That trade i posted for GU H4 was invalid looking back at the picture in post#399.
But i was looking at ADR, see pic and indicator attached, and i reckon a good filter apart from a minimum candle size of 25pips would be if the candle size is greater than the ADR there is a good chance price will reverse so skip trade. I'm still looking at the charts and checking losers but maybe someone else could take a look as well. In the picture the wrong trade, due to a restart, the bar was 164pips and the ADR was 66pips so skip trade.
This system shows good potential.
Regards
Mike
But i was looking at ADR, see pic and indicator attached, and i reckon a good filter apart from a minimum candle size of 25pips would be if the candle size is greater than the ADR there is a good chance price will reverse so skip trade. I'm still looking at the charts and checking losers but maybe someone else could take a look as well. In the picture the wrong trade, due to a restart, the bar was 164pips and the ADR was 66pips so skip trade.
This system shows good potential.
Regards
Mike
Attached File(s)
Average Day Range v1.0.mq4
4 KB
|
317 downloads