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Attachments: Strategy: Daily Range Spike and Pull Back
Exit Attachments

Strategy: Daily Range Spike and Pull Back

Can you share filters?
Nice results. Don't you have a myfxbook page to back them up?
Quoting cuongitl
Results by this strategy. {image} Hope you all have the good result.
whats you position sizing per trade base on your equity? if your equity is 5k?
Hello coungitl, Do you put stop orders at exact pip distance from daily open or you check the today candles at exact time every day and enter the trade if the price is in distance of 5 to 50 pips from daily open?
Quoting chontenchj12
Can you share filters?
you means the indicator to filter? Check #1 post, please.
Quoting jong65
{quote} whats you position sizing per trade base on your equity? if your equity is 5k?
My formula: Lotsize = AccountBalance * (RiskPercent / (100 *AccountLeverage))
Quoting kasrafx
Hello coungitl, Do you put stop orders at exact pip distance from daily open or you check the today candles at exact time every day and enter the trade if the price is in distance of 5 to 50 pips from daily open?
Hi kasrafx,
I don't use stop orders.
Whenever the conditions are met, I will enter the trade.
Nice strategy you've got here. Can you share more chart images with explanations. Still trying to get a grip of how it works. Also whats your take on a $100 capital?
This strategy performs well under normal market conditions, especially volatile market conditions, but the drawdown in extreme market conditions will be large (for example, in March this year), so fund management is particularly important. If the number of lots is small, the profit will be relatively limited. , I don’t know how to solve this problem. In addition, the server time is different, and the data obtained is different. I only have one pair that exceeds 100 points today. The server time is different and the result will be different.
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Quoting jw0104
This strategy performs well under normal market conditions, especially volatile market conditions, but the drawdown in extreme market conditions will be large (for example, in March this year), so fund management is particularly important. If the number of lots is small, the profit will be relatively limited. , I don’t know how to solve this problem. In addition, the server time is different, and the data obtained is different. I only have one pair that exceeds 100 points today. The server time is different and the result will be different. {image}...
MM is very important with this strategy.
This is the signal today.
I'm used yesterday range = 80
Attached Image
Quoting jeedy
Nice strategy you've got here. Can you share more chart images with explanations. Still trying to get a grip of how it works. Also whats your take on a $100 capital?
My rule is very easy, you can use my indicator to find the signal.

You means you've only 100$ ?
Quoting cuongitl
{quote} MM is very important with this strategy. This is the signal today. I'm used yesterday range = 80 {image}
Hi sir, can u tell me the name of that indicator?? , many thanks.
Quoting odc1977
{quote} Hi sir, can u tell me the name of that indicator?? , many thanks.
Check #1 post
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(*) Forex Trading Profit Tracker: https://www.mql5.com/en/market/product/39113
Quoting cuongitl
{quote} My rule is very easy, you can use my indicator to find the signal. You means you've only 100$ ?
Yeah. Does the strategy work for small accounts?
Quoting jeedy
{quote} Yeah. Does the strategy work for small accounts?
OK with account size ~ 1000$.

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I'm not sure about these accounts too small, so I suggest using the cent account.
Quoting cuongitl
{quote} MM is very important with this strategy. This is the signal today. I'm used yesterday range = 80 {image}
Can you share this dashboard
Trade Without Fear
Just testing
Attached Image (click to enlarge)
Click to Enlarge Name: DRS.png Size: 11 KB
Quoting cuongitl
{quote} Which part don't you understand?
If I understood the strategy correctly these are the valid/invalid cases for a short position!!!

Attached Image (click to enlarge)
Click to Enlarge Name: Daily Range Spike and Pull Back.png Size: 43 KB

Am I right ? We should enter the position only if the current price is between 5 and 50 pips
  • Post #80
  • Quote
  • Edited 12:20pm Nov 21, 2020 12:00pm | Edited 12:20pm
Hi Cuongitl,

Any idea for Gold/XAUUSD Range Spike setting?.....I mean yesterday's range....
You do good, Good will come to you. Self deception never succeed.
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