basically what i need is a mt4 indicator that can mark range of four parrarel H4 BARS ..
this can be achieved using parameter like 1.25 , 1.5 ATR H4
This system is profitable according to my exhausting backtest
it works. What I am looking is relatively equal according to for example specified ATR H4 range, not 100 percent equal . There is always a bit subjectivity because it is the nature of trading.
Can anyone suggest me MT4 indicator to help me with the system?
Is 100 percent objective trading...
Where can I find indicator that automatically detect at least 3 to 4 consecutive H4 bars with relatively equal hi and lo ? i have marked 6 bars in the picture above (inside yellow lines)
This is very useful for range break out trades
Thx!
The 3 R profit can be from any systems with positive expectancy
for example 50 % WR with 1:2 RR 6 trades per mo
or 66.66 percent WR 9 trades per mo .
Result net profit 3 R per mo
i am creating a system based on H4 support resistance and trend (direction of W1 candle) .... target is minimum 0.5 average weekly range. Only take trade if distance to 0.5 AWR is at least 2 R from h4 support resistance
System is not ready yet as I am still backtesting it. should pass at...
The 3 R profit can be from any systems with positive expectancy
for example 50 % WR with 1:2 RR 6 trades per mo
or 66.66 percent WR 9 trades per mo .
Result net profit 3 R per mo
Is average consistent 3 R profit per month realistic?
The 3 R profit can be from any systems with positive expectancy
for example 50 % WR with 1:2 RR 6 trades per mo
or 66.66 percent WR 9 trades per mo .
Result net profit 3 R per mo