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EXPERIMENTAL: use at your own discretion.
custom session breakout strategy, it uses a percentage of daily atr to set breakout limits. strategy only viable for intraday timeframes and is suggested under 1hour.
custom session breakout strategy, it uses a percentage of daily atr to set breakout limits. strategy only viable for intraday timeframes and is suggested under 1hour.
Jul 17
Note di rilascio:
Fixed a issue when 1st bar on open closed beyond the buy/sell lines and didnt trigger a trade.
Any updates ?
It would seem the strategy itself is not reporting a few of the "breakeven" trades, which keeps the strategy seemingly profitable in itself. Would you mind explaining if I'm correct on this and if so how to avoid it? I feel like this might be producing a bit of false numbers but am not sure.
https://gyazo.com/3b0f5bc04dee2868b4b8daf7b67c9262
I am playing around with this due to being a opening range breakout and volume profile trader.
I believe and think most people are having difficulty understanding the " Percent Range Breakout " and that this actually adjusts your high and low for the breakout itself.
My question after all of this is, how do I set the buys and sells when bars close above / below the opening breakout area of specified times, is this an option?
" how do I set the buys and sells when bars close above / below the opening breakout area of specified times, is this an option?"
its not.
google/search open range breakout?
// Opening Range Breakout Trading Strategy:
https://www.forex.com/en-us/education/education-themes/trading-strategies/opening-range-breakout-trading-strategy
// 3 Reasons Not To Trade Range Breakouts:
https://www.investopedia.com/articles/trading/10/3-reasons-not-to-trade-range-breakouts.asp
Obviously, I'm interested in trading this, but everyone need to know the pro's & con's.
My issue is: (1) to understand what the horizontal dark red/green lines were and what determined their width. (2) The TZ you use for the sessions shown. Is this London or NY?
Anyway, again thanks a lot for sharing all this (and many others)!