BUY ZONE FOR DUMMIES INDICATOR

[daniil]

For everyone who wants to trade the BuyZone or other setups with few pips goal - DO NOT USE MT4 BROKER AS A TRADING PLATFORM!!!

Here it is used as the free-of-charge datafeed only.

you will loose because:
- you fight against fixed spread;
- you can not use Limit orders to enter/exit
- you have no Market Depth (Level II) information

Re-read TRO BZ manual - one of the most important things in this strategy is the "right" broker.

Try to understand that the reality differs from the "reality" that fixedspread brokers want you to believe...

BRGDS, Dan

[ChronoX]

hi all,

so, one question more
why shows (_TRO_BuyZone_v4a) a SHORT in this position?

Regards
ChronoX

[gioviforex]

Tells you to close long position

[davidf]

Hi I use EFX and I have §8,17 commision for 10000 amount. BUY Zone strategy wiht 3 - 5 pip target dont wok fom me. Can you expalin me how way you get commision 0,8 for 10000 amount?

THX

DavidF

[ChronoX]

Tells you to close long position

i don't agree, because...

(_TRO_BuyZone_v4a) shows all this label.

BUY - buy for long
SELL - sell for short
LONG - stay long with trade
SHORT - stay short with trade

-----------but I'm not sure in this --------
COVER - close trade long?
SL SELL - ???
SELL SHORT - close trade short?
SL COVER - ???

who can explain to me?
Thy
ChronoX

[TheRumpledOne]

There's a bug that I am working on.... Please use the Original Buy Zone for Dummies.

[pdean123]

Does anyone take into account the USDJPY fundamentals. The USDJPY is highly correlated to the US Equity markets. When the market is down the USDJPY is usually short as risk is high. That should mean on those days the safest bias for the Buy Zone trade would be to the down side and vice versa on days when risk is lower and the USDJPY is going up. Just a thought to watch while you are tracking your trades.

[marc]

Hi!

It is amazing all the times you get killed here. Look at this hour.

[pdean123]

5 straight wins today and it only 11:30 AM ESt. 3 off strictly using the Buy Zone and 2 by watching the Buy Zone in conjunction with the H1 Fib levels and using the 1/10th pip spread in EFX.

[pdean123]

Here are my trades for today so far using the Buy Zone.