Buy Sell Zone on FOREX

[TheOne]

Intuition tells me 4x=0 might become the first BuyZone millionaire.

TRO I thought that would have been you.

[TheRumpledOne]

It doesn't count if I do it because I created it.

But if someone else does it, then it's the system and not me.

It's not about me, it's about the BuyZone!

[4x=0]

What about gert frobe?

[TheRumpledOne]

Looks like you need an IF statement in your spreadsheet so rows 3 and beyond show 0 in the Acc. P/L column.

Please upload the Excel file.

[stormtrader]

What happened to this thread?

[whittakerj]

I'm interested in trading this strategy and I would like to verify that my time zones are set up properly. Here are my Tradestation screenshots. Can someone let me know if this will generate the proper horizontal lines? Do I need to change any other settings, or is this the only one? My timezones are adjusted for current AZ time.

[whittakerj]

I've put up a chart of today I'm curious if someone can let me know if I've interpreted the entries correctly? Also, what advice do you have in regards to when to get out of the market? A simple 2 pip profit?

[dbw451]

I stumbled on this web site today. The guys at Winning Solution are trying to be BuyZone millionaires in less than 2 years trading Forex pairs (primarily the GBP/USD). Each trade is 10% of their account value. They started 8/1/06 with $1,000 and are currently at $735K and averaging 450 pips per month. They peaked at $890K back in September 07.

Here's what I know about their BuyZone system:

5am GMT is the open time
+20 pips is Buy Entry Price
-20 pips is Sell Entry Price
Only take a trade in direction of a confirmed trend
30 pip stop loss
30 to 100 pip target

What I do not know (or I'm speculating):

0 to 2 trades a day? (i.e. only one trade in each direction)
Trend indicator? - looks like some sort of MACD histogram
How target is determined? - looks like floor pivots or maybe Fib projection
Trade management rules?

Here's a link to their trading results:

http://winning-solution.com/indo/statement.php?id=

On their web page, click on any link in the "Detail Trading" column to see the actual BuyZone trades for any given day. These guys have over 2000 registered traders watching these BuyZone trades daily. At any rate, it's an interesting confirmation of the BuyZone trading concept.

Regards,

David

[whittakerj]

Another question I have on this strategy. Do you look at the open 60 minute bar or the previously closed 60 minute bar?

Edited: And when you trade say Sydney market hours do you only trade pertaining currency pairs i.e. aud/usd nzd/usd?

i.e.
London eur/usd gbp/usd
NY eur/usd gbp/usd

Or do you just trade any currency pair using the open time from the relevant time.

[4x=0]

and sometimes it doesn't quite make it back to the zone for another entry so you just have to wing it.



im trading from the coffee shop, i wish i were at home! but the internet is not working there again.