Neutral Zone Strategy

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02/02/2021 at 4:19 PM #160173 quote

Tanou
Participant

Senior

Hello everyone!

I’d like to share a strategy that was in the back of my head for a while now.

This strategy is based on the opening of the DowJones (it can maybe applied to other) . It makes a zone arround the level of opening x points over and under and once it crosses over or under this zone with a “flat ass” heikin ashi it buys or sells.

I’ve done two codes as I’d like to change the variable for the short and the long one individualy.

Please do not hesitate to give your opinion oryour improvements! 🙂

Cheers 😉

GraHal, Paul and PLermite thanked this post

Neutral-Zone-Long.itf Neutral-Zone-Short.itf

02/02/2021 at 4:21 PM #160176 quote

Tanou
Participant

Senior

@Paul , @Nonetheless 😉

02/02/2021 at 4:46 PM #160179 quote

Tanou
Participant

Senior

By the way its in 10 seconds !

02/02/2021 at 5:15 PM #160181 quote

Paul
Participant

Master

Thnx Tanou, I will’ve a look more closely later.

I had 10s on 1M bars open so here are some charts

GraHal thanked this post

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02/02/2021 at 5:28 PM #160186 quote

Tanou
Participant

Senior

Yep! I didn’t optimised much as I didn’t wanted to go too optimised. I just thought that ther could be some improvements, some changes to make and I wanted to get your point of vue!

02/02/2021 at 5:33 PM #160187 quote

Paul
Participant

Master

just had a look at the other, one thing I see is that you say long & short only, both both strategies have long and short. Haven’t looked further…

Here are some short pics.

Midlanddave thanked this post

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02/02/2021 at 5:36 PM #160192 quote

Tanou
Participant

Senior

Yes @Paul you’re right! Of the result of the first trade (short or long ) is negative then it closes the trade at the exit of the zone by the other side and enters in the opposite direction! After that the code stops for the day regardless of the result of the second trade

02/02/2021 at 6:03 PM #160196 quote

Paul
Participant

Master

ahh I see and it makes sense. I think that’s one way to cut of a losing trade. Important is the maximum zone range, because that could equal max losses. You didn’t have a hard stoploss, so if a scenario happens with 2 trades, does the 2nd trade have a stoploss / max loss too?

02/02/2021 at 6:57 PM #160201 quote

Tanou
Participant

Senior

Yep! That’s right! The first one has the stop with the band and the second one the band stop as well!

Paul thanked this post

02/02/2021 at 8:11 PM #160202 quote

Paul
Participant

Master

@Tanou thnx. Do you think there is a higher probability that the market chooses a direction based on the direction from 8 or 9 to 1530 or dopen(0) to 1530? Could it also be programmed on 1 minute or higher which would benefit backtesting. This strategy should then be suitable for stop/limit entry perhaps.

02/02/2021 at 9:51 PM #160209 quote

Tanou
Participant

Senior

Hey Paul I didn’t quite get what you mean! Could you explain a bit more?

Regarding the UT yes but I’m afffaid it won’t be reactive enough as it can take small movements sometimes!

02/02/2021 at 11:49 PM #160211 quote

zilliq
Participant

Master

It’s called an ORB Strategy, or quite the same 😉

I think you will find a lot of informations on this strategy on Google

Have a nice day

02/03/2021 at 1:53 PM #160246 quote

Tanou
Participant

Senior

Hey @zilliq! Glad to see you here 🙂

I send you several messages through your website but no answers… :/

I’ll have a look at that!

02/03/2021 at 6:34 PM #160277 quote

MAKSIDE
Participant

Veteran

interesting..

I don’t use the same strategy but i’m testing a strategy on the DAX which uses the open time 9am

02/03/2021 at 6:34 PM #160278 quote

MAKSIDE
Participant

Veteran

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