How to Trade DR BASICS - 📈 DR IDR Trading Strategy Backtest (Part 1) | Themas7er | Summary and Q&A

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September 4, 2023
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How to Trade DR BASICS - 📈 DR IDR Trading Strategy Backtest (Part 1) | Themas7er

TL;DR

Backtesting results show the use of Dr IDR strategy for trading, focusing on rejection and confirmation from Dr IDR levels.

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Key Insights

  • 🪚 The backtesting results show the effectiveness of the Dr IDR strategy in identifying rejections and potential trade entries.
  • ✋ The strategy focuses on moment and rejection rather than price or higher time frame bias.
  • ✋ The retirement setup in the strategy provides an additional trade opportunity with defined stop loss and target levels.
  • ✋ Managing risk is an important aspect of the strategy, with the trader decreasing the stop loss and taking partial profits at specific levels.
  • 🧑‍🦽 The strategy requires manual checking and decision-making based on the Dr IDR levels and price action.
  • 🎚️ No confirmation in the market often leads to price staying within the Dr IDR levels and idea levels.
  • 💁 Rejections from the Dr IDR levels can provide valuable information for trade entries and potential profits.

Transcript

five rejections this is just talking 1000 words to me like rejecting rejecting we checked and we checked and rejected like we are not able to come above this level from the odr anymore and we are not able to close today the back testing is very simple very simple stuff very simple entries just using Dr IDR I'm not having a higher time frame bias I'... Read More

Questions & Answers

Q: What is the Dr IDR strategy?

The Dr IDR strategy involves looking for rejections and entries based on the Dr IDR levels. It focuses on the moment and does not consider price or higher time frame bias.

Q: How does the trader determine entries?

The trader determines entries based on rejections from the Dr and IDR levels. If there is no rejection or the price does not close above the IDR level, there is no entry.

Q: What is the retirement setup in the Dr IDR strategy?

The retirement setup occurs when there is a confirmation along with a return to the opposite IDR levels. Traders can enter a trade and set their stop loss and target levels accordingly.

Q: How does the trader manage risk in the Dr IDR strategy?

The trader manages risk by decreasing the stop loss if the trade is already one hour plus and by considering partial profits at specific levels, such as 0.5 or IDR levels.

Q: What is the Dr IDR strategy?

The Dr IDR strategy involves looking for rejections and entries based on the Dr IDR levels. It focuses on the moment and does not consider price or higher time frame bias.

More Insights

  • The backtesting results show the effectiveness of the Dr IDR strategy in identifying rejections and potential trade entries.

  • The strategy focuses on moment and rejection rather than price or higher time frame bias.

  • The retirement setup in the strategy provides an additional trade opportunity with defined stop loss and target levels.

  • Managing risk is an important aspect of the strategy, with the trader decreasing the stop loss and taking partial profits at specific levels.

  • The strategy requires manual checking and decision-making based on the Dr IDR levels and price action.

  • No confirmation in the market often leads to price staying within the Dr IDR levels and idea levels.

  • Rejections from the Dr IDR levels can provide valuable information for trade entries and potential profits.

  • Understanding and recognizing rejection patterns is crucial for successful implementation of the Dr IDR strategy.

Summary & Key Takeaways

  • The content discusses backtesting using the Dr IDR strategy, focusing on rejection and confirmation from Dr IDR levels.

  • The trader manually checks for rejections and entries based on the Dr IDR levels and moment, without considering price or higher time frame bias.

  • The strategy involves looking for long and short positions based on rejections from the Dr IDR levels, with specific stop loss and target levels.

  • The content also mentions a retirement setup, where a confirmation along with a return to the opposite IDR levels can be traded for potential profits.

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