i'm trying for quite some time to exploit the volatility after london and us open
i know this just another thread about the argoment but i think this is different from the others and deserve his own topic
before talkin' about my system i wish to spend a couple of words about others system that work similarly
the most famous system uses a determined range of time to draw a box and then trades the breakout of it
doesn't work well sometimes cause the box its to big and you may miss good opportunity to trade
mer071898 and squalou modifyed to system to adapt the max range to a pretermined max size of the box and allow us to trade everyday
but sometimes the last candle that form the box closes too close the upper/lower side of the box and lead to fakeout for this reason
i guess that we can avoid this situation drawing the box around the close of the last candle of the box using the hour ATR to determine box size and TP and sl
what do you think about this guys? can someone code the indicator?
parameters needed are start and end of the candle to draw lines, box size in pips and sl/tp
happy trading!
i know this just another thread about the argoment but i think this is different from the others and deserve his own topic
before talkin' about my system i wish to spend a couple of words about others system that work similarly
the most famous system uses a determined range of time to draw a box and then trades the breakout of it
doesn't work well sometimes cause the box its to big and you may miss good opportunity to trade
mer071898 and squalou modifyed to system to adapt the max range to a pretermined max size of the box and allow us to trade everyday
but sometimes the last candle that form the box closes too close the upper/lower side of the box and lead to fakeout for this reason
i guess that we can avoid this situation drawing the box around the close of the last candle of the box using the hour ATR to determine box size and TP and sl
what do you think about this guys? can someone code the indicator?
parameters needed are start and end of the candle to draw lines, box size in pips and sl/tp
happy trading!