Strategy: Daily Range Spike and Pull Back | Page 3 | Forex Factory

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Strategy: Daily Range Spike and Pull Back

  • #41
  • Nov 10, 2020 7:59am Nov 10, 2020 7:59am
[quote = tarzon06; 13255764] {quote} quando il prezzo torna indietro di 50 pips o quando il prezzo si sposta di 50 pips dal giorno di apertura? [/ quote]

1º candle is up 80 pips; if the second next candle goes down from a minimum of 5 pips from the open line to maximum of 50 pips, you enter sell. The second candle has to confirm the inversion.

1º candle is bearish for 80 pips. Wait for the next candle going bullish from 5 pips to 50 pips. This is a confirmation for a long trade.

If the second candle goes on as the first candle, don´t open any trade. There is no confirmation.
  • #42
  • Nov 10, 2020 8:46am Nov 10, 2020 8:46am
Quoting MikeTapuz
{quote} Hi There. What do you mean by Basket Profit >= 2? Thank you.
When you've more than 02 trades and if total profit is bigger or equal 2$, you can Close All Trades.
  • #43
  • Nov 10, 2020 9:21am Nov 10, 2020 9:21am
Quoting cuongitl
{quote} When you've more than 02 trades and if total profit is bigger or equal 2$, you can Close All Trades.
Ok thank you.
Why do you define 2$? Weren't we talking about pips? And it depends on the currency, no? Is it a rule on the thumb, or have you got a more general rule?
  • #44
  • Nov 10, 2020 9:24am Nov 10, 2020 9:24am
Attached Image (click to enlarge)
Click to Enlarge Name: UJ TP HIT 1 DAY.JPG Size: 68 KB
tp hit
  • #45
  • Nov 10, 2020 9:51am Nov 10, 2020 9:51am
[quote = flashpaul; 13255908] [quote = tarzon06; 13255764] {quote} quando il prezzo torna indietro di 50 pips o quando il prezzo si sposta di 50 pips dal giorno di apertura? [/ quote] La bougie 1º est en hausse de 80 pips; si la deuxième bougie suivante passe d'un minimum de 5 pips de la ligne ouverte à un maximum de 50 pips, vous entrez vendre. La deuxième bougie doit confirmer l'inversion. La bougie 1º est baissière pour 80 pips. Attendez que la prochaine bougie devienne haussière de 5 pips à 50 pips. Ceci est une confirmation pour un échange long. Si la deuxième bougie est la première bougie, n'ouvrez aucun commerce. Il n'y a pas de confirmation. [/ Quote]


thank you so much.
  • #46
  • Nov 10, 2020 10:03am Nov 10, 2020 10:03am
Quoting MikeTapuz
{quote} Ok thank you. Why do you define 2$? Weren't we talking about pips? And it depends on the currency, no? Is it a rule on the thumb, or have you got a more general rule?
Reason: Get the money back as quickly as possible!

You can increase it if you want.
  • #47
  • Nov 10, 2020 10:14am Nov 10, 2020 10:14am
Quoting cuongitl
{quote} Reason: Get the money back as quickly as possible!
Ok, thank you! I understand, it makes sense.

Quoting cuongitl
{quote}You can increase it if you want.
But 2$, whatever the size of position is?
Say we've got $100,000 of EUR/USD exposed or $5,000 exposed, 2$ anyway?
And what if it's GBP/JPY?

Thank you again.
  • #48
  • Nov 10, 2020 10:40am Nov 10, 2020 10:40am
Quoting MikeTapuz
{quote} Ok, thank you! I understand, it makes sense. {quote} But 2$, whatever the size of position is? Say we've got $100,000 of EUR/USD exposed or $5,000 exposed, 2$ anyway? And what if it's GBP/JPY? Thank you again.
it's total profit by USD amount, so the currency pair doesn't make sense.

May be: 5$, 10$, 15$..... by you.

but, as I said: Get the money back as quickly as possible!
That'll keep your account safe.
  • #49
  • Nov 10, 2020 10:58am Nov 10, 2020 10:58am
Thank you for the answer and for the advices.
All green for us!
  • #50
  • Nov 10, 2020 8:39pm Nov 10, 2020 8:39pm
Today:

Attached Image
  • #51
  • Nov 10, 2020 11:37pm Nov 10, 2020 11:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: GA TP HIT.JPG Size: 72 KB
GA ...tp hit 50 pips
  • #52
  • Nov 11, 2020 3:16am Nov 11, 2020 3:16am
Quoting jong65
{image}GA ...tp hit 50 pips
nice
  • #53
  • Nov 11, 2020 3:17am Nov 11, 2020 3:17am
Quoting cuongitl
Today: {image}
please share this ea on your chart
  • #54
  • Nov 11, 2020 6:43am Nov 11, 2020 6:43am
Attached Image

Why these 2 pairs are not giving a signal?
Thanks
  • #55
  • Nov 11, 2020 7:41am Nov 11, 2020 7:41am
Quoting Cehraphaim
{image} Why these 2 pairs are not giving a signal? Thanks
Not met:
2/ Check Today pips: Price from Daily Open to current price (Bid/Ask)
  • #56
  • Nov 11, 2020 9:35am Nov 11, 2020 9:35am
Quoting Ashwani
{quote} please share this ea on your chart
PM me if you want to join the group to test it.
  • #57
  • Nov 11, 2020 11:00am Nov 11, 2020 11:00am
Attached Image (click to enlarge)
Click to Enlarge Name: GC.JPG Size: 76 KB
gc...50 pips tp
  • #58
  • Nov 12, 2020 3:27am Nov 12, 2020 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: EN 52 PIPS TP HIT 1 DAY.JPG Size: 79 KB
EN....52 PIPS... you got this one?
  • #59
  • Nov 12, 2020 3:33am Nov 12, 2020 3:33am
Attachment Gthis one is fail during the first day entry but now at 80 pips gain
  • #60
  • Nov 13, 2020 11:46pm Nov 13, 2020 11:46pm
Results by this strategy.

Attached Image


Hope you all have the good result.
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