Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Average Daily Range (ADR) - code check 8 replies

ADR, AWR, AMR indicator showing the projected High/low? 1 reply

High ADR Pairs (with low spread) 1 reply

What's the logic behind ADR high/low indicators? 2 replies

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

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

Daily Trading Strategy [ADR + RSI = High Probability]

Quoting LDFX
{quote} Well this strategy has certainly not a hit rate of 40%, I will let you do the backtesting (on paper), my experience shared being called negative and trolling. How can you be able to have even a 1:2 risk:reward ratio when only getting in once a 20/30% negative excursion has occurred once the ADR has been reached ? You probably have been lucky because of the high volatility caused by low volume during the summer and the corona risk on/off shift occurring daily. Do the work M8 and you will realize that I was only telling the truth all along,...
to calculate a winrate you add the amount of won trades and divide by the total amount of trades taken then multiple by 100

so won trades (137 + 116) divided by total number of trades (137 + 55 + 116 + 28)


= 253/336 x 100%


=0.7529 x 100%


= 75% winrate


this is the winrate i got, may i please see the calculations of your 40% or you just picked up a random number?

I tried politely to ask for your help so that we make the system even more robust but you refuse and say " do the work m8" , so if you are not here to make the strategy better what are you doing on this page? if you feel that the strategy is terrible and you dont want to contribute then just dont follow the page and go to the thread with the successful strategy. Over here we are all new to this strategy we didnt even create it, the owner has been busy lately. So we are just backtesting and slowly finding ways to improve. Nothing is set to stone yet but everyone is just contributing. if all you do is criticise without offering any solutions then just politely keep your opinions to yourself. I really tried to rope you in after a bad start but clearly you dont want to be involved.

wish you success in your trading regardless tho.
"Cut your loses short and let the winners Run"
Quoting LDFX
{quote} I already shared the way to increase tremendously the r:r ratio in many previous posts..., as well as better entries confirmation. Thus by taking a 5/15 minutes candlestick pattern instead of macd/rsi and by a time entry (London close on pullback)
where dd you share this? i never saw this . can you qoute where you shared so i check it out on this thread?
"Cut your loses short and let the winners Run"
Quoting Ah-Ong
{quote} The youtuber said, close when NY end (whether it trigger or not). By this way the RRR may increased.
I was letting them run lol The OP has a point because alot of weird price action and spread increase happens during the rollover
"Cut your loses short and let the winners Run"
Quoting LDFX
{quote} Hello Broncoviz, thanks for your message. Like I said previously I won’t post anything new unless I am quoted because my posts where not tolerated being called negative. What is definitely wrong about the strategy shared is the 2 things ; 1) the negative (counter trend) excursion before to enter because of waiting on macd, it is like waiting the river in poker to unfold before to bet, nobody is gonna bet against you and your reward will be very small, the key is to anticipate. 2) 1:1 r:r ratio is totally absurd. In the London close strategy,...

1:1 is not so absurd. I have a profitable mean reversion strategy with stocks going backtested over 20 years that has a avg profit % less than avg loss %

However you have a point that we are in a higher volatility period. So definitely the strategy needs to be tested in lower volatility periods

Your improvement suggestions regarding london close are noted. Will definitely compare the changes to the current strategy when i have time
Just taking a look at this thread for the first time today, thanks to everyone who posted indicators and information

If I'm right, a short opportunity is forming on GBPCAD - it's passed 100% ADR and we were seeing RSI OB in the run up.

Now we just wait for the MACD LWMA to move past its previous cross, right?
Quoting sixbuttons
Just taking a look at this thread for the first time today, thanks to everyone who posted indicators and information If I'm right, a short opportunity is forming on GBPCAD - it's passed 100% ADR and we were seeing RSI OB in the run up. Now we just wait for the MACD LWMA to move past its previous cross, right?
Thats correct RSI met conditions also (sell signal). First signal for today...
Quoting sixbuttons
Just taking a look at this thread for the first time today, thanks to everyone who posted indicators and information If I'm right, a short opportunity is forming on GBPCAD - it's passed 100% ADR and we were seeing RSI OB in the run up. Now we just wait for the MACD LWMA to move past its previous cross, right?
about to post this, yeah im also onto this pair
Quoting sixbuttons
Just taking a look at this thread for the first time today, thanks to everyone who posted indicators and information If I'm right, a short opportunity is forming on GBPCAD - it's passed 100% ADR and we were seeing RSI OB in the run up. Now we just wait for the MACD LWMA to move past its previous cross, right?
++++++++++++++++++++++++++++

That covers it. close beyond MacD swing
[quote = werunaway; 13111327] Hej, to jest mój pierwszy post na ForexFactory. Wczoraj wszedłem do USDCAD, jednak to było dla mnie stracone, możesz skomentować mój wpis {image} [/ quote]


And for me, usd cad is still active. I just try not to lose.
Attached Image (click to enlarge)
Click to Enlarge Name: 55.PNG Size: 37 KB
GBPCAD short, gone for 1:2 RR
Attached Image (click to enlarge)
Click to Enlarge Name: in1.png Size: 20 KB
Observing the MACD slowing and possibly crossing back up shortly. If I was in profit (which I currently am) I might use that as a signal to move to break even, but as this is quite close to moving into negative territory does anyone use a cross back up to cut losses short?
Quoting sixbuttons
Observing the MACD slowing and possibly crossing back up shortly. If I was in profit (which I currently am) I might use that as a signal to move to break even, but as this is quite close to moving into negative territory does anyone use a cross back up to cut losses short?
i just leave the trade. lets see what will happen
[quote = meck1; 13110848] {quote} Jasne, posty zaczniemy ponownie od jutra. Podczas testowania wstecznego pojawią się również informacje, które znalazłem. [/ Quote]

I do not know your publications that you announced.
Hit 1:1 so I've moved to break even.
Hi everyone,
in my opinion a good percentage of trades has a big reversion that could drastically improve the total pips!!
I think to try to open 2 positions:
1- 1% 1:1
2- 0.01(depends on your wallet) and trailing SL 50%ADR(after capital preservation)
But I'm not a boss of money management
GBPCAD TP hit

Before
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD TEST BF.JPG Size: 111 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD TEST AFTER.JPG Size: 109 KB
"Cut your loses short and let the winners Run"
Quoting meck1
GBPCAD TP hit Before {image} After {image}
The 1:1 target seems like the smart play, especially with your past 20 days stats Meck. I guess I would like to see some sort of emergency stop for those wobblers and potential reverses.

At this point though I'm happy it went 1:1 and that I have the right idea around entries
Quoting sixbuttons
{quote} The 1:1 target seems like the smart play, especially with your past 20 days stats Meck. I guess I would like to see some sort of emergency stop for those wobblers and potential reverses. At this point though I'm happy it went 1:1 and that I have the right idea around entries
yea those wobblers are pretty irritating lol im going through alot of filters and just observing whilst the normal strategy runs. Hopefully we can make it more robust.
Attached Image (click to enlarge)
Click to Enlarge Name: ccjj.JPG Size: 172 KB
"Cut your loses short and let the winners Run"
ok People, let me tell you something, please. The idea of the EA is great I had the same idea a few years back. There are 2 problems. The first is that you need to understand when a pair is in an uptrend and in that case you need to look for higher timeframe than 5M to make more pips and not shorting this pair.
The second problem is when you get caught on a highly trending pair like the cross pair GBPAUD etc.
So finally the MM is what makes an EA winning or losing.
This EA and the idea the EA is based is great but I think it needs some adjustment from the owner
Quoting christos1967
ok People, let me tell you something, please. The idea of the EA is great I had the same idea a few years back. There are 2 problems. The first is that you need to understand when a pair is in an uptrend and in that case you need to look for higher timeframe than 5M to make more pips and not shorting this pair. The second problem is when you get caught on a highly trending pair like the cross pair GBPAUD etc. So finally the MM is what makes an EA winning or losing. This EA and the idea the EA is based is great but I think it needs some adjustment...
Yea trending pairs are a disaster with counter trading strategies, I was also thinking maybe taking trades which fulfill the requirements at a major S/R level maybe. That way the stop will be protected by the S/R level plus we'll be trading the bounces of those levels. Pretty good confluences.
"Cut your loses short and let the winners Run"
0 traders viewing now