Sounds like a solid idea on reflection, to be honest. I'm also with Meck on switching the RSI to Typical Price rather than Close Price. Close Price limits a lot of potentially good signals. Tomorrow's another day

Daily Trading Strategy [ADR + RSI = High Probability]

GBPCAD short triggered at 16:05. EDIT: Closed for a nearly full loss when the MACD crossed back over

Daily Trading Strategy [ADR + RSI = High Probability]

Possible GBPCAD short setup. but the MACD's got a fair way to travel yet.

Daily Trading Strategy [ADR + RSI = High Probability]

GBPUSD and USDJPY both broke ADR, but no OB/OS of RSI on the way up/down, so I'm not taking either.

Daily Trading Strategy [ADR + RSI = High Probability]

I've just seen in my screenshots the end/start of day line is one candle later on the second screenshot - d'oh, how did I not notice that before? So obviously that setting pushes the end/start of day/start of ADR period one candle on, which would ...

Daily Trading Strategy [ADR + RSI = High Probability]

Absolutely. Let me show you. Both of these screenshots are using Zoheb's new template on EURNZD as an example. The first screenshot (TimeZone1) is with the settings as they are in the template (15 period ATR). Crucially this is with the ...

Daily Trading Strategy [ADR + RSI = High Probability]

Yeah, I have that loaded too, but the ADR lines on Zoheb's template don't match the calls in the dashboard. They do (largely) if TimeZoneOfSession is set to 0, but Zoheb's template has it set to 1 which gives a different readout. I have 2 potentials ...

Daily Trading Strategy [ADR + RSI = High Probability]

Okay Meck I am therefore seeing no possible entries today so far.

Daily Trading Strategy [ADR + RSI = High Probability]

Just worth highlighting that Zoheb01 and Meck1's templates have slightly different conditions attached to the indicators. Might be worth testing both to confirm most likely entries. With the OGT ADR indicator, I noticed Zoheb's template has ...

Daily Trading Strategy [ADR + RSI = High Probability]

Thank you for your contribution Zoheb01, I'm more excited to trial a strategy than I have been for a long time. Loving your risk calculator and will be adopting that approach 100% going forward. Looking forward to a great week of trading ^_^

Daily Trading Strategy [ADR + RSI = High Probability]

This is great, thank you

Daily Trading Strategy [ADR + RSI = High Probability]

Unfortunately it only goes back a couple of weeks.

Daily Trading Strategy [ADR + RSI = High Probability]

So, finding a long term historical ADR indicator is pretty key at this point I think. Next week I'm going to try applying a HMA (haven't decided on the period) to the daily to confirm trade direction and also take early profit or loss if the MACD ...

Daily Trading Strategy [ADR + RSI = High Probability]

Not seeing it. We haven't gone over 100% ADR?

Daily Trading Strategy [ADR + RSI = High Probability]

200HMA on the daily perhaps?

Daily Trading Strategy [ADR + RSI = High Probability]

The 1:1 target seems like the smart play, especially with your past 20 days stats Meck. I guess I would like to see some sort of emergency stop for those wobblers and potential reverses. At this point though I'm happy it went 1:1 and that I have the ...

Daily Trading Strategy [ADR + RSI = High Probability]

Hit 1:1 so I've moved to break even.

Daily Trading Strategy [ADR + RSI = High Probability]

Observing the MACD slowing and possibly crossing back up shortly. If I was in profit (which I currently am) I might use that as a signal to move to break even, but as this is quite close to moving into negative territory does anyone use a cross back ...

Daily Trading Strategy [ADR + RSI = High Probability]

GBPCAD short, gone for 1:2 RR

Daily Trading Strategy [ADR + RSI = High Probability]

Just taking a look at this thread for the first time today, thanks to everyone who posted indicators and information If I'm right, a short opportunity is forming on GBPCAD - it's passed 100% ADR and we were seeing RSI OB in the run up. Now we ...

Daily Trading Strategy [ADR + RSI = High Probability]