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
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 ----
Last edited by kniter; 01-20-2009 at 12:33.
is it good in live
Originally Posted by assassin
i advise you, never use an EA in your live account
Originally Posted by q8m2002
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
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.
[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
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
in enclosure the modification of 21hour - MQL4 Code Base ea which now follows the BZ rules.
Candle colors repaint while candle forms.
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
Originally Posted by dryclean
"(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.
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