I have been investing a lot of time over the last few months in regards to producing Daily Range strategies that consistently return positive results.
Micardo has a thread on Daily Range strategies that is well worth the time to read. I have started a new thread here, so not to confuse the ongoing thread of Micardo's and focus around the Batfink System.
Attached is a document I have put together that uses one of these strategies. I have chosen this one to keep the risk low and limit reverse trades and drawdown of account. I have also added visual indicators for the system and instructions can be found in the attached document.
Feel free to offer suggestions of improvement for this system or modify for your own use. Sending this out to the masses for testing and coming up with additional improvements can only serve to improve.
Adding multiple indicators etc is not really the essence of this system and the last thing I want is this system go down the adding so many bloody indicators thst the essence of system is lost. I would prefer improvements to be around price action, stop-loss and trend trading improvements however indicator discussions are also welcome but should be pursued at the daily timeframe as any less will only serve to miss trades and enter late.
Feel free to pull me up on any mistakes.
For those presently using the London Open and 3 lots I am also finaliseing a document for this system and wil place in Micardo's thread http://www.forexfactory.com/forexfor...ead.php?t=9286 as most of the discussion around this strategy seems to be here.
Cheers
Micardo has a thread on Daily Range strategies that is well worth the time to read. I have started a new thread here, so not to confuse the ongoing thread of Micardo's and focus around the Batfink System.
Attached is a document I have put together that uses one of these strategies. I have chosen this one to keep the risk low and limit reverse trades and drawdown of account. I have also added visual indicators for the system and instructions can be found in the attached document.
Feel free to offer suggestions of improvement for this system or modify for your own use. Sending this out to the masses for testing and coming up with additional improvements can only serve to improve.
Adding multiple indicators etc is not really the essence of this system and the last thing I want is this system go down the adding so many bloody indicators thst the essence of system is lost. I would prefer improvements to be around price action, stop-loss and trend trading improvements however indicator discussions are also welcome but should be pursued at the daily timeframe as any less will only serve to miss trades and enter late.
Feel free to pull me up on any mistakes.
For those presently using the London Open and 3 lots I am also finaliseing a document for this system and wil place in Micardo's thread http://www.forexfactory.com/forexfor...ead.php?t=9286 as most of the discussion around this strategy seems to be here.
Cheers
Attached File(s)
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