Hi Buzznack, I'm in NY which is Eastern Standard Time. 09:30 EST is the start of the pit session for most financial markets. The first 30 min is mainly were institutions get positioned for the day, which would be 9:30 to 10 EST. The first 5 min of the pit session carries the most volume in any other 5 min increment throughout the day, not including news or the close.
The opening range trader is mainly a breakout traders. I'm not a break out trader. I simply added a Fibonacci measurements to the opening range and had great results. I'm sure I'm not the only trader who did this type of measurement on the opening range.
As far as MT4 I have no knowledge of how it would or would not work.
The opening range trader is mainly a breakout traders. I'm not a break out trader. I simply added a Fibonacci measurements to the opening range and had great results. I'm sure I'm not the only trader who did this type of measurement on the opening range.
As far as MT4 I have no knowledge of how it would or would not work.