ct1942,
A screenprint of your Indicator folder window like I did in the earlier post would help.
cpfleger
A screenprint of your Indicator folder window like I did in the earlier post would help.
cpfleger
Strategy: Daily Range Spike and Pull Back 161 replies
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Another Daily Range Strategy GBP/USD 23 replies
DislikedUpdated and tested DHR Line indicator to include pip target and ADR Target. Will add multi time frame ADR at later date. {file}Ignored
DislikedI saw cpfleger pictures and thought the DHR indicator may need some attention regarding the pip target. The ADR can be wavey as it is set to current chart time per bar. So reflects movement of ADR during the day. The ADR is based on period and not percentage. I will make the ADR multi time in due course; which will make a constant level dotted line. The trade on the chart looks good; if taken. The losing trade shown in Post 22# is based on using ATR target, which unfortunately thought there should be 7 pips instead of 5 pips.Ignored
Disliked{quote} But my question; what does the setting mean? How do we know what ADR is being used, and how to set a percentage of that for the TP targets? ThanksIgnored
DislikedTodays trade on EURUSD 15M: {image} This is a perfect example of when the trade potentially will not work out. This does not happen often but be aware. Time will tell if price decides to come back down given it is Friday and there is USD data later todayIgnored
Disliked{quote} That just barely touched yesterday's low, only showing 47% on my broker With a 5 pips TP, how negative is the risk reward ratio? {image}Ignored
Disliked{quote} Erebus thanks for the comment. Good point and to take into account price in reference to previous day high and low. Please find Previous day High / Low indicators attached{file} {file}Ignored
DislikedTrade worked out on EURUSD 15M. That was a bit scary but backtesting has shown the method works 80-90% of the time. The trade today was in essence a breakout of the previous day low. Note grey line at the red sell line. Trade entered at the daily low followed by pullback and then price returned to bear trend and formed lower low. This is why I have mentioned about restricting the trading time to avoid entry at the first test. I think it better to show live trades and then members can decide for themselves about the strategy. Thanks Erebus for the...Ignored