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Attachments: DHR - Daily Half Range Strategy
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DHR - Daily Half Range Strategy

Quoting Ronin-
{file} {file} Use auto-refresh indicator to keep DHR lines updated. {file}
Hello!
Using 3 indicators from tpost#1 I see non changing hADR lines for days in strategy tester. Is it fixable? Or real time testing only?
Thank you!
Attached Image (click to enlarge)
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Quoting since80808
{quote} Hello! Using 3 indicators from tpost#1 I see non changing hADR lines for days in strategy tester. Is it fixable? Or real time testing only? Thank you! {image}
see post 42
Whenever there is any doubt, there is no doubt.
Quoting Ronin-
{quote} see post 42
Based right on it I tried to use every tick + visual mod. Indicators are in the template (tester is set to test some other ea with buttons for buy/sell).
But there is what I posted above: range is not changing during days.
Quoting since80808
{quote} Based right on it I tried to use every tick + visual mod. Indicators are in the template (tester is set to test some other ea with buttons for buy/sell). But there is what I posted above: range is not changing during days.
I will have a look if adding refresh rate to indicator helps. It is a daily indicator on a lower frame chart so may not resolve.

Hence needing auto refresh indicator on chart with DHR line indicator.
Whenever there is any doubt, there is no doubt.
Gents,
A potential autorefresh Indicator that works.
cpfleger
Attached File(s)
File Type: mq4 AutoRefresh v1.mq4   1 KB | 143 downloads
File Type: ex4 AutoRefresh v1.ex4   7 KB | 119 downloads
Quoting Ronin-
{quote} I will have a look if adding refresh rate to indicator helps. It is a daily indicator on a lower frame chart so may not resolve. Hence needing auto refresh indicator on chart with DHR line indicator.
Thank you
Quoting Erebus
scroll back and visually check this last week I set up the Fibonacci Tool to do the measurement
Quoting Ronin-
this method can not be backtested on the screen as the lines are dynamic and change during the course of the day
Hm
Quoting cpfleger
Gents, A potential autorefresh Indicator that works. cpfleger {file} {file}
Thanks but the same
Attached Image (click to enlarge)
Click to Enlarge Name: GUD_4838.jpg Size: 249 KB
Quoting since80808
{quote} {quote} Hm
They are two different tools displaying the same thing:

The Fibonacci tool is set up to cover 100% ADR(10) for each day. But will have to adjust as the high and low change during the course of the day. At the end of the day the 50% will be marked.

My indicator is setup only to find 50% mark as the high low range for the day develops (expands), and meets the ADR(10)/2. It is not known if the 50% line will be the buy or sell line. Hence dynamic and let the market tell us. I wanted the indicator to be a simple and easy to use tool hence only a buy / sell line and target lines

For example. If the ADR(10) is 100 pips, the 50% is 50 pips. At the start of the day, the buy line will be 50 pips above the low of the first candle and the sell will be 50 pips below the high. If the during the day the price moves up by say 25 pips the sell line will move up by 25 pips, so will be now be 25 pips for the high of the first candle of the day. Therefore the final resting place of lines each day can potentially be further than the 50% mark

Use the ocr adr indicator posted by erebus in this thread
Whenever there is any doubt, there is no doubt.
Quoting Ronin-
{quote} They are two different tools displaying the same thing: The Fibonacci tool is set up to cover 100% ADR(10) for each day. But will have to adjust as the high and low change during the course of the day. At the end of the day the 50% will be marked. My indicator is setup only to find 50% mark as the high low range for the day develops (expands), and meets the ADR(10)/2. It is not known if the 50% line will be the buy or sell line. Hence dynamic and let the market tell us. I wanted the indicator to be a simple and easy to use tool hence only...
You mention the sell line moving up, that's fine, but you should also confirm that while price is moving up, and doesn't make any new low, the Buy line will remain fixed at the 50 pips in your example, and provide the level for a pending buy order, or did I miss something?
Don't believe everything that you THINK
BuyDips,SellRips Return This Week: 4.7%
Quoting Erebus
{quote} You mention the sell line moving up, that's fine, but you should also confirm that while price is moving up, and doesn't make any new low, the Buy line will remain fixed at the 50 pips in your example, and provide the level for a pending buy order, or did I miss something?

That is correct.

If pending orders with 15 minute expiry are utilised on the 15 minute time frame chart the changes in the level of the lines can be visualized as in post 2#.

https://www.forexfactory.com/thread/...6#post14422456​​​​​​

Tend to trade the method manually as I want to see the price movement / action and if there are any improvements I can make / missing observations that would add value. The EA is used mainly to back test different ideas, such as incorporating currency strength etc...
Whenever there is any doubt, there is no doubt.
EURUSD 15M. Done for today. Waited for second test of 50% ADR(10).

Attached Image (click to enlarge)
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No trade yesterday as no strength, price was ranging in narrow band with no obvious direction of travel.

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When price starts touching emas and bouncing around time not to trade. Also on 1hr chart price is between 50 & 100 ema.

EMAs are not part of the method but help to determine whether to trade or not. I don't want to start adding indicators. Less is more.
Difficult to code this in indicator.
Whenever there is any doubt, there is no doubt.
Done too: +5 pips
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Is it possible to backtest this strategy with an EA or no?
Quoting 8tango
Is it possible to backtest this strategy with an EA or no?
Yes using an EA based on pending orders. It does still need some filters for trades meeting SL. Hence trading manually.

I have a list of work on indicator first as requested by others, such as refresh rate, and then will add the EA I use for testing so others can test and feedback improvements. I'm happy to share and work with others.

The method is not prefect but has merit, there are improvements to be made regarding defining trading and non-trading days in code.
Whenever there is any doubt, there is no doubt.
Update to DHR Line Indicator v6.00 to v7.00.

-Includes refresh rate for back testing.

-Incorporated currency strength indicator.

See post 1#
https://www.forexfactory.com/thread/...range-strategy
Whenever there is any doubt, there is no doubt.
Quoting Ronin-
Update to DHR Line Indicator v6.00 to v7.00. -Includes refresh rate for back testing. -Incorporated currency strength indicator. See post 1# https://www.forexfactory.com/thread/...range-strategy
Thank you Ronin. will give it a try
Observation and back testing has shown there is potentially an advantage to only enter buy trades when price is below the daily open price and vice versa.

Attached Image (click to enlarge)
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Can anyone else spot what might be a potential advantage from the image??????

The research continues.......
Whenever there is any doubt, there is no doubt.
Quoting Erebus
{quote} I use Daily Line Boxes indicator, the updated version is awesome and free here on FF, also has an On/Off button function. Also watch last week's high and low for interest. Look at this GBPNZD just destroying the price action, now 200% ADR(10) {image}
I am not able to find Daily Linex Boxes v2 in internet.
Could you share your template file?
Thanks.
Quoting BfromG
{quote} Je n'arrive pas à trouver les Daily Linex Boxes v2 sur Internet. Pourriez-vous partager votre fichier de modèle ? Merci.
See here :
https://www.forexfactory.com/search?searchid=43496810

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