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

Ronin,
Green Arrow paints on 5M TF but not 15M.
Please investigate asap.
cpfleger
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Ronin,
I will check MA's.
cpfleger
Quoting cpfleger
Ronin, Green Arrow paints on 5M TF but not 15M. Please investigate asap. cpfleger {image}
Is this after turning off the MA Filter?
"Whenever there is any doubt, there is no doubt."
Ronin,
MA Filter was set TRUE.
I turned off MA Filter and removed Arrow colors to focus only on entry and TP Lines due to me previous Indicators and settings.
Works better for my old eyes..
cpfleger
Quoting cpfleger
Ronin, MA Filter was set TRUE. I turned off MA Filter and removed Arrow colors to focus only on entry and TP Lines due to me previous Indicators and settings. Works better for my old eyes.. cpfleger
Phew..... At least not a coding error. Good.

I added some extras into the indicator to allow for filtering of signals. Trying to make the method as consistent as possible.

Will add a boolean to ture the strength meter on / off on next version.
"Whenever there is any doubt, there is no doubt."
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Quoting Ronin-
EURUSD 15M, Done for the day. Have a great weekend. See you next week. {image} Slow going today as waiting for news. Price returning to area of S/R from yesterday so wary. Price had some room to previous day high. Used strength to confirm trade, was + 0.3 difference. 1M chart suggested beginning to be over bought so was wary. Was looking to move SL manually to break even as price hovered around 3 pip profit mark for awhile.
When did you open this trade?

My trade today: +5 pips. I opened the trade at the close of the M15 bar which made the buy signal.
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Quoting 8tango
{quote} When did you open this trade? My trade today: +5 pips. I opened the trade at the close of the M15 bar which made the buy signal. {image}
Opened the trade as the candle crossed the line from below.
I don't wait for the candle to close and then enter, that is my preference.
"Whenever there is any doubt, there is no doubt."
Ronin,
I agree with opening a trade when a candle touches either Line and I was wondering if there is an Alert that can be added to your system to open a trade automatically???
cpfleger
Quoting cpfleger
Ronin, I agree with opening a trade when a candle touches either Line and I was wondering if there is an Alert that can be added to your system to open a trade automatically??? cpfleger
Ok, in this case it would be preferable to trade with smaller timeframe (M1 or M5), no?
Quoting cpfleger
Ronin, I agree with opening a trade when a candle touches either Line and I was wondering if there is an Alert that can be added to your system to open a trade automatically??? cpfleger
Yes was thinking about that. A semi automated version. As still needs human input to determine if trade is worth taking.

There are a few of us looked at an EA for the method.

Maybe I will share my EA based on pending orders.
"Whenever there is any doubt, there is no doubt."
Quoting 8tango
{quote} Ok, in this case it would be preferable to trade with smaller timeframe (M1 or M5), no?
Can do, makes no difference. The close will cross line on all timeframes at the same time.

I prefer the 15M chart because lower timeframes have a lot of noise. I sometimes check the 1-5M chart or higher time frames, like today, as price was wandering about so wanted to check at lower time frame if there was enough momentum. Price was starting to level out and as the M1 counter trend method details price beginning to be at the high of a cycle.

Also noticed what happened when the US Market opened.
"Whenever there is any doubt, there is no doubt."
Ronin,
Preferred is 5M TF....
cpfleger
  • Post #174
  • Quote
  • Edited 11:00am May 26, 2023 10:40am | Edited 11:00am
The Method is based on 15M timeframe as per rules in post 1#

Thank you.
"Whenever there is any doubt, there is no doubt."
Ronin,
Is the EA hardcoded to work with EURUSD only or can I experiment with other pairs?
Thanks for your work, grea idea !
  • Post #176
  • Quote
  • Edited 11:11am May 26, 2023 11:01am | Edited 11:11am
Quoting thomasmore
Ronin, Is the EA hardcoded to work with EURUSD only or can I experiment with other pairs? Thanks for your work, grea idea !
No the Indicator and EA are not. My preference is EURUSD. Please try other pairs, ensure they have low spread 1-2 pips.
"Whenever there is any doubt, there is no doubt."
Quoting jeffho1992
{quote} I dont use the sleep function Since we have a trading time range, I set a falt(T/F) for it
Thanks will give it a try.
"Whenever there is any doubt, there is no doubt."
Quoting Ronin-
{quote} Opened the trade as the candle crossed the line from below. I don't wait for the candle to close and then enter, that is my preference.
Hi, if we enter at touch of line instead of candle close above (or below) the line, the TF doesn't make any difference, right?
Quoting BfromG
{quote} Hi, if we enter at touch of line instead of candle close above (or below) the line, the TF doesn't make any difference, right?
If trading the method as per rules, the target is 5 pips.
If the candles closes above / below and then enter trade, spread will mean the target is 2-3 pips, not 5 pips, depending on your broker as trade is entered at ask / bid price, not close price. I have stated this in a previous post regarding version 9 of indicator.
"Whenever there is any doubt, there is no doubt."
Quoting BfromG
{quote} Hi, if we enter at touch of line instead of candle close above (or below) the line, the TF doesn't make any difference, right?
Thanks for the answer and sorry.
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