You know all those traders on the TS forum ( who never share code ) imply the Buy Zone isn't any good because I never provided backtest to prove it to them. They imply since it's not a strategy it has no merit.
Meanwhile, tjmxxx just makes money using the Buy Zone in real time trading with real money... go figure!!
"Could have been much more, but I guess I still don't have my mind right and take profits in even numbers-----LOL. I need work on this!" THAT'S GREED TALKING, tjmxxx - BE CAREFUL!!
TRO BUY ZONE - KEEP IT SIMPLE
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- TheRumpledOne
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- TheRumpledOne
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SMAA BUY ZONE ENHANCEMENT
I used TRO PLOT to plot the weekly open ( openw(0) ) and I modified SMAA BuyZone to have an iOpen input in the radarscreen.
Notice you can trade the weekly open buyzone all week long. For those who are longer term traders, this is a trade to consider.
Notice how the previous week's open ( white dots ) acted like resistance for the current week!!
ELD attached.
I used TRO PLOT to plot the weekly open ( openw(0) ) and I modified SMAA BuyZone to have an iOpen input in the radarscreen.
Notice you can trade the weekly open buyzone all week long. For those who are longer term traders, this is a trade to consider.
Notice how the previous week's open ( white dots ) acted like resistance for the current week!!
ELD attached.
- Attachments
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- SMAA_BUYZONE.ELD
- (5.82 KiB) Downloaded 722 times
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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Buy Zone disappearing off chart
TRO,
Do you know what could be causing the _TRO_BuyZone to be dissappearing from the chart? It appears briefly when I click on a new symbol but then suddenly goes away.
thanks,
Mark
Do you know what could be causing the _TRO_BuyZone to be dissappearing from the chart? It appears briefly when I click on a new symbol but then suddenly goes away.
thanks,
Mark
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Trade Zone setup check
I've been reading through the thread and trying to understand but I'm having alot of trouble setting up the AUD and I'm not sure if I'm doing something wrong with my numbers. Can somone check my set up for me pse.
I'm getting how the setup works candle green, in the tradezone, go long above open etc, it's just as I swap between currencies and change the set up numbers. EUR 0.0003/.0004 JPY 0.3/0.4 etc. I guess because I've not seen this before I'm not sure what it's supposed to look like. But the AUD does not seem correct so any help appreciated.
I'm getting how the setup works candle green, in the tradezone, go long above open etc, it's just as I swap between currencies and change the set up numbers. EUR 0.0003/.0004 JPY 0.3/0.4 etc. I guess because I've not seen this before I'm not sure what it's supposed to look like. But the AUD does not seem correct so any help appreciated.
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- Tradezone.png (152.26 KiB) Viewed 12532 times
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- Tradezone settings1.png (13.45 KiB) Viewed 12532 times
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TheRumpledOne wrote:I used statistics to determine the zones.
Yes, the whole herd uses the same zone.
Hi Avery,
Do you pull data into Excel or something? Or is TS adequate. I guess you are looking for numbers that historically if they break go for at least X points a high percentage (Y) of times? just interested in learning a bit more about the process used to come up with numbers? I'd like to have a crack applying the concept to other instruments (DAX is appealing)
Thanks
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