TRO BUY ZONE - KEEP IT SIMPLE

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Manwalker
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Postby Manwalker » Thu Nov 13, 2008 1:51 pm

It is nothing against you but I think you show here somethink without the last goal to make it profitabel. The most people wich trie your strategies have all the same problem that the Stoploss is either to small and they loos fast or it is to big and they loos slow. Thats my thinking, I dont say that trading grid lines as signals is not good but there are many more thinks one need to make profit, more rules are needed. What to make if the price goes directly against you when you open a Order, that is the problem I think, more filters are needed, but ok it is better then nothing maybe your strategie tipps here also, but always so much people in the internet make other crazy because they all speak from they super strategie but in the end they dont talk about the filters to make it really profitabel if possible.

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Mo
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Postby Mo » Fri Nov 14, 2008 1:32 am

Manwalker,
I agree with koolbreeze, TRO is the MAN!!! :)

Step back, read the other threads too, open a demo account and play with it... there are other indicators that you might like better.... I've been using a demo account and I can see the $$$, next week will be doing it will real $$ ....

winny
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Postby winny » Thu Nov 20, 2008 10:16 pm

Manwalker,

Its not completely clear to me what you are trying to tell,
but I would like to comment,
I just visited this board a few months ago. I had a look into this
buyzone strategy with the intention to use it for trading the forex market.
From the first day that I used it, I was already making money.
You are right that there are times that you get whipsawed all over.
But most of the time this setup simply is highly profitable.
And indeed my average is more then 70% winning trades.
It works excellent for me, both on forex and of course futures.

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RicG
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Postby RicG » Thu Nov 20, 2008 11:04 pm

Hi Winny,

That 70% number is impressive. On forex, what do you use as a stop loss and profit target?

Thanks,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

smartquant
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Postby smartquant » Tue Dec 23, 2008 9:50 pm

Hi TRO,

I just wanted to say thanks for the TRO BUY ZONE indicator for TradeStation.

I've just loaded it and plan to use it to trade starting with the Emini S&P.

Keep up the great work.

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 24, 2008 12:46 am

You need to run the stats for the emini.

Look at Buy Zone emini threads.
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.

smartquant
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Postby smartquant » Wed Dec 24, 2008 1:05 am

I appreciate your input, TRO.

I'll search the forum for "Buy Zone emini" threads.

Thanks again.

smartquant
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Postby smartquant » Sat Dec 27, 2008 5:47 pm

I've taken a look around for emini threads and will continue to search.

I'm interested in finding out how to run the statistics.

I've been looking at different buy zones for a few days and decided to take the plunge yesterday.

I made 2 trades in the ES and ended up netting 2 full points for the day.

I look forward to seeing what the next trading day will bring.

Thanks again for making this available.

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 02, 2009 12:49 am

You have to run the stats for what you are trading...

I don't know if 2 is too big or not.

From the chart, the BUY ZONE looks profitable.
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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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 02, 2009 3:07 am

NO.

By stats, I mean you have to find the sweetspot... if price moves X in one direction then chances are it will move Y in the same direction.

If AAPL moves 0.10 from the open chances are it will 0.50 in the same direction.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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