Central Bank Dealers Range – Reversal strategy Help please!

crolakstrading · Mon, 20 May 2024 23:05:35 +0000

Hi I have tried to make an indicator for a range breakout reversal strategy – It’s called the central bank dealers range. The original strategy works as below, On the 15 min Chart – If the time 7pm to 1am take the open or the close price of the highest candle and the lowest candle of the range 7am-1am. then if the market stretches and goes up to 1.5 or 2 standard deviations before 10am of that range enter short, the Stop loss is at 3 of that range. The target will be at 50% inside the range. the whole thing should not trigger if the time passes at 10am next day after london session. The indicator works and shows what I need but the problem is I can not change the time 7 pm to 1am. it can make any range after 1 am though? any reason for that? Please can anyone help to build this? Massive help? I have attached pics to see if it make any sense? of the the strategy. Please kindly if anyone can let me know what I do wrong in here. Thank you all in advance

This topic has 30 replies, 5 voices, and was last updated 1 week ago by crolakstrading.

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06/20/2024 at 11:13 PM #234160

crolakstrading

@JS Sorry thought I replied.. it works great exactly as the lines.. I will test and update! Thank you very very much.. 🙂

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JS

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Central Bank Dealers Range – Reversal strategy Help please!

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