Kenyuki wrote:This method has been tried and trusted and I'm not going to mess around with it
With all my respect I disagree.
I don't know for sure, on which timeframes, time(s) to trade,
currency pairs, stop-loss and profit-target figures,
average candle size, market conditions, etc
this method was tried, so I cannot blindly trust in it.
My 2 months struggle with BZ on EURUSD M5 London open
and USDJPY M15 during Asian session didn't give me
profit. It gave me screen time and overall understanding
of scalping techniques.
N.B: By sentence above I'm not saying, that BuyZone
is not un-profitable generally. I cannot found the way
to make it profitable for the above-mentioned parameters.
I haven't tried other combinations.
Everyone would agree, that even slight change to any
of the parameters above might change the results significantly.
For example, nobody will make a profit from BZ
around Tokyo open on GBPUSD or even on EURUSD on
Sydney open - just because price may stay in the range
between BuyZone and SellZone for hours there, there are
no enough volume and movement.
What Ken is doing - is trying another set of parameters.
If he would find a Holly Grail with it - I'll grab it too.
If not - that doesn't mean anything, apart from fact that
this set of parameters is un-profitable. Another set
(just around the corner) - may be, but we don't know about this
untill we try.