Strategy: Daily Range Spike and Pull Back | Page 4 | Forex Factory

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Strategy: Daily Range Spike and Pull Back

  • #61
  • Nov 14, 2020 1:25am Nov 14, 2020 1:25am
Can you share filters?
  • #62
  • Nov 14, 2020 6:21am Nov 14, 2020 6:21am
Nice results. Don't you have a myfxbook page to back them up?
  • #63
  • Nov 15, 2020 8:40am Nov 15, 2020 8:40am
Quoting cuongitl
Results by this strategy. {image} Hope you all have the good result.
whats you position sizing per trade base on your equity? if your equity is 5k?
  • #64
  • Nov 15, 2020 2:50pm Nov 15, 2020 2:50pm
Hello coungitl, Do you put stop orders at exact pip distance from daily open or you check the today candles at exact time every day and enter the trade if the price is in distance of 5 to 50 pips from daily open?
  • #65
  • Nov 16, 2020 12:44am Nov 16, 2020 12:44am
Quoting chontenchj12
Can you share filters?
you means the indicator to filter? Check #1 post, please.
  • #66
  • Nov 16, 2020 12:45am Nov 16, 2020 12:45am
Quoting jong65
{quote} whats you position sizing per trade base on your equity? if your equity is 5k?
My formula: Lotsize = AccountBalance * (RiskPercent / (100 *AccountLeverage))
  • #67
  • Nov 16, 2020 12:48am Nov 16, 2020 12:48am
Quoting kasrafx
Hello coungitl, Do you put stop orders at exact pip distance from daily open or you check the today candles at exact time every day and enter the trade if the price is in distance of 5 to 50 pips from daily open?
Hi kasrafx,
I don't use stop orders.
Whenever the conditions are met, I will enter the trade.
  • #68
  • Nov 17, 2020 12:40am Nov 17, 2020 12:40am
Nice strategy you've got here. Can you share more chart images with explanations. Still trying to get a grip of how it works. Also whats your take on a $100 capital?
  • #69
  • Nov 17, 2020 12:56am Nov 17, 2020 12:56am
This strategy performs well under normal market conditions, especially volatile market conditions, but the drawdown in extreme market conditions will be large (for example, in March this year), so fund management is particularly important. If the number of lots is small, the profit will be relatively limited. , I don’t know how to solve this problem. In addition, the server time is different, and the data obtained is different. I only have one pair that exceeds 100 points today. The server time is different and the result will be different.
Attached Image
  • #70
  • Nov 17, 2020 6:53am Nov 17, 2020 6:53am
Quoting jw0104
This strategy performs well under normal market conditions, especially volatile market conditions, but the drawdown in extreme market conditions will be large (for example, in March this year), so fund management is particularly important. If the number of lots is small, the profit will be relatively limited. , I don’t know how to solve this problem. In addition, the server time is different, and the data obtained is different. I only have one pair that exceeds 100 points today. The server time is different and the result will be different. {image}...
MM is very important with this strategy.
This is the signal today.
I'm used yesterday range = 80
Attached Image
  • #71
  • Nov 17, 2020 7:03am Nov 17, 2020 7:03am
Quoting jeedy
Nice strategy you've got here. Can you share more chart images with explanations. Still trying to get a grip of how it works. Also whats your take on a $100 capital?
My rule is very easy, you can use my indicator to find the signal.

You means you've only 100$ ?
  • #72
  • Nov 17, 2020 7:45am Nov 17, 2020 7:45am
Quoting cuongitl
{quote} MM is very important with this strategy. This is the signal today. I'm used yesterday range = 80 {image}
Hi sir, can u tell me the name of that indicator?? , many thanks.
  • #73
  • Nov 19, 2020 10:10pm Nov 19, 2020 10:10pm
Quoting odc1977
{quote} Hi sir, can u tell me the name of that indicator?? , many thanks.
Check #1 post
  • #74
  • Nov 19, 2020 10:12pm Nov 19, 2020 10:12pm
Attached Image



(*) Forex Trading Profit Tracker: https://www.mql5.com/en/market/product/39113
  • #75
  • Nov 19, 2020 11:58pm Nov 19, 2020 11:58pm
Quoting cuongitl
{quote} My rule is very easy, you can use my indicator to find the signal. You means you've only 100$ ?
Yeah. Does the strategy work for small accounts?
  • #76
  • Nov 20, 2020 2:08am Nov 20, 2020 2:08am
Quoting jeedy
{quote} Yeah. Does the strategy work for small accounts?
OK with account size ~ 1000$.

Attached Image


I'm not sure about these accounts too small, so I suggest using the cent account.
  • #77
  • Nov 20, 2020 8:38am Nov 20, 2020 8:38am
Quoting cuongitl
{quote} MM is very important with this strategy. This is the signal today. I'm used yesterday range = 80 {image}
Can you share this dashboard
Trade Without Fear
  • #78
  • Nov 20, 2020 9:54am Nov 20, 2020 9:54am
Just testing
Attached Image (click to enlarge)
Click to Enlarge Name: DRS.png Size: 11 KB
  • #79
  • Nov 20, 2020 6:13pm Nov 20, 2020 6:13pm
Quoting cuongitl
{quote} Which part don't you understand?
If I understood the strategy correctly these are the valid/invalid cases for a short position!!!

Attached Image (click to enlarge)
Click to Enlarge Name: Daily Range Spike and Pull Back.png Size: 43 KB

Am I right ? We should enter the position only if the current price is between 5 and 50 pips
  • #80
  • Edited 11:20am Nov 21, 2020 11:00am | Edited 11:20am
Hi Cuongitl,

Any idea for Gold/XAUUSD Range Spike setting?.....I mean yesterday's range....
You do good, Good will come to you. Self deception never succeed.
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