Friday

FDAX

Gap: no gap
Gap closed during IB: no
Position price at 9:30: above prior day HL
IB direction: long

The 9:30 price above PrD HL doesn’t leave enough historical occurrences to trade.

Monday

FDAX

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

Doesn't look good for a trade

Mich62 

... I think you should be able to do exactly the same, using the same parameters, with 6E/6B, GC or CL as you do with the FDAX. When the US enters it will be different but you're out of your position(s) by then. You just trade the (session) open. You just should run the numbers. I have no idea how much work that is. But I would not change anything in the system (I guess that saves a lot of time). Not ETH or RTH but sessions (Asia, EU, US), each with its own IB. You can use 09.00-09.30 for 6E/6B, GC and CL. I would agree with you on knowing what's going on during US RTH when talking about the US Indices because stocks will trade only from 15.30-22.00 CET. That's why I think you can look at 6E/6B, GC and CL. Those are traded all day long. ... Best, -Michel

Hi Michel,

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).

To be continued.

Dennis

Tuesday

FDAX

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.

Tuesday

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.

Let’s see

Wednesday

FDAX

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)

6B

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

Not looking good for a trade, sumR is too low

Thursday

FDAX

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

Not looking good for a trade, SumR too low

Thursday

6B

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

Not looking good for a trade, sumR is too low