Ok, so building a strategy around the statistics from the previous post ( url ) I ran a montecarlo simulation and did the statistical significance that @amvt mentioned. Here's the results: Montecarlo: Running 10,000 simulations of 668 trades each... ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Unfortunately no. It's one of the down sides of back testing this strategy. The sorta good thing is that when the time change occurs it's only one week that the hours are mismatched.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

I'll get on that right now. I've ran like a trading strategy with it and asked it to do Montecarlo simulations. I'll share that later.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Hey everyone! I've been running statistics with Python on opening ranges. Using 5-minute candle data exported from MT5, we're measuring 15 minute opening ranges. Here are the python results: Date range: 2011-06-14 to 2026-03-06 Total days analyzed: ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

A lot of uncertainty in the markets and that reflected in this week's PnL. Just a few bucks away from braking even for the week but I believe I'm just done for the week since tomorrow is NFP. Most likely we will see very little trends until the ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

'Morning everyone! Took some losses today but all under control. Faked out but managed to recoup part of the losses. Done for the day.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

During high impact news it lags a tiny bit to draw the box and levels. It updates with each tick. As far as volatility right after the session close? Yeah you'll get the alert. Also, thanks for downloading it and for the questions!

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Okay everyone, here's the session break out indicator for dark mode. Please let me know what y'all think about it! Just in case here are the instructions: There are some instructions to it: If there is a session you don't want to see, just set the ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Dark Mode! Here are today's trades. All shorts. Decided to switch to the dark mode on charts, Expert Advisor and terminal. I see that 33 people have downloaded the indicator I made ( url ), I'd like to know how it's working out for you guys that ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Yup, that is from Friday, February 27th.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Today's trades. Was not expecting longs but I guess that's just the market closing gaps. The Nasdaq position took a little longer. Stay safe out there! image

Why Smart Traders Watch the First Hour (Initial Balance Guide)

[quote=rambutan7;15595706] cool.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

What is this? What are you posting dude? No context, but from what I see not relevant to this thread.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Today's trades! Dow Jones opened and closed before I got a chance to extend my TP. S&P500 and Dow Jones longs also hit TP. Done for the day, another week in the bag. Unrelated a Dow Jones dollar cost averaging buy limit was triggered with this ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

There arent really any "hidden gems". If you really want something close to hidden gems you're gonna need some serious mathematics and coding skills, access to institutional data like Bloomberg Terminals, CME or any paid data subscription, ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Liquidity candles? Yeah no, we dont do that in this thread. That doesnt mean that the whole ICT thing is a scam. For some reason it works for some people, personally I don't do any of that and in fact my goal is to make everything so simple that it ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

My second little piece of advise is start small and simple. One small and simple strategy is just dollar cost averaging indexes. Position trading or swing trading indexes since they have a more clear long term trend than FX or commodities.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Tell you what, I'll give you financial planning advice instead. This applies whether you're doing a retail trading account, a hands-off investment or retirement account (by hands off I mean hiring a financial advisor and doing like a brokerage ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Today's trades. Two shorts on S&P500 and Nasdaq and one long on the Dow Jones. All done for the day!

Why Smart Traders Watch the First Hour (Initial Balance Guide)

cool

Why Smart Traders Watch the First Hour (Initial Balance Guide)