Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Ok, so 6B data is in the tool and I created ranges for it. Started testing it today, but the IB was extreme (in the top 5%), and I don't trade extreme values (yet).
Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short
Today it only gave 10 historical occurrences, mainly because of the high open-close values of Friday. I would take it, but there is a long trade, that has 70% win% partly during the same time.
So, no trade.
I actually consider to not look at trades that have less then maybe 15 or 20 historical occurrences.
The first one for 6B. I know kind of nothing about this ticker, just looking at the statistics
6B
Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short
DAX short (paper) trade
Entry 10:30
Exit 11:00
SL 0,0024 pts
Result -0,002 pts
Historical results with this setup:
SumR 129 (14 trades/win% 92,9%)
SumR translates to a relative (to current FDAX price) result of X points per trade
(Relative trade result = trade result in pts / 9am open price * 10000, and the SumR is the sum of the relative trade results)
The SL is only 15% of the ATR, so (with the DAX) that's very low.
Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: long
DAX short (paper) trade
Entry 9:30
Exit 10:00
SL 52 pts (large SL due to high ATR)
Result 22 pts
Historical results with this setup:
SumR 210 (26 trades/win% 73.1%)
And:
DAX long (paper) trade
Entry 10:30
Exit 12:30
SL 52 pts (large SL due to high ATR)
Result 23 pts
Historical results with this setup:
SumR 412 (26 trades/win% 76.9%)
SumR translates to a relative (to current FDAX price) result of X points per trade
(Relative trade result = trade result in pts / 9am open price * 10000, and the SumR is the sum of the relative trade results)