Highest Open / Lowest Open Trade

Quoting Aeson

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Re-entered EURJPY a couple of candles later... +21 {image}

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Quoting AltosTrader

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{quote} Hi Aeson - to digress just a little - where did you get the order placement and handling EA HighOpenLowOpen ? Is it available somewhere ? Thanks.

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Quoting Aeson

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{quote} Hi Altos It's actually an EA I created myself to help manage the trades easier. It also draws the HiLo levels, market info (spread, bar close) and has alerts when new setups appear. I know there is an indi available for drawing the levels and I took some inspiration from that but simplified for my own use. If other's are interested in using it I can post it at some stage. It's not very customisable at the moment though so I'll need to do some work first so people can configure it for their own use.

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Quoting Aeson

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Re-entered EURJPY a couple of candles later... +21 {image}

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Quoting lemercenaire

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{quote} I used to have EJ as one of my favourite pairs running HOLO. Always worth keeping an eye on.

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Quoting TooSlow

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{quote} You are trading price and not time frames. The daily high and daily low are the same on all time frames. You must understand this.

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Quoting Aeson

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So I missed a good trade here, the reason being I was looking at the M15 and there was no setup. I saw the setup on the M5 and I was unsure what to do and ended up not taking the trade. The M15 candle had opened outside the area of interest and was green when the M5 setup happened. So here's a question: Is an M15 setup stronger than an M5 setup? If the M15 opens in the area of interest and is moving down that would seem to represent a stronger move in the direction we want than the scenario above. Of course in this case the M5 ended up being a +5...

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Quoting lueny_toons

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{quote} Hmm... Yes. I experienced this quite often too. Am EAGER to know TooSlow's thoughts on this as well. I supposed it's a question of how many more opportunities one gets at various TFs. If M5 one wd spot several more than M15 or H1. And M5 could have been that opportunity to get in since if a CS opened btwn H1 Lower/Higher Open and D1 Low/High (which is within area of interest) that warrants an entry following the rules... Yes ?

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Quoting lemercenaire

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{quote} It's a case of ''horses-for-courses''. Generally, the 15-min chart is advised for those starting out because it tends to be less frantic - just as you can imagine the 5-min is to the 1-min (which really isn't recommended for beginners - or anyone who isn't slightly mad, tbh, lol). Yes, you will sometimes miss trades but it all tends to balance out in the long run. Much better to stick to one tf at a time, not bounce back and forth. Once you feel more comfortable with the whole process, then you can look at the 5-min.

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Quoting SalmanM

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how things are going after 4 years, please

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Quoting Paymanz

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you obviously cannot say if its highest or lowest candle , as other people also mentioned. you need to set a time limit , asian session for example. and we can call it asian session breakout/reversal strategy.

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Quoting SalmanM

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Quoting TooSlow

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{quote} No labels on the chart. What do the lines show?

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