BUY ZONE FOR DUMMIES INDICATOR

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 11, 2008 8:43 pm

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Another Buy Zone profit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 11, 2008 8:45 pm

richie wrote:sorry TRO, I could not find the XY axis indicator that you mentioned. What should I do in order to make the BZ price showed up?



Image


Attached.
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__TRO_XY_Axis_Plot.mq4
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__TRO_XY_Axis_Plot.ex4
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Gert Frobe » Fri Jan 11, 2008 11:28 pm

Avery this is way too easy. this was from 2:00 cst on a friday- a time frame i never trade and i was able to crank out 7 more pips. iv been trading the BZ from the start but this just makes it a lot simpler to trade.

so, thank you again. im starting to feel guilty - i just wanted to say hey thanks and let me pay for a night on the town for you and a lady friend. but, iv made 10 times that amout from from how it keeps me in trades longer (i usually pull out after a quick 2-3 pips) now im in for an avrage of 6 net pips.

airball
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TheRumpledOne
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Postby TheRumpledOne » Sat Jan 12, 2008 12:09 am

Image

Yes, the BUYZONE FOR DUMMIES indicator was cranking out pips all day.

All you have to do is WAIT for the signal. No rushing the entry. No UNOFFICIAL BUY ZONE TRADES. Just do exactly what the computer tells you to do. No thought required.

This is really too simple.

I guess I should put in switches to turn off everything but the entry/exit signal... no lines, no gauges, NOTHING but the signal.

P.S. AirBall... You need to change the input colors in the Buy Zone indicator because one of the colors is white and your background is white!
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Postby Bruce » Sat Jan 12, 2008 12:27 am

Avery,
Thanks for all that you have been sharing and creating with MT4 and the BuyZone.

I have a question about the settings for the BuyZone.
SInce you are using EFX with little or no spread, but we are using MT4 brokers that may have spreads for USDJPY of 3 to 4 , do we make any adjustment for that in the settings?

Thanks.

Bruce

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Postby Gert Frobe » Sat Jan 12, 2008 12:45 am

Avery, i was playing w/ the back ground color, i use the black back ground but i like this one.
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TheRumpledOne
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Postby TheRumpledOne » Sat Jan 12, 2008 12:48 am

Bruce wrote:Avery,
Thanks for all that you have been sharing and creating with MT4 and the BuyZone.

I have a question about the settings for the BuyZone.
SInce you are using EFX with little or no spread, but we are using MT4 brokers that may have spreads for USDJPY of 3 to 4 , do we make any adjustment for that in the settings?

Thanks.

Bruce


I am using the MT4 demo feed and make no adjustments.

The bid usually matches the on EFX. When it does not, then that is usually a heads up the market is going to move. Use it to your advantage!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sat Jan 12, 2008 4:27 am

Image



The NOT FOR DUMMIES version of the BUY ZONE has been posted before but I'll attach it again.

As far as the pip spread, I am NOT going to debate that there is NO FIXED SPREAD in FOREX.

I don't know the statistics for the pair you are trading. You have to know the stats to trade the Buy Zone.
Attachments
_BZ_everyhour_G.mq4
(12.59 KiB) Downloaded 1402 times
_BZ_everyhour_G.ex4
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Randolermo » Sat Jan 12, 2008 6:08 am

Bruce & yurcek,

use TRO's indicator with a MT4 but don't trade with someone who has spreads for you're wasting you time and money. I already learned that. :wink:
Use EFXGroup like I'm doing or similar ECN and I'm convinced this system will reward you immensely once you get the hang of it. Also take a look at Buy Zone manual thread.

TRO, I'm so glad you have start writing these indicators for MT4 because this makes too simple for any trader...me included

Keep it up...much thanks :D

Rando

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Postby balkanbro » Sat Jan 12, 2008 9:00 am

Avery you are awesome!!!!!

many thanks for all your hard work and help!!

your codes have helped me alot and I am sure I have many more to go through. there is just so many of them.

thanks :)

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