HERE is how to make money consistently trading the open

Yes..the DAX is not US stocks

Mr Pesavanto's principle needs a little bit of fine tuning..but the overall approach is very valid!

What is the first thing that comes into your head when you think of trading the open?

 

You will never see a really consistent auto trading system..for if the big shots can't hack it..then rest assured the plebs will not

I have an automatic system for trading the open..that tells me my stop level..and my profit target..for one long trade and one short trade.. however..the most important bit is left to the little grey sponge that has evolved over billions of years..most do not realize what they have between their ears..and some even think that what they have between their legs is more important

 

Actually..2 trades works best..the R:R can be set at 1:4..gaps have a big impact on decision rules..full automation will never work..it is not possible..not even for those with $millions to spend on software development..but why should they care..after all..it is not "their" money

 

Volatility and significant price movement?

Yes I think your strategy will work more with stocks than futures. A stock price's open is generally the high/low of the day ~20% of the time. Not the case with futures though for some reason. It could be due to extended, overnight trading in futures unlike in stocks.

 

Yes.. volatility is a 2 edged sword..but if you are in the right place..at the right time..then you can shift the odds dramatically!

The problem of course..is..most want to be right..whereas being right has nothing to do with making money..but being wrong has everything to do with it..so..do not try to be right..and when you are wrong .make sure you do something about it

Those who say to avoid the first 30 min of trading..well.. obviously do not know the best way to do it..or the best market to do it in!

 

So what about the 0.50 and 0.20. 2.5:1. Apparently you finetuned it to get 4:1, along the years. Min. ADR still 0.50?

Regards, GO

 

This sounds like that garbage that The Rumpled One used to try and sell here called buy zone however it was backtested and found to be useless.

 

by whom? link?

 

i always suspicious of the two-line methods (even without guarantees): either author does not know (yet) what he is doing or looking for fools

 

Anytime you hear guarantee in this business, run the other way. The OP can guarantee you a big fat shit with 100% certainty.