CAP Close trading / back to an old level trading
Cap Close Strategie
I checked manual EURUSD, DAX and DOW JONES with data from investing.com for 2022-2023
EURUSD
Days times % close
1st day 481 93.22
2nd day 6 1.16
3rd day 2 0.39
4th day 3 0.58
95.35 % after 4 days
DOW Jones
times % closed
1st day 325 63.85
2nd day 43 8.45
3rd day 21 4.13
4th day 15 2.95
5th day 9 1.77
81.14 % after 5 days
DAX
times % closed
1st day 289 56.78
2nd day 54 10.61
3rd day 29 5.70
4th day 18 3.54
5th day 17 3.34
79.96 % after 5 days
new parameters:
- Target (Take Profit): candle close on a specific time. eg. 17:30, 1 min, 5 Min, 30 Min.
- Distance from Target: in Points or % ATR to open a trade towards Target Price.
- min distance in Points or % ATR to open a trade.
- Distance to Target in Points or % ATR for later or earlier trade close. (under- overshoot target price)
Signal should be valid for 24h. Can become multiple time filled/closed
If open trade is not closed on day one, have new deals should be possible daily (0-x time) and run them parallel
Example:
at 17:30 EURUSD is 1.100
active Periode 1: 09:00-10:00. we open trade at 1.112
close at 1.102
Not closed days are mostly when a strong trend begins, avoid with news filter
There is not a typical signal. Its a trade back to a past price. Typical to the pre day close (pdc). This time changes depend on choosen index (US/EUROPE/ASIA. Init the trade with a minimum distance, add with martingale. I would use an active time filter to allow init trade on new day.