MT4 indicator (ZoneTrade_v2.4.mq4)

Forex MT4 indicator ZoneTrade Download: ZoneTrade_v2.3.mq4
Forex MT4 indicator ZoneTrade Download: ZoneTrade_v2.4.mq4

How to trade with ZoneTrade indicator


The ZoneTrade indicator is written based on the Bill Williams' trading approach, which he calls "trading in the zone".

ZoneTrade indicator helps to maximize/double/triple profits when the market goes your way, namely, when momentum, acceleration and price confirm that you have favorable conditions for trading. Armed with this information you can be more aggressive when trading in the "Zone".

On the chart below:
Green - a buy zone.
Red - a sell zone.
Gray - a neutral/transition zone.

Forex MT4 indicator Tradezone

The zone is green if both AC and AO are green.

The zone is red if both АС and АО are red.

The zone is gray if АС and АО colors are different.

(If you use candlestick charts, switch them to Bar charts, or even make candlesticks invisible by matching the color of the background).

Forex MT4 indicator Tradezone

A few tips from B.Williams

From Williams' book "New Trading Dimensions":

Forex MT4 indicator Tradezone

While trading aggressively in the Zone, you should know when to stop adding new positions. Keep in mind that the market by its nature is a series of up and down waves and it's unusual for it to have more than 6 or 8 bars of the same color.
Thus, B.Williams suggests to stop adding new positions after the 5th green bar of the same color (uptrend) and place a stop at the bottom of that 5th bar. Keep moving your stop with each new bar until you get stopped out.


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Comments


  • trader

Hi,

What's the difference between 2.3 and 2.4 versions?

  • FxIndicators

I don't remember, sorry. I decided to post both just so that nothing has been missed.

  • trader

Hi there, AO is Awesome Oscillator, isn't it?
What indicator is AC?
Thx.

  • FxIndicators

AO = Awesome Oscillator, AC = Accelerator Oscillator.

  • trader

pls how can idownload zonetrade indicators

  • trader

http://forex-indicators.net/how-to-download-indicators

  • trader

Thank you, from the bottom of my heart for sharing this information. This will help me with the London open to know which way it will go. XOXO

  • trader

how can i remove AC and AO window

  • trader

right klick and than delete the indicator

  • trader

hi

Can I please get the Mac OS version of this indicator? Thank you.

  • trader

Hi all, Is there a particulat time frame to trade with the Zone,
or does it works specifically on short time frames ?
thanks in advance for your time to reply , [email protected]

  • trader

Hi,
This indicator is for which currency pair and what is the time frame for the chart?


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