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DHR - Daily Half Range Strategy

  • #61
  • Edited 7:54am May 15, 2023 7:37am | Edited 7:54am
EURUSD 15M, Done for today:

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Was a slow day, ADR(10) decreasing, until the News spike:
07:30am US time (not broker time), USD Empire State Manufacturing Index -31.8- 3.71 0.8 USD && FOMC Member Goolsbee Speaks
  • #62
  • May 15, 2023 8:09am May 15, 2023 8:09am
Agree.....
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  • #63
  • Edited 10:15am May 15, 2023 9:20am | Edited 10:15am
Good idea, simple volume indicator with multi time frame so daily volume can be seen on 15M chart. obviously the volume number will change over the course of the day.

I would suggest adding the auto refresh indicator found in post 1 to the chart, as well, so multi time indicators display correctly as they have to be updated / refresh regularly.

Attached File(s)
File Type: ex4 avr_mtf.ex4   11 KB | 241 downloads


Volume today only 42000 ish.

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  • #64
  • May 15, 2023 9:52am May 15, 2023 9:52am
Hi Ronin,
Thanks for your method, I realize it also work OK with gold, I've tried it today, with the absolute SL=3 price and TP ~ 2-4 price of gold. But most of the time it will hit the TP around 2 price of gold with high probability. Have you ever tried to test with another pairs, such as gold, indices like US500 or US30?
  • #65
  • May 15, 2023 9:58am May 15, 2023 9:58am
Quoting vanoxyz
Hi Ronin, Thanks for your method, I realize it also work OK with gold, I've tried it today, with the absolute SL=3 price and TP ~ 2-4 price of gold. But most of the time it will hit the TP around 2 price of gold with high probability. Have you ever tried to test with another pairs, such as gold, indices like US500 or US30?
Hi vanoxyz

No just focused on EURUSD but does not mean anyone else has too.

good luck
  • #66
  • May 15, 2023 11:42am May 15, 2023 11:42am
Quoting cpfleger
ct1942, See screenprint. cpfleger {image}
I hope ths explains it better
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  • #67
  • Edited 7:42am May 16, 2023 6:57am | Edited 7:42am
EURUSD 15M, loss for today.

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Just shy of the 5 pip mark, not enough volume and momentum.
Back testing the addition of volume as filter.
  • #68
  • May 16, 2023 7:10am May 16, 2023 7:10am
Adjust the Recipe....
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  • #69
  • Edited 9:30am May 16, 2023 8:46am | Edited 9:30am
Agree... Thank you for the encouragement.

I have updated the ADR Percentage EA. There was a techincal issue with how % ADR was interpreted on backtesting and manually checking numbers; together with the usual issues with MT4 tester.

Volume filter added. A daily volume of around 20,000 seems to be a minimum.

In order to use this EA, the accompanying indicator: Daily Range Half Line EA v2, must be in the MT4 indicator folder.

As before: This expert advisor is provided for testing purpose only using MT4 backtester and NOT demo and/or live trading. That would be very very foolish!

As always this thread is for educational purposes only and is not a recommendation / endorsement etc..... to trade the method presented.
Attached File(s)
File Type: ex4 Daily Range Half Line EA v2.ex4   14 KB | 267 downloads

Attachment 4
Attached File(s)
File Type: ex4 Percentage Daily ADR EA v2.ex4   119 KB | 267 downloads
  • #70
  • Edited 1:02pm May 16, 2023 9:09am | Edited 1:02pm
Well that was an unexpected tester result! 2023 so far only on EURUSD 15M, 50% ADR(10), Volume 20000, TP 5, SL 20, Time Filter 1 to 18.
Obviously tester result treated with extreme caution due to inherent issues with MT4 tester. Don't believe it, there are always losing trades.

Attached Image (click to enlarge)
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For some unknown reason today's trade was left out and would have been a SL Trade. MT4 tester is trying to fool me again.

I need to state for the record I do not believe the tester result but was fun to see.
  • #71
  • May 16, 2023 10:49am May 16, 2023 10:49am
hello guys,


I'm reading this strategy with interest, congratulations to all.
I am a speculator and a few questions popped into my mind and I would like to share my thoughts with you.
If we know that we have a negative RR but we have a very high probability in favor why not risk 70% per trade? if there is such an important consecutive win, it is better to take advantage of this..
I don't use the adr but the Asian box and I enter the breakout of a max or a min of the currency. Obviously yours is great
sorry for the bad english i use a translator please don't get me wrong
below I share my account roadmap with a 100% margin entry so as to have a 23% TP by making 4 few but constant levels per day and 121% per day which is not little
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  • #72
  • May 16, 2023 1:02pm May 16, 2023 1:02pm
Quoting js497
{quote} Oh i see, it was a suggestion from myself, and like im using my own on another platform, so i havent checked the mt4 version. Sorry :-) . {image}

Hi Js497, What is the name of the ind. in your screenshot?
  • #73
  • Edited 3:19am May 17, 2023 2:54am | Edited 3:19am
EURUSD 15M, Done for the day.

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Maybe need to add break-even for those trades that don't quite make the 5 pip target.
  • #74
  • May 17, 2023 4:34am May 17, 2023 4:34am
Quoting Ronin-
EURUSD 15M, Done for the day. {image} Maybe need to add break-even for those trades that don't quite make the 5 pip target.
Eurusd
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  • #75
  • May 17, 2023 4:50am May 17, 2023 4:50am
European Session is a great session for this System.
I do not wake up early enough but I watch and learn.
cpfleger
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  • #76
  • Edited 5:11am May 17, 2023 4:51am | Edited 5:11am
Quoting ahsan321
{quote} Eurusd {image}
Thanks for sharing. Please could we have commentary to the image.

This appears to be a totally different method to the DHR line method presented in this thread. The 50% ADR sell level was 1.08387 on EURUSD for a single 5 pip target in a day.

It appears multiple trades where taken at the cross of the daily open line and under a consolidation zone and are all in profit (which is great!).

Please stick to the method and rules presented in this thread. Thank you.

If other % ADRs are proving more succussful for a particular currency pair / market, or your able to get more pips based on TP / SL or another means such a trailing stop please share. The method can always be developed further and made more accurate.
  • #77
  • May 17, 2023 4:26pm May 17, 2023 4:26pm
DHR Line indicator updated. Version 6.00 available from post 1.

Please add auto refresh to chart as well to keep indicator updated.
  • #78
  • Edited 1:49am May 18, 2023 1:36am | Edited 1:49am
I had a thought / question.

The DHR Line indicator utilises todays ADR(10) value, but note the OGT ADR indicator uses yesterdays ADR value for today's value, is there a preference and what is the reason to use yesterdays value as we know todays ADR(10) value because it is an average. Todays value will include yesterdays value due to being a mean value.
  • #79
  • May 18, 2023 2:32am May 18, 2023 2:32am
could you to post a graph with buy and sell setup entry?
Guppy re-invented All Time Return: 83.3%
  • #80
  • May 18, 2023 2:41am May 18, 2023 2:41am
Quoting 8tango
could you to post a graph with buy and sell setup entry?

Post 61. Buy trade price crosses above blue line, dotted line above blue line is 5 pip target
https://www.forexfactory.com/thread/...6#post14426056

Post 73. Sell trade price crosses below red line, dotted line below red line is 5 pip target
https://www.forexfactory.com/thread/...0#post14428170
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