Buy and Sell Zones project
Welcome to the Pipnotic Buy and Sell Zones (BASZ) project page where you will find all you need to know about the BASZ.
How it works
The BASZ is a supply and demand trading algorithm and works in the following way
The algorithm scans the currently active chart, and looks for liquidity distribution patterns that are aligned with market structure.
The algorithm continues to scan and qualify trading opportunities on the chart it is attached to, automatically.
When qualified trades are identified, trades are opened according to risk options, and stop-losses and targets are set.
Frequently Asked Questions
Here are some of the most common questions and answers people have in relation to the Buy and Sell Zones algorithm.
Is the BASZ profitable?
This depends on how it is configured and which time-frames it is used on. Based on about 12 months of data and thousands of trades as well as user feedback, the answer to this question is yes.
What are the best settings?
We have defined a default configuration for the BASZ, which works well for most assets – but if the area of supply or demand looks small, then increasing the stop and target modifiers a little is recommended. Furthermore, we recommend that you experiment for yourself, as this will get you well acquainted will the BASZ, and the different configurations.
Does Pipnotic software work on Mac?
There are some issues getting our indicators to work on a Mac, as they are slightly more complex than normal indicators and Experts. As a result, we recommend that you use a Windows PC or rent a VPS on which to host our software, which is what all of our Mac users are doing.
What are the best time-frames for the BASZ?
Based on thousands of trades, the data tells us that the larger time-frames work best, the weekly being superior. BASZ also works on time-frames as low as the one minute but it will require that you manage the trades a little more actively due to the volatility on such time-frames.
Several users have invested many hours in identifying the ideal configuration of settings, and we have all reached similar conclusions. Most assets on the four-hour chart, during the European and North American sessions, work well.
How is the trend defined?
The trend is based on market structure. We use trend-lines to visualize market structure, and they are drawn on the chart as soon as they are qualified, along with any identified areas of supply and demand that are in alignment with the defined market structure.
The BASZ has an extremely flexible configuration to suit the needs of any trader. Configurations can be specified to suit the needs of the short-, medium- and long-term trader.
Due to the flexible nature of the algorithm, it can be used to trade anything your MT4 broker has a price feed for, including Forex, stocks, cryptocurrencies, futures, commodities and more. Simply configure and enable the BASZ, and you’re ready to go.
Trade around the clock
Sometimes you want the algorithm to run around the clock, which can be accomplished by using a VPS server on which to host the software. Then you can walk away and manage trades via the MT4 app on your telephone.
"I found Pipnotic and Sarid Harper! Sarid and the Pipnotic Supply and Demand Indicator shows what's going on in the market I no longer have to trade blindly. The supply and demand indicator is not the holy grail, but together with the symposiums it’s bloody close!"
– Ove Nordkvist