"Whenever there is any doubt, there is no doubt."
{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}
Apologises for typos, been a long day.
Also notice what happens when the US Market opens due to the news prior to market open. So it was safer to take 5 pips and go....
Fridays tend to be US news days so need to be wary.
"Whenever there is any doubt, there is no doubt."
Q&A Session:
Q5) Why Only One Trade a Day?
A5) The 50% ADR(period) (or any other % ADR(period) chosen), point can only be reached / passed through once in a given day; therefore a single trade.
Which ever line price crosses first will be the ADR(10) 50% mark.
No guessing, price shows us the direction and potential entry point. Whether to take the trade depends on your probablity and risk analysis.
Q6) Why is buy line (blue) sometimes below the open price of the day and vice versa for the sell line (red)?
A6) The buy line is calculated from the low of the day plus 50% of ADR(10). If the distance between the open of the day and the low of day is greater than the 50% ADR(10), (or any other % ADR(period) chosen), the buy line will be positioned below the open of day. Vice versa for the sell line. This is why the method can not be back tested by looking at charts.
Q5) Why Only One Trade a Day?
A5) The 50% ADR(period) (or any other % ADR(period) chosen), point can only be reached / passed through once in a given day; therefore a single trade.
Which ever line price crosses first will be the ADR(10) 50% mark.
No guessing, price shows us the direction and potential entry point. Whether to take the trade depends on your probablity and risk analysis.
Q6) Why is buy line (blue) sometimes below the open price of the day and vice versa for the sell line (red)?
A6) The buy line is calculated from the low of the day plus 50% of ADR(10). If the distance between the open of the day and the low of day is greater than the 50% ADR(10), (or any other % ADR(period) chosen), the buy line will be positioned below the open of day. Vice versa for the sell line. This is why the method can not be back tested by looking at charts.
"Whenever there is any doubt, there is no doubt."
EURUSD 15M, TP Trade but missed as not in the room; it happens. May try and find a trdae on anothe pair.... 
Another Early European move today
Strong downward trend and strength.
Trying to recapture yesterday 's low. ~1.06730
ADR(10)H1 increasing.
Another Early European move today
Strong downward trend and strength.
Trying to recapture yesterday 's low. ~1.06730
ADR(10)H1 increasing.
"Whenever there is any doubt, there is no doubt."
May 2023 Stats:
Key:
EA = Expert Advisor
NT = No Trade
Y = Trade opened
N = No Trade opened
Live manual and EA trading started on 11 May 23.
The EA took three trades on days of low volatility, that I could see should not be traded.
The 16 May SL trade was a market spike and could not be avoided. From the new schedule there was no high impact news on this day.
The 23 May trade for EA hit SL due to pullback after first touch of sell line. Manual trade was taken on retest of the sell line. Hence EA hit SL, Manual hit TP.
Manual trade missed on 31 May 23, but would have hit TP. Not included in stats.
This means manual trading would be in profit and EA trading in loss for May 23; due to the required size of the SL.
More work needed on EA.
Ideas to improve the method are welcomed.
Key:
EA = Expert Advisor
NT = No Trade
Y = Trade opened
N = No Trade opened
Live manual and EA trading started on 11 May 23.
The EA took three trades on days of low volatility, that I could see should not be traded.
The 16 May SL trade was a market spike and could not be avoided. From the new schedule there was no high impact news on this day.
The 23 May trade for EA hit SL due to pullback after first touch of sell line. Manual trade was taken on retest of the sell line. Hence EA hit SL, Manual hit TP.
Manual trade missed on 31 May 23, but would have hit TP. Not included in stats.
This means manual trading would be in profit and EA trading in loss for May 23; due to the required size of the SL.
More work needed on EA.
Ideas to improve the method are welcomed.
"Whenever there is any doubt, there is no doubt."
- | New Member | Status: Member | 10 Posts
I added some filters and add a money management system on it
