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The gg53 "Killing Zone"

  • #2,121
  • Nov 20, 2013 3:31pm Nov 20, 2013 3:31pm
Quoting chjungen
I'm attaching a screenshot that hopefully illustrates clearly how to trail a trade with OBV: {image}
What is drawn on the chart appears to be sequence of lower highs, not lows. The break of the lower high appears to be correct, however.

Trade well!
The mind thinks, the heart knows...
  • #2,122
  • Nov 20, 2013 7:38pm Nov 20, 2013 7:38pm
GG53, i love your courage, you voice power over trade given hope to the hopeless (newbies) with your amazing creation, your one of the eyes we see with.
plz keep the good work moving. cheers.
  • #2,123
  • Nov 21, 2013 1:20am Nov 21, 2013 1:20am
Quoting gg53
{quote} Sarythsaya, ...and where have you been all this time? ;-} We missed you! G.
Sorry to be absent so long gg - i have been preoccupied with my new child. I have kept a keen eye on your great work when i could - and it appears to be going from strength to strength.

Great work mate!!
Enter Signature
  • #2,124
  • Nov 21, 2013 3:14am Nov 21, 2013 3:14am
Quoting ck.2x
GG53, i love your courage, you voice power over trade given hope to the hopeless (newbies) with your amazing creation, your one of the eyes we see with. plz keep the good work moving. cheers.
ck.2x & Sarythsaya,

Thanks for your kind words.
You leave me speechless... :-}

Sarythsaya: Congratulations!!

G.
  • #2,125
  • Nov 21, 2013 7:19am Nov 21, 2013 7:19am
Quoting Sarythsaya
{quote} Sorry to be absent so long gg - i have been preoccupied with my new child. I have kept a keen eye on your great work when i could - and it appears to be going from strength to strength. Great work mate!!
Congrats. Wish good health and fortune to your new baby
  • #2,126
  • Nov 22, 2013 5:07am Nov 22, 2013 5:07am
Quoting shiva
{quote} Congrats. Wish good health and fortune to your new baby
Thanks so much!
Enter Signature
  • #2,127
  • Nov 24, 2013 7:02pm Nov 24, 2013 7:02pm
Sorry I have not posted as much recently. I have been very busy, but also have been working with Chris to get an EA out for everyone to play with and provide some feedback.



This is NOT ready for live trading.





Special thanks go to GG53 for sharing his ideas and CHJungen for coding the EA without going crazy with the numerous requests I asked for.



This is NOT suitable for live trading yet and there may well still be bugs. However you can see from the last week (even with a few bugs which have since been fixed) it shows a lot of promise.



There are 2 ways to use this EA:

 

  1. Fully automatic for the Asian Breakout. If there was a big move during the Asian session then disable the EA. The breakout has already occurred. Later we hope to get this programmed into the EA as well. Otherwise this will open a trade when the Gadi_OBV breaks out of the channel. In order to avoid false spikes you can set the number of ticks the Gadi_OBV must be outside the channel before it enters the trade. Confirmation is the slope of the TVI_2. This would be used on a 15 min chart. Most of the testing has been on the EURUSD, but this should work on any pair. I suspect pairs which have at least once currency's bank open during the London session will work better, but that is just a gut feeling.
  2. Semi-automatic on any pair on any time frame. Whenever you see a period of consolidation on your chart of at least 6 bars then you can draw 2 vertical lines on your chart. Name the first one OVBSTART which you place at the beginning of the consolidation period and the second one OVBEND which goes on the last bar. You might need to click refresh to see the channel drawn.



You have several choices with the settings. One of which is a news filter. If left on it will not take a trade 30 minutes prior to the news and will close trades 30 minutes prior as well. You can also have this close trades if still open after a certain period of time if not yet in profit. There are also several choices for how to set your TP and SL. So far I have found trailing = true, trigger pips = 20, step pips = 10 to be the best settings.



Back testing this EA is painfully slow and as such incomplete. The set file I have included is one setting that appears to be profitable for the EURUSD but may or may not be the best for other pairs or even the best for this pair. With all the great minds on this thread I am hoping more will test different options to help find the best settings.



The attached indicators must be in your indicators folder for this to work.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Name the lines.jpg Size: 268 KB
Click to Enlarge Name: Results 11_18 to 11_22.jpg Size: 510 KB
Attached File(s)
File Type: mq4 CJ Killing Zone EA V1.03.mq4   33 KB | 881 downloads
File Type: mq4 FFCal.mq4   48 KB | 674 downloads
File Type: mq4 Gadi_OBV_v2.2 for EA.mq4   3 KB | 891 downloads
File Type: mq4 Gadi_OBV_v2.3b Custom Range.mq4   9 KB | 1,300 downloads
File Type: mq4 TVI_v2_Line.mq4   5 KB | 911 downloads
  • #2,128
  • Nov 24, 2013 7:10pm Nov 24, 2013 7:10pm
Oops--here is the set file I used. You will have to save this as a set file since I can't upload a set file directly
Attached File(s)
File Type: txt KZ set.txt   3 KB | 614 downloads
  • #2,129
  • Edited 7:47pm Nov 24, 2013 7:37pm | Edited 7:47pm
Amazing work, thank you Dewey (and Chris).
post 1 updated
Humble & Kalcker CLO2 = Covid killer
  • #2,130
  • Nov 25, 2013 1:23am Nov 25, 2013 1:23am
Dewey and Chris and all the other guys that have made this possible a huge thank you to you all. I'm off to work now but can't wait to start testing this ea.
  • #2,131
  • Nov 25, 2013 1:42am Nov 25, 2013 1:42am
Guys, don't forget to set the time values in the EA according to the broker's time, as this is not done automatically
  • #2,132
  • Nov 25, 2013 2:20am Nov 25, 2013 2:20am
Quoting Dewey McG
I have found trailing = true, trigger pips = 20, step pips = 10 to be the best settings.
My 2 cents. You can also try the following method that can be fulfilled by using Steve Hopwood's trade manager EA.

Close a half of a position after 20 pips and set S/L up to B/E.
Close the second half of the rest half of a position after the next 20 pips and set S/L up to B/E plus 20 pips.
And so on.

Jumping stop is used.
Hunting High and Low
  • #2,133
  • Nov 25, 2013 2:48am Nov 25, 2013 2:48am
Quoting Dewey McG
Sorry I have not posted as much recently. I have been very busy, but also have been working with Chris to get an EA out for everyone to play with and provide some feedback. This is NOT ready for live trading. Special thanks go to GG53 for sharing his ideas and CHJungen for coding the EA without going crazy with the numerous requests I asked for. This is NOT suitable for live trading yet and there may well still be bugs. However you can see from the last week (even with a few bugs which have since been fixed) it shows a lot of promise. There are...
Nice work Dewey, thanks!
  • #2,134
  • Nov 25, 2013 6:06am Nov 25, 2013 6:06am
hi , i'm new to the thread , and from what i have been reading around it looks awesome , but i'm also new to forex itself so can someone help me and post "THE LIST" of things i have to download in order to apply killing zone ? Thanks .
  • #2,135
  • Nov 25, 2013 3:09pm Nov 25, 2013 3:09pm
Again--please don't use this on a live account yet. There may well still be some bugs.
  • #2,136
  • Nov 25, 2013 3:16pm Nov 25, 2013 3:16pm
Quoting Ever E. Man
{quote} Some traders seem to think that they're trading against the banks, and other large traders, instead of each other. A nice thought but not very likely. You are probably almost always trading against other retail traders. And at 8-10% of the volume, you aren't going to hurt the big guys! Does it matter who you are trading against? Or who is running your stops???? Why would it? It's more important to find out how to keep them from being hit! All we need to know is how price moves, on average, not why it moves or who is moving it! Even...
Great series of posts. I have also started to read more about order flow analyses just to try to get a better understanding but as you said they why is not as important. How price moves is.
  • #2,137
  • Nov 25, 2013 3:17pm Nov 25, 2013 3:17pm
Quoting shiva
{quote} Nice work Dewey, thanks!
Chris (chjungen) did all the coding so he (and GG53) deserve the lion's share of the credit.
  • #2,138
  • Nov 25, 2013 4:35pm Nov 25, 2013 4:35pm
Silly question but how do you move the news script from the left side of the chart to the right?
  • #2,139
  • Nov 25, 2013 4:50pm Nov 25, 2013 4:50pm
scratch my post have found out how to move my text
  • #2,140
  • Nov 25, 2013 5:16pm Nov 25, 2013 5:16pm
Quoting jusiur
Amazing work, thank you Dewey (and Chris). post 1 updated

Hello Jusiur,

Has anyone tried putting a Bollinger Band on the Gadi OBV? You can shift the Bollinger Band and it even provides better results taking out much noise !!!
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