Re: System based on rupture of Asian range + volume
Hello everyone, I've been trying out a system of my own that combines the rupture of the Asian rank with confirmation by volume. The results have been fairly consistent in the last three months, so I want to share it around here to bring something useful to the forum. The strategy is based on marking the range of the Asian session (00:00 - 06:00 GMT)
Re: System based on rupture of Asian range + volume
Interesting, can you explain how you define "volume confirmation"? Because if you use just tick volume, that's pretty misleading...
Re: System based on rupture of Asian range + volume
It sounds good, but the concept is not new. Many have already tried to exploit the Asian break-up and ended up fried by the fake break-ups. What do you do to filter those moves?
Re: System based on rupture of Asian range + volume
Thanks for sharing, I operate something similar but with EMA and RSI as confirmation. If your system has good filters, it could be very useful.
Re: System based on rupture of Asian range + volume
The volume indicator I use is not the typical volume of MT4. I work with real volume data through an external plugin that connects with future data. I use it to detect volume peaks that accompany the rupture. If the price breaks without volume, I do not enter.
Re: System based on rupture of Asian range + volume
I already knew that something weird was... real volume with future data, so this isn't for everyone, is it?
Re: System based on rupture of Asian range + volume
I can confirm that using the Asian rank as a base is very effective if it leaks well. It has worked mostly in pairs like GBPJPY or XAUUSD. However, you have to have a lot of discipline.
Re: System based on rupture of Asian range + volume
No need to always use real volume. I have also tested with adapted volume indicators, such as the Better Volume, which although not perfect, gives acceptable signals to filter inputs.
Re: System based on rupture of Asian range + volume
I tried that strategy, but I abandoned it. The false breakups made me crazy. I�m interested to know if you re-enter or just wait the next day.
Re: System based on rupture of Asian range + volume
Good question. I do not re-enter the same day if the first sign was false. I prefer to stay out and preserve capital. In this system, patience pays.