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DHR - Daily Half Range Strategy

  • #221
  • Edited 5:50am Jun 2, 2023 5:08am | Edited 5:50am
Quoting cpfleger
Daily thank you to Ronin..... {image}

Thank you for the kind words.

I realised yesterday this method may potentially have a role as a training aid; which was not my intention.

It teaches patience, reading of the market, not to over trade, accepting some days are a write off / loss and being consistent; in my opinion. Others may not agree and that is ok.

I'm still learning from the method and I invented it. It has helped me read the market better, deciding when not to trade and walk away for the day.
  • #222
  • Jun 2, 2023 6:11am Jun 2, 2023 6:11am
HI.
Could you put a set and minimum of procedure to test your EA?
I put the exe on trading system;
I put the indicator on indicators...but it doesn't make any trades.
Thank you!
  • #223
  • Jun 2, 2023 6:40am Jun 2, 2023 6:40am
Quoting frankeko
HI. Could you put a set and minimum of procedure to test your EA? I put the exe on trading system; I put the indicator on indicators...but it doesn't make any trades. Thank you!
Try MT4 Strategy Tester and look at tabs for errors.

At the present time this is a manual method. The EA needs further work when time allows.
  • #224
  • Jun 2, 2023 7:53am Jun 2, 2023 7:53am
EURUSD 15M. Done for the day. Have a great weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB


Never trade the inital spike, too risky and spread too wide; going to get caught out.
Wait for next candle see if there is a retest of the sell line.
  • #225
  • Jun 3, 2023 1:01am Jun 3, 2023 1:01am
It really worked. i just enter orders... thn
Attached Image (click to enlarge)
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  • #226
  • Jun 4, 2023 9:15am Jun 4, 2023 9:15am
Hi all,
I am still working on this. The bitter true is that we need to fliter/fix the "flating" issue since 2015, then it will become a very good strategy.
  • #227
  • Jun 4, 2023 11:03pm Jun 4, 2023 11:03pm
Hi Ronin,

Could you please share the template on 15min tf. thanks in advance

Quoting Ronin-
EURUSD 15M. Done for the day. Have a great weekend. {image} Never trade the inital spike, too risky and spread too wide; going to get caught out. Wait for next candle see if there is a retest of the sell line.
  • #228
  • Edited 3:10am Jun 5, 2023 2:15am | Edited 3:10am
Quoting smartvin
Hi Ronin, Could you please share the template on 15min tf. thanks in advance {quote}

Hi smartvin, I will add a template to post 1# in the next few days when time allows. Please be aware templates do not always load the same on different terminals.

Currently trying to code alert for strength meter into DHR Line Indicator; but takes time.........
  • #229
  • Edited Jun 6, 2023 4:57am Jun 5, 2023 9:37am | Edited Jun 6, 2023 4:57am
EURUSD 15M: SL today, moved SL to 5 pips as price did not have enough momentum to reach TP. Done for today.

Apologises no image as no access to computer.
  • #230
  • Jun 5, 2023 5:53pm Jun 5, 2023 5:53pm
Thanks Ronin
Quoting Ronin-
{quote} Hi smartvin, I will add a template to post 1# in the next few days when time allows. Please be aware templates do not always load the same on different terminals. Currently trying to code alert for strength meter into DHR Line Indicator; but takes time.........
  • #231
  • Edited 5:11am Jun 6, 2023 4:21am | Edited 5:11am
EURUSD 15M. Done for the day.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB



USD Strength
Price below both MAs.
Potential retest of yesterday's low.
ATR(10) H1 increaseing

a bit later.......

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #232
  • Edited 5:14am Jun 6, 2023 4:28am | Edited 5:14am
The main issue, when price is at the buy / sell line is whether there is enough momentum to carry price over the 5 pip target line or not. This can be difficult to assess on some occassions; when the market is wandering slowly in a direction or running out of energy.

There will always be days the SL is hit, that is just how it is....

At present, I'm testing different filters for this issue. There are a large number of ways to resolve the issue.....
  • #233
  • Jun 6, 2023 4:48am Jun 6, 2023 4:48am
One of the potential filters:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB


Testing more in the background but takes time.........
  • #234
  • Edited 6:18am Jun 6, 2023 5:50am | Edited 6:18am
Quoting smartvin
Thanks Ronin {quote}
Post 1# updated with template and all current indicators as requested. This is the setup used by me.

Sometimes add on 100 and 50 ema to help decide.

Less is more on the chart.

https://www.forexfactory.com/thread/...range-strategy
  • #235
  • Jun 6, 2023 6:26am Jun 6, 2023 6:26am
Nice one Ronin.....
cpfleger
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  • #236
  • Jun 6, 2023 6:33am Jun 6, 2023 6:33am
Ronin,
See screenprint.
cpfleger
Attached Image (click to enlarge)
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  • #237
  • Jun 6, 2023 6:41am Jun 6, 2023 6:41am
Quoting cpfleger
Ronin, See screenprint. cpfleger {image}
Sharp eyes! Wondering if anyone else was paying attention. Has been corrected in the next version. Taking time to include strength alert.
  • #238
  • Jun 6, 2023 7:08am Jun 6, 2023 7:08am
Ronin,
Excellent, my old eyes still work - sometimes.
cpfleger
  • #239
  • Edited 8:07am Jun 6, 2023 7:42am | Edited 8:07am
Quoting Ronin-
EURUSD 15M. Done for the day. {image} USD Strength Price below both MAs. Potential retest of yesterday's low. ATR(10) H1 increaseing a bit later....... {image}
As stated eariler, yesterday's low retested and passed below.
  • #240
  • Jun 7, 2023 3:38am Jun 7, 2023 3:38am
EURUSD 15M, slow day no trade so far as no strength.
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