US30 Dow Scalper

What's new in V2.0

• Improved calculation of total profit in the control panel
• Alert for daylight saving time change
• New updated settings file V2.0 and performance comparison table, adjusting some key settings 

In this version, performance has been improved by adding two new parameters described below and also in the User Manual. See the new screenshots comparing previous version and version V1.9

• Price proximity safety margin (pips)

This parameter defines a safety buffer in pips to check if the current market price is too close to the pending order's entry level. It prevents order execution errors or immediate slippage when the market is hovering near the trigger price.

•  Price proximity safety offset (%)

If the proximity margin check fails (price too close), this percentage value is added to the original stop price to shift the entry level further away. It ensures the pending order maintains a valid distance from the current price, allowing for successful placement according to broker requirements and/or adequately shifting the entry level in the event of a widely hovering price. Determine the appropriate value through backtesting. In my experience, higher values provide higher reliability.

  

Setting advice: Monday trading on US30

• According to many cyclical analysis theories (such as ICT or Market Profile), Monday (and partially Tuesday) is when the market establishes the highs and lows for the week.
• Monday is often a day of “positioning” with reduced volumes. The price tends to fluctuate without a clear direction (trading range) because the index has to reabsorb everything that happened over the weekend (geopolitical news, Sunday statements).
• Monday is used to “close the gap” or to test the remaining uncovered liquidity, making the movement very volatile and directionless.

Based on my backtests, trading on Mondays results in an increase in profit of about 10%, but with a higher drawdown and an increase in losing trades.

Traders should therefore consider whether to activate Mondays in their settings, based on their trading style and the volatility that can be expected on Mondays due to events that occurred over the weekend that could make the market very nervous