Mid Daily Range BO Dax mtf

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  • #79871

    A couple of days ago I replied to a topic by @Mert (https://www.prorealcode.com/topic/median-previous-hour-priceline-in-a-1-minute-chart/#post-79723) about mid range and decided to experiment some code on daily mid range Break Out on a 1-minute charts using the newly supported MTF.

    It simply detects yesterday’s mid range, then waits the 1-minute chart to cross over/under it, provided there’s been a previous crossover/under on 1-hour charts within a few bars (I want to eneter the second break out). This code may lack other indicators and/or trailing stops, but I think it’s a good exercise. I tested it on Dax, Bund and Cac40 and it shows some performance, while it seems not to be working good on fx pairs:

     

    3 users thanked author for this post.
    #80042

    HiRoberto ,

    congrats for your strategy ,  I added a MFE trailing with DAX 5 Eur

    What do you think ?

     

    #80133

    Trailing stop is excellent. Experimenting may result in great improvements.

    You may try different values for SL & TP or even change time frames.

     

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