First hour trading - simple strategies for consistent profits

This is a discussion on Simple DAX Strategy??? Community Links Members List. Oct 4, Hi All Now would this work??? I'm thinking 20 first 30 point target, but unsure of the stop loss which might be point range?? Had a glance back profits the last couple of weeks and looked a possiblility, simple not profits how it would pan out longer term?

Does anyone use a similar system or could kindly provide some backtest data maybe? Oct 6,1: I've been trading the Dax on and off for first 4 years and, to my shame, can't give you the facts and figures that would answer your quesitons. I can offer some impressions, though: I suspect that you might be better looking at the first 2 hours rather than the first hour would doubtless reduce the number of trades trading greatly increase the success-ratenot have a fixed target thereby depriving yourself of consistent chance to catch a big move seems counter-intuitive to me, anywayand using a slightly wider stop-loss than you suggest because the Consistent is certainly noisier than, say, the FTSE Oct 6,2: Having thought a bit more and looked at hourly and half-hourly candlesticks for the last couple of months of the Dax, I realise that what I've suggested above is such a completely different system from what you were asking trading that first there's little point in comparing the for ideas.

Specifically, using a 2-hour breakout rather than strategies 1-hour breakout means that on several days one would be shorting rather going long, and vice-versa. All of hour perhaps says something about the arbitrary nature of some of these systems.

Nevertheless, both the "systems" proposed above profits to simple healthily positive returns over the last couple of months. A point target is very rarely achieved anyway, as it turns first not that 2 months' back-testing is sufficient to prove this point, obviously!

I've looked at all the usual things I currently display on charts for consistent trading which are too many! But thanks for providing the stimulus for my th post here. Oct 6,8: Hi Roberto Many thanks for the profits. It was just an idea that popped when I remembered that the DAX will generally go in a particular direction after 9am. Having a quick look back, it seemed a positive strategy.

I think a 10 point stop would simple enough simple a point target. Trailing stops are v difficult for this sort of thing trading as you suggest an MACD reversal may be a good exit point.

Perhaps I'll try with a breakeven stop at 10points gain! I'll also have more DAX data by that time! Happy th post BTW! Oct 9,1: I'll look at it in more detail when I have time for over the next few days and see if I can produce some back-testing results for entering the first hour breakout for with a point target and a fixed point stoploss, and b without a specific target but for at the first MACD reversal, also with a point stoploss.

I suspect hour these systems can sometimes have quite good results over a hour short period, but then lose their shirt if you run them indefinitely; but it might be interesting anyway. Oct 9,9: Hi Roberto Thanks for that. I intend to do the same this weekend. Probably go back 3 months and see if I can generate a 25 point target with a 10 point trail maybe? I remember being told quite a few months back that the DAX has this particular characteristic, so it might be more robust than you think.

We'll have to wait and see!! Oct 13,trading Well, nothing too spectacular, but profitable. I used a system with a 20 point target and a 12 point stop.

After a gain of around 12 points I moved the stop to breakeven. I only have 3 months worth of back data to work with, so results posted with caution. Not including hour or commissions, it ends up with around 80 points per month.

Not strategies this system could be improved upon! Results posted in attachment. Roberto, don't know if you came up with anything better or more strategies BTW, if anyone has any DAX intraday data I consistent import, I'd be eternally grateful!! Attached Files DAX 9AM Break. Thread Tools Show Printable Version. Search this Thread Advanced Search.

LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits Page 1 of 4. Originally Posted by cd We'll strategies to wait and see!! And the results are Cheers C Attached Files. Nov 21, 4: Nov 16, 5: Jan 28, Dec 2, 5: Currently Active Users Viewing This Thread: