new period, so last one is completed if (j 0) / now draw high/low back over the recently completed period for (k tidxstartj-1; k tidxendj-1; k-) if (j-10) Zone1Upperk tclosej-1; Zone1Lowerk tclosej-1; inperiod j; / remember current period / for the current. Intraday trading the forex market. For Batfink settings set to -5 for Unknown demo Server This will place home line at 00:00GMT Time #property indicator_chart_window #property indicator_buffers 5 #property indicator_color1 White #property indicator_color2 White extern int LocalTimeZone 2; extern int DestTimeZone 0; extern int PipsForEntry 0; double Zone1Upper; double Zone1Lower;. However to date the best results for this system have come from trading the GBP/USD. The BatFink Signal indicator sets up our target signals.
The BatFink Daily Range Strategy (BF) was originally designed to be currencyspecific to the GBP/USD but was also found to be suitable for other pairs with a high daily range. Batfink Daily 4 / / Introduction: Draw Line at 00:00GMT Timezone Information - Indicator can be used for different Time Zones.
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It then breaks through, l1 and proceeds to Target. Monitor trade and when 1st target is reached re-set stoploss to SLB. Four pairs were chosen to test against this system, GBP/USD, CHY/USD, JPY/USD and. Intraday Trading: All trades that break entry Line 1 and 2 are taken throughout the day. SLA 10 pips above HL T2 and S2 70 pips above. Opens sell position and closes buy position when the last candle closes above the top line. Example: Trade taken when L1 is reached.
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