Forums Trading Systems Discussion Nature of Markets – Power of Probability, Compounding & 1pip

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  • #7719
    gg53
    Participant

      I think the problem here is that most of us don’t know GG’s stuff from FF and the thread is a little daunting now with how big it is and somewhat complicated. I can understand GG not wanting to have to repeat a lot of what he taught years ago on FF but a small synopsis would have been beneficial. Remarks like “You already have the (old) tools to use it in the (dead) “Killing Zone” thread @FF.” are more cryptic and frustrating than anything.

      Try google “Killing Zone gg53″…

      @FF = ForexFactory site

      “Killing Zone” = Thread name @FF

      (old) = there are more updated versions

      (dead) = Thread removed, went into FF recycle bin

       

      Is “cryptic” solved now?

      BTW: Don’t go there – it’s much longer than this thread…

       

      G.

       

      #7720
      pipatronic
      Participant

        I have the whole of the FF thread in PDF format, I did try to upload it onto Penguin sometime ago but I think that the file size was too big, might try again sometime in the future in small chunks, I did wonder about starting a new thread here to follow on from G’s work on the FF site – great stuff and a credit to him.

        Pip

        skype : pipatronic

        #7721
        gg53
        Participant

          I have the whole of the FF thread in PDF format, I did try to upload it onto Penguin sometime ago but I think that the file size was too big, might try again sometime in the future in small chunks, I did wonder about starting a new thread here to follow on from G’s work on the FF site – great stuff and a credit to him. Pip

          If you do, and there will be enough interested parties, I’ll gladly contribute, expand and go beyond what is already published.

          Due to past experience and “deja vu” feelings, I won’t participate in any other thread on this site.

           

          G.

          #7722
          BalrogTrader
          Participant

            If you do, and there will be enough interested parties, I’ll gladly contribute, expand and go beyond what is already published. Due to past experience and “deja vu” feelings, I won’t participate in any other thread on this site. G.

            I personally spent one full week reading this thread (i.e. Killing Zone at FF) from start till the end. I know Edington did too. I have gathered some “important” entries as a separate file, as a brief for myself. I may provide it but I suggest everyone to spare some time and read the whole thread. There one may appreciate Volume indicators and their predictive nature -which is very useful here in 1 pip approach-.

            I just wish I had more time -like I had few months ago- to initiate a new wave of Killing Zone or some sort of a derivative of it here in Penguin. Unfortunately I don’t…

            Best regards.

            • This reply was modified 10 years, 9 months ago by BalrogTrader.
            • This reply was modified 10 years, 9 months ago by BalrogTrader.

            Nothing has ever motivated me more than this...

            #7726
            Edington
            Participant

              Nev, whats with the aggression?

              GG53 has shared a lot of his work/ideas/thoughts and code with the rest of the community here and on FF. He is one of the great minds here. It is his right to share or not to share his code. End of story. I think sir, you are out of line.

              That being said, gentlemen, lets not make this site alike FF, filled with squabbles, insults, personal attacks etc. I think the idea of Penguin was to move away from the drama and bs.

              ” The site aims to create an environment that welcomes you to collaborate and to work with others in order to build profitable trading systems and indicators. Over the years that I have been developing for Forex, I came to realize how difficult it is to build things on my own. I wished that there were like-minded people and friends that I could work together to come up with ideas and to build complex systems”

              So, I hope now we can all get back to this while treating each other in a respectful manner.

              Best,

              Michael E

              #7731
              pipatronic
              Participant

                A continuation/extention of G’s FF work should include an implemented set of rules/code of conduct, a 2 hour webinar every 2 months, a youtube video every month showing new ideas/questions/answers – video can “say/explain” so much (G does have some super youtube videos though not in English) and a back library of the FF work.

                Pip

                skype : pipatronic

                #7733
                nev
                Participant

                  No aggression from me.

                  I would prefer it if we just stayed on topic and moved the discussions of other techniques and the results from the other techniques to their own thread.

                  Why clog up a really good thread with legacy ideas when saver0 is doing everything in his power to get us thinking about a single concept.

                  Also posting pip and $ results without supplying explicit instructions on how we readers are supposed to verify that the techniques are globally achievable and not just by a traders discretion have no merit other than to inflate an ego or distract from the topic.

                  For a forum thread to have any meaningful life we should all be trading saver0 techniques with his indicators and methods. Helping each other to work out how to implement them and maximize the results.

                  Otherwise lets just have a thread called Chat and we’ll all just throw up a chart and results and let everyone guess as to how we got there.

                   

                   

                   

                  3 pip targets

                  #7743
                  smallcat
                  Participant

                    EA passed today’s chaos with quite distinguished remarks. Remember that the key point of this EA is where NOT to trade – avoid extremes. G.

                    Great result G . 0% DD is very nice  :good:    Thanks

                    #7744
                    gg53
                    Participant

                      No aggression from me. I would prefer it if we just stayed on topic and moved the discussions of other techniques and the results from the other techniques to their own thread. Why clog up a really good thread with legacy ideas when saver0 is doing everything in his power to get us thinking about a single concept. Also posting pip and $ results without supplying explicit instructions on how we readers are supposed to verify that the techniques are globally achievable and not just by a traders discretion have no merit other than to inflate an ego or distract from the topic. For a forum thread to have any meaningful life we should all be trading saver0 techniques with his indicators and methods. Helping each other to work out how to implement them and maximize the results. Otherwise lets just have a thread called Chat and we’ll all just throw up a chart and results and let everyone guess as to how we got there.

                      nev,

                      This IS a 1 pip compounding method, with my indies which are not “legacy”. It’s an auto EA and not “traders discretion”.

                      Ability to read & understand at the same time seems like a rare quality…

                       

                      The building blocks are the same as in “Killing Zone”:

                      When NOT to trade (consolidation, extremes, etc.)

                      WHAT to trade (selecting the most probable pair to yield quickly that small profit and not using same pair all the time)

                      WHEN to trade (exact entry timing)

                       

                      Don’t ike it? want to use different concepts or indies? please do and show results. Good luck & green pips.

                       

                      G.

                      #7748
                      pipatronic
                      Participant

                        For anyone prepared to spend the time and use G’s indies and methods I can tell you that they would not be wasting their time, you have to persevere and practice, his indis provide practical information which can be used to trade with, be prepared to dedicate 6 months to it and stick to it, it will also give you a greater understanding of the markets as you gain knowledge along the way and great for the 1 pip thread !!!!

                        I will be prepared to put some effort into a dedicated forum/thread to take this further, unfortunately this would not be until well into next year due to current commitments as it is not a light undertaking.

                        SaverO has and is doing a fabulous job – lets no forget that he has put this site together  – lets not abuse his hospitality

                        There are so many opportunities here for everyone

                        G’s is absolutely right when he says “Ability to read & understand at the same time seems like a rare quality…”

                        Right – lets all press on with new ideas :yahoo:

                         

                        Pip

                        skype : pipatronic

                        #7757
                        e3
                        Participant

                          ForexGT_Spaghetti & ForexGT_TickVolume are made by me and are not for share. You can find similiar, older versions, in the (late) “Killing Zone” thread @FF – Gadi_Currencies & Gadi_TickVolume.

                          G, I very familiar with the KZ thread at FF, having spent alot of time reading the thread over and over.  I’ve made good use of the tools particularly with a scalping strategy.  The problem I’m having is the indicators have become dated and don’t function entirely proper with newer MT4 updates.  Take tickvolume as an example.

                          http://screencast.com/t/Ogiqev9M

                          So yes the tools to develop a profitable system are available in the KZ thread, but we are at a loss to tweak the tools to function properly without access to the code.

                          Here is a full screenshot, hopefully you guys can see value in the setup

                          http://screencast.com/t/VJ5UmtIN

                          Edited to add a nice AJ short against the trend at the Daily Open

                          http://screencast.com/t/AzgzKnPs

                           

                           

                           

                           

                           

                           

                           

                           

                           

                          • This reply was modified 10 years, 9 months ago by e3.
                          #7759
                          gg53
                          Participant

                            Latest EA results – 96.1% win rate, 0.07% DD, Live trading, real acct:

                            24% account increase, 1 Month, 77 trades.

                            3 pips trailing, Major pairs only, exit if not in profit within 4 bars.

                            Where NOT to trade:

                            1. Consolidation: Gadi_OBV (or more advanced version or similiar)

                            2. Extremes: Daily High/Low – (3x Trailing)

                            3.

                            What to trade:

                            1. Strong vs. Weak – Gadi_Currencies (or more advanced version)

                            2. Currency above 0 and going up vs. currency below 0 and going down (for LONG)

                            3. The above is supported also by LOWER TF

                            When to trade (entry):

                            1. Tick_Volume (Gadi_TickVolume or more advanced version)

                            2. Total Volume per bar (Gadi NormalizedVolume or more advanced version) is equal or above SESSION average

                            3. ADX (or variation of it) between >20 <36

                             

                            G.

                             

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                            #7762
                            nev
                            Participant

                              I have subscribed  to this Youtube channel. Just need to watch it a few more times to get an idea of what might be happening

                              3 pip targets

                              #7764
                              gg53
                              Participant

                                I have subscribed to this Youtube channel. Just need to watch it a few more times to get an idea of what might be happening

                                Yeah, that’s me and my voice (trades) some years ago… in Hebrew…

                                Indies have changed and improved since – but the concepts remains the same.

                                The only predictive indies in Forex are based on Currency-Strength and Volume (Ticks) and their derivatives.

                                 

                                G.

                                #7765
                                scissors
                                Participant

                                  Thanks Saver, GG and all for the work done here, I truely appreciate it. Coming from the era of TZ is not easy, so I hope we can still learn more stuffs from each other.

                                  By the way, I have finally step into KZ thread in FF and read up to 10 pages. Till that point is good enough to make a judgement call whether to continue or not. The answer is yes.

                                  I hope some point of time, a KZ related thread will be started for us to learn again.  Green pips to all.

                                  #7770
                                  gg53
                                  Participant

                                    Another week passed (I won’t be near my PC tomorrow to report)  and the results are still consistent (real, live account):

                                    Profit trades: 96.43%, DD: 0.07%

                                    4 currency-pairs, starting from 28 July, 2015 = 30.1% account increase

                                    After analysis of the 3 “loosing” trades I found out that they are all winning trades, but the increased spread killed the profit. I’ll fix that in coming version.

                                     

                                    G.

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                                    #7816
                                    gg53
                                    Participant

                                      Auto EA (one pip compounding strategy) on Real live acount (from 28 July, 2015), on 4 currency pairs.

                                      All “loss” trades (5) are actualy in pips profit, but lost due to swap (rollover).

                                      98 trades, avg. 2.9 trades/day.

                                      94.9% winning trades, 1.15% DD.

                                      Account opened with $275 . Current equity $388.35 .

                                      Total 41.2% profit in 34 trading days.

                                       

                                      G.

                                       

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                                      #7821
                                      pipatronic
                                      Participant

                                        Interesting about your “lost trades” as I was reading this which was posted today – attached – just interesting, on a side note I usually keep an eye on option expires for the day

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                                        skype : pipatronic

                                        #7823
                                        gg53
                                        Participant

                                          Interesting about your “lost trades” as I was reading this which was posted today – attached – just interesting, on a side note I usually keep an eye on option expires for the day

                                          Thanx, but that’s not the problem with my “loss” trades.

                                          The problem is the overnight interest (swap or rollover) extra charge when you keep an open position overnight.

                                          It’s the interest rate difference between the commodity/money charged by the broker on a daily basis. It’s called “Swap” in MT4 terms, and shown on the terminal panel.

                                           

                                          G.

                                          #7825
                                          Skyline
                                          Participant

                                            Hi GG53,

                                            I’m reading/studying your old thread “Killing Zone” at FF (actually half-way to the end), very interesting stuff about volume which is mostly understimated among forex trader.

                                            I’d like also to realize an EA for 1-pip quest based on your work so to expand then to a complete EA as the one you were using in Killing Zone thread (are you still using it ?), then I will share here for all to test.

                                            Here some questions to help me better understand the underlying logic (I’m able to code it just I need to understand all various piece of logic behind it) :

                                            Which timeframe are you using ?

                                            Is there lower timeframe you check as a further condition for opening trade ?

                                            Since it’s an 1-pip EA i guess TP is set to 1 pip (plus spread), what’s about SL ? Did you set it or simply leave unset to 0 ?

                                            More questions to come as I’ll start to collect informations/start coding, I hope you don’t mind to give me some guidance in future :-)

                                            Cheers,

                                            Skyline

                                            • This reply was modified 10 years, 9 months ago by Skyline.
                                            #7827
                                            gg53
                                            Participant

                                              Hi GG53, I’m reading/studying your old thread “Killing Zone” at FF (actually half-way to the end), very interesting stuff about volume which is mostly understimated among forex trader. I’d like also to realize an EA for 1-pip quest based on your work so to expand then to a complete EA as the one you were using in Killing Zone thread (are you still using it ?), then I will share here for all to test. Here some questions to help me better understand the underlying logic (I’m able to code it just I need to understand all various piece of logic behind it) : Which timeframe are you using ? Is there lower timeframe you check as a further condition for opening trade ? Since it’s an 1-pip EA i guess TP is set to 1 pip (plus spread), what’s about SL ? Did you set it or simply leave unset to 0 ? More questions to come as I’ll start to collect informations/start coding, I hope you don’t mind to give me some guidance in future :-) Cheers, Skyline

                                              1. There is no EA that was made by me in FF, nor one that I endorsed there.

                                              2. The EA that I’m using here for the “1 pip compounding…” has 3 pips TrailingStop (in order to cater for spread, and maybe catch more pips…).

                                              3. That EA is opening trades based on M5 TF. M1 should confirm same direction in both Currency-Strength and Volume.

                                              4. SL is set by my ForexGT_Activity indicator. You can use my Gadi_OBV (older version) to determine latest swing points. SL is internal and hidden from the broker.

                                              5. Remember to avoid extremes – most important point in this EA!!

                                              6. NEVER enter @market – let the market come to you (i.e use BuyStop or BuyLimit – pending orders).

                                              Fly high, Skyline – and green pips.

                                               

                                              G.

                                              #7830
                                              Skyline
                                              Participant

                                                Hi G,

                                                thank you for your prompt reply.

                                                1. I was talking about EA you were using privately for you and some friend that is based on KZ concept (thougt not shared in FF), you wrote about in that thread you.

                                                After all these years are you still using it ? Or you moved to something else ? Just curiosity… :)

                                                2. Ok I’ll implement this

                                                3. Perfect

                                                4. I’m actually not aware about your ForexGT_Activity indicator, did you share it somewhere or talk about it ?

                                                In my template derived from your old thread I have right now Gadi_OBV v2.2 , I don’t know if it’s enough to determine latest swing point. So aren’t you using anymore PSAR as initial SL ? (I have yet to understand how Gadi_OBV could be used to place SL).

                                                5. What do you use to avoid extremes ? Gladi_Currencies or something else ? Any idea would be appreciated ? ;)

                                                6. ok , will do that

                                                 

                                                Thank you for your help.

                                                Cheers,

                                                Skyline

                                                 

                                                #7842
                                                gg53
                                                Participant

                                                  Hi G, thank you for your prompt reply. 1. I was talking about EA you were using privately for you and some friend that is based on KZ concept (thougt not shared in FF), you wrote about in that thread you. After all these years are you still using it ? Or you moved to something else ? Just curiosity… :) 2. Ok I’ll implement this 3. Perfect 4. I’m actually not aware about your ForexGT_Activity indicator, did you share it somewhere or talk about it ? In my template derived from your old thread I have right now Gadi_OBV v2.2 , I don’t know if it’s enough to determine latest swing point. So aren’t you using anymore PSAR as initial SL ? (I have yet to understand how Gadi_OBV could be used to place SL). 5. What do you use to avoid extremes ? Gladi_Currencies or something else ? Any idea would be appreciated ? ;) 6. ok , will do that Thank you for your help. Cheers, Skyline

                                                  1. Still using that EA concept, with improved underlying indies.

                                                  .

                                                  .

                                                  4. ForexGT_Activity is an advanced version and not shared. Use Gadi_OBV and look for Peak/Trough. That’s where the wealthy man or “Elephant” going to drink or pee…

                                                  5. Extremes can be DailyHigh, SupDem, Gadi_OBV Peak/Trough, etc. Avoid those areas for this strategy by at least 4xTrailingStop or TP.

                                                  6. Limit Entries should preferably be hidden from the broker.

                                                   

                                                  G.

                                                   

                                                  #7844
                                                  Skyline
                                                  Participant

                                                    Ok thx again GG53 :good:

                                                    Have a nice weekend ;)

                                                    Skyline

                                                    #7856
                                                    gg53
                                                    Participant

                                                      We passed the 100 trades and closed the week…

                                                      Auto EA (one pip compounding strategy) on Real live acount (from 28 July, 2015), on 4 currency pairs.

                                                      All “loss” trades (5) are actualy in pips profit, but lost due to swap (rollover).

                                                      104 trades, avg. 2.7 trades/day.

                                                      95.19% winning trades, 1.15% DD.

                                                      Account opened with $275 . Current equity $393.56.

                                                      Total 43.1% profit in 38 trading days.

                                                       

                                                      G.

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