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Strategy: Daily Range Spike and Pull Back 157 replies

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Attachments: DHR - Daily Half Range Strategy
Exit Attachments

DHR - Daily Half Range Strategy

Quoting BfromG
{quote} Well, I meant touch of line + some pips.
Sorry, I really don't understand the question. If touch of line and some pips your past the 5 pip target.

Not discussing any further.
"Whenever there is any doubt, there is no doubt."
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}
Hi 8tango, Thanks for following the thread. I wanted to reply in more detail, but time did not allow. I hope this answers your questions.

Apologises for typos, been a long day.

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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."
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
"Whenever there is any doubt, there is no doubt."
Quoting cpfleger
Messieurs, ma dernière version... {image}
Please do you have the MT5 version of this indicator?
Quoting Kellytrade69
{quote} Please do you have the MT5 version of this indicator?
pas à l'heure actuelle, peut-être dans le futur. Je n'ai pas encore migré vers mt5.
"Whenever there is any doubt, there is no doubt."
EURUSD 15M, no trade yet....
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ATR Filter turned on: ATR(10) H1 still flat, so momentum lacking, no signal.

Still a slow day, so no trade today. Done for the day.

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"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.

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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.

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"Whenever there is any doubt, there is no doubt."
EURUSD 15M, Done for the day:

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Early European move today
Strong downward trend and strength.
ADR(10)H1 increasing.
"Whenever there is any doubt, there is no doubt."
  • Post #189
  • Quote
  • Edited 3:30am May 31, 2:21am (29 hr ago) | Edited 3:30am
EURUSD 15M, TP Trade but missed as not in the room; it happens. May try and find a trdae on anothe pair....
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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."
  • Post #190
  • Quote
  • Edited 3:57am May 31, 3:40am (28 hr ago) | Edited 3:57am
May 2023 Stats:

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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."
  • Post #191
  • Quote
  • May 31, 3:59am (27 hr ago) May 31, 3:59am (27 hr ago)
I added some filters and add a money management system on it
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  • Post #192
  • Quote
  • Edited 5:07am May 31, 4:04am (27 hr ago) | Edited 5:07am
Quoting jeffho1992
I added some filters and add a money management system on it {image} {image}
That is impressive.
"Whenever there is any doubt, there is no doubt."
  • Post #193
  • Quote
  • May 31, 5:08am (26 hr ago) May 31, 5:08am (26 hr ago)
Quoting Ronin-
{quote} That is impressive.
Hi,
I use RSI as a filter and as you see I only play with short part
But I am sorry I cannot share my MM for free
  • Post #194
  • Quote
  • May 31, 5:24am (26 hr ago) May 31, 5:24am (26 hr ago)
Quoting jeffho1992
{quote} Hi, I use RSI as a filter and as you see I only play with short part But I am sorry I cannot share my MM for free
So you are happy to piggy back of a free system, but not share your improvements freely?! Haha
  • Post #195
  • Quote
  • May 31, 5:57am (25 hr ago) May 31, 5:57am (25 hr ago)
Hi Ronin,
For the RSI, I use RSI 14 <80 entry
  • Post #196
  • Quote
  • May 31, 5:57am (25 hr ago) May 31, 5:57am (25 hr ago)
Quoting Silkysilv
{quote} So you are happy to piggy back of a free system, but not share your improvements freely?! Haha
Isn't normal to not share the MM part.....? haha
  • Post #197
  • Quote
  • May 31, 7:28am (24 hr ago) May 31, 7:28am (24 hr ago)
Quoting jeffho1992
{quote} Hi, I use RSI as a filter and as you see I only play with short part But I am sorry I cannot share my MM for free
JJJ bad boy
ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
  • Post #198
  • Quote
  • Edited 10:07am May 31, 8:12am (23 hr ago) | Edited 10:07am
The method was shared knowing that others may add value but not share any / all of the methodology improvements; that was the risk.

If those that improve the method can share with me / us, either on the thread and/or via PM, that would be honourable and in the same spirit in which the method was shared; but can not be expected as everyone is different. Their decision to share or not too must also be honoured.

Lets continue working together and improving the method.

Personally, I would prefer the method to include buy and sell trades with money management but filter out the low volatility days. This is difficult as a low volatility day can only be known on the day and is multifactoral.
&quot;Whenever there is any doubt, there is no doubt.&quot;
  • Post #199
  • Quote
  • Edited 9:57am May 31, 9:43am (22 hr ago) | Edited 9:57am
EURUSD 15M.

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Not as per rules as ADR significantly above the 50% mark, but made up for missing trade at start of European session. Done for the day.
&quot;Whenever there is any doubt, there is no doubt.&quot;
EURUSD slow day so far waiting for news:

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&quot;Whenever there is any doubt, there is no doubt.&quot;
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