BONZ. Using technical indicators to trade.

[Don_xyZ]

There is really no need to introduce MA and the way to trade it is very simple. We'll see how to push this idea to the max.

Not selling anything. Just trying to share some (possibly) good trading ideas

So, chart

Put 2 layers of MA.
Buy if price goes above upper layer,
Sell if it's below.
If it's in the middle, don't trade. That's the No Zone. Thus the name, Break Or "No!" Zone - BONZ.

Screenshot_20220517-214544.png (155.07 KiB) Viewed 2475 times

I designed an EA using similar idea and it passed FTMO challenge 2x after 8 attempts and modifications. We're talking about 18 months ago give or take.



Links to all important posts in this thread:

How to use Moving Average indicator
post151831#p151831
post151833#p151833
post151895#p151895
post154129#p154129
post155447?sid=c301d79de681b7c51569e26156212ed4#p155447
post155712#p155712
post159541#p159541
post159793#p159793
post159847#p159847
post159854#p159854

How to use Stochastics indicator
post154144#p154144
post154862?sid=8c18b975f34bc840a8aa2f46bdcb32ba#p154862
post155712#p155712

How to use Ichimoku Kinkyo Hyo indicator
post159264#p159264
post159378#p159378
post159404#p159404
post159451#p159451
post159460#p159460
post159514#p159514

The indicators

Boxes and Lines v1.00j.ex4

(69.96 KiB) Downloaded 28 times

Boxes and Lines v1.00j.mq4

(85.59 KiB) Downloaded 29 times

CustomCandles - any tmf.ex4

(20.88 KiB) Downloaded 31 times

CustomCandles - any tmf.mq4

(8.69 KiB) Downloaded 36 times

MarketSessions 1 session.ex4

(14.09 KiB) Downloaded 29 times

MarketSessions 1 session.mq4

(2.91 KiB) Downloaded 33 times

Inside_Bar BT.mq4

(19.89 KiB) Downloaded 5 times

Inside_Bar BT.ex4

(21.79 KiB) Downloaded 4 times

var-moving-average.mq4

(4.11 KiB) Downloaded 5 times

var-moving-average.ex4

(13.91 KiB) Downloaded 4 times

var-moving-average modified.mq4

(6.64 KiB) Downloaded 9 times

(modified to work as a dotted line chart coz I'm just too lazy lolz)

var-moving-average modified.ex4

(11.56 KiB) Downloaded 8 times

(modified to work as a dotted line chart coz I'm just too lazy lolz)

Anchored.png (7.14 KiB) Viewed 740 times

Gonna update the links regularly.

[Don_xyZ]

The layer should be the high and low point, don't use close. Use the same look back period for both.

Use 2 tf, one for bias, smaller one is for entry. Only take entry according to bias. If bias is bearish then only seek sell entries vice versa. Only trade during Euro or U.S. session if your entry uses anything less than H1.

[Don_xyZ]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

Blue is line chart.

[aliassmith]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

[Don_xyZ]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

[Don_xyZ]

I got like 6 or 7 ideas for the stop loss but I guess the best out of them is using candle’s to-the-bottom range (not ATR because this is a trend following strategy so the SL must be able to adapt to the latest market appetite and that is the C[1] - L[1] while entry is at C[1]). So for sell position it’s gonna be to-the-top range. Now what’s left is the range multiplier and the TP is also a multiple of SL (or you can have an open TP and close it manually because it’s H1 anyway).

Also, we need a filter so the EA won’t just take any candle to trade. If it’s too big, ignore.

Maybe TRO can turn this into an indicator too

[aliassmith]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

I threw some basic numbers on and worked from there. I have studied MA and found that one isn't necessarily better than another when it comes to minor adjustments. I figured it was close by only looking.

I thought you would need to add the candles back to get a better idea of SL and TP, although DCHappy uses a line chart when he trades so I could be wrong.

I have done some algo stuff in the past. Getting an algo to do exactly what you want might seem simple at first. Sometimes simple becomes hundreds of lines of code. I have found if I can get an Algo close, and it alerts me, I can be the final decision maker in the process. I get an alert on my phone. I open my MT5 app on my phone and make a decision.

If I had a Blackbox algo that makes 10% a month, I wouldn't be trading.
Run that Algo on enough size to make $1 million a month would be fine.
Alright I'm a liar, I love trading so I probably still would trade.

[Don_xyZ]

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

I threw some basic numbers on and worked from there. I have studied MA and found that one isn't necessarily better than another when it comes to minor adjustments. I figured it was close by only looking.

I thought you would need to add the candles back to get a better idea of SL and TP, although DCHappy uses a line chart when he trades so I could be wrong.

I have done some algo stuff in the past. Getting an algo to do exactly what you want might seem simple at first. Sometimes simple becomes hundreds of lines of code. I have found if I can get an Algo close, and it alerts me, I can be the final decision maker in the process. I get an alert on my phone. I open my MT5 app on my phone and make a decision.

If I had a Blackbox algo that makes 10% a month, I wouldn't be trading.
Run that Algo on enough size to make $1 million a month would be fine.
Alright I'm a liar, I love trading so I probably still would trade.

Yeah, I like 7 so I put it there. Yeah, could be. SL optimization is necessary.

When it comes to EA, the more you know, the longer the final lines will be lolz
If an idea is complex enough then an indicator version with alert is good enough, yes.

I need to work my brain coz my stuff is already boring. Thinking about ideas creates excitement a little bit and at least it’s money-generating ideas so it can be useful.

[aliassmith]

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

I threw some basic numbers on and worked from there. I have studied MA and found that one isn't necessarily better than another when it comes to minor adjustments. I figured it was close by only looking.

I thought you would need to add the candles back to get a better idea of SL and TP, although DCHappy uses a line chart when he trades so I could be wrong.

I have done some algo stuff in the past. Getting an algo to do exactly what you want might seem simple at first. Sometimes simple becomes hundreds of lines of code. I have found if I can get an Algo close, and it alerts me, I can be the final decision maker in the process. I get an alert on my phone. I open my MT5 app on my phone and make a decision.

If I had a Blackbox algo that makes 10% a month, I wouldn't be trading.
Run that Algo on enough size to make $1 million a month would be fine.
Alright I'm a liar, I love trading so I probably still would trade.

Yeah, I like 7 so I put it there. Yeah, could be. SL optimization is necessary.

When it comes to EA, the more you know, the longer the final lines will be lolz
If an idea is complex enough then an indicator version with alert is good enough, yes.

I need to work my brain coz my stuff is already boring. Thinking about ideas creates excitement a little bit and at least it’s money-generating ideas so it can be useful.

Im not sure if an indy can send the alert I would need to check.

Yes working puzzles can be entertaining.

[Don_xyZ]

I'm checking my chart and apparently Bitcoin and the gang fell so hard. That's a lot of wealth wiped out. I pity those who came in late especially the old ones.