BUY ZONE FOR DUMMIES INDICATOR

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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!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Bruce
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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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Gert Frobe
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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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Postby yurcek » Sat Jan 12, 2008 3:50 am

Very good indicator for dummies like me :D
Good work. But I ' don't know what you are saying here is this indicator for sale or is meanted as "gift" only for special people ? Sorry english is not my first language.

I also have question, I manly trade on GBPJPY and my broker's spread is 7 pips. And also stoploss in buyzone is 7 pips. How to handle this problem ?

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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 1369 times
_BZ_everyhour_G.ex4
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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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Randolermo
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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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Postby rolska » Sat Jan 12, 2008 9:07 am

:D On a scale from 1-10.....this is a 12. I could teach my wife to do this when I am too busy, or even my 8 year old boy. Thanks for your generosity to share. I really appreciate your work and your philosophy.
wish you a happy life

Rolf :D

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Postby richie » Sat Jan 12, 2008 11:57 am

avery, would you mind explaining me the meaning of the circled numbers?


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