• Overview
  • Reviews (5)
  • Comments (14)
  • What's new

DR IDR Range Indicator

4

The DR IDR Range Indicator plots ADR, ODR and RDR ranges for a given amount of days in the past. A key feature that appears is that it calculates the success rate of the ranges for the shown days. This indicator is perfect for backtest since it shows ranges for all of the calculated days, not just the most recent sessions.

PRO VERSION
https://www.mql5.com/en/market/product/93360

Remember: this free version counts neutral days as true days, so stats might be slightly inflated. To get perfect and expanded statistics, take a look at the PRO version.


In the PRO version you can now:

  • use fully customizable advanced statistics to base your trades on
  • get an edge via calculating statistics on up to 3 different day periods all set by you
  • ability to generate more realistic stats by excluding neutral days
  • show visually integrated median retracement levels directly on the chart, which are all calculated based on chart data
  • Also in future versions you should expect the following: median extension, retirement setup success rate and more. Requests are welcome.

A session is registered as false when it confirms to the upside/downside and there is a candle closure below/above the opposite DR level.

To better understand the strategy used with this indicator, please refer to the Mas7er on Youtube or Discord. 

Note:

  • The strategy can calculate on the maximum amount of 5 minute candles on the chart. On my broker it's around 1500 days on a major pair like USDJPY.
  • The experts tab will show you the upside/downside confirmations and false sessions with the session number included. Session 0 is the current day. (Example: upside confirmed RDR 0).
  • If you get NaN% or 100% on your stats, try reloading via switching timeframes.

This product is still in beta. Any suggestions or observations are welcome.

Please give a review if you like the product! Thanks.


DISCLAIMER: I am not a financial advisor and this is not financial advice. Past results can't guarantee future profits. I cannot and won't be responsible for any losses you incur. Use this EA with proper risk management.

Reviews 5
walter202
14
walter202 2023.11.02 20:16 
 

It doesnt work for me I dont see the dr

csators
29
csators 2023.01.18 13:10 
 

I don't even know how long I've been looking for a viable, profitable strategy that isn't a scam... But for now, it seems that I've finally found the perfect indicator for me. Hidden Gem. Thanks man.

Nicopaul
14
Nicopaul 2023.09.28 11:37 
 

Only been using for a week now and it has really helped with my trading

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Botond Doczy Rossler
5 (2)
The   DR IDR Range Indicator PRO  plots ADR, ODR and RDR ranges for a given amount of days in the past. A key feature that appears is that it calculates the success rate of the ranges for the shown days. This indicator is perfect for backtest since it shows ranges for all of the calculated days, not just the most recent sessions. In the PRO version you can now: use fully customizable advanced statistics to base your trades on get an edge via calculating statistics on up to 3 different day period
Smart Range Breakout EA
Botond Doczy Rossler
3.67 (3)
Smart Range Breakout EA is a fully automated time range breakout strategy, which uses calculated trailing stop-loss to trade high volume moves on the market. The strategy comes with not overly optimized default settings, however it can be experimented with. This expert advisor does not use any martingale, grid or similar techniques, therefore there are no spikes in the relative equity drawdown. LIVE PERFORMANCE : https://www.mql5.com/en/signals/1823580 The strategy works best on USDJPY  and EURU
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walter202
14
walter202 2023.11.02 20:16 
 

It doesnt work for me I dont see the dr

sinh927
117
sinh927 2023.10.16 04:46 
 

This indicator does not work. If this indicator is removed, the object will remain.

Peter Scott
96
Peter Scott 2023.10.07 06:46 
 

User didn't leave any comment to the rating

Nicopaul
14
Nicopaul 2023.09.28 11:37 
 

Only been using for a week now and it has really helped with my trading

csators
29
csators 2023.01.18 13:10 
 

I don't even know how long I've been looking for a viable, profitable strategy that isn't a scam... But for now, it seems that I've finally found the perfect indicator for me. Hidden Gem. Thanks man.

Reply to review
Version 1.2 2023.01.23
- max number of days is theoretically unlimited now - only limited by your broker
- number of days is shown on label
- stat is accurate even if you input a number higher than you broker's max candles
Version 1.1 2023.01.17
- increased stat accuracy