DAILY WICK ZONE TRADING

[BaraKuda]

Mighty one

Its almost the same but the one on the video calculate automatically the size of sl based on the size of the wick .
this is what im looking for to have the calculation directly on the chart without the need to key in the SL size

Thank you

[BaraKuda]

Mighty one



Thank you

[TheRumpledOne]

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[TheRumpledOne]

HI TRO

I'm a customer of your 2014 and 2016 indicators , in one of your video on Daily wick zone you have an indicator to display the position size based on equity and risk % per trade , but i can't find it in the files i received .
what is the name of the indicator please ?

Thanks in advance

TRO2014_HTBL_ZONE is the name of the wick zone indicator. "Wick Zone" sounds better than HTBL. You can use wick zones of any chart period. H4 and H1 great for scalping 2+ pips.

[miro1360]

TRO is right with Daily[1] Wick Zone trading, I created EA to test GJ pair in 5 ways:
1. trade in all ways, inside/outside wick and inside/outside body
2. trade inside/outside wick
3. trade inside/outside body
4. trade inside body depending on candle type (bear bull [0]) and outside wick indepedent on candle type
5. trade only outside wick

here is method 5. most profitable for GJ pair (I have not tested on other pairs), 2015.04.05-2016.07.15.
second (fewer) profitable was 4.

both method was tested in dependency to week[0]/daily[0]/h4[0] candle direction (multimeter) and without dependency - for GJ pair in this test dependency seems be insignificant, BUT this test have a lot of limitation (like martingale, fix stops) and for manual trading dependency is proven and is important

As I said, this EA have some limitations because can not read history swings for setting SL and proper money management, so my management was martingale for testing. Martingale with multiplikator 2.0 and limitation for maximal lots/trade 2.0 from base Lots 0.1. Hard stops: SL:100p and TP:150p.
(EA can not be used for automated trading because Martingale and this is only test to show how strong this strategy must be for manual trading).

[TheRumpledOne]

#5 is a DAILY HIGH/LOW BREAKOUT.

[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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