TRO BUY ZONE - KEEP IT SIMPLE

[LeMercenaire]

TRO BUY ZONE - KEEP IT SIMPLE

Guys are you explaining here to do the session on MT4 ?

please advise

Yes, mt4.

[venz]

Can anyone help. Can not get the Buy Zone plot on chart. All I get on the chart is the Fib.

[LeMercenaire]

Make sure you haven't got black lines on a black chart.

[TheRumpledOne]

Can anyone help. Can not get the Buy Zone plot on chart. All I get on the chart is the Fib.

What indicator are you using?

Let's see the chart so we can see what you are seeing!!

[maplegum]

Anyone still trading the BuyZone? If so, please share which pairs you've been using and which open you trade from (Sydney/London/NY etc). Be good to see who's still around and carry this thread on. I am currently looking at trading GU/EU from the London session (potentially Sydney but have seen the spreads go wild like 20/30 pips). Here is one trade I took yesterday, spread was still a bit high (3pips instead of 0.1) for EU at 11pm GMT (Sydney for me opens at 10pm) so looks like I got in late, but took it for 7 pips which I was happy with.

[TheRumpledOne]

I trade the GBPUSD using the daily open of the daily (D1) candle. That's where the statistics are derived.

[maplegum]

Thanks TRO for reply! What time does your daily candle start? Do you have to wait for Sydney spread to lessen too?

[TheRumpledOne]

TRO_001.png (86.36 KiB) Viewed 96634 times

It starts at 00:00
Look at upper left hand corner.

Yes, wait for spread to come back to normal.

[maplegum]

NZDUSDH1.png

Hi TRO,
I have a few questions about money management for the buy zone.
In an example like this one quoted, if one used stops at the opposite end of the zone (20pips), would you have had 4 stop outs in a row before a win ?
In one video you mentioned using 10pip BuyZone means you can target the daily range of the pair so thinking this means the Take Profit can be the average range of day - zone. lets say range is 100, then target could be 100 - 80 = 60pips.
Is this right ?
Thanks TRO. Been watching all the vids on buy zone and read through this thread 2 times now.
I've looked back and visually backtested 10pip stop loss and 10pip take profit on GPBUSD and got 65% win rate and average return per trade (using your money management spreadsheet) of 2.3pips. Is this ok? Using stops of only 10pips where the open is instead. Which do you recommend?

[TheRumpledOne]

I would wait until the London session to trade. Volatility is usually low in the Asian session. So in your example, you would not have taken the first 4 trades.

Also, did you run a frequency distribution for NZDUSD? I doubt the triggers would be at +/- 8 to 10 pips!!

TRO_003.png (84.41 KiB) Viewed 94204 times

Using the chart above, where should you have the buyzone triggers set for NZDUSD?