DHR - Daily Half Range Strategy

Sorry, I really don't understand the question. If touch of line and some pips your past the 5 pip target.

Not discussing any further.

Hi 8tango, Thanks for following the thread. I wanted to reply in more detail, but time did not allow. I hope this answers your questions.

Apologises for typos, been a long day.


Also notice what happens when the US Market opens due to the news prior to market open. So it was safer to take 5 pips and go....
Fridays tend to be US news days so need to be wary.

Thanks

Please do you have the MT5 version of this indicator?

pas à l'heure actuelle, peut-être dans le futur. Je n'ai pas encore migré vers mt5.

EURUSD 15M, no trade yet....

ATR Filter turned on: ATR(10) H1 still flat, so momentum lacking, no signal.

Still a slow day, so no trade today. Done for the day.

Q&A Session:

Q5) Why Only One Trade a Day?

A5) The 50% ADR(period) (or any other % ADR(period) chosen), point can only be reached / passed through once in a given day; therefore a single trade.
Which ever line price crosses first will be the ADR(10) 50% mark.
No guessing, price shows us the direction and potential entry point. Whether to take the trade depends on your probablity and risk analysis.




Q6) Why is buy line (blue) sometimes below the open price of the day and vice versa for the sell line (red)?

A6) The buy line is calculated from the low of the day plus 50% of ADR(10). If the distance between the open of the day and the low of day is greater than the 50% ADR(10), (or any other % ADR(period) chosen), the buy line will be positioned below the open of day. Vice versa for the sell line. This is why the method can not be back tested by looking at charts.