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Attachments: Daylight Trading Strategy
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Daylight Trading Strategy

Thanks a million Laura for this simple and yet a very dynamic system.
You MUST have had in mind the interest of newbies in coming up with this strategy.
But please can it be used with the candlesticks? Can we have a template with a candlestick
if you wouldn't mind?
Quoting Glorybound
Thanks a million Laura for this simple and yet a very dynamic system. You MUST have had in mind the interest of newbies in coming up with this strategy. But please can it be used with the candlesticks? Can we have a template with a candlestick if you wouldn't mind?
Hi,

Glad you like it.

Once you load my template, just change from bars to candles and then re-save template.
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an entry short on eurusd (daily) could be attemptee
Quoting LauraT
Hi everyone, When I released Roadmap ( https://www.forexfactory.com/thread/...o-read-markets ), I was conscious that it was a strategy which required a fair amount of discretion/judgement. I still receive many messages from people who are successfully trading using Roadmap, which is great. However, I wanted to also provide one of my other strategies for those who might prefer a more rules-based approach. Welcome to Daylight. This is a strategy with clear entry rules, various exit options and no non-standard indicators....
Subscribed! Keep working!
Gold long.

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Took a test drive with a first trade on EURJPY, had a small target as I was seeing some resistance to the left and this was my first attempt on this method. Got to TP pretty quickly.

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Also had an EJ long

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Quoting LauraT
Also had an EJ long {image}

Hi what was the basis for closing the deal ??
Hey, for those on Tradingview dont worry, like the Roadmap I will have a fully working Daylight set later, also will post the Roadmap one as Ive been testing it properly, should be no later than tomorrow so stay tuned.
yes, indeed interesting trading ideas. always an inspiration, laura;-)
trading is like dancing, don't think and just listen to the music!
Quoting LauraT
{quote} Hi, Glad you like it. Once you load my template, just change from bars to candles and then re-save template.
Wonderful! Just like that! Thank you so much. Never thought of that!
Quoting Nolan38
{quote} Hi what was the basis for closing the deal ??
Hi,

Price spiked up in my favour and I tend to bank profit when that happens, due to likelihood of retracement. With hindsight, it kept going and I could have got more out of it but I'm happy enough with what I banked.
Quoting pedrobhs
Hey, for those on Tradingview dont worry, like the Roadmap I will have a fully working Daylight set later, also will post the Roadmap one as Ive been testing it properly, should be no later than tomorrow so stay tuned.
That'll be much appreciated, thank you. I'll add a link to the first post when it's ready.
Hi Laura! The settings of the ma's in the williams%, are the set to closed or previuos indicators data? Thanks and have a nice evening!!
Timeframes

Although I still prefer the 15m timeframe for most forex pairs, I do acknowledge that indices can easily be traded on the 5m timeframe. See below for today's action on 5m.

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Because indices move much quicker than forex pairs (relatively speaking, most of the time), there is a risk that 15m can get you into moves a little late. I'll edit earlier post to reflect this new advice.
Quoting Goyatrade
Hi Laura! The settings of the ma's in the williams%, are the set to closed or previuos indicators data? Thanks and have a nice evening!!
Hi,

Set both to First Indicator Data after you've dragged them onto the Williams %R sub-window.
Maybe this will be hateful...
Attached File(s)
File Type: ex4 2MA_Crossover-Update.ex4   20 KB | 435 downloads
File Type: mq4 2MA_Crossover-Update.mq4   8 KB | 513 downloads
Quoting marzinsz
Maybe this will be hateful... {file} {file}
??
  • Post #39
  • Quote
  • Edited 3:24pm Jun 7, 2021 2:32pm | Edited 3:24pm
Hey Laura,

Thanks for sharing this system. I love scalping =) Wanted to ask small question. So how much daylight do you want to see on williams? Sometimes there is almost no daylight for the best entries to take. Do you ever switch timeframe to 5 minutes? Or you are always stick to 15 minute time frame and not flipping timeframes for other confirmations?

Looks pretty good. Do you try to TP 1:2 risk reward as well? Or TP is more about you feeling of the trade and PA?
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Quoting LauraT
EU long. {image}
Where was your stop loss on this one? Or you trade with no stop loss?
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