Donwloaded S&P 500 1M data. Thank you! Going to test now!

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

This is great man thank you!

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

Today's trades. Break even on S&P 500 but ended up leaving money on the table. Don't want to be in the markets with today's NVDIA earnings coming out. Back to the python testing!

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

W0lfram quick question, all of these backtests and statistics that you get are using TradingView and Pine Script correct? Is Pine Script and TradingView better for this type of work compared to Python? Just asking because I'm currently testing with ...

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

Oh ok I think I see what you mean.

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

Do you mind telling me where or how I'm making excuses and for what I'm making excuses? Just so I can learn from that and improve.

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

Today's trades. Testing out the 15 minute range on S&P 500 and Nasdaq instead of a break out of over night highs and lows. For the Dow I'm still using that strategy since it's worked out pretty well. I did get a fake out but it was a small position ...

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

Haha you're good dude. What ever get's you profits! On a personal note, along with this day trading strategy I'd like to learn how to trade based on fundamentals and news so your thread reply was not completely wasted! haha

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

Okay guys, so as I mentioned I'm working with Claude AI and Python to perfect this strategy. Afterwards I'll find a way to convert to MT5 with algorithmicportfoliomgmt.com So, here are some interesting results so far: 1. S&P 500 - 30min Opening ...

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

Okay. Wrong thread but yeah dude, cool.

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

Today's trades. I also had a small S&P 500 short but closed it early and manually from my phone since I was not at the desk at that moment but I did leave the EA running. I'm starting a project with Claude Code and Python to develop this strategy a ...

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

Goddamn what a choppy day. Only a Dow Jones short taken.

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

Dude yeah you're telling me! Super choppy waters out there today!

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

Hey guys I tested the following: IF Previous Candle Close (1) > 16:30 Candle High AND Previous Candle is Bullish (1) AND Previous Candle Body (1) > 16:30 Candle Total Size THEN Open Buy Order. SL is mid price of the 16:30 Candle TP is 200% of SL ...

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

Understood, so in the image example the average pips for the opening range for the past 30 days has been 35 pips. Today's range is 19.4 pips which is 15.6 pips below the average. How much of a pip difference above or below do you use as a catalyst ...

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

For the average, how many days back are you looking at?

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

Oooo! I like this so explain this a little, what is the "Session ATR" measuring? Meaning I'm guessing you're using the ATR indicator, what are it's parameters?

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

Yeah so I've read about this and tried doing it on my own indicator: url But I don't think I was calculating things correctly. So the idea is get the pip size of the opening range or a certain range for the past X number of days and if the current ...

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

Awesome! That's all I needed to know, thank you! No more questions on my end!

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

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