I saw on other forums the term "Zonal Trading". I googled it with no result. Then I tried "Zonal Trading in Forex" and I saw the strategy and watched a few I got from google. It is a combination of two indicators that produces the Green and Red column by default. But I am yet to understand this strategy. Some traders claim to have success with it, but they showed no proof. So can someone explain to me how profitable the Zonal Trading system is?
Zonal Trading is a combination of two Bill Williams Indicators: Awesome Oscillator and Acceleration/Deceleration Indicator. As usual someone has combined and tweaked an old indicator calling it their own. No idea if it works or not; I don't use indicators. Best way to prove it to yourself is back testing. Alternatively you could ask if people have had luck with the two Bill Williams indicators it uses.
I hate bill Williams indicators, especially the alligator, just a load of moving averages with a silly name
henry, is this the system you are talking about? http://www.frobet.com/zonal-forex-trading-strategy-50-pips-daily/ I did the search and found it. I have read this somewhere before. This has been a very old trading system. I doubt if it works well. However, it is just a combination of two indicators, nothing much. However, it is still useful for a short term trading judging from the chart time frame.