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You should use this strategy exclusively, without incorporating it into a broader strategy. Instead you should incorporate this strategy into all your overall 60-second trading strategy. It is really only effective when used as a part of a broader strategy. By using this as part of.
You essentially bet money on this prediction. You are shown how much money up front you will earn if your prediction is correct. If your prediction is wrong, you lose your bet and the money risked. If you predict correctly you get your money risked.
End Day Time. End Day Time is null till end of day 1 NewDay (Day! Ref(Day -1) OR BarIndex 0; printf n NewDay : " NewDay EndDay (Day! Ref(Day 1 printf n EndDay : " EndDay FirstBarTime ValueWhen(NewDay, TimeNum 1 EndTime ValueWhen(EndDay, TimeNum 1 SquareOffTime EndTime; /-Calculate ORB, and SL HighestOfDay HighestSince(NewDay, H,1 LowestOfDay LowestSince(NewDay, L,1 ORBH ValueWhen(NewDay, HighestOfDay,1) (1 (EntryBufferPct/100 ORBL ValueWhen(NewDay, LowestOfDay,1) (1 - (EntryBufferPct/100 /-Find Buy, Sell, Short Cover Signals BarsSinceNewDay BarsSince(NewDay BuySignal (H ORBH ) AND (BarsSinceNewDay EntryBarStart printf nBuySignal : " BuySignal ShortSignal (L ORBL ) AND (BarsSinceNewDay EntryBarStart) ; printf nShortSignal : " ShortSignal BarsSinceLastBuySignal (BarsSince(Ref(BuySignal,-1) 1 BarsSinceLastShortSignal (BarsSince(Ref(ShortSignal,-1) 1 BarsSinceLastEntrySignal Min(BarsSinceLastBuySignal, BarsSinceLastShortSignal BothEntrySignalsNull IsNull(BarsSinceLastBuySignal) AND IsNull(BarsSinceLastShortSignal /true for start of Day 1 printf nnBarsSinceNewDay : " BarsSinceNewDay printf nBarsSinceLastBuySignal : " BarsSinceLastBuySignal printf nBarsSinceLastShortSignal : " BarsSinceLastShortSignal printf n BarsSinceLastEntrySignal : " BarsSinceLastEntrySignal Buy (H ORBH ) AND (BarsSinceNewDay EntryBarStart) AND (BarsSinceNewDay EntryBarEnd) AND (BarsSinceNewDay BarsSinceLastEntrySignal) OR BothEntrySignalsNull Short (L ORBL ) AND (BarsSinceNewDay EntryBarStart) AND (BarsSinceNewDay EntryBarEnd) AND (BarsSinceNewDay BarsSinceLastEntrySignal) OR BothEntrySignalsNull BuyPrice IIf(Buy, Max(ORBH, O Null ShortPrice IIf(Short, Min(ORBL, Open Null ORBHSL ValueWhen(BuyPrice, BuyPrice) (1-(SLPct/100 ORBLSL ValueWhen(ShortPrice, ShortPrice) (1(SLPct/100 ORBHT arget ValueWhen(BuyPrice, BuyPrice) (1(TargetPct/100 ORBLT arget ValueWhen(ShortPrice, ShortPrice) (1-(TargetPct/100 Sell (L ORBHSL ) OR (H ORBHT arget) OR (TimeNum SquareOffTime-1) AND (BarsSinceNewDay BarsSinceLastBuySignal Cover (H ORBLSL ) OR (L ORBLT arget) OR (TimeNum SquareOffTime-1) AND (BarsSinceNewDay BarsSinceLastShortSignal SellPrice IIf(Sell, IIf(H ORBHT arget, ORBHT arget, Max(ORBHSL, L Null CoverPrice IIf(Cover, IIf(L ORBLT arget, ORBLT arget, Min(ORBLSL, H Null printf nBuy : " Buy printf nSell : " Sell printf nShort : " Short printf nCover : " Cover printf nORBH : " ORBH printf nORBL : " ORBL printf nBuyPrice : " BuyPrice printf nShortPrice : " ShortPrice printf nORBHSL : " ORBHSL printf nORBLSL : " ORBLSL printf nORBHT arget : " ORBHT arget printf nORBLT arget : " ORBLT arget /-Handle if ORB broken both sides on same bar /-And remove duplicate Sell Cover signals, since ExRem did not work as needed when Buy Sell on same bar orbBothSides IIf(Buy AND Short, 1,
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