Daily is cresting
Iāll wait for clear trend, I have burned myself yesterday.
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Thanks for taking the time to code this. Unfortunately, I donāt know how to code so this looks a lot like modern day Hieroglyphics to me. I would though like to ask you a few questions:
Which charts did you test, just EUR/USD?
You report a profit of $4,000 in December and suggest the other months werenāt as profitable, what was the profit over the last twelve months?
What was the longest winning sequence?
What was the longest losing sequence?
What was the largest drawdown?
Which major FX chart performed best according to that criteria over the last twelve months? Which performed worst?
I donāt know if this information is easy to glean but if it is, it could be worthwhile investigating.
Great work!
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Could be a solution or I just have to stick to the strategy 
my mistake, I tried my luck, but itās not betting, so it was a rookie moce from my side.
@Vaczak
Iām thinking about using that higher time frame for signals when ranging as a permanent part of what I do.
My rookie mistake was not doing that 2 days ago.
Thatās why I have 2 EUR/USD charts open. 1 at 5M, 1 and 30M
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Euro news released.
Next high impact in 3.5hrs.
- 08:30
USD
Nonfarm PayrollsView Details
| IMPACT | ACTUAL | FORECAST | PREVIOUS |
|---|---|---|---|
| HIGH | 220.0k | 263.0k |
- 08:30
USD
Unemployment RateView Details
| IMPACT | ACTUAL | FORECAST | PREVIOUS |
|---|---|---|---|
| HIGH | 3.7% | 3.7% |
Well, yesterday was not easy. I came out ahead but not much profit for me as I stayed out of the market during the nice drop we got from the economic news release. Iām sure some of us made good pips if they stayed in.
I have a modest sell trade going based on 30M charts. If 14 stays below lower green, Iāll stay in. It works or it doesnāt. Will tighten SL prior to high impact news in 2 hours and final high impact news in 3.5 hours.
Applying TP of a few pips in case of candle in my favor after news is released.
I will still look to the 30M when looking for any buy signal today.
Thanks for this AT. I have 3 settings on my PSAR for trading view. Start, increment and max value. What settings would you use for each?
Sorry, Iām a newbie to this. Learning!
And how is the PSAR used? Basically the second one prints above then its sell confirmation and vice versa? Do you also use our for stop loss? How?
Thank you.
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I am currently happy!
On my phone I am at step 0.008/ Maximum at 0.07.
You may want to play around with the settings to your preference.
PSAR stands for āPrice Stop and Reverseā
If dots are above price, it means price is trending down. When price rises and meets the first of the dots above price, new dots will start to form under price. So you will be looking to see what settings to use that will place that meeting point at a place that accommodates your trading style.
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SL at just above break even on my sell trade.
Goal is to be at break even before one hour.
10 pips in profit now. If it gets to 20 or better I may close just to book them and call it a day.
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SL at break even. Sitting at 18 pips
Update: SL moved to lock in profits.
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Boo. Stopped out with 7 pips profit.
I actually went back and thought, why not just compare the charts! And they were very similar to ATs. So I think in this case it was def more the signal settings, or upper lower boundary settings than the broker. I think ATs timezone is close to mine and with the candlesticks, itās easy to compare the ups and downs of the price.
But I hear you on the broker differences. Itās still amazing to see traders us different brokers but trade the same pair and you see price do the same things at the same time even though itās two different brokers. I always thought, how in the world does that happen, how does price move so similarly across that many brokers. I guess itās all connected and the markets behind the scenes just move that fast!
In TV, I use FXCM data or forex.com.
I see I missed out on 30 pips again while driving to work