BUY ZONE FOR DUMMIES INDICATOR

[jana]

Coming Soon !!!

Is that for TS Avery ?

[TheRumpledOne]

NO... for MT4

[jana]

I know, was j/k, dreaming of auto update BZ.

[marc]

Hi!

I like the buy zone. It is easy to trade and it is only based on price action.

But today I had a lot of bad trades too. So, in red here.

[Randolermo]

TRO,

need a little education. I was trading BZ with demo account and was up 5 pips trying to go to 6 before taking profit. The market then went against me down to -3 before going back up where I took 7 pips. My question is; regardless of individual T/P and S/L, under a trade like this when you're up for a while and it turns against you, do you wait until it hits your S/L (5-7 pips) or should you close out when it goes down and take either 1 pip or minimize loss? In my case, I waited and benefited but that won't always happen.

I'd appreciate you advice.

GLTA...Rando

[TheRumpledOne]

You were up 5. On EFX Group that would be net 3 pips. Price stalled. GRAB THE PIPS.

Or leave SL at 7 and wait for your TP to hit or get stopped out.

[Randolermo]

Thanks TRO.

It sounds like personal preference based on what works for you. So I just need to trade using BZ and work it out myself for exiting.

In this trade, I had a S/L but didn't have TP since I was watching with my finger on close button. I personally am thinking I want to watch my trades and take the PIPS when I can and I'll guess after trading a bit, I'll know if that's the right way for me.

GLTA...Rando

[FX]

I am using:

TRO SAK MULTIPAIR

TRO PRICE EZ

TRO RANGE EZ

TRO BUYZONE

These indicators have user inputs that allow you to move the display to any spot on your screen.

TRO SAK MULTIPAIR allows you to select as many pairs as you want over as many time periods you want. You can specify 3 indicators that reside in your indicator folder for it to display. You have complete control over the color/level combinations.

It would probably take me a month to write a manual to explain all the ways you can use TRO SAK MULTIPAIR. If you just use it AS IS, you can make a bunch of pips... some of us already have!!

TRO RANGE just places the real time range statistics right in front of you. The current hour's range, average range, maximum range and minimum range.

TRO PRICE is really a compass that tells you which way the price is moving at the time in comparison to the previous close, previous high, previous low, previous middle and current middle.

And of course, TRO BUYZONE, tells you when to enter the trade, and when to exit. No thinking necessary! Today, it produced winner after winner after winner...

I would be remiss if if didn't publicly say thank you for the gifts. I'm still learn the what some of the outer numbers of the indicators mean, but the few opportunities I've had to trade the lines has been good!

Avery, thanks again!
Regards, FX

P.S. Anytime you want to put that indicator manual together, I'll use it.

[TheRumpledOne]

Outer numbers? If you mean on TRO_SAK_MultiPair, that is the value of the indicator in column 1. There's an input to turn if off.

$CDL returns a 1 if candle green, a -1 if red and a 0 if flat. So displaying that is redundant.

But you could use a disk indicator like Moving Average and you may want that number to display.

You're welcome and thank you for your support.

[yurcek]

Ah I will test the demo platform from EFX and then we'll see how it works, otherwise I will not understant what is all about.