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Thread: BuyZone

  1. #1
    Junior Member dryclean's Avatar
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    Default BuyZone

    The long zone is the Open Price + .0003 and +.0004.

    The short zone is the Open Price - .0003 and -.0004.

    For the USDJPY use .03/.04 instead.

    (Go Long)Open a buy stop limit on green (bull) candle in the long zone and (go Short) Sell stop limit on red (bear) candle in short zone.

    Reset the Buy Zone at the start of each hour.


    SL is 5 to 7 pips.

    TP 5-6 pips or close part of position and let the rest go for what ever you can get before it goes against you.

    Indicator attached. THIS IS THE ONLY INDICATOR YOU NEED TO TRADE THE BUY ZONE!

    the amazing ea almost does it but I have to go in and change every hour

    I'd like the ea to look at the open price each hour and add or minus the 3 pips
    and place the limit orders with adjustable SL TP even the 3 pip spread
    I've attached some scripts I 've used too if it helps
    Attached Images Attached Images BuyZone-untitled-gif 
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  2. #2
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    Default

    here you go a very simple version. check it out.
    all strategies of Tro are looking very good but need a lot of the discretion.


    ---- remark EA is not placing the orders as it should, I have to change it ----
    Attached Files Attached Files
    Last edited by kniter; 01-20-2009 at 13:33.

  3. #3

    Default

    need some opt. or filter
    Attached Images Attached Images BuyZone-testergraph-jpg 

  4. #4

    Default is

    Quote Originally Posted by assassin View Post
    need some opt. or filter
    is it good in live

  5. #5

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    Quote Originally Posted by q8m2002 View Post
    is it good in live
    i advise you, never use an EA in your live account

  6. #6
    Junior Member dryclean's Avatar
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    Thanks . . . I'll try it out
    One thing . . . does it close out the opposite trade that it opens
    ex. If it opens a buy does it delete the sell and visa versa
    also will it open trades at the top of the hour cause the first ones I had

    opened at the buy was 20:22the sell was 20:39

    It should have opend a short at the onen of the hour candle at 1.2883 and it should have closed for a profit of 7 pips on the next candle

    The candle opened at 1.2889 so the buy is correct at 12893 open+4
    the sell is wrong it should be open -4 or 1.2885

    the s/l and t/p were right I dont see in the code (not that I'm a coder)
    were it is wrong. It should have put in a sell limit and buy limit for 21:00 hrs and it didn't

    Thanks
    Dave
    Attached Images Attached Images BuyZone-untitled-gif 

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    no it does not open any pending orders, just check the condition breach of the channel +-40. one order at a time.
    I will modify the ea at the weekend.

  8. #8
    Junior Member dryclean's Avatar
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    Default

    [QUOTE=kniter;4060]no it does not open any pending orders, just check the condition breach of the channel +-40. one order at a time.
    I will modify the ea at the weekend.[/QUOT

    Thanks
    Please also address

    The ea should place an order on the hour every hour

    It should have opend a sell short limit at the open of the hour candle at OPEN PRICE - 4 and open a buy sell limit OPEN PRICE+4 at the same time

    the s/l and t/p seam right but until the above is working can't confirm

    Thaniks

  9. #9
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    in enclosure the modification of 21hour - MQL4 Code Base ea which now follows the BZ rules.
    Attached Files Attached Files

  10. #10
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    Default Candle colors repaint while candle forms.

    Quote Originally Posted by dryclean View Post
    The long zone is the Open Price + .0003 and +.0004.

    The short zone is the Open Price - .0003 and -.0004.

    For the USDJPY use .03/.04 instead.

    (Go Long)Open a buy stop limit on green (bull) candle in the long zone and (go Short) Sell stop limit on red (bear) candle in short zone.

    Reset the Buy Zone at the start of each hour.


    SL is 5 to 7 pips.

    TP 5-6 pips or close part of position and let the rest go for what ever you can get before it goes against you.

    Indicator attached. THIS IS THE ONLY INDICATOR YOU NEED TO TRADE THE BUY ZONE!

    the amazing ea almost does it but I have to go in and change every hour

    I'd like the ea to look at the open price each hour and add or minus the 3 pips
    and place the limit orders with adjustable SL TP even the 3 pip spread
    I've attached some scripts I 've used too if it helps
    I have been trying to understand how TRO's BZ system works. Since you seem to use it, perhaps you can explain. One is supposed to

    "(Go Long)Open a buy stop limit on green (bull) candle in the long zone and (go Short) Sell stop limit on red (bear) candle in short zone. "

    How do you know the candle color before it completes? It will often repaint from open to close.
    The charts look awfully good in retrospect, but how do they look in real time?

    Perhaps you take any trade that crosses the buyzone ? That would not follow the rules, or perhaps I just don't understand the rules.

    Thanks

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add, candle, change, channel, check it out, color, experts, limit, live, live account, mql, pips, profit, real, repaint, scripts, simple, stop, strategies, system, time

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