That is correct. If pending orders with 15 minute expiry are utilised on the 15 minute time frame chart the changes in the level of the lines can be visualized as in post 2#. url ​​​​​​ Tend to trade the method manually as I want to see the price ...

DHR - Daily Half Range Strategy

They are two different tools displaying the same thing: The Fibonacci tool is set up to cover 100% ADR(10) for each day. But will have to adjust as the high and low change during the course of the day. At the end of the day the 50% will be marked. ...

DHR - Daily Half Range Strategy

I will have a look if adding refresh rate to indicator helps. It is a daily indicator on a lower frame chart so may not resolve. Hence needing auto refresh indicator on chart with DHR line indicator.

DHR - Daily Half Range Strategy

see post 42

DHR - Daily Half Range Strategy

The D in ADR means "Daily". As stated in last post, 50% of ADR. Therefore the method is daily, 15M chart utilized to visualize the internal movement of the day. Needs to be below Daily Chart. 5M - 1H

DHR - Daily Half Range Strategy

Yes. I trade as the close price (or ask / bid price depending), passes over the line, not the next candle. Remember this method can not be backtested on the screen as the lines are dynamic and change during the course of the day. Their final resting ...

DHR - Daily Half Range Strategy

Potential ForexGPS. It is based on the fact that there is a biase to the upside as the day starts at 00:01. It takes one 5 pip trade a day at 1 am and appears to wins 98%. It is the 2% lossing trades that are the problem as SL not used. Mean ...

What is best MT4 EA with 2-3% of monthly profit guarantee?

Template for method will be added to post 1. Only 3 indicators: -Auto refresh -DHR line v6 -DHR Strength The EA is still being developed and tested so not for public consumption at current time. I prefer to trade manually to learn how a particular ...

DHR - Daily Half Range Strategy

I trade as soon as the closing price crosses the line. There must be sufficient strength and must take into account market structure and what the big picture is telling us. Not trading today as EURUSD made relatively big move yesterday (~85 pips), ...

DHR - Daily Half Range Strategy

Well if the average ADR was 100 pips, 50% would be 50 pips. The definition of ADR can be found online.

DHR - Daily Half Range Strategy

Additional rules for filtering out slow days. Will be added to post 1 in due course. -Current day not traded if Previous day ADR(1) < 50 pips on EURUSD. The ADR(1) minimum will need to be determined for each market / pair being traded etc. -DHR ...

DHR - Daily Half Range Strategy

Got it!! Went old school and used the calculator. Know the maths, was just thinking about it the wrong way, hence asking a question. Thank you Erebus. image Given that using ADR(10) including todays value gives a smaller value, I think that is ...

DHR - Daily Half Range Strategy

Maths understood, hopefully the picture explains what I mean: Value today for ADR(10) is 65 pips, but the indicator uses yesterdays value of 71 pips which is the average of the 10 days prior to yesterday, hence the question. In the DHR line ...

DHR - Daily Half Range Strategy

Looking at the trades taken, maybe the retest of the 50% ADR(10) with strength might be a safer option to trade; just a thought. As I continue to find ways of reducing the number of trades hitting SL.

DHR - Daily Half Range Strategy

EURUSD 15M, Done for the day. image After a few slow days of movement activity starting to show signs of increasing, big move as European market day starts. Price was returning too and testing the last major low of around 1.08145 which, was also ...

DHR - Daily Half Range Strategy

Post 61. Buy trade price crosses above blue line, dotted line above blue line is 5 pip target url Post 73. Sell trade price crosses below red line, dotted line below red line is 5 pip target url

DHR - Daily Half Range Strategy

I had a thought / question. The DHR Line indicator utilises todays ADR(10) value, but note the OGT ADR indicator uses yesterdays ADR value for today's value, is there a preference and what is the reason to use yesterdays value as we know todays ...

DHR - Daily Half Range Strategy

DHR Line indicator updated. Version 6.00 available from post 1. Please add auto refresh to chart as well to keep indicator updated.

DHR - Daily Half Range Strategy

Thanks for sharing. Please could we have commentary to the image. This appears to be a totally different method to the DHR line method presented in this thread. The 50% ADR sell level was 1.08387 on EURUSD for a single 5 pip target in a day. It ...

DHR - Daily Half Range Strategy

EURUSD 15M, Done for the day. image Maybe need to add break-even for those trades that don't quite make the 5 pip target.

DHR - Daily Half Range Strategy