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Highest Open / Lowest Open Trade

  • #13,221
  • Aug 8, 2018 1:54pm Aug 8, 2018 1:54pm
Quoting Newt
{quote} The area of interest are correctly on the 1h? When I look at the 15m, I can't find the same entry? I'm right now trying to setup a demo account for metatrader 5.. Does the indicator works in metatrader 5 or only in metatrader 4? (can't find a metatrader 4 installation.) {image}
Does the indicator works in metatrader 5 or only in metatrader 4?

So far as I know, the indicator works only in mt4. I am sure some enterprising coder could adapt it (with permission from SwingMan, of course). I don't think anyone has done so so far - but I could be wrong.

EDIT: I am wrong. I forgot about this one:

https://www.forexfactory.com/showthr...1#post10981741

Post #12746

Many thanks again to Hairi.

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File Type: ex5 HOLO-mt5-from-Hairi.ex5   26 KB | 741 downloads
  • #13,222
  • Aug 9, 2018 12:38am Aug 9, 2018 12:38am
Quoting lemercenaire
{quote} Hi again, Newt. Here's the 3rd of July UJ. Can you mark up which candle(s) you are asking about? {image} {image}
Hi Lem.
Thanks for the explanation yesterday, I know it was addressed to newt, but it is also a lot of help to me
Regards
Kev
  • #13,223
  • Aug 9, 2018 12:46am Aug 9, 2018 12:46am
Hi everyone
Cable 6.40 uk time.
Higher open 1.2886 .Higher High 1.2889
Lower open 1.2863 lower low 1.2853
Yesterday's low 1.2854, and todayst low 1.2851, but the low bounced quickly back into yesterday's daily range.
I'll see where price is in an hour or two
Regards
Kev
  • #13,224
  • Aug 9, 2018 4:47am Aug 9, 2018 4:47am
Lemercenaire, when you have a moment again, won't you please look at my DAX-H1 chart attached and help me to understand an issue that I simply am battling with?

Starting with candle "A" at my open, it first goes UP and then descended through open price which was 12647 and it ran down for some 36 pips before it closed for 22 pips.

Candle B took the price down to 12582 and took out my TP for +50. It then also reverses and went all the way up passed candle A's Open price, before it receded to close @ 12639. ( Have I switched to M-15, I could have taken that long within the spike marked "B", but that is not my point of discussion right now.)

Candle "C" then went up for some 10 pips and receded through its open @ 12639 ( Black line ending at "G") - Was entry legit for short?

Candle "D" has a 14 pip wick and seeing that we had Higher Lows, I decided to trade the open of the candle marked with a Black-line.

Candle "E" came down to -1 while my Stop was still unaffected and my concern was that I misread this entry, but luckily for me, it did not take me out and ended up with a good profit.

Candle "F" has a spike of 17 pips and once again taking M-15 into consideration, I took that short at the open of that candle - marked in Yellow.

Kindly critique the above at your convenience please.

Continued success to you.
Attached Image (click to enlarge)
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Hercs
  • #13,225
  • Aug 9, 2018 5:28am Aug 9, 2018 5:28am
@Lemercenaire
I understand it MUCH better know, I was misunderstanding the switchover from 1h to 15 min. Thanks alot for the help.

From a previous post, I found out that a site had metatrader 4 installation files, so I have it up and running now.
(It wont change the label with the currency tho, but minor thing that doesn't matter for me)

I'll focus on USDJPY 1h and 15min and post if I find a trade. If anyone spot a trade in the USDJPY, please post it in here - just so i'm sure that I understand it.

Attached Image (click to enlarge)
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  • #13,226
  • Aug 9, 2018 6:14am Aug 9, 2018 6:14am
Quoting Hercs
Lemercenaire, when you have a moment again, won't you please look at my DAX-H1 chart attached and help me to understand an issue that I simply am battling with? Starting with candle "A" at my open, it first goes UP and then descended through open price which was 12647 and it ran down for some 36 pips before it closed for 22 pips. Candle B took the price down to 12582 and took out my TP for +50. It then also reverses and went all the way up passed candle A's Open price, before it receded to close @ 12639. ( Have I switched to M-15, I could have taken...
Hi Hercs. Sure thing. It'll be the same as yesterday, as I will post at the end of the day.
  • #13,227
  • Aug 9, 2018 6:18am Aug 9, 2018 6:18am
Quoting Newt
@Lemercenaire I understand it MUCH better know, I was misunderstanding the switchover from 1h to 15 min. Thanks alot for the help. From a previous post, I found out that a site had metatrader 4 installation files, so I have it up and running now. (It wont change the label with the currency tho, but minor thing that doesn't matter for me) I'll focus on USDJPY 1h and 15min and post if I find a trade. If anyone spot a trade in the USDJPY, please post it in here - just so i'm sure that I understand it. {image}...
Glad it is making sense.

The reason that the label won't change is because you don't have the Watermark Indicator attached. This is -Technology and comes from the place called The Other Galaxy.

You say it doesn't bother you but it will, lol. Also it makes it really confusing to read a chart when the viewer doesn't realise that the watermark is the wrong chart!

I will pm you with directions across the galaxy.
  • #13,228
  • Aug 9, 2018 6:20am Aug 9, 2018 6:20am
Quoting lemercenaire
{quote} Glad it is making sense. The reason that the label won't change is because you don't have the Watermark Indicator attached. This is -Technology and comes from the place called The Other Galaxy. You say it doesn't bother you but it will, lol. Also it makes it really confusing to read a chart when the viewer doesn't realise that the watermark is the wrong chart! I will pm you with directions across the galaxy.
Oh and you could be in a Short possibility at the moment on UJ.
  • #13,229
  • Aug 9, 2018 6:29am Aug 9, 2018 6:29am
Hi Lem
Would we have to wait for a 15 min bar to close / open in the area of interest first ?
Regards
Kev
  • #13,230
  • Aug 9, 2018 6:31am Aug 9, 2018 6:31am
Quoting lemercenaire
{quote} Oh and you could be in a Short possibility at the moment on UJ.
Sorry Lem I meant to send my last post with this qoute
Regards
Kev
  • #13,231
  • Aug 9, 2018 6:36am Aug 9, 2018 6:36am
Quoting kevin1959
Hi Lem Would we have to wait for a 15 min bar to close / open in the area of interest first ? Regards Kev
The m15 (or m5 if you prefer) has to open in the Area of Interest. It does not need to close.
  • #13,232
  • Aug 9, 2018 7:03am Aug 9, 2018 7:03am
Quoting lemercenaire
{quote} The m15 (or m5 if you prefer) has to open in the Area of Interest. It does not need to close.
So there was a trade in the UJ? If thats the case, can you point it out on the m15?
  • #13,233
  • Aug 9, 2018 7:06am Aug 9, 2018 7:06am
Quoting lemercenaire
{quote} Glad it is making sense. The reason that the label won't change is because you don't have the Watermark Indicator attached. This is -Technology and comes from the place called The Other Galaxy. You say it doesn't bother you but it will, lol. Also it makes it really confusing to read a chart when the viewer doesn't realise that the watermark is the wrong chart! I will pm you with directions across the galaxy.
Haha i love that.. Aliens My avatar is from there and my name is aswell, if anyone recognize it Agree btw, for the sake of posting pictures etc. it does make sense to get it fixed. Got the e-mail/pm, will read it tonight.
  • #13,234
  • Aug 9, 2018 7:41am Aug 9, 2018 7:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13,235
  • Aug 9, 2018 7:44am Aug 9, 2018 7:44am
BTC. 86.2 pips or how are pips counted on BTC...
Attached Image (click to enlarge)
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Anything above the line is an uptrend, below the line is a downtrend.
  • #13,236
  • Aug 9, 2018 7:49am Aug 9, 2018 7:49am
Quoting TooSlow
{image}
what should i do to not miss opportunities ???
just miss this one with one bar
Investing is SIMPLE but NOT EASY
  • #13,237
  • Aug 9, 2018 9:40am Aug 9, 2018 9:40am
Quoting Newt
{quote} So there was a trade in the UJ? If thats the case, can you point it out on the m15?
No. It was setting up but price just dropped away, didn't cross the line (unless it did so later on, I didn't watch it and haven't checked).

It may have run as a 1-2-3. Again, I'd have to check.
  • #13,238
  • Aug 9, 2018 9:41am Aug 9, 2018 9:41am
Quoting Newt
{quote} Haha i love that.. Aliens My avatar is from there and my name is aswell, if anyone recognize it Agree btw, for the sake of posting pictures etc. it does make sense to get it fixed. Got the e-mail/pm, will read it tonight.
Oh I got the references! We have a Nostromo here as well
  • #13,239
  • Aug 9, 2018 9:42am Aug 9, 2018 9:42am
Quoting Degolep
BTC. 86.2 pips or how are pips counted on BTC... {image}
What are your spreads on that thing? I'd have thought it would be unusable.
  • #13,240
  • Aug 9, 2018 10:05am Aug 9, 2018 10:05am
Quoting lemercenaire
{quote} What are your spreads on that thing? I'd have thought it would be unusable.
To be honest I don't know exactly because it doesn't show right in the mt4 as you saw in the picture.

I have an icmarkets True ECN account. https://www.icmarkets.com/en/trading-pricing/spreads
Anything above the line is an uptrend, below the line is a downtrend.
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