Well that was an unexpected tester result! 2023 so far only on EURUSD 15M, 50% ADR(10), Volume 20000, TP 5, SL 20, Time Filter 1 to 18. Obviously tester result treated with extreme caution due to inherent issues with MT4 tester. Don't believe it, ...

DHR - Daily Half Range Strategy

Agree... Thank you for the encouragement. I have updated the ADR Percentage EA. There was a techincal issue with how % ADR was interpreted on backtesting and manually checking numbers; together with the usual issues with MT4 tester. Volume filter ...

DHR - Daily Half Range Strategy

EURUSD 15M, loss for today. image Just shy of the 5 pip mark, not enough volume and momentum. Back testing the addition of volume as filter.

DHR - Daily Half Range Strategy

Hi vanoxyz No just focused on EURUSD but does not mean anyone else has too. good luck

DHR - Daily Half Range Strategy

Good idea, simple volume indicator with multi time frame so daily volume can be seen on 15M chart. obviously the volume number will change over the course of the day. I would suggest adding the auto refresh indicator found in post 1 to the chart, as ...

DHR - Daily Half Range Strategy

EURUSD 15M, Done for today: image Was a slow day, ADR(10) decreasing, until the News spike: 07:30am US time (not broker time), USD Empire State Manufacturing Index -31.8- 3.71 0.8 USD && FOMC Member Goolsbee Speaks

DHR - Daily Half Range Strategy

No worries. Trading is a very complex subject and we are all trying to be a Doctor of Philosophy (PhD), of the subject. I'm still learning; otherwise I would be on the beach or doing something else by now! Try eyeballing the test results. On a ...

DHR - Daily Half Range Strategy

Thanks for the contribution. Please see article in link to understand why this back test is not valid. url For example: url This is not to say the same result would not occur on accurate data. The data needs to be at a minimum 90% accurate in my ...

DHR - Daily Half Range Strategy

Inital testing: EURUSD 15M Chart TP (5) SL (20) No time restrictions Suggests a sweet spot around 65% ADR. Tested for this year only. image Please post your results as shown above. Thank you. Not surprised, as just past 50% ADR mark which tends to ...

DHR - Daily Half Range Strategy

There are continuing questions around ADR percentage choice. So lets take a pause from DHR line trading for a moment. Given the purpose of this forum is to crowd peer review a method lets test which ADR percentage level and time restriction is best ...

DHR - Daily Half Range Strategy

Agree TP and SL are up to the trader. I can only state my findings from back testing and live testing. The picture provided is of interest as it demonstrates my point about the 5 pip target. On the 10 mia (May), it can been seen price drops below ...

DHR - Daily Half Range Strategy

My preference is for rule based methods that remove human emotion and intuition, therefore can be measured, henced expert advisors. Yes I will find the results. On live trading it is 17 consecutive wins, 1 consecutive loss in a row. The average ...

DHR - Daily Half Range Strategy

Thanks for the feedback Merka. Yes. There are two ways of trading to my knowledge, but probably others: 1) A good risk to reward ratio for each trade. e.g. SL = 5 pips, TP = 10 pips. This requires finding an entry point where this ratio is possible. ...

DHR - Daily Half Range Strategy

Only indicator at present time please. The markets are currently on the move so everything looks great and profitable if positioned correctly. Need to wait and see what happens when volatility decreases and price confined to narrow range. Then the ...

DHR - Daily Half Range Strategy

Simple DHR Scanner. However this is not part of the method. The method is NOT to chase pips; like a dog chasing cars. In this method every part is rule based even the take profit. The scanner will not be developed further, it was coded in kind by ...

DHR - Daily Half Range Strategy

Updated DHR Line indicator v5 As requested ATR target is percentage of daily ATR(10). Obviously the target must be more than 50% ATR. file

DHR - Daily Half Range Strategy

Trade worked out on EURUSD 15M. That was a bit scary but backtesting has shown the method works 80-90% of the time. The trade today was in essence a breakout of the previous day low. Note grey line at the red sell line. Trade entered at the daily ...

DHR - Daily Half Range Strategy

Erebus thanks for the comment. Good point and to take into account price in reference to previous day high and low. Please find Previous day High / Low indicators attached file file

DHR - Daily Half Range Strategy

Todays trade on EURUSD 15M: image This is a perfect example of when the trade potentially will not work out. This does not happen often but be aware. Time will tell if price decides to come back down given it is Friday and there is USD data later ...

DHR - Daily Half Range Strategy

Why the Small Pip Target??????????? Firstly, this is a pure rule based method, so it can be scientifically and statistically measured in a reproducible way. The goal is to have profitable trades consistently day after day. This needs to be based on ...

DHR - Daily Half Range Strategy