"There's no certitude, only opportunities."
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Testing and Trading Hours.
Why?
If you think opening hour is exactly the same psychologie that closing, if you think mid day is similar to statistic hour, then this indicator is not for you. But if you want to test specifics setups with specials ou non special hours, may be you can use this filter and make more profitable trading.
Mogalef Hour Selector
Exemple.
Some wedges were selected whith the following indicators :
-
Mogalef Rising Wedge
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Mogalef Falling Wedge
These wedges seems to win just a little bit if we use them from 9.00 to 20.00.
But :
It's bad from 9.00 to 12.00
It's not so good from 12.00 to 15.30.
It's really good from 15.30 to 17.30.
The wedges we have selected must be used as entry points only when the US market is open !
Note : the only exit condition here is a Time Stop 8 periods (2 hours).