• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 12:08am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 12:08am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

ADR Average daily Range Indicator 193 replies

Average Daily Range Table (ADR) 63 replies

Average Daily Range (ADR) - code check 8 replies

what can keep a working strategy to always have a high probability to win each trade? 9 replies

Sound Alert for ADR (Average Daily Range) 1 reply

  • Trading Journals
  • /
  • Reply to Thread
  • Subscribe
  • 448
Attachments: Daily Trading Strategy [ADR + RSI = High Probability]
Exit Attachments
Tags: Daily Trading Strategy [ADR + RSI = High Probability]
Cancel

Daily Trading Strategy [ADR + RSI = High Probability]

  • Last Post
  •  
  • 1 1213Page 141516 46
  • 1 13Page 1415 46
  •  
  • Post #261
  • Quote
  • Aug 7, 2020 5:33am Aug 7, 2020 5:33am
  •  since80808
  • Joined Sep 2008 | Status: Member | 782 Posts
Quoting Usmanshafeen
Disliked
{quote} Hello sir please tell me the name if this indicator which shows all pairs on chart {image}
Ignored
Attached File(s)
File Type: ex4 Symbol changer profit display v5.ex4   36 KB | 207 downloads
 
 
  • Post #262
  • Quote
  • Aug 7, 2020 5:51am Aug 7, 2020 5:51am
  •  Usmanshafeen
  • | Joined Mar 2020 | Status: Member | 54 Posts
Quoting since80808
Disliked
{quote} {file}
Ignored
Thanks alot sir
 
 
  • Post #263
  • Quote
  • Aug 7, 2020 7:12am Aug 7, 2020 7:12am
  •  Pip Bull
  • | Joined Dec 2011 | Status: Member | 114 Posts
Quoting Usmanshafeen
Disliked
{quote} Hello sir please tell me the name if this indicator which shows all pairs on chart {image}
Ignored
Usmanshafeen,

First of all, that's not my chart. The chart you referenced is from Meck1, however, I do have a symbol changer I'm happy to share. It's attached below. The reason I like it is that it's meant to go in a subwindow so you can keep your chart window clean.
Attached Image (click to enlarge)
Click to Enlarge

Name: AUDCADM30.png
Size: 116 KB
Attached File(s)
File Type: mq4 Symbol Changer_Luxmod.mq4   6 KB | 219 downloads
 
1
  • Post #264
  • Quote
  • Aug 7, 2020 7:26am Aug 7, 2020 7:26am
  •  ficibald
  • Joined Oct 2014 | Status: Lazy Trader | 871 Posts
Quoting Pip Bull
Disliked
{quote} Usmanshafeen, First of all, that's not my chart. The chart you referenced is from Meck1, however, I do have a symbol changer I'm happy to share. It's attached below. The reason I like it is that it's meant to go in a subwindow so you can keep your chart window clean. {image} {file}
Ignored
Attached Image (click to enlarge)
Click to Enlarge

Name: 07-Aug-20 14-23-36.png
Size: 213 KB
 
 
  • Post #265
  • Quote
  • Aug 7, 2020 7:47am Aug 7, 2020 7:47am
  •  Pip Bull
  • | Joined Dec 2011 | Status: Member | 114 Posts
Ficibald,
Not sure I understand your question but the Symbol Changer_Luxmod is in a subwindow below the main chart window so it never covers up any candles or indicators.
 
 
  • Post #266
  • Quote
  • Aug 7, 2020 8:07am Aug 7, 2020 8:07am
  •  Jarass1080
  • Joined Aug 2020 | Status: Member | 331 Posts
I test this strategy on day 3. It seems to me that everything is ok. She hasn't noticed any losses.

Attached Image (click to enlarge)
Click to Enlarge

Name: QQ.PNG
Size: 45 KB
 
1
  • Post #267
  • Quote
  • Aug 7, 2020 9:37am Aug 7, 2020 9:37am
  •  diamonddbw
  • Joined Sep 2010 | Status: Member | 2,030 Posts
Right now, the only ones I see are:

• UCad
• UChf
• EurJpy
• AudNzd
 
 
  • Post #268
  • Quote
  • Aug 7, 2020 9:57am Aug 7, 2020 9:57am
  •  Jarass1080
  • Joined Aug 2020 | Status: Member | 331 Posts
today's usd cad signal was also hit.

Attached Image (click to enlarge)
Click to Enlarge

Name: qqq.PNG
Size: 40 KB
 
 
  • Post #269
  • Quote
  • Aug 7, 2020 10:25am Aug 7, 2020 10:25am
  •  meck1
  • Joined Nov 2018 | Status: Member | 244 Posts
today ddnt gt in because readings would be heavily skewed by NFP
"Cut your loses short and let the winners Run"
 
 
  • Post #270
  • Quote
  • Aug 7, 2020 11:28am Aug 7, 2020 11:28am
  •  Jarass1080
  • Joined Aug 2020 | Status: Member | 331 Posts
today's Aud Nzd signal also looks good.

Attached Image (click to enlarge)
Click to Enlarge

Name: ww.PNG
Size: 45 KB
 
 
  • Post #271
  • Quote
  • Aug 7, 2020 2:36pm Aug 7, 2020 2:36pm
  •  LDFX
  • Joined Jul 2012 | Status: Member | 970 Posts
Quoting dokopy
Disliked
{quote} Any positive idea?
Ignored

If by positive you meant brush with the grain, then yes, the london close strategy which I referred to.

Otherwise a comment that is not going your way should be taken positively if you want to learn because criticism are healthy.

Anyway I won’t post anymore unless someone quote one of my post.

Good luck in your journey because you are gonna need it if you only want to hear “positive” comments while dismissing critics.

Cheers,
LDFX Trading Ltd
 
 
  • Post #272
  • Quote
  • Aug 7, 2020 2:39pm Aug 7, 2020 2:39pm
  •  PipBros
  • | Joined Jul 2018 | Status: Member | 89 Posts
Quoting LDFX
Disliked
{quote} If by positive you meant brush with the grain, then yes, the london close strategy which I referred to. Otherwise a comment that is not going your way should be taken positively if you want to learn because criticism are healthy. Anyway I won’t post anymore unless someone quote one of my post. Good luck in your journey because you are gonna need it if you only want to hear “positive” comments while dismissing critics. Cheers,
Ignored
I see the london close strategy is similar in a way

Do you trade it?
 
 
  • Post #273
  • Quote
  • Edited 3:09pm Aug 7, 2020 2:57pm | Edited 3:09pm
  •  LDFX
  • Joined Jul 2012 | Status: Member | 970 Posts
Quoting PipBros
Disliked
{quote} I see the london close strategy is similar in a way Do you trade it?
Ignored

Yes it is very similar, except it is traded only before the London close and probably the most important is that the entry is made on a Fibonacci pullback. Take for example a 30 pips excursion before the macd signals you to enter for a 30 pips stop and a 30 pips tp, by entering at a 50% retracement you would be able to risk twice less while having a r:r of 1:3 with the same stop loss and take profit levels. Also some use even 61.8 and 78.6 levels. Of course that doesn’t go without missing some trades but the higher return should outweigh that.

I have traded it, I still do in some ways but not taking the ADR into account anymore, too many traders are actually looking for a high ADR to enter in the direction of the trend confirmed by this volatility breakout. Also not using the lagging macd but AA candlestick patterns such as pinbar or an engulfing bar.

Waiting for an excursion as much as 30 pips because of a poor indicator such as the macd and aiming for 1:1 r:r is absolutely absurd, especially when trading in a counter trend against a momentum move.

Still don’t get me wrong, my posts were only here to share the “bad” experience I had Trading it Which I thought to be a positive contribution. But of course it is not welcome here because perceived as not positive, well I cannot brush with the grain only to please if my experience was otherwise.

Cheers,
LDFX Trading Ltd
1
 
  • Post #274
  • Quote
  • Aug 7, 2020 3:58pm Aug 7, 2020 3:58pm
  •  redfan
  • Joined Sep 2011 | Status: Member | 1,080 Posts
Quoting Pip Bull
Disliked
{quote} Usmanshafeen, First of all, that's not my chart. The chart you referenced is from Meck1, however, I do have a symbol changer I'm happy to share. It's attached below. The reason I like it is that it's meant to go in a subwindow so you can keep your chart window clean. {image} {file}
Ignored
Can you please let me have your settings For the symbol change lux.
I have a space between the pairs and the times buttons.
I'm trying to make it a smallest possible,
Thank you.
 
 
  • Post #275
  • Quote
  • Aug 7, 2020 4:16pm Aug 7, 2020 4:16pm
  •  meck1
  • Joined Nov 2018 | Status: Member | 244 Posts
Quoting LDFX
Disliked
{quote} Yes it is very similar, except it is traded only before the London close and probably the most important is that the entry is made on a Fibonacci pullback. Take for example a 30 pips excursion before the macd signals you to enter for a 30 pips stop and a 30 pips tp, by entering at a 50% retracement you would be able to risk twice less while having a r:r of 1:3 with the same stop loss and take profit levels. Also some use even 61.8 and 78.6 levels. Of course that doesn’t go without missing some trades but the higher return should outweigh...
Ignored
The reason you are not getting alot of positive feedback from people here is how started your posts, you started by bashing the 5min timeframe and the 30pips (which isn't even part of the strategy which I was mentioning that I usually use but not going to use it here but yet you still talk about it for some reason) and mock the risk reward. All of this everyone had already talked about that a higher risk reward will be beneficial but we just wanted to see how this works and observe for the meantime. If you had started by reading the thread first you would have found 90% of what you are talking about we already discussed and what the 30pips you keep talking about no one is using that. We welcome your feedback but do read the whole thread first next time . I checked the London strategy I don't know if it's the one with only 2 pages.
"Cut your loses short and let the winners Run"
 
3
  • Post #276
  • Quote
  • Aug 7, 2020 4:36pm Aug 7, 2020 4:36pm
  •  Pip Bull
  • | Joined Dec 2011 | Status: Member | 114 Posts
Quoting redfan
Disliked
{quote} Can you please let me have your settings For the symbol change lux. I have a space between the pairs and the times buttons. I'm trying to make it a smallest possible, Thank you.
Ignored
Here's the settings.
Attached Image (click to enlarge)
Click to Enlarge

Name: SC_Luxmod Settings.GIF
Size: 77 KB
 
1
  • Post #277
  • Quote
  • Aug 7, 2020 4:36pm Aug 7, 2020 4:36pm
  •  LDFX
  • Joined Jul 2012 | Status: Member | 970 Posts
Quoting meck1
Disliked
{quote} The reason you are not getting alot of positive feedback from people here is how started your posts, you started by bashing the 5min timeframe and the 30pips (which isn't even part of the strategy which I was mentioning that I usually use but not going to use it here but yet you still talk about it for some reason) and mock the risk reward. All of this everyone had already talked about that a higher risk reward will be beneficial but we just wanted to see how this works and observe for the meantime. If you had started by reading the thread...
Ignored

As mentioned before, I did read all the thread.

If you were talking so much about a higher r:r ratio why was my post perceived as mocking instead of welcomed ?

I think I have made way better contributions so far than any other members being fooled by randomness trading it since a few weeks only.

Again, I am not gonna post anything more unless one of my post is quoted.

Good luck guys !
LDFX Trading Ltd
1
 
  • Post #278
  • Quote
  • Aug 7, 2020 5:06pm Aug 7, 2020 5:06pm
  •  meck1
  • Joined Nov 2018 | Status: Member | 244 Posts
Quoting LDFX
Disliked
{quote} As mentioned before, I did read all the thread. If you were talking so much about a higher r:r ratio why was my post perceived as mocking instead of welcomed ? I think I have made way better contributions so far than any other members being fooled by randomness trading it since a few weeks only. Again, I am not gonna post anything more unless one of my post is quoted. Good luck guys !
Ignored
We can't back test the strategy so we are forward testing it as per instructions and you are calling it random less trading? You are pretty full of your self. Do your thing bro
"Cut your loses short and let the winners Run"
 
 
  • Post #279
  • Quote
  • Aug 7, 2020 6:27pm Aug 7, 2020 6:27pm
  •  LDFX
  • Joined Jul 2012 | Status: Member | 970 Posts
P

Quoting meck1
Disliked
{quote} We can't back test the strategy so we are forward testing it as per instructions and you are calling it random less trading? You are pretty full of your self. Do your thing bro
Ignored

Forward testing is random, unless you have the commitment to do it for several months at least, which will give you a headache because you are gonna twist the “system” making your forward testing even more random.

Why can’t you take criticism? It should be constructive for you.

Anyway paper Trading is still an option, haven’t you committed to that already instead of saying that I am full of myself?

I already brought up some very “positive” arguments, that the trades you are taking are made only possible on a momentum day where the ADR is at its highest where all the smart money is entering the market, therefore taking a counter trade after a counter excursion of max 30 pips before to enter is total nonsense, because of macd ? Even worse !


I have given clues how to make it more profitable, such as entering on a pullback, using candlestick patterns instead of macd,
but still it is not “positive”...

If you think that such a mechanical “strategy” is going to work then you haven’t understood a bit about trading. For this to work you will have to have experience in FA and TA to know which trades to avoid, of course only if you use proper MM and high r:r ratio though. A good strategy is about the balance of being able to take trades systematically while avoiding trades in the same time. Because the trades you don’t take are more important, which is only possible with discretion which takes brain and experience.

The market is a very competitive business, it’s not about how good you are but how better you are, therefore a mechanical strategy hasn’t any edge in itself. You are going to experience that by yourself if you are passionated and dedicated enough.


Again, I am not going to post anything more unless one of my post is quoted.


Cheers,
LDFX Trading Ltd
1
1
  • Post #280
  • Quote
  • Aug 8, 2020 2:17am Aug 8, 2020 2:17am
  •  Beren
  • | Joined Jan 2019 | Status: Member | 67 Posts
Quoting LDFX
Disliked
P {quote} Forward testing is random, unless you have the commitment to do it for several months at least, which will give you a headache because you are gonna twist the “system” making your forward testing even more random. Why can’t you take criticism? It should be constructive for you. Anyway paper Trading is still an option, haven’t you committed to that already instead of saying that I am full of myself? I already brought up some very “positive” arguments, that the trades you are taking are made only possible on a momentum day where the ADR...
Ignored
What candlestick patterns do you use?
 
 
  • Trading Journals
  • /
  • Daily Trading Strategy [ADR + RSI = High Probability]
  • Reply to Thread
    • 1 1213Page 141516 46
    • 1 13Page 1415 46
0 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023