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

Strategy: Daily Range Spike and Pull Back

Quoting cuongitl
{quote} MM is very important with this strategy. This is the signal today. I'm used yesterday range = 80 {image}
may you describe the different columns?
Sp= Spread
PFO= todays Range
ADR= Average Daily Range
CS=?
HeatM= todays change?
D1=?
OD1=?
TLS=?
W1=?

Thank you for your interesting strategy
Best hundsbua
Post 79, is this question going to be answered, simply?
Anyone?
Quoting TheZenienss
{quote} If I understood the strategy correctly these are the valid/invalid cases for a short position!!! {image} Am I right ? We should enter the position only if the current price is between 5 and 50 pips
YES!!!
[quote = yonnie; 13275769] {quote} ДА !!! [/ quote]
Do you enter when a new D1 candle appears and when the price is from 5 to 50 pips or during the day?
Quoting OXL
[quote = yonnie; 13275769] {quote} ДА !!! [/ quote] Do you enter when a new D1 candle appears and when the price is from 5 to 50 pips or during the day?
flashpaul in post 41 explains it very well.......I`ll give an example....
the price is up, the body of the candle is more than 80 pips and the closing price is 1.4500.......now we`re going to sell today if possible....
at the start of the day, price goes up from 1.4500 to 1.4510, to 1.4520 and we do nothing.....price has to go below 1.4500...
then price starts to drop to 1.4500 - 1.4490 and now you can decide to enter a sell order....
the range is 5-50 pips, so you can sell between 1.4495 and 1.4450 whenever you`re at the computer.....
hope all is clear now
Quoting cuongitl
... takeprofit: 20 -35 pips ...
Are these 20-35 pips from yesterday's close?
"I feel strong because I am bul..."
Quoting bigiivan
{quote} Are these 20-35 pips from yesterday's close?
the TP is from entry......so in my example above, if you enter a sell order @ 1.4485, you could have a TP @ 1.4465-1.4450....
a bit of caution here: say the pair you`re selling has a daily ATR of 85........price rises from 1.4500 to 1.4550 and then comes down to 1.4485 and you sell......the average ATR is only 20 pips away from here @ 1.4465, so I would certainly not aim for 35 pips profit.....you got to use common sense sometimes
Quoting TheZenienss
{quote} If I understood the strategy correctly these are the valid/invalid cases for a short position!!! {image} Am I right ? We should enter the position only if the current price is between 5 and 50 pips
Exactly!
Quoting KopraTasa
Hi Cuongitl, Any idea for Gold/XAUUSD Range Spike setting?.....I mean yesterday's range....
This strategy is not for GOLD.
Quoting hundsbua
{quote} may you describe the different columns? Sp= Spread PFO= todays Range ADR= Average Daily Range CS=? HeatM= todays change? D1=? OD1=? TLS=? W1=? Thank you for your interesting strategy Best hundsbua
Please follow what I wrote in # 1, don't care about anything else.
Because what you're asking is not for this strategy.
Quoting cuongitl
{quote} Exactly!
and why not sell in the moment we reach 6 pips? more simple, isnt it? The reason would be maybe if you are not in front of the computer

Regards!
Quoting Beren
{quote} and why not sell in the moment we reach 6 pips? more simple, isnt it? The reason would be maybe if you are not in front of the computer Regards!
Valid is between 5 and 50 pips
4/if the price goes against the direction of the trade
- Check distance pips from 1st entry with Bid/Ask >= Yesterday Range/2 or at least 25 pips.
- Open 2nd trade with same lot size (can martingale), no tp price.
- Close all trades when Basket Profit >= 2 or more...

Anyone,please explain this I am confused (English is not my language sorry)
Testing
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Quoting Toppi
Testing {image}
Well, I'm not following the rule so I should not replay anymore on this thread

Thanks
Toppi
Quoting Toppi
{quote} Well, I'm not following the rule so I should not replay anymore on this thread Thanks Toppi
Hi, what settings are you using for H4 timeframe? Thanks
Quoting Toppi
{quote} Well, I'm not following the rule so I should not replay anymore on this thread Thanks Toppi
What is your rules? Can you explain?
Quoting cuongitl
Hello all, Here're one of strategy help me more profit. 1/ Check Yesterday Range (Open-Close) from 80 pips above. 2/ Check Today pips: Price from Daily Open to current price (Bid/Ask) + Min: 5 pips + Max: 50 pips 3/ Open Trade: - SELL if yesterday is Bullish candle - BUY if yesterday is Bearish candle takeprofit: 20 -35 pips stoploss: 2 options option 1: 20-25% Account Equity, not stoploss by pips/price. option 2: check from 5-10 Daily candles, then put your stoploss above/below High/Low of it. 4/if the price goes against the direction of the trade...
Hey Cuongitl, based on the attached image from your first post, it seems your "Trailing stop" has been active. What settings are you using?
Just started today testing your strategy.

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First of all thanks for sharing Cuongitl. Whether its success or failure only some do the sharing

I have a few questions

1. If today's candle goes in our direction (Opp to yesterday's candle) you said take a trade between 5 to 50 pips. Do you trade any specific number I mean some times it even goes over 50 pips and then returns back if we take a trade at 45 pips then it changes direction (same like yesterday) means our DD raise much but if we took the same trade at 10 pips its is a winner at 25 PIps TP

2. is that fixed TP of 25 pips or do you Trail stop? if you TS what is the setting you use?

3. Please explain what if the trade goes against us I already asked that at Post no 93 (you explained it but I can't understand it English is not my language SORRY)

thanks Everyone
Quoting cuongitl
{quote} MM is very important with this strategy. This is the signal today. I'm used yesterday range = 80 {image}
Hi and thanks for the interesting strategy sharing!
Is this dashboard indicator your author concept? Or may I download it somewhere?
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