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Hi Deetee, you state that IB should have at least 7 points.
At 09:00 the Low was 15699,5, and at 09:30 the High was 15745, so IB is at least 45 points. Dax 14-7-2021
Thanks for your message and for following.
I was talking about the open-close (OC) of the 9:00-9:30 bar, which was 0 yesterday.
I'm considering a more dynamic way of looking at the variables, but that will take some time before tested. For instance, I would not look at IB short or IB long, but at a range. So for yesterday, I would look at an IB range between -15 and +15 points, if that makes sense... Same for the other variables.
This week I had 1 trade in this journal, 4 points loss.
Total results for this journal:
As I am staying in the Azores till mid August, I will take a break from putting my alarm early in the morning and taking live trades in the next weeks (unless on days I wake up early) and have some real holidays. I will update this journal later with the trades that I would have taken.
Also, me and a friend have been doing some work and we will start looking ‘soon’ at other tickers too, using this same system. This might give more trades per day, and we could limit ourselves to only trade the better setups. Still some work to be done but will keep you posted.
The new tool (I have been working on with my friend) does give better results. This tool includes the full RTH data, while my system only has 9:00-12:00 data. I have not yet tested enough to trade it, but here is a preview.
The more dark, the more points were made in the past. The win% should also be taken into consideration here.
The problem with first and last day of the month is that I’m not sure if I should look at which weekday it is (Mon-Tue-…).
By filtering down on weekday, the sample size decreases about 80%.
For the Wednesday combined with a long IB, that only leaves 7 historical trades (86% winners). If I take the Wednesday filter off, it had 54 trades (65% winners on the same trade).
DAX Long trade
Entry 9:30 @ 15952
Exit 10:00 @ 15963
SL 21 pts
Result 11 pts
Historical results with this setup:
126 pts (7 trades/win% 86%)