DHR - 每日半程策略 (DHR - Daily Half Range Strategy)

DHR - Daily Half Range Strategy

Conditions:
If price has moved half of the 10 day average range on a given day a trade is entered for 5 pips profit, stoploss 20-30 pips. One trade a day only.

For a buy trade price must have moved half the daily average range (ADR(period 10)), measured from the LOW of the current day.

For a sell trade price must have moved half the daily average range (ADR(period 10)), measured from the HIGH of the current day.

No trades for the first 1-2 hours after market opens to avoid false breakouts.

I trade this method live (small lot size) on EURUSD 15M chart.

Rough and ready testing on EURUSD 15M Chart shows the following results for 2023 Jan to 11 May 2023 so far.

Attached Image (click to enlarge)

Still improvements to be made regarding the few losing trades; testing a few differet options; martingale is a potential option as appears to lose only one trade in a row and then win the next at least 3-4 trades. Potentially a filter for high impact news as whiplash can be more than half daily ATR(10). Maybe look at days of the week etc.

Prefer no other indicators are to be used. Only price, and range such as highs and lows. The rest is via trade management.

This is a pure rule based system.

The template and indicator list and template in post 1 will be updated periodically as the method is made more precise.












Use auto-refresh indicator to keep DHR lines updated.



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