Hi TRO,
Do you have BuyZone indicator created for NeoTicker?
THE BUY ZONE MANUAL
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- TheRumpledOne
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When NOT to trade the BUY ZONE?
When the market is moving rapidly it is probably advisable not to trade the Buyzone because you can get stopped out on both trades in seconds. I traded the EUR\USD and used the buyzone at 10:18 AM new york time and got almost instantly stopped out on both because the market was a little fast.
The best time would be after 12:00?? Or after the news announcements stop?
The best time would be after 12:00?? Or after the news announcements stop?
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- rowdy
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Re: When NOT to trade the BUY ZONE?
PINKPANTHER5 wrote:When the market is moving rapidly it is probably advisable not to trade the Buyzone because you can get stopped out on both trades in seconds. I traded the EUR\USD and used the buyzone at 10:18 AM new york time and got almost instantly stopped out on both because the market was a little fast.
The best time would be after 12:00?? Or after the news announcements stop?
I was curious like you when would be the best times to trade BZ. So I created a strategy in Tradestation to start at Midnight and count the number of times that the price crossed over the opening price going back nine years of data. Then I would increment 5 minutes and do the same thing again over a 24 hour period. See attachment. The results arent really surprising when you think about it. I sorted the results and you are looking at the least number of crossings. Notice that Monday morning seems to just rock. Friday is a shorter session so I wouldnt put much weight on those values.
Thanks Avery for all of your help. Your kindness and generosity are much appreciated.
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- Best Times for BZ.xls
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- prochargedmopar
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Rowdy,
Least # of crosses.
Do you mean crossing the buylsell zones or the TP zones?
Can you run one that checks to see which one's actually make it 11 pips from open?
Thanks,
Procharged
Least # of crosses.
Do you mean crossing the buylsell zones or the TP zones?
Can you run one that checks to see which one's actually make it 11 pips from open?
Thanks,
Procharged
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- rowdy
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prochargedmopar wrote:Rowdy,
Least # of crosses.
Do you mean crossing the buylsell zones or the TP zones?
Can you run one that checks to see which one's actually make it 11 pips from open?
Thanks,
Procharged
Thanks for the reply. The spreadsheet you are looking at shows the number of times that the price crossed back over the opening price over a nine year sample. What I did was start at midnight (0000) and count the number of times that the price crossed over the midnight opening price. Then I incremented the open time by 5 minutes. Then I counted the number of times that the price crossed over the 0005 opening price. I added 5 minutes again and again until the 2355 opening time. Then I took the resulting text file for the entire run and sorted it by the least number of crossings to the most. The results in the spreadsheet are the times that had the LEAST number of crossings back over the opening price. The reason for this is obvious. If you are trading buy zone, I think you would agree that getting whipsawed is a bad thing You have the best results when the price starts in one direction and just keeps going and going away from the opening price. Go back and just look at the charts for GBPUSD at the London opening time. Go back several days and just look at what happens. What you will see on several occasions is the price starting to go up or down and just keep going away from the open. That first hour is a real opportunity to make great money using buy zone. WARNING: This information may cause severe burn-in of the word GREEDY on your plasma monitors . What you are looking for on the days of the week are the LEAST crossings. Notice how good Mondays are. Fridays are a short session so I would not put much weight on those values. Try trading buy zone on Monday mornings at the first hour of the London open on the GBPUSD and see how well you do. I think you will be extremely pleased with your results.
As far as the 11 pips, I am certain that the price would move from the open by 11 pips at some point during the day almost without exception.
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