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TheRumpledOne;That's not a very nice thing to say.
I posted the buy zone chart indicator. It is FREE. Traders do not need the BUY ZONE FOR DUMMIES VERSION to make money. I uploaded it again on this post.
Different guises? Did they run statistics on the currencies? Trading is simple and the Buy Zone is the proof.
The Buy Zone isn't really an indicator. It is just HORIZONTAL LINES placed 3 and 4 pips away from the open of the H1 candle. That's all it is. Simple. Price must range. USDJPY has an average hourly range of 24 pips over the last 960 bars. The Buy Zone is 8 pips wide. Price must leave the zone. It is that simple. So the Buy Zone doesn't tell you what happened, it tells you what will happen - the price is going to leave the Buy Zone!
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TheRumpledOne: hello!
Well said!
No one can change these pessimistic mentalities.
Your indicators are indeed very valuable to many of us here.
keep it up good work!
With regards,
rswamy4449
But this doesn't mean the price will go up...the historical range can still be completed with it going down can't it? Also an average is just an average and history is just history...is anybody making any money with this indicator?
ES
Price must leave the zone. It is that simple. So the Buy Zone doesn't tell you what happened, it tells you what will happen - the price is going to leave the Buy Zone!
But this doesn't mean the price will go up...the historical range can still be completed with it going down can't it? Also an average is just an average and history is just history...is anybody making any money with this indicator?
ES
Price must leave the zone. It is that simple. So the Buy Zone doesn't tell you what happened, it tells you what will happen - the price is going to leave the Buy Zone!
We make money every hour we trade with the Buy Zone. Doesn't matter if price goes up or down. Up we go long, down we sell short... IT IS THAT SIMPLE.
The average is updated in real time. All we need is 6 pips out of 24. Sometimes we get more, sometimes we may bail for less. The Buy Zone usually wins 8 or 9 times out of 10.
Do you know what happens when you compound your money by 4% an hour?
THE BUY ZONE IS TOO SIMPLE FOR MOST TRADERS TO UNDERSTAND.
POST MODIFIED TO COMPLY WITH ADMIN
Last edited by TheRumpledOne; 01-13-2008 at 05:31 PM.
I have had my Chat | Chat Rooms | Paltalk chatroom, the TWO PERCENT CLUB, for years!! Come on in and hear the trades called live all day long.
We are in there trading everyday.
Michal Kreslik is my friend and built that forum so I could have a place to post freely without having to worry about the FORUM POLICE. This is NOT a competition or EGO contest.
My indicators have been posted. Haven't you seen them? There's only a few that are sent out as THANK YOU's. I only coded the BUY ZONE FOR DUMMIES MT4 version this week. The original Buy Zone has been in the PUBLIC DOMAIN for years for TradeStation and eSignal users. Remember this is only week 5 of my MT4 coding and I posted the MT4 Buy Zone weeks ago.
What exactly are you wanting to accomplish?
Last edited by TheRumpledOne; 01-12-2008 at 05:10 AM.
I lke the "putting it on automatic option" thus far...my ego is just too large to tolerate anything else...
Automation does NOT imply UNATTENDED!
You really don't have to automate the Buy Zone.
You can place STOP LIMIT orders 4 pips on either side of the Buy Zone. When one triggers, you cancel the other then you place a TP limit and a SL Stop limit and sit back and wait.
But if you automate the process, you better have someone watching because...
The power could go out
The ISP could drop a connection
Your computer could freeze up
Your broker's network could go down
Now, of course, if you want to trade multiple pairs, then you may want to automate. But someone still needs to watch!
Linear Mode
