BUY ZONE FOR DUMMIES INDICATOR

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 14, 2008 4:36 pm

Tro Price EZ, TRO Range EZ and others like them are sent to people who have made a donation to my PayPal account as a THANK YOU for showing appreciation.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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chip
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Postby chip » Thu Feb 14, 2008 4:38 pm

TheRumpledOne wrote:Tro Price EZ, TRO Range EZ and others like them are sent to people who have made a donation to my PayPal account as a THANK YOU for showing appreciation.


TRO, Thank you for all the hard work you do on _all_ your indicators.
You put $s in my pocket every day!

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Postby rdhtci » Sat Feb 16, 2008 11:28 pm

TheRumpledOne wrote:I created the Buy Zone for stocks about 5 years ago. Hundreds of hours of statistical analysis.


TRO,

I'm interested in using BuyZone for stocks -- can you tell me if/where you have posted info on the numbers?

Thanks,

Rob

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TheRumpledOne
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Postby TheRumpledOne » Sun Feb 17, 2008 6:52 pm

LOL! Just search here on Kreslik.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

rdhtci
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Postby rdhtci » Sun Feb 17, 2008 7:22 pm

OK, Thanks.

For anyone else who is looking, there's info on this at:

http://kreslik.com/forums/viewtopic.php ... sc&start=0

...

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Postby Jujuman » Thu Feb 21, 2008 1:58 am

Hey TRO great work.

BTW..... what is the "recommended" donation? I don't want to insult you with a mere pittance.


Jujuman

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Postby Dracozny » Thu Feb 21, 2008 4:29 am

Jujuman wrote:Hey TRO great work.

BTW..... what is the "recommended" donation? I don't want to insult you with a mere pittance.


Jujuman


there is no set amount, give what you think is fair.

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Postby speculari » Thu Mar 13, 2008 3:17 am

The Buy zone stats and range ez are out of view on the far right of my charts. Any suggestions on how to fix this? i tried switching to win 1 or 2 but when i do that its not visible at all.

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 13, 2008 4:16 am

Use the x and y inputs.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby greaterreturn » Sun Mar 16, 2008 11:18 pm

TRO, I'm trading real money with the Buy Zone using MB Trading. I've only been doing this a week so be patient with a newbie. I made profits and losses last week. The losses were all due to my error but at least I broke even for the work AND I'm LEARNING!!!!

I just took a loss this evening (Sunday) because the USD/JPY has a bid/ask spread of 3 pips (Sunday evening) and I'm wondering whether to use "traded through" or "first touch" or maybe some other stop loss plan or switch to mental stops? I don't know. I'm afraid of mental if my family distracts me and the market makes a move.

Here's what happened today.

I shorted at 98.46 on a stop limit with a TTO set at 98.35 for target and 98.53 for stop loss.

Well on my chart it never went over 98.50 but I was filled on my stop loss with a buy at 98.53

From MBT support it turns out that the charts only show the bid. So the bid/ask spread was 98.50 by 98.53 and I got filled at a loss of 7 pips.

So my question: Does the 7 pip stop loss for the Buy Zone work when the bid/ask spread is 3 or 4 pips wide?

Also: Should I switch to "traded through" for the stops? That means that it won't fill my stop loss on the buy side unless the bid gets to that point.

My concern is that if I do that, then the ask will be 3 pips higher and cost me a 10 pip loss on the 7 pip stop.

So maybe I'm asking all this the wrong way. To put it simply, how to handle the stop loss on wider bid/ask spreads? Or stay out of them?

WAIT: If I use traded through, it means my stop limits to enter probably won't get filled because the stop will only fire when the ask touches it. So my sell limit will be 3 pips too high for the bid price, right?

I'm getting confused and need help, please.

Sincerely,
Wayne

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