The gg53 "Killing Zone" | Page 104 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

The Ultimate truth by gg53 4 replies

Metatrader "killing" 3rd party developers? 6 replies

It’s our job to trade "Futures" not "Histories", by Joe Ross 7 replies

Attachments: The gg53 "Killing Zone"
Exit Attachments

The gg53 "Killing Zone"

  • #2,061
  • Nov 5, 2013 2:16pm Nov 5, 2013 2:16pm
Quoting gg53
{quote} Dewey McG, Did you try the Stochastic (8,3,3) main/signal cross? G.
Thanks for the reminder. I will have a look at that.

I was grumpy last night because all my trades closed early for small profits (I know--shouldn't be so greedy). However it was a good thing because they did reverse and I was better off.
  • #2,062
  • Nov 5, 2013 4:25pm Nov 5, 2013 4:25pm
Quoting gg53
{quote} Dewey McG, Did you try the Stochastic (8,3,3) main/signal cross? G.
I've done some quick visual back-testing with the crossing stochs as a TP method. Ouch. That really cuts trades too short in my opinion (from very, very limited back-testing).

If you buy near the top of a swing the crossing stochs seem to get you out in profit more often than not before you give back too much of your gains as the market continues down but I really think the stochs used as a part of money management does the opposite of what Dewey is after which, I think, is letting some of the bigger moves take you along with them to maximize profits as much as possible. The crossing stochs will take you out of many trades well before they really get moving.

I will try to back-test a few different MM methods over the next few days. Some may give a higher win rate while others, with a smaller win % will maximize profit. I'll certainly let you know if I find anything interesting.
  • #2,063
  • Nov 5, 2013 6:39pm Nov 5, 2013 6:39pm
Quoting gg53
{quote} heispark, Do you mean that the TEXT is not disappearing on disabled? if that's the case - you might be right... I disabled the channel drawing but not the textual comment. I'll try to fix that in coming version. Sorry... G.
Yes, G, that's what I meant. Take your time, G. I know you're very busy. And I really appreciate all your work done for your fabulous indicators and system! It's awesome.

Regards,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,064
  • Edited 7:52pm Nov 5, 2013 6:41pm | Edited 7:52pm
Quoting chjungen
{quote} Ok, here is it. You have to set ShowSessionTime to false. Chris {file}
Thank you very much, Chris. It solved my problem!
Have a good day.

regards,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,065
  • Nov 6, 2013 5:22am Nov 6, 2013 5:22am
Quoting jls
{quote} I've done some quick visual back-testing with the crossing stochs as a TP method. Ouch. That really cuts trades too short in my opinion (from very, very limited back-testing). If you buy near the top of a swing the crossing stochs seem to get you out in profit more often than not before you give back too much of your gains as the market continues down but I really think the stochs used as a part of money management does the opposite of what Dewey is after which, I think, is letting some of the bigger moves take you along with them to maximize...
jls,

Your entry is a bit late.
I'm entering at the actual breakout and not at bar close.
See "Yes, we can..." post (#2050 and initial breakout posts on first pages).

G.
  • #2,066
  • Nov 6, 2013 11:04am Nov 6, 2013 11:04am
Hey GG good to see ur system still moving along. Been out of the market for almost a year. Opened 2 new restaurants during that time. Things are much more settled now so back to trading for me. Had a quick scan through the thread, everything still seems very familiar. Gonna be posting my trades as of Monday next week, live as usual, using obv breakout and the tick volume. Trades will be from London open till 1 hr after NY opens. Let's keep it simple and make some money.
  • #2,067
  • Nov 6, 2013 11:11am Nov 6, 2013 11:11am
Quoting safsyed
Hey GG good to see ur system still moving along. Been out of the market for almost a year. Opened 2 new restaurants during that time. Things are much more settled now so back to trading for me. Had a quick scan through the thread, everything still seems very familiar. Gonna be posting my trades as of Monday next week, live as usual, using obv breakout and the tick volume. Trades will be from London open till 1 hr after NY opens. Let's keep it simple and make some money.
safsyed,

Hey, I can't eat at two places at once...
Can we make it one week here and the other there or alternating Thursdays?

Good luck with your new restaurants !!
Good to see you back.
Enjoy.

G.
  • #2,068
  • Nov 6, 2013 5:42pm Nov 6, 2013 5:42pm
Haha anytime brother, next time ur in the uk give me a shout. I'm glad to see nothing much has changed with regards to the system. Big thanks to McG, ur trades and explanations are top notch. Keep up the good work my man. Hopefully this noob can help everyone just as much.
  • #2,069
  • Edited 10:00pm Nov 6, 2013 5:43pm | Edited 10:00pm
I received a number of suggestions--and thanks! Here is a PIC showing a trade last night and the different suggestions. One trade is not enough to make a determination. Each one will need some chart time to see if one does better over a period of time:

1. Chandelier stop (this would have netted the highest number of pips

2. Trailng Stop (this is what I did use).

3. Stoch crossover (looks like it would have been about the same as my trailing stop)

4. 27 period SMMA (around break even if you closed the trade as soon as the MA was broken, a loser if you waited until close of the candle)

5. 21 period Smoothed MA (SMMA) over the Gadi OBV (close when Gadi crosses the MA--small loss)

I can't complain as long as I continue to keep making pips every day but I am just trying to find the best way to squeeze the most out of each trade at the lowest possible risk. Yes, I know I am being greedy.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_fxm15 exit methods.jpg Size: 312 KB
  • #2,070
  • Nov 6, 2013 5:56pm Nov 6, 2013 5:56pm
All good stuff there McG. I'm going to be using round numbers and pivot points as exit strategies. Will show results once I start trading next week.
  • #2,071
  • Nov 7, 2013 3:01pm Nov 7, 2013 3:01pm
Hallo Kilian
When i change the time frame the pip value is not the same on both time frames why?
  • #2,072
  • Edited 2:25am Nov 8, 2013 2:14am | Edited 2:25am
What the Elephants knows that we don't know?

Here is pre-Draghi announcement on the EURUSD & EURJPY, on M5 chart.
Gadi_OBV channel breakout "predicted" this minutes before.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.m5_draghi.png Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.m5_draghi.png Size: 27 KB
  • #2,073
  • Nov 8, 2013 5:13am Nov 8, 2013 5:13am
Quoting providan
Hallo Kilian When i change the time frame the pip value is not the same on both time frames why?
It will take me some time to read what has happened during the past few weeks. Maybe I did a small mistake creating this indicator but indicators can be buggy when changing timeframes (mql isn't the strictest of all languages). If reapplying the indicator to the time frame doesn't solve the issue I will take a look at it again.
  • #2,074
  • Nov 8, 2013 5:44am Nov 8, 2013 5:44am
Quoting gg53
What the Elephants knows that we don't know? Here is pre-Draghi announcement on the EURUSD & EURJPY, on M5 chart. Gadi_OBV channel breakout "predicted" this minutes before. G. {image} {image}
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,075
  • Nov 8, 2013 8:06am Nov 8, 2013 8:06am
What the Elephants knows that we don't know?

Pls, learn how to use it for other breakout situations, not just the "Asian session" if you want to warm my heart...
Here's today's NFP results.
I announced the predicted outcome in another forum 2 minutes before the actual evevnt.
Pls, use it in other breakout situations and we all make a yacht party.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_NFP_2013_11_08.png Size: 105 KB
  • #2,076
  • Nov 8, 2013 12:02pm Nov 8, 2013 12:02pm
Hi GG,

Congratulation to your news trades yesterday and today. Excellent examples how to go with elephants. Just want to share my observations. Yesterday's chart from the time of Minimum Bid Rate news matched mine (probably because of 5min candle chart) - here we got better chance or time to see the action before announcement.

But today I have compared your 1min chart and mine and there are differences. Probably of different broker feeds, right? So in my chart candle at 13:29 and Gadi_OBV indy didn't show me the same opportunity as in yours. (Different candle close = different Gadi_OBV value). Can you confirm?

Thanks,
Kapy
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 223 KB
  • #2,077
  • Nov 8, 2013 1:09pm Nov 8, 2013 1:09pm
Quoting gg53
What the Elephants knows that we don't know? Pls, learn how to use it for other breakout situations, not just the "Asian session" if you want to warm my heart... Here's today's NFP results. I announced the predicted outcome in another forum 2 minutes before the actual evevnt. Pls, use it in other breakout situations and we all make a yacht party. G. {image}
Simply superb G The problem is, the elephants don't talk to me lol
  • #2,078
  • Nov 8, 2013 2:59pm Nov 8, 2013 2:59pm
Quoting kapybara
Hi GG, Congratulation to your news trades yesterday and today. Excellent examples how to go with elephants. Just want to share my observations. Yesterday's chart from the time of Minimum Bid Rate news matched mine (probably because of 5min candle chart) - here we got better chance or time to see the action before announcement. But today I have compared your 1min chart and mine and there are differences. Probably of different broker feeds, right? So in my chart candle at 13:29 and Gadi_OBV indy didn't show me the same opportunity as in yours. (Different...
kapybara,

You marked the session low too far away in the "past".

G.
  • #2,079
  • Nov 8, 2013 3:02pm Nov 8, 2013 3:02pm
Quoting shiva
{quote} Simply superb G The problem is, the elephants don't talk to me lol
shiva,

They don't talk to me either, so I called Merlin (Gadi_OBV). He speaks their language....

G.
  • #2,080
  • Nov 8, 2013 4:10pm Nov 8, 2013 4:10pm
Quoting gg53
{quote} kapybara, You marked the session low too far away in the "past". G.
Hi GG,

I don't want to sound stupid, but probably I don't get your rules of channel for Gadi_OBV when expecting news. So upper line seems to be clear (the top at 13:19) what should be the value for bottom line? The very recent low on Gadi_OBV (candle 13:27)? Why you don't consider the low swing on Gadi at 13:04 as the treshold for the bottom boundary?
Different placing for this bottom line confused me.

K.
1 trader viewing now