BONZ. Using technical indicators to trade.

[Don_xyZ]

There is really no need to introduce MA and the way to trade it is very simple. We'll see how to push this idea to the max.

Not selling anything. Just trying to share some (possibly) good trading ideas

So, chart

Put 2 layers of MA.
Buy if price goes above upper layer,
Sell if it's below.
If it's in the middle, don't trade. That's the No Zone. Thus the name, Break Or "No!" Zone - BONZ.

Screenshot_20220517-214544.png (155.07 KiB) Viewed 25940 times

I designed an EA using similar idea and it passed FTMO challenge 2x after 8 attempts and modifications. We're talking about 18 months ago give or take.



Links to all important posts in this thread:

BEFORE YOU START TRADING...
post162798#p162798
post163190?sid=583d367e5bd30bb3513c83ccc5b3e88d#p163190

How to use Moving Average indicator
post151831#p151831 - BONZ
post151833#p151833 - BONZ
post151895#p151895
post154129#p154129 - BONZ Simplified (1 MA only)
post155447?sid=c301d79de681b7c51569e26156212ed4#p155447
post155712#p155712
post159541#p159541 - BONZ 2023
post159793#p159793 - BONZ 2023
post159847#p159847
post159854#p159854
post163194#p163194 - WIL on BONZ

How to use Stochastics indicator
post154144#p154144
post154862?sid=8c18b975f34bc840a8aa2f46bdcb32ba#p154862
post155712#p155712

How to use Ichimoku Kinkyo Hyo indicator
post159264#p159264
post159378#p159378
post159404#p159404 - Frichi
post159451#p159451
post159460#p159460
post159514#p159514

How to use Bollinger Band indicator
post155461#p155461
post161969#p161969
post162012#p162012
post162016#p162016
post162025#p162025
post162078#p162078 - Fringer
post169835#p169835 added Jan. 04, 2024 (% results shown)
post169847#p169847 added Jan. 04, 2024 (% results shown)
post169856#p169856 added Jan. 04, 2024 (% results shown)
post169978#p169978 added Jan. 04, 2024 (% results shown)
post169979#p169979 added Jan. 04, 2024 (% results shown)


The indicators

Boxes and Lines v1.00j.ex4

(69.96 KiB) Downloaded 864 times

Boxes and Lines v1.00j.mq4

(85.59 KiB) Downloaded 881 times

CustomCandles - any tmf.ex4

(20.88 KiB) Downloaded 874 times

CustomCandles - any tmf.mq4

(8.69 KiB) Downloaded 881 times

MarketSessions 1 session.ex4

(14.09 KiB) Downloaded 852 times

MarketSessions 1 session.mq4

(2.91 KiB) Downloaded 875 times

Inside_Bar BT.mq4

(19.89 KiB) Downloaded 840 times

Inside_Bar BT.ex4

(21.79 KiB) Downloaded 825 times

var-moving-average.mq4

(4.11 KiB) Downloaded 838 times

var-moving-average.ex4

(13.91 KiB) Downloaded 849 times

var-moving-average modified.mq4

(6.64 KiB) Downloaded 841 times

(modified to work as a dotted line chart coz I'm just too lazy lolz)

var-moving-average modified.ex4

(11.56 KiB) Downloaded 830 times

(modified to work as a dotted line chart coz I'm just too lazy lolz)

SweetSpotsGOLD_TRO_MODIFIED_VERSION.mq4

(5.95 KiB) Downloaded 835 times

(TRO put this indicator in his MotherLode but I forgot where so to ease finding it I'll just put it here for those looking for it)

SweetSpotsGOLD_TRO_MODIFIED_VERSION.ex4

(18.67 KiB) Downloaded 827 times

MarketSessions 2 session.mq4

(3.16 KiB) Downloaded 851 times

MarketSessions 2 session.ex4

(16 KiB) Downloaded 809 times

custom candles - any time frame 2.1.mq4

(9.58 KiB) Downloaded 822 times

(this is the better version compared to the one from before because this version has a drop down list of the time frame so you only need to choose. It even offers other tf such as 2 minutes, 3 minutes, 6 hours, 8 hours and a lot more).

custom candles - any time frame 2.1.ex4

(22.65 KiB) Downloaded 782 times

daily-open ORIGINAL.mq4

(5.34 KiB) Downloaded 804 times

daily-open ORIGINAL.ex4

(9.03 KiB) Downloaded 795 times

CustomCandle.mq4

(8.48 KiB) Downloaded 785 times

better version of custom candle indicator

CustomCandle.ex4

(27.46 KiB) Downloaded 800 times

MarketSessions 2 session BG.mq4

(3.21 KiB) Downloaded 733 times

Bollinger - Band (mtf + candles + alerts + arrows) MOD.mq4

(34.96 KiB) Downloaded 789 times

Shifted MTF BB.

Anchored.png (7.14 KiB) Viewed 24205 times

Gonna update the links regularly.

[Don_xyZ]

The layer should be the high and low point, don't use close. Use the same look back period for both.

Use 2 tf, one for bias, smaller one is for entry. Only take entry according to bias. If bias is bearish then only seek sell entries vice versa. Only trade during Euro or U.S. session if your entry uses anything less than H1.

[Don_xyZ]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

Blue is line chart.

[aliassmith]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

[Don_xyZ]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

[Don_xyZ]

I got like 6 or 7 ideas for the stop loss but I guess the best out of them is using candle’s to-the-bottom range (not ATR because this is a trend following strategy so the SL must be able to adapt to the latest market appetite and that is the C[1] - L[1] while entry is at C[1]). So for sell position it’s gonna be to-the-top range. Now what’s left is the range multiplier and the TP is also a multiple of SL (or you can have an open TP and close it manually because it’s H1 anyway).

Also, we need a filter so the EA won’t just take any candle to trade. If it’s too big, ignore.

Maybe TRO can turn this into an indicator too

[aliassmith]

I updated it by adding 1 more MA to act as a bias. So with this setting there is no need to pull up a bigger tf to check for bias.



Enter rule is the same but this time only enter buy when MA bias is below H band and price is above H band and vice versa for sell.

MAHL is MA High Low. I’m just too lazy. This should pass any challenge phase for any prop funding. You just need to set the SL and TP correctly. Making it into an EA is better and it’s very easy to code too.

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

I threw some basic numbers on and worked from there. I have studied MA and found that one isn't necessarily better than another when it comes to minor adjustments. I figured it was close by only looking.

I thought you would need to add the candles back to get a better idea of SL and TP, although DCHappy uses a line chart when he trades so I could be wrong.

I have done some algo stuff in the past. Getting an algo to do exactly what you want might seem simple at first. Sometimes simple becomes hundreds of lines of code. I have found if I can get an Algo close, and it alerts me, I can be the final decision maker in the process. I get an alert on my phone. I open my MT5 app on my phone and make a decision.

If I had a Blackbox algo that makes 10% a month, I wouldn't be trading.
Run that Algo on enough size to make $1 million a month would be fine.
Alright I'm a liar, I love trading so I probably still would trade.

[Don_xyZ]

OH Boy! you might get in trouble if the "Big Guy" of the boards see those MA

So,
White High 6 EMA tagged to HIGH
White Low 6 EMA tagged to LOW
Yellow 50 EMA CLOSE

I'll have to explore this idea.
Even if it was only programmed into an Alert it would be nice.
Actually any high timeframe setup is better with an Alert sent to your phone app.

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

I threw some basic numbers on and worked from there. I have studied MA and found that one isn't necessarily better than another when it comes to minor adjustments. I figured it was close by only looking.

I thought you would need to add the candles back to get a better idea of SL and TP, although DCHappy uses a line chart when he trades so I could be wrong.

I have done some algo stuff in the past. Getting an algo to do exactly what you want might seem simple at first. Sometimes simple becomes hundreds of lines of code. I have found if I can get an Algo close, and it alerts me, I can be the final decision maker in the process. I get an alert on my phone. I open my MT5 app on my phone and make a decision.

If I had a Blackbox algo that makes 10% a month, I wouldn't be trading.
Run that Algo on enough size to make $1 million a month would be fine.
Alright I'm a liar, I love trading so I probably still would trade.

Yeah, I like 7 so I put it there. Yeah, could be. SL optimization is necessary.

When it comes to EA, the more you know, the longer the final lines will be lolz
If an idea is complex enough then an indicator version with alert is good enough, yes.

I need to work my brain coz my stuff is already boring. Thinking about ideas creates excitement a little bit and at least it’s money-generating ideas so it can be useful.

[aliassmith]

Holy moly Alias. Those numbers haha…
well I deliberately didn’t put any number because that’s where we should play. The numbers I put on that chart is not 6 EMA but if anyone is curious, it’s 7 EMA. And yes, the yellow is 50 EMA but with median (HL/2) instead of close. The TP and SL is also the area where you could play. But still, you’re one scary detective, man

Yeah, I did that too but but sending alert is not necessary if you want to make it into an EA. If only for notification sake then yes, it could be a good idea. However, if I need an alert, I’ll just buy Microsoft Surface Go or Pro with Windows 11. Much more convenient.

I threw some basic numbers on and worked from there. I have studied MA and found that one isn't necessarily better than another when it comes to minor adjustments. I figured it was close by only looking.

I thought you would need to add the candles back to get a better idea of SL and TP, although DCHappy uses a line chart when he trades so I could be wrong.

I have done some algo stuff in the past. Getting an algo to do exactly what you want might seem simple at first. Sometimes simple becomes hundreds of lines of code. I have found if I can get an Algo close, and it alerts me, I can be the final decision maker in the process. I get an alert on my phone. I open my MT5 app on my phone and make a decision.

If I had a Blackbox algo that makes 10% a month, I wouldn't be trading.
Run that Algo on enough size to make $1 million a month would be fine.
Alright I'm a liar, I love trading so I probably still would trade.

Yeah, I like 7 so I put it there. Yeah, could be. SL optimization is necessary.

When it comes to EA, the more you know, the longer the final lines will be lolz
If an idea is complex enough then an indicator version with alert is good enough, yes.

I need to work my brain coz my stuff is already boring. Thinking about ideas creates excitement a little bit and at least it’s money-generating ideas so it can be useful.

Im not sure if an indy can send the alert I would need to check.

Yes working puzzles can be entertaining.

[Don_xyZ]

I'm checking my chart and apparently Bitcoin and the gang fell so hard. That's a lot of wealth wiped out. I pity those who came in late especially the old ones.