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Daily Trading Strategy [ADR + RSI = High Probability]

  • #681
  • Sep 1, 2020 1:29am Sep 1, 2020 1:29am
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  • #682
  • Sep 1, 2020 4:00am Sep 1, 2020 4:00am
Quoting fdosanchez
[quote = NoobM; 13141420] {quote} ¿Qué R: R usualmente toma y cuánto pip establece para tp o sl? [/ quote] mi r:r minimo es 3 a 1, menos no entro en la operación, a veces salen r:r realmente increíbles de 8.1 incluso superiores, a modo ejemplo esta mañana tengo una entrada con rr 11 a 1 en Gbp JPY {image} Como sé que me van a preguntar por que he hecho esta entrada, la explico: He comprobado que cuando rompe N2 y este esta situado en la mitad de ADR High-Low, en un porcentaje altisimo hace el recorrido hasta 100% ADR,por lo tanto veo que el precio...
so basically when price goes through yellow N2 and still within ADR range, you will look to buy with entry above the N2. vice versa when price goes down, you will sell below the N2. Am i right ?
Nothing to learn here
  • #683
  • Sep 1, 2020 4:57am Sep 1, 2020 4:57am
[quote = NoobM; 13142201] {quote} así que básicamente cuando el precio pasa por el amarillo N2 y aún está dentro del rango ADR, buscará comprar con una entrada por encima del N2. viceversa, cuando el precio baje, venderá por debajo del N2. ¿Estoy en lo cierto? [/ Quote]

asi es, entro en el retesteo a N2 y me tiene que dar vela de entrada en M5 o m15, si no hay retesteo y vela de entrada noentro, sl justo debajo de la vela entrada y N2 , tp Adr hacia donde se dirige precio.
  • #684
  • Sep 1, 2020 5:16am Sep 1, 2020 5:16am
gbp-jpy tp reached, today i have made 26% profit so far, on all trades i risk 2% account, it is a demo account.

Not every day is the same, although what I like best about this trade is the risk/risk ratio which is very favourable.

It is too early to say that it is a winning strategy, it must be tested longer although it has one issue that I believe is powerful and that is the fact that believe it or not we work with price action as we work with supports and resistances and also with very, very good r:r.

An important point is that I have realised that the price when it goes very strong does not stop anyone, not even N2, nor supports and resistances however strong they may be, for that reason I look at a strength indicator that I have if a currency goes above level 8 or below level 1, I know that day is bullish and not for anyone and vice versa.

For example right now gbp is 8.7 strong I am sure that gbp today is not at all
CHf is 0.4 today is bearish all day
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  • #685
  • Sep 1, 2020 5:20am Sep 1, 2020 5:20am
Quoting fdosanchez
gbp-jpy tp reached, today i have made 26% profit so far, on all trades i risk 2% account, it is a demo account. Not every day is thoe same, although what I like best about this trade is the risk/risk ratio which is very favourable. It is too early to say that it is a winning strategy, it must be tested longer although it has one issue that I believe is powerful and that is the fact that believe it or not we work with price action as we work with supports and resistances and also with very, very good r:r. An important point is that I have realised...
What a useful indicator, could you share me this one please ?
Nothing to learn here
  • #686
  • Sep 1, 2020 5:51am Sep 1, 2020 5:51am
Just starting to read through this thread, looks promising. I sat down at the start of a new day, and within a few minutes I noticed the current range set by the indicator repaints as price moves...any ideas on how to deal with this?
With repainting, it makes backward testing impossible...
  • #687
  • Edited 6:48am Sep 1, 2020 5:58am | Edited 6:48am
[quote = NoobM; 13142368] {quote} Qué indicador tan útil, ¿podrías compartirme este por favor? [/ quote]

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File Type: ex4 Currency Strength - Giraia.ex4   30 KB | 399 downloads


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  • #688
  • Sep 1, 2020 4:30pm Sep 1, 2020 4:30pm
Quoting fdosanchez
gbp-jpy tp reached, today i have made 26% profit so far, on all trades i risk 2% account, it is a demo account. Not every day is the same, although what I like best about this trade is the risk/risk ratio which is very favourable. It is too early to say that it is a winning strategy, it must be tested longer although it has one issue that I believe is powerful and that is the fact that believe it or not we work with price action as we work with supports and resistances and also with very, very good r:r. An important point is that I have realised...
26% in a day ?! I make that in 3 months at best (with a max drawdown of 4%).

Well done for sure if risking 2% per trade initially...

If you don’t mind me asking, how much was your R:R ratio and how many pairs did you trade ?

It must for sure have been very correlated pairs, so your overall correlated risk (total exposure) was probably very high, no ?

Thanks in advance for your answer.
LDFX Trading Ltd
  • #689
  • Sep 1, 2020 7:12pm Sep 1, 2020 7:12pm
just try this system, seems positive
Nothing to learn here
  • #690
  • Sep 2, 2020 8:56am Sep 2, 2020 8:56am
Several of my current orders.
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  • #691
  • Sep 2, 2020 8:58am Sep 2, 2020 8:58am
And this week's story.
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  • #692
  • Sep 2, 2020 2:33pm Sep 2, 2020 2:33pm
Quoting Van Slobbee
hello all (especially for zoheb01, meck1 and jarass1080). thank you for sharing the trading system and the explanation. and I just tried this system, starting mid-August. And this is the result. My question ; how to use this system in mt5 ? and are there any expert advisors for this system (for mt4 or mt5) {image}
Hello Van Slobbee
Thank you for sharing your results
Did you trade the original system rules by zoheb01
Or did you modify/add different indicators ?
  • #693
  • Sep 2, 2020 11:19pm Sep 2, 2020 11:19pm
Quoting Jarass1080
And this week's story. {image}
great, keep it work
Nothing to learn here
  • #694
  • Sep 2, 2020 11:58pm Sep 2, 2020 11:58pm
Quoting Jarass1080
Several of my current orders. {image}{image}{image}
What do indicators have to show when reversing a trend?
Please excuse the bad English via Google Translate.
  • #695
  • Sep 3, 2020 1:02am Sep 3, 2020 1:02am
[quote = dokopy; 13146412] {quote} Co wskaźniki muszą pokazać przy odwracaniu trendu? [/ quote]

Buddy, reversing the trend, it's very hard. My work on perfecting this strategy is to capture the profile from the yellow line to the yellow line.
  • #696
  • Sep 3, 2020 1:10am Sep 3, 2020 1:10am
Quoting Jarass1080
[quote = dokopy; 13146412] {quote} Co wskaźniki muszą pokazać przy odwracaniu trendu? [/ quote] Buddy, reversing the trend, it's very hard. My work on perfecting this strategy is to capture the profile from the yellow line to the yellow line.
right, trading reversal near the highest of price with no R/S. You're incredible man. I have no ideal how you can do that
Nothing to learn here
  • #697
  • Sep 3, 2020 4:28am Sep 3, 2020 4:28am
1st trade with this system AUDCHF went well i took aggressive as it was only 93%
Now long GBPCHF
  • #698
  • Sep 3, 2020 4:39am Sep 3, 2020 4:39am
Quoting Jarass1080
And this week's story. {image}
What is your money management?
Do you play on a demo account?

For example, I have selected two transactions from your statement:

GBP / JPY on 31/08/2020 - before the trade started making money, you had over 110 pips lost
AUD/JPY on 31/08/2020- before the trade started making money, you had over 60 pips lost
  • #699
  • Sep 3, 2020 4:57am Sep 3, 2020 4:57am
[quote = pki87; 13146964] {quote} Jak zarządzasz swoimi pieniędzmi? Grasz na koncie demo? Na przykład, wybrałem dwie transakcje z Twojego wyciągu: GBP / JPY w dniu 31/08/2020 - zanim handel zaczął zarabiać, straciłeś ponad 110 pipsów AUD / JPY w dniu 31/08/2020 - zanim handel rozpoczął się pieniądze, straciłeś ponad 60 pipsów [/ quote]

Yes, it is true, but the loss is always greater or less. The items you listed were sell limit items, like most of my orders.
  • #700
  • Sep 3, 2020 7:14am Sep 3, 2020 7:14am
so is anyone worried about the indicator repainting? or do you use the previous day's set range so no need to worry about repainting?
thx for any info
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