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Daily Trading Strategy [ADR + RSI = High Probability]

  • #41
  • Aug 3, 2020 10:47am Aug 3, 2020 10:47am
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.
  • #42
  • Aug 3, 2020 10:47am Aug 3, 2020 10:47am
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
  • #43
  • Aug 3, 2020 10:51am Aug 3, 2020 10:51am
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,
  • #44
  • Aug 3, 2020 11:04am Aug 3, 2020 11:04am
Hi, rather than manual, can someone develop an EA based on this strategy?
  • #45
  • Aug 3, 2020 12:00pm Aug 3, 2020 12:00pm
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"
  • #46
  • Aug 3, 2020 1:24pm Aug 3, 2020 1:24pm
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"
  • #47
  • Aug 3, 2020 3:49pm Aug 3, 2020 3:49pm
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
  • #48
  • Aug 3, 2020 3:50pm Aug 3, 2020 3:50pm
Nothing is mentioned regarding avoiding high impact news? Standing rule?
  • #49
  • Edited Aug 4, 2020 12:47am Aug 3, 2020 11:59pm | Edited Aug 4, 2020 12:47am
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%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200804-074457_Forex Calculators.jpg Size: 44 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200804-074517_Forex Calculators.jpg Size: 200 KB
hope this helps
"Cut your loses short and let the winners Run"
  • #50
  • Aug 4, 2020 12:13am Aug 4, 2020 12:13am
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"
  • #51
  • Aug 4, 2020 1:18am Aug 4, 2020 1:18am
adr
Attached File(s)
File Type: mq4 ADR 1 mod.mq4   15 KB | 732 downloads
  • #52
  • Aug 4, 2020 3:32am Aug 4, 2020 3:32am
Hello all, this results of yesterday afternoon
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 51 KB
  • #53
  • Edited 4:08am Aug 4, 2020 3:38am | Edited 4:08am
Hello, Traders

Thanks author of thread for good idea. Uploaded indi may will be useful someone
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 56 KB
Attached File(s)
File Type: mq4 Multi_Pair_Average_Range_Scanner_Alerts_v1.1.mq4   37 KB | 1,060 downloads
  • #54
  • Aug 4, 2020 3:40am Aug 4, 2020 3:40am
Configuration AUD/NZD
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 35 KB
  • #55
  • Aug 4, 2020 4:34am Aug 4, 2020 4:34am
Am I correct in saying there's only one pair that has got 100%
Up to now, and that is GBPAUD.
  • #56
  • Aug 4, 2020 4:36am Aug 4, 2020 4:36am
Attached Image (click to enlarge)
Click to Enlarge Name: TUE GBPAUD.png Size: 91 KB
  • #57
  • Aug 4, 2020 4:45am Aug 4, 2020 4:45am
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
  • #58
  • Aug 4, 2020 4:51am Aug 4, 2020 4:51am
Quoting varseb
Hello all, this results of yesterday afternoon {image}
Well done!. Results should be better if you size for risk
  • #59
  • Aug 4, 2020 5:11am Aug 4, 2020 5:11am
Quoting Gleam
Hello, Traders Thanks author of thread for good idea. Uploaded indi may will be useful someone {file} {image}
Thank you,
Rapid
  • #60
  • Aug 4, 2020 5:12am Aug 4, 2020 5:12am
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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