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ADR Average daily Range Indicator 193 replies

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Attachments: Daily Trading Strategy [ADR + RSI = High Probability]
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Daily Trading Strategy [ADR + RSI = High Probability]

Quoting aliswee
Great strategy again Zoheb, might have to code this up as an EA in MT4! Will come back soon with the results
Would be great! Looking forward to hearing from you!
Why do so many want to sit back and wait for an EA? Trading takes work, there is no such thing as free lunches in the market. It took me 8 years to develop a portfolio of automated equity strategies

why not load the indicators and test the strategy? ... understand what the edge is
my last trade for today

Nzdjpy 13 pips
before
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after
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"Cut your loses short and let the winners Run"
Quoting meck1
{quote} They were there before the ADR meaning it was already over bought and the ADR was the the last overbought requirement. Well that's what I think. It's been a while I saw the OP maybe he might explain better
According to my understanding we should be seeing RSI arrows after ADR is hit. Maybe master Zoheb01 can clear this up

Anyway, nice trades for the day. Well done
7 won
1 lost
+118pips today's trades
"Cut your loses short and let the winners Run"
Quoting PipBros
{quote} According to my understanding we should be seeing RSI arrows after ADR is hit. Maybe master Zoheb01 can clear this up Anyway, nice trades for the day. Well done
It would be nice to hear from Zoheb01 . Ild really like to thank him publicly for this. It looks promising
"Cut your loses short and let the winners Run"
Quoting meck1
{quote} It would be nice to hear from Zoheb01 . Ild really like to thank him publicly for this. It looks promising
Yeah me too. I thought it was only a valid setup if the arrow showed up after hitting the RSI, but your trades are proving otherwise. Might just be good for a quick few pips and then out and wait again...? Might have something to do with the value of the horizontal line like we were discussing before? Would be nice too if Zoheb could weigh in on all this
Green pips to all
Quoting ScorpioForex
{quote} Yeah me too. I thought it was only a valid setup if the arrow showed up after hitting the RSI, but your trades are proving otherwise. Might just be good for a quick few pips and then out and wait again...? Might have something to do with the value of the horizontal line like we were discussing before? Would be nice too if Zoheb could weigh in on all this
Il just try and stick to the info on the video and post every day and hopefully by month end will have enough data to see how profitable it is and if it needs tweeking
"Cut your loses short and let the winners Run"
Quoting PipBros
{quote} What is wrong with the PA? Also not following your comment regarding the MACD above/below the zero line. Did most your trades conform to that logic or not? Apart from the MACD being above zero for short and the opposite for longs, their might be value having divergence
++++++++++++++++++++
Reference to MacD "0" line, means taking the level you draw yourself, compared to Actual MacD 0 line.

Look @ 1st chart on Post 134. The line I drew, shows up as 0.107, clearly above MacD 0 level.

What I've observed on many set ups, is the cases in which hand drawn levels are on the same side of direction you're coming from, results "Appear" to be better. Please don't take my word for it. Do your own analysis.
Hello all

for this time my trades of day ( running AUD/NZD, USD/CHF, EUR/USD, EUR/JPY )
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Quoting varseb
Hello all for this time my trades of day ( running AUD/NZD, USD/CHF, EUR/USD, EUR/JPY ){image}{image}{image}
Nice
"Cut your loses short and let the winners Run"
Quoting ScorpioForex
{quote} Yeah me too. I thought it was only a valid setup if the arrow showed up after hitting the RSI, but your trades are proving otherwise. Might just be good for a quick few pips and then out and wait again...? Might have something to do with the value of the horizontal line like we were discussing before? Would be nice too if Zoheb could weigh in on all this
His only looser for today didn't have RSI arrows
running USD/CHF
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Quoting meck1
{quote} Nice
Thanks,

you perfect today, top
Quoting meck1
Audusd Tp 15 pips before{image} after {image}
Hi, what settings do You have for RSI indicator? My AUD/USD don't have any arrows today.

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i've close manually my trade in progress AUD/NZD, USD/CHF, EUR/USD, EUR/JPY
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And results of the day: (total 101 PIPS)
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Quoting laksior
{quote} Salut, quels paramètres avez-vous pour l'indicateur RSI? Mon AUD / USD n'a pas de flèches aujourd'hui. {image}
for info thi is my graphique AUD/USD
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and my parameters (default)
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Quoting laksior
{quote} Hi, what settings do You have for RSI indicator? My AUD/USD don't have any arrows today. {image}
Hie it's just the same one's on the first page. I uploaded my template I use in zip called adr-rsi-macd if it might help
"Cut your loses short and let the winners Run"
Quoting meck1
{quote} Hie it's just the same one's on the first page. I uploaded my template I use in zip called adr-rsi-macd if it might help
I know what's going on. You have RSI_price set to Typical Price, but should be Close Price.
Quoting laksior
{quote} I know what's going on. You have RSI_price set to Typical Price, but should be Close Price.
Good observation , from the looks of the results I guess I'll stick to my settings tho
"Cut your loses short and let the winners Run"
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