NYCOB Kill Zone Strategy
I have now turned the NYCOB Kill zone into a stand alone strategy!
Fully customizable in regards to time of entry and levels of entry but the standard settings are the best all around.
Original NYCOB Kill Zone text below
This script plots the H and L of the first 2 hours of the NYC session and shades the space between in which i deem the NYC Order Block
It also maps out the First two hours on the chart as well so you can understand when the OB has formed
Over the past 3 years of trading cryptocurrency i have noticed a phenomena that has occurred nearly every day
The H or L will 90% of the time will be posted in the first two hours of this session
knowing this means you understand if you just wait til this time you can better your odds at not getting stop hunted due to poor entry
A few things to take from this study are these.
1. after the OB is formed
2. whichever side gets taken out first (H/L) will 90% define the bias for the day. I have found that using the m13-m15 TF will add some more confirmation with 1-2 closes outside of range H/L/
3. After general bias has formed 2 things can happen
A) PA just takes off and there is really nothing you can do about it unless you had other studies that told you that will happen
B) PA will dip back INTO the OB and create the OTE which is any retracement below the .5 Fibonacci of the shaded OB
4. Typically OTE happens after the session has ended
5. If you used OTE off of the past days NYCOB then you can use the new (forming or just formed) NYCOB to CONFIRM your initial bias presented from the previous days OTE and bias.
6. When PA cannot close outside the NYCOB it presents a range to range play where PA will visit the opposite side of the range to chase liquidity,
7. When the NYCOB is TIGHT then deviation is more likely to result in price expansion, when the NYCOB is WIDE then deviation tends to present more range to range plays.
8. After bias is formed and OTE has been made your stops should always be outside the NYCOB. I use the m30 or H1 ATR to get a slight cushion from the OB to ensure i dont get stop hunted.
Standard TP are all set at the same level but you can adjust them accordingly
Shout out to Elevate-Trading family member Boederzeng for helping me with the code!
Fully customizable in regards to time of entry and levels of entry but the standard settings are the best all around.
Original NYCOB Kill Zone text below
This script plots the H and L of the first 2 hours of the NYC session and shades the space between in which i deem the NYC Order Block
It also maps out the First two hours on the chart as well so you can understand when the OB has formed
Over the past 3 years of trading cryptocurrency i have noticed a phenomena that has occurred nearly every day
The H or L will 90% of the time will be posted in the first two hours of this session
knowing this means you understand if you just wait til this time you can better your odds at not getting stop hunted due to poor entry
A few things to take from this study are these.
1. after the OB is formed
2. whichever side gets taken out first (H/L) will 90% define the bias for the day. I have found that using the m13-m15 TF will add some more confirmation with 1-2 closes outside of range H/L/
3. After general bias has formed 2 things can happen
A) PA just takes off and there is really nothing you can do about it unless you had other studies that told you that will happen
B) PA will dip back INTO the OB and create the OTE which is any retracement below the .5 Fibonacci of the shaded OB
4. Typically OTE happens after the session has ended
5. If you used OTE off of the past days NYCOB then you can use the new (forming or just formed) NYCOB to CONFIRM your initial bias presented from the previous days OTE and bias.
6. When PA cannot close outside the NYCOB it presents a range to range play where PA will visit the opposite side of the range to chase liquidity,
7. When the NYCOB is TIGHT then deviation is more likely to result in price expansion, when the NYCOB is WIDE then deviation tends to present more range to range plays.
8. After bias is formed and OTE has been made your stops should always be outside the NYCOB. I use the m30 or H1 ATR to get a slight cushion from the OB to ensure i dont get stop hunted.
Standard TP are all set at the same level but you can adjust them accordingly
Shout out to Elevate-Trading family member Boederzeng for helping me with the code!
Release Notes:
Fixed some obvious orders execution issues that caused false back testing results.
All is well now
Cheers :)
All is well now
Cheers :)
Release Notes:
Small subtle changes that i preferred :)
Release Notes:
More small adjustments :)
Release Notes:
subtle changes
Release Notes:
Changed it to have a 24 hour trading period! I like ACTION
You may change it back to the 8 hour setting for the BEST percent profitable settings
THIS IS ONLY FOR
BTCUSD
BTCUSDT
BTCUSDT PERP
ICXUSD
DODGEUSD
You may change it back to the 8 hour setting for the BEST percent profitable settings
THIS IS ONLY FOR
BTCUSD
BTCUSDT
BTCUSDT PERP
ICXUSD
DODGEUSD
Release Notes:
Subtle changes :)
Release Notes:
Added an underlying entry criteria using my SS-RSI script
Essentially it wont take a short or long unless the SS-RSI is at the same extreme the trade is in.
The time frame is adjustable and is NOT reliant on close. It is calculated on EVERY TICK
Time frame is adjustable but stick to prime numbers of 60
Best time options are the m15 and H1/ 60 minute
Essentially it wont take a short or long unless the SS-RSI is at the same extreme the trade is in.
The time frame is adjustable and is NOT reliant on close. It is calculated on EVERY TICK
Time frame is adjustable but stick to prime numbers of 60
Best time options are the m15 and H1/ 60 minute
Release Notes:
MUST USE CHARTS LESS THAN THE H1
Best charts tend to be m15
Changed some variables to get the best results given the current environment
A tad more volatile so TP are now set a little further and also the stop one tick out
Results are much better across majors like
BTC
ETH
LTC
remember
Let the Order block form
Whichever way breaks first with 2-3 m15 candle closes will determine directional bias for that DAY
If the top is broken
1. wait til H1 is reset
2. Find entry in the OB , usually happens during or after NYC close
3. OTE tends to be a pullback/retrace of .618-1.382
If the bottom is broken
1. wait til the H1 is topped out
2. Find entry in the OB , usually happens during or after NYC close
3. OTE tends to be a pullback/retrace of .618-1.382
Take profit on key levels shown on by the indicator or using OBs
PS
You can remove most of the data and just have the OB and the take profit levels
WMA21 helps with confirming an entry once the H1 gives you the trigger
DM me how to attain access
Best charts tend to be m15
Changed some variables to get the best results given the current environment
A tad more volatile so TP are now set a little further and also the stop one tick out
Results are much better across majors like
BTC
ETH
LTC
remember
Let the Order block form
Whichever way breaks first with 2-3 m15 candle closes will determine directional bias for that DAY
If the top is broken
1. wait til H1 is reset
2. Find entry in the OB , usually happens during or after NYC close
3. OTE tends to be a pullback/retrace of .618-1.382
If the bottom is broken
1. wait til the H1 is topped out
2. Find entry in the OB , usually happens during or after NYC close
3. OTE tends to be a pullback/retrace of .618-1.382
Take profit on key levels shown on by the indicator or using OBs
PS
You can remove most of the data and just have the OB and the take profit levels
WMA21 helps with confirming an entry once the H1 gives you the trigger
DM me how to attain access
Release Notes:
New and improved version of NYCOB Kill zone
Same concepts but added entry ideas on break outs / fake outs
added closing orders for stops and take profits
More visual aid to what is going on as well
You want your screen to look like this snap shot in the chart here
I made a quick video on how to set the correct settings and the correct look so its not so "messy"
cheers!
www.loom.com/share/1...496099a9d8b3cb93d678
Same concepts but added entry ideas on break outs / fake outs
added closing orders for stops and take profits
More visual aid to what is going on as well
You want your screen to look like this snap shot in the chart here
I made a quick video on how to set the correct settings and the correct look so its not so "messy"
cheers!
www.loom.com/share/1...496099a9d8b3cb93d678
Release Notes:
Complete ovverhall of trade critera
the same LOGIC and ALGO is still applied
The High or Low of the trading session will be posted in the first hour of trading the NYC open
Knowing this provides you with LOGICAL stop placements and BIAS for each and every trading day
DM how to attain access
the same LOGIC and ALGO is still applied
The High or Low of the trading session will be posted in the first hour of trading the NYC open
Knowing this provides you with LOGICAL stop placements and BIAS for each and every trading day
DM how to attain access
Release Notes:
Much needed updates so that the scrip continues to make trades. As well as the backtesting better reflects the REAL results.
Have a plan. Trade it!