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Attachments: Daily Trading Strategy [ADR + RSI = High Probability]
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Daily Trading Strategy [ADR + RSI = High Probability]

Quoting ManilaSpurs
Congrats zoheb01 your system works like a charm today. Now we just need a dashboard which tells us the 100% ADR is reached for all the currency pairs with alarm visual, popup, email and push. That would be perfect and more relaxed, perhaps somebody knows if there is already an existing one. Thanks for sharing.
I don't think you have to worry about that.
One of the expert codes will be coming on this site very soon and they will Contribute with things like that,
it would be nice if we could get and 100% ADR alert for every pair.
Hello, moment-by-moment analysis of the gold symbol. Short and long times /
We invite gold market enthusiasts to join us

https://www.forexfactory.com/thread/...7#post13094107
Quoting BigBangs21
Hello, moment-by-moment analysis of the gold symbol. Short and long times / We invite gold market enthusiasts to join us https://www.forexfactory.com/thread/...7#post13094107

I don't think that's a good idea.
first of all, you should ask the person who owns the Thread,
People get confused when you have two systems on the one side,
Hi, rather than manual, can someone develop an EA based on this strategy?
Quoting redfan
{quote} Thanks for the indicator it helps me a lot, just another question the only alert I have got set on every pair is set on on OFT RSI MTF indicator. Is that correct?
Yes that's correct
"Cut your loses short and let the winners Run"
Quoting redfan
{quote} Thanks for the indicator it helps me a lot, just another question the only alert I have got set on every pair is set on on OFT RSI MTF indicator. Is that correct?
Sorry , the alert you should have on is the ADR alert, it's the one that makes you check if the other conditions are present. The other alert on rsi might be a distraction if it rings alot. I hope that helps
"Cut your loses short and let the winners Run"
Quoting meck1
Don't forget to post trades which go bad so that we see which session has the most profitable trades
I would say the pips to SL should be recorded for all trades, maybe one could filter out some of the trades with bigger stop losses. If we expect an ADR move at most, then surely the distance to the SL cant be lets say X% of ADR since we are aiming for a 1R : 1R
Nothing is mentioned regarding avoiding high impact news? Standing rule?
  • Post #49
  • Quote
  • Edited 1:47am Aug 4, 2020 12:59am | Edited 1:47am
Quoting PipBros
{quote} I would say the pips to SL should be recorded for all trades, maybe one could filter out some of the trades with bigger stop losses. If we expect an ADR move at most, then surely the distance to the SL cant be lets say X% of ADR since we are aiming for a 1R : 1R
I personally don't take trades with a stoploss greater than 30pips. Good question. But the best method is to risk 1% per trade. This helps make the same risk regardless of stoploss pips. I use this app to help me calculate what lot size to put for 1%
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hope this helps
"Cut your loses short and let the winners Run"
Quoting PipBros
Nothing is mentioned regarding avoiding high impact news? Standing rule?
I consider news volume lol but high impact is always something to take note of
"Cut your loses short and let the winners Run"
adr
Attached File(s)
File Type: mq4 ADR 1 mod.mq4   15 KB | 369 downloads
Hello all, this results of yesterday afternoon
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 51 KB
  • Post #53
  • Quote
  • Edited 5:08am Aug 4, 2020 4:38am | Edited 5:08am
Hello, Traders

Thanks author of thread for good idea. Uploaded indi may will be useful someone
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Multi_Pair_Average_Range_Scanner_Alerts_v1.1.mq4   37 KB | 662 downloads
Configuration AUD/NZD
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Am I correct in saying there's only one pair that has got 100%
Up to now, and that is GBPAUD.
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Quoting redfan
Am I correct in saying there's only one pair that has got 100% Up to now, and that is GBPAUD.
AUDNZD only
Quoting varseb
Hello all, this results of yesterday afternoon {image}
Well done!. Results should be better if you size for risk
Quoting Gleam
Hello, Traders Thanks author of thread for good idea. Uploaded indi may will be useful someone {file} {image}
Thank you,
Rapid
Quoting Gleam
Hello, Traders Thanks author of thread for good idea. Uploaded indi may will be useful someone {file} {image}
Many thanks to Gleam, that's exactly what I was looking for yesterday.
Nice, flexible and clean design. Just waiting for the alarms now.
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