the trade.

GG53 was talking about normalized volume showing session averages. I am not sure if that was for this method but I think if you saw a breakout coupled with a strong increase in volume it would be a good indication of a strong move.
  • #2,031
  • Edited Oct 26, 2013 6:07am Oct 25, 2013 2:44pm | Edited Oct 26, 2013 6:07am
Quoting jls
{quote} Dewey -- I greatly appreciate your explanations and charts. Once again, thank you. I have noticed that sometimes your charts contain gadi-normalized volume and at others it has been replaced by gadi-currencies. Have you found a preference of using one over the other?
jls,

I'm using the Gadi_Currencies as an extra confirmation on EACH trade that I'm considering.
It is not mandatory - but gives you extra "peace of mind".
In ideal situation you want to see the currencies going in opposite directions and the white line in the direction of the trade.
...and Dewey McG is right in explaining the Gadi_NormalizedVolume role in the "breakout" strategy.

Not related to "breakouts":
Gadi_Currencies is also my #1 tool in selecting which currency pair to trade - to minimize risk and get an "advantage".

G.
  • #2,032
  • Oct 25, 2013 7:58pm Oct 25, 2013 7:58pm
Quoting Dewey McG
Hindsight is always 20/20, but I wanted to show the other pairs just to help demonstrate which trades to take and which ones to skip. Hope this helps. {image} {image} {image} {image} {image}
Hi, Dewey. What is your R:R rate?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,033
  • Oct 25, 2013 10:46pm Oct 25, 2013 10:46pm
Quoting heispark
{quote} Hi, Dewey. What is your R:R rate?
Good question. Per system rules TP is set at 2x SL, then move to BE +1 after 7-8 pips and trail at 5. I do that except I do more of a visual on the trailing SL. I never seem to make a trailing stop work right but I prefer to rely on experience and chart time. I have a good look at what is going on and might be quicker to take TP early on some days than others.

I should spend some time playing with Steve Hopwood's MPMM EA to test the jump stops, candlestick trailing stops and other methods to fine tune my exit strategy. I am open to suggestions.

I will also look at GG53's suggestion from post 2023:

Exit point:
You can use the standard MT4 Stochastic (5,3,3) or (8,3,3) signal/main cross as an exit signal from a breakout trade.

G.
  • #2,034
  • Oct 30, 2013 3:21am Oct 30, 2013 3:21am
I am not going to keep showing all my trades, but will show some that help explain the system.

I wanted to show how using the Gadi_Currencies will help pick the best trades. The PIC with all the currencies shows which pairs are going up and which ones are going down. Ideally we want to see if we can catch a signal when they are heading in opposite directions. We can see when our trading session opens that AUD and NZD are heading up and that CHF and GBP are heading down. I used the 5 min charts on a couple trades to make the PICS to show where the signal occurred since we don't wait for the close of bar.

This is a pretty simple system and it works. It would be nice to see some others posting trades as well.
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  • #2,035
  • Oct 30, 2013 4:40am Oct 30, 2013 4:40am
Quoting Dewey McG
I am not going to keep showing all my trades, but will show some that help explain the system. I wanted to show how using the Gadi_Currencies will help pick the best trades. The PIC with all the currencies shows which pairs are going up and which ones are going down. Ideally we want to see if we can catch a signal when they are heading in opposite directions. We can see when our trading session opens that AUD and NZD are heading up and that CHF and GBP are heading down. I used the 5 min charts on a couple trades to make the PICS to show where the...
nice job Dewey,
your post really help us newbie with GG's fascinate system
thank you

Ren
  • #2,036
  • Oct 30, 2013 5:02am Oct 30, 2013 5:02am
Quoting Dewey McG
I am not going to keep showing all my trades, but will show some that help explain the system. I wanted to show how using the Gadi_Currencies will help pick the best trades. The PIC with all the currencies shows which pairs are going up and which ones are going down. Ideally we want to see if we can catch a signal when they are heading in opposite directions. We can see when our trading session opens that AUD and NZD are heading up and that CHF and GBP are heading down. I used the 5 min charts on a couple trades to make the PICS to show where the...
Hi Dewey,

Been following this thread from very beginning and going live as from Monday. I'll start posting my trades thereafter.

Regards, Lind
  • #2,037
  • Oct 30, 2013 5:03am Oct 30, 2013 5:03am
Dewey, can you post your MT4 template pls?
  • #2,038
  • Oct 30, 2013 6:47am Oct 30, 2013 6:47am
McG
Thank you for your charts, I find them really helpful.
I noticed you're not using NormalizedVolume. Any reson why?
Plus, I remember reading that it's safer using the currencies indicator on convergence (Post #620 (http://www.forexfactory.com/showthread.php?p=6116750#post6116750))

Again, Thank you MCG.
Reality is merely an illusion, albeit a very persistent one.
  • #2,039
  • Oct 30, 2013 10:27am Oct 30, 2013 10:27am
My original template can be found here:
http://www.forexfactory.com/showthread.php?p=7021990#post7021990

I don't use normalized volume any more but you can still use it for confirmation if you like. I am now using Gadi_Currencies_v3.1_Diff instead for confirmation. My new template is attached below.

Be careful to adjust times based on your broker. This week is annoying because DST ended in Europe but continues until November 3 in the US so I will have to go back and change times again

I also attached another template with Killian's indicator that has the alert. I throw that on pairs I am not watching as closely so I get an alert if they generate a signal.
Attached File(s)
File Type: tpl kill zone alert.tpl   114 KB | 640 downloads
File Type: tpl kill zone currencies.tpl   105 KB | 657 downloads
  • #2,040
  • Oct 30, 2013 10:28am Oct 30, 2013 10:28am
Here's my summery for the Spaghetti series.
Enjoy.
Can't upload cause I'm a junior member. So... here's a link.
Spaghetti Series (https://www.dropbox.com/s/4ijtkcr5cjp1977/Spaghetti%20series.pdf)
Reality is merely an illusion, albeit a very persistent one.
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