First I would like to say. TRO's BUYZONE is an excellent tool. I have been making successful trades with it thus far, over 5 consecutive wins in a row just today after using it, at 25 pips total.
I don't know what it is about the BUY ZONE, but as soon as you hit the ZONE, you are almost always guaranteed a 5-pip profit to take.
So far, my strategy with the BUY ZONE is simple.
When the hour starts. I set a LIMIT BUY, STOP LOSS and TAKE PROFIT based on the buy zone indicators. I let the hour continue and wait for the price to move into the zone.
I am extremely patient. Sometimes it may take seconds or even 45 minutes before the price gets into the zone. I do something else like marking student tests, to keep myself occupied whilst waiting for price to move into the zone.
During the hour there may be many opportunities to profit (that buyzone didn't predict) however I ignore them and just go with the BUY ZONE.
When the price does eventually hit the BUY ZONE within the hour, it usually always does at least once. I buy and almost ALL the time from that point, the price always heads up, at least 5-10 pips minimum. I collect my pips and run.
Once I have collected my pips. I don't make another trade until the NEXT hour, even if in the same hour it hits the buy zone again. I find that the first hit in the zone is the best, after that the likelihood of the price going below the zone is higher.
It seems to ALWAYS work and is very consistent. Whilst I may see many other opportunities during the hour to collect pips. The buy zone seems to guarantee collection so it feels like the buy zone makes trade more securely and lowers the likelihood of the price moving against you.
So my question really is... How was the buyzone constructed from a statistical point of view? It's consistency is amazing.
trading strategies and money management discussion, code, results
3 posts • Page 1 of 1
Yeah man... more BZ peeps coming in... Much success to you!