Still need some fine-tuning and has some open ends, but this is the flow chart.

Tuesday preparation

To prepare for today I entered the values for prior day OHLC and the day before OC.
Also I filtered on day 2/Tuesday.

GREEN IB
When I add a filter to a green IB (9:00-9:30 bar), the output looks like this:


When looking closer to the size of the green IB (which the system uses calculated ranges), there is a nice win% for the range 0-26pts.
The 77% win% looks great, but the sum (of result) is 172 based on 22 trades; that's not great. SL would be 12(% of ATR = ~20pts)


RED IB
When I change the filter to a red IB (9:00-9:30 bar), the output looks like this:


To get more close to the current situation, I'll wait for the IB, so I can add filters on gap Y/N and where price is at 9:30 (below/inside/above).
And of course to add the length of the IB to the filters.

BTW, 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).
I mean, 10 absolute points while the DAX price is 10000, is different from 10 absolute point with the DAX price at 18000.

Tuesday

FDAX

Gap: down gap 28 pts
Gap closed during IB: no
Position price at 9:30: below prior day HL
IB direction: short

What you can see in the snapshot below, is that there is only 1 trade with 75% win% (on the 1st row).
The trade on the 3rd row (long 11:00-14:30) has a better historical results in points, but I think it’s best to follow the highest win% as long as the results are good enough.

DAX long (paper) trade
Entry 11:00
Exit 13:30
SL 40 pts
Result 40 pts loss

Historical results with this setup: See snapshot

Let’s see

(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))

Deetee 

Tuesday What you can see in the snapshot below, is that there is only 1 trade with 75% win% (on the 1st row). The trade on the 3rd row (long 11:00-14:30) has a better historical results in points, but I think it’s best to follow the highest win% as long as the results are good enough. DAX long (paper) trade Entry 11:00 Exit 13:30 SL 40 pts Result .. pts

Hi Deetee,

How are you determining your SL? Am I reading your historical data correct that it indicates an SL of 24? Is the 40 based on recent larger volatility/ATR?

Adapter 

Hi Deetee, How are you determining your SL? Am I reading your historical data correct that it indicates an SL of 24? Is the 40 based on recent larger volatility/ATR?

Hi Adapter,

The system is calculating hypothetical trades for every day since 2010, all trades starting between 9:30 and 11:30 and ending between 10:00 and 14:30 on each 30m bar (that's 40 time frames per day).
And every trade is calculated with 5 different SL options, 12-15-18-21-24, which are a % of the ATR at that moment in history.
For today's trade, the 40pts is 24% of the ATR (166,66 on 30 May).

Thanks for asking
Deetee

PS. 40 time frames per day with 5 SL is 200 trades per day. For 14,5 years, let's say with 225 trading days per year, the system calculated 652500 trades

Deetee 

Hi Adapter, The system is calculating hypothetical trades for every day since 2010, all trades starting between 9:30 and 11:30 and ending between 10:00 and 14:30 on each 30m bar (that's 40 time frames per day). And every trade is calculated with 5 different SL options, 12-15-18-21-24, which are a % of the ATR at that moment in history. For today's trade, the 40pts is 24% of the ATR (166,66 on 30 May). Thanks for asking Deetee PS. 40 time frames per day with 5 SL is 200 trades per day. For 14,5 years, let's say with 225 trading days per year, the system calculated 652500 trades

Thanks Deetee. I didn't understand that the 24 was an ATR percentage but that makes complete sense. Looking forward to your progress.

Deetee 

Still need some fine-tuning and has some open ends, but this is the flow chart.

do you meticulously follow this chart for your trades, or is it more of documentation of the process you follow

jlabtrades 

do you meticulously follow this chart for your trades, or is it more of documentation of the process you follow

For the normal days (not being a German or US holiday, not an German IFO day, not the last or first day of the month) I follow this as strict as possible.
For this system I wanted to have a clear process.
And it's a way to not let the brain come up with ideas of its own and let emotions interfere

Thanks for asking
Deetee

Wednesday preparation

To prepare for today I entered the values for prior day OHLC and the day before OC.
Also I filtered on day 3/Wednesday. And a filter on 'no gap'.

GREEN IB
When I add a filter to a green IB (9:00-9:30 bar), the output looks like this:


Looks interesting, both the win% and the SumR.

RED IB
When I add a filter to a red IB (9:00-9:30 bar), the output looks like this:


Let's see how things look when the IB is (almost) complete, in 10 minutes

Wednesday

FDAX

Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short

What you can see in the snapshot below, is that there are several trades with 70% win%. I’m taking the one with the highest SumR (historical results).

DAX long (paper) trade
Entry 9:30
Exit 14:30 > I will close the trade at 14:15 due to ADP nonfarm employment numbers
SL 40 pts
Result 94 pts profit

Historical results with this setup: See snapshot

Let’s see

(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))