Dark Bands settings 82% win rate
These are my settings on Dark Bands.
Consistently making 70-80%+ win rate. (5m chart)
Concept of Dark Bands
follows price,
Shows upper and lower levels as price moves.
Intention is NOT to capture a break out. But to capture the return to the mean. As price expands away it gets pulled back like a rubber band.
How to use
Buy/Sell signal sent when price returns back to the bands after a breakout and closes candle body inside (not wick).
Once you get a signal watch the NEXT candle if it shows early signs of continuation. THIS is when you enter. NOT at the END of last candle (signal).
Live eg.
Got a signal on new hr candle (not good. as new hr candle has a lot of volume and usually pushes and pulls before settling down. best to wait 5m) Candle went straight up to test higher high. Ignore Sell and wait for red candle.
Next candle was red so entered.
Hit TP. Could have closed for full TP. But closed 50%. Made SL to Break even
Price came back and closed for $23.5. Could have made $40-$50 if I closed on full TP
Trade took 6 min.
Almost $0 DD
Look for 4-5 of these per day = $2k-$4k a month. 🤔
You have all the tools I gave you.
Work on the execution.
🙏
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Dark Bands settings 82% win rate
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