Initial Balance Range Trading

USDCAD
Aggressive way: 1 BE and 1 Win
Trade on retest: 1 loss and 2 wins

Gold
Aggressive trade: 2 wins
Trade on retest: 2 wins

GBPAUD
I don't usually trade this pair but let's see if the principle holds.

Aggressive: 2 wins
Trade on retest: 2 wins

thanks alot sir for sharing but i have question
1.Initial Balance Range is a line close NY time right
and we can do Initial Balance Range just only market open example
NY and London open we should make line on NY if we want to make line should be NY close then you can draw line on London right ?

Sorry for my English I'm not good Thanks.

London starts 08:00 London Time
New York starts 09:30 New York Time
Personally, I think these would make good stating times to reference IB.

Do you have any indicator to go with it?

Thank you

Initial balance is often used in the context of a market profile (TPO chart).

False signals are not a big deal, because there is no perfect strategy that will give purely pure signals, which are justified by all parameters - the market always presents surprises, and you have to put up with it. But I think that your approach can really come in handy, because it is not too risky and not too dynamic, that is, you can work with the chosen strategy almost at any time and at the same time you will have enough time to prepare yourself for trading and make a competent analysis, which will help you to feel safe in the market. I think that you will be able to deal with the market thanks to this and you will receive income, the main thing is not to increase risks. And in any situation, stick to the plan.

aara, great thread thanks for posting about the initial balance. I learned about it after learning about Market Profile trading. I'm currently testing taking only the NY session initial balance on S&P500 futures and WTI. I've also created an expert advisor for MT4 that I'd like to share with everyone here. I'll be happy to answer any questions anyone has.

Also please note that this EA should be backtested and modified and like any EA it should have human oversight.

WTI Backtest

Initial Balance expert advisor running on WTI today.

This is great -- thanks for sharing!
Would it be possible for you to share the source code (mq4 file) for the EA, please?
Many thanks in advance!

Hi everyone! I'm learning about trading initial balances. Since the concept comes from J. Peter Steidlmayer, the creator of the Market Profile at the Chicago Board of Trade (CBOT), I'm trying out the concept on U.S. futures. These trades are from yesterday. I aim to get just 10 pips from each index.

Hi all! There were a few initial balance trading opportunities today before Trump tweeted.

Hi all! Here are today's trades on the U.S. indexes using initial balances. Remember I target only 10 pips. Well, 10 pips on S&P 500 and 5 pips on the Nasdaq and Dow Jones.

Also, I'm using a trailing stop so the S&P500 and the Nasdaq positions were not closed at TP but instead at the trailing stop loss.

Hi everyone! Here are today's trades on the U.S. indexes using initial balances. Took them a while but they got there!

Happy Friday all! I took trades on all three U.S. indexes today but only he Dow Jones had enough momentum to close. Also, I've coded an indicator for the initial balance range which is what you see on my charts. If anyone is interested I can share it with you all and if anyone wants to add more stuff to it and share that would be awesome!

'Morning all! Woke up to see that Friday's initial balance break outs hit TP at the futures open.

A lot of upside today. Didnt take the Dow Jones IB break out because it was just too late in the day to take. If it's too late in the day there's most likely not going to be enough momentum.

This reminds me of something else I've seen. On phone now so will add to post and include my indicators. The 8H range one that I have could be modified to your 1H if someone knows how to code. Or ask AI to change it. Hopefully it helps.

[EDIT]
Included both MT4 and MT5 files.