Based on my observation, one of those horizontal lines in every chart is the open price of 21:00 GMT(17:00 EST）. Check the history chart you would find it. I suppose there should be some statistical analysis to support this trading method. Like how ...

Trading "System" when ALL Markets Close

Hi cemilfx: I think those horizontal lines in your screenshot is Bid ans Ask price. White Line is current Bid, Red Line is current Ask, Green Number in between is current spread. Those lines and spread number would change whenever a new tick prompts. ...

Trading "System" when ALL Markets Close

Thanks Lem! Agree that not letting trades opened over weekend. At least counter it to lock the loss.

Billytt Die happy trading e/j daily breakout

Hey guys and Billy, I've been looking at breakout times data for AU 04-00. It seems over 50% breakout happens within the first 30Mins after London opens and 90% breakout happens within the first 3 hours after London opens... Do you set any time ...

Billytt Die happy trading e/j daily breakout

Hi Flexo, I'm also new here. There are several methods are traded here, as Lem mentioned, they all share some kind of general rules with subtle differences. The most important thing I've learned is these methods are all stats oriented. Those trading ...

Billytt Die happy trading e/j daily breakout

Thanks Billy for "the other 5 are looked at as spread even though it is not true"

Billytt Die happy trading e/j daily breakout

Thanks Lem! Agreee with you the max 1 pip spread limitation. I'll add it to my trading rules.

Billytt Die happy trading e/j daily breakout

Hey guys Ive been doing stats collecting too and I found somthing worth taking a note. 1.Spread In some cases of AUD/USD stats that I gathered, breakout pips is less than 0, like -0.8, -1.2, -2.4.. Then I open the chart and realized that's because ...

Billytt Die happy trading e/j daily breakout

Thanks Billy Super clear explanation

Billytt Die happy trading e/j daily breakout

Hi Billy, I notice that you use mid price, which is (Bid+Ask)/2, and you cut the extra point to get the whole number. (Not round up or round down) I'm a little confused... if you don't mind.. here is a hypothesis situation about it.. Bid=12345.4, ...

Billytt Die happy trading e/j daily breakout

Yeah thanks Billy

Billytt Die happy trading e/j daily breakout

About the tatal days: Program collects all "Monday" to "Friday" price data from 2015.01 to 2017.07... About the different stats: Yeah maybe we set different day start time...I set day start time at GMT 0:00... Also, like I mentioned Program collects ...

Billytt Die happy trading e/j daily breakout

“My stats are a lot different from yours.” Another reason I realized is that I told program to roughly gathered "Monday" to "Friday" price data from 2015.01 - 2017.07, which menas New Year bank holiday, Chrismas, or some other holidays could also be ...

Billytt Die happy trading e/j daily breakout

Thank you Billy. I use GMT 0:00 as the new day starts. If today is Monday, then Monday 5-Day ADR would be: (last Friday Range + last Thursday Range + last Wednesday Range + last Tuesday Range +last Monday Range)/5 (Day Range = Day High - Day Low) ...

Billytt Die happy trading e/j daily breakout

"In many markets there is a 85% probability that today’s price activity will reach 75% of the value of the 5 day ADR." - From the article. I did a ADR analysis for EU,GU,AU,EJ from 2015.01 to 2017.07. Result shows the probability of their daily move ...

Billytt Die happy trading e/j daily breakout

Hi Billy! Thanks for the answer! I may be confused about counter and hedge…… I see many times you’ve talked about keep the bad trade in limbo, and wait till the next trigger. image I’ve made the stats more easier to understand. Frequency column: ...

Billytt Die happy trading e/j daily breakout

Hi Lem! Thanks for the welcome and and letting me know that I'm in the right track.

Billytt Die happy trading e/j daily breakout

Hey guys and Billy, First post here. I've been going through the thread these days. At first I kinda lost in the 1000+ pages and couldn't grasp the point.... Thanks for the "Search This Thread" function I gradually pick some information and ...

Billytt Die happy trading e/j daily breakout

Avoid using Martingale right before and after red news and risk events, which could potentially cause fast and wild price fluctuation.

Double or Nothing Scaling