It merely shows how the daily candle is currently developing. nice trades on CJ and UJ. Its still not clear to me how you take your signals with the trend. When looking at the H4 and daily TF the price action doesnt really have a clear downtrend. So ...

Did you trade today, or sitting out because mostly high impact news? I see some of the the USDCAD and GBPUSD trades posted by others today were affected. Even though those trades were identified well before the news events they didn't really move ...

What do you mean with check the trend? There are many ways of doing it. How do you do it?

I suggest you read the whole thread

Or trade should be in the direction of the trend

1:1 is not so absurd. I have a profitable mean reversion strategy with stocks going backtested over 20 years that has a avg profit % less than avg loss % However you have a point that we are in a higher volatility period. So definitely the strategy ...

I see the london close strategy is similar in a way Do you trade it?

They change until hit

If you didn't track that data how do you know which macd cross to take

Hi Bopuc Thanks for sharing your results! Would you mind doing the same for at least 1 or 2 more currency pairs? That would increase the sample size and reinforce the stats

Hi Meck Sorry, my eyes fooled me. On a closer look I see you are correct. There was a couple yesterday that looked very close to being crossed after ADR was hit. The only thing I would say is the trade with -35pip violated your own rule of not ...

Its getting late here. I'll go through some of the screenshots tomorrow

What TF do you suggest?

Just know that the strategy looks for reversals after ADR is hit. Please elaborate more if there is any value to be offered for the current strategy It is used on the 5min TF but there is sufficient warning time for upcomming trades

If I understood Zoheb correctly. The trade should be taken at the first MACD cross to the left once ADR is hit. I've seen 2 or 3 trades where you use a MACD cross after the ADR was hit. Just an observation Seems like today wasnt to good

His only looser for today didn't have RSI arrows

According to my understanding we should be seeing RSI arrows after ADR is hit. Maybe master Zoheb01 can clear this up Anyway, nice trades for the day. Well done

Why do so many want to sit back and wait for an EA? Trading takes work, there is no such thing as free lunches in the market. It took me 8 years to develop a portfolio of automated equity strategies why not load the indicators and test the strategy? ...

What is wrong with the PA? Also not following your comment regarding the MACD above/below the zero line. Did most your trades conform to that logic or not? Apart from the MACD being above zero for short and the opposite for longs, their might be ...

Hi Meck There was no RSI arrows after ADR was hit so this is not a valid setup?