EURCAD +7 
Highest Open / Lowest Open Trade
- #15,324
- Sep 25, 2020 7:52am Sep 25, 2020 7:52am
New version of the HOLO Scanner is available. A few bug fixes and a couple new features. Details here: https://github.com/deankinane/HOLO_S...eases/tag/1.02
Wonder if it's possible to put push notifications to mobile?
Thanks
Toppi
{quote} Very nice Scanner
Feasible however, I don't think so.
Mobile push notifications require either a custom built back-end service or the use of a third party service, both of which would have on-going costs (of both time and money) to operate .
Also as a reminder to everyone:
If you have questions or issues related to either of my EA's, please PM me or post to the GitHub repos.
This thread is about the TooSlow's method, not these tools.
The last thing I want is for the thread to become littered with posts about my EA's.
Thanks all!
- #15,329
- Edited 9:34am Sep 25, 2020 9:15am | Edited 9:34am
So I made another silly mistake now (and not for the first time).
I was short USDCAD and keeping an eye on it.
Then I took a work call.
While on the call, I saw another long opportunity form on AUDUSD after it retested the daily low and made a sharp move back up towards the open.
So I thought "hey it's fine, I can manage two trades together, while on the phone!"...
Well yeah... managing the trades wasn't the issue... the issue was that, as per my own rules, I shouldn't have taken the AUDUSD trade in the first place as that over exposed me to USD! I was now short USD in both open trades!
Distracted by the call, I didn't realise my mistake until after AUDUSD plunged into the stop and I noticed USDCAD powering up into the other stop within seconds!
So another rule get's added to my list... if you can't give the chart your undivided attention when analysing a possible trade, close MT4 and don't open it again until you can!
With that I will close my trading week with a negative ROI, but hey, valuable lessons learned this week which is worth more than a few pips
Happy weekend everyone!
I was short USDCAD and keeping an eye on it.
Then I took a work call.
While on the call, I saw another long opportunity form on AUDUSD after it retested the daily low and made a sharp move back up towards the open.
So I thought "hey it's fine, I can manage two trades together, while on the phone!"...
Well yeah... managing the trades wasn't the issue... the issue was that, as per my own rules, I shouldn't have taken the AUDUSD trade in the first place as that over exposed me to USD! I was now short USD in both open trades!
Distracted by the call, I didn't realise my mistake until after AUDUSD plunged into the stop and I noticed USDCAD powering up into the other stop within seconds!
So another rule get's added to my list... if you can't give the chart your undivided attention when analysing a possible trade, close MT4 and don't open it again until you can!
With that I will close my trading week with a negative ROI, but hey, valuable lessons learned this week which is worth more than a few pips
Happy weekend everyone!
- #15,331
- Sep 25, 2020 9:53am Sep 25, 2020 9:53am
- | Joined Nov 2012 | Status: No Impact Member (bottom 1%) | 741 Posts
So I made another silly mistake now (and not for the first time). I was short USDCAD and keeping an eye on it. Then I took a work call. While on the call, I saw another long opportunity form on AUDUSD after it retested the daily low and made a sharp move back up towards the open. So I thought "hey it's fine, I can manage two trades together, while on the phone!"...
{quote} Hou have a huge spread on that pair. 1.9 pips. I wouldnt trade that for a few pips. How big was your stop? On most trades jou exit with +1 pip. You are ok with that?
I wouldn't consider 1.9 pips a huge spread.
Do others think it is?
Sure it's on the edge of what I'd generally feel comfortable with but the majority of pairs have spreads between 1 and 2 pips (on Oanda anyway).
In this case my stop was 9 pips.
Am I okay with +1 pip?
Sure, it's better than a loss.
Am I okay if every trade was +1 pip?
Long term, well no as that won't be profitable.
Right now though, I'm fine with +10 pips or -10 pips because I'm only learning.
I don't expect to have get everything right this week, next week, next month or even next year!
But hopefully I'll learn from the losses and the wins too, big or small, and gradually I'll become a better trader!
{quote} Well 2 pips spread +10 pips stop times 2. You have a lot of +1 pips to make. Question is if moving stop to breakeven isnt narrowing the potential. It might just not be a good idea. But that's just me.
For now I'm just following the method describe in this thread which is move to BE+1 at +5 pips, then BE +5 at +10 pips and trail from there.
In many cases if the stop get's taken out at BE+1 there's another opportunity for a re-entry on the M5 (or even the M1) anyway.
This week though I set myself a rule to only use M15 entries, so I stuck to it.
Another part of the method described by TooSlow is watching the M1 candles during the trade and potentially closing out manually if the momentum is shifting against you. I've been switching to the M1 now after every entry and watching closely (when I can) and there have been a few cases where I felt like closing manually at +5 or more pips might be the correct move, but I just let it run into the stop as I wasn't sure.
Again, I'm only learning
- #15,335
- Sep 25, 2020 11:11am Sep 25, 2020 11:11am
- Joined Mar 2012 | Status: Trader | 14,346 Posts | Online Now
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #15,336
- Sep 25, 2020 11:12am Sep 25, 2020 11:12am
- Joined Mar 2012 | Status: Trader | 14,346 Posts | Online Now
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #15,337
- Sep 26, 2020 10:31am Sep 26, 2020 10:31am
- Joined Mar 2012 | Status: Trader | 14,346 Posts | Online Now
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
I've had a few people express interest in using the EA I created to help manage my HOLO trades. So I've decided to make it available for others to use. I'm also posting another EA that alerts when HOLO setups appear across a customisable list of pairs. Naturally, I take no responsibility for any trades placed using either of the EAs provided in this post. These were created for my personal use and suited to my personal approach to this method. I'm releasing only on request from some members of the community. Please test these on DEMO ONLY until...
. You stated; " The HOLO Scanner will check for entries in the configured list of currency pairs and displays buttons that will open a chart on that pair when clicked.
You can choose to scan for M5 or M15 entries.
The button will go green if there is a potential setup and there are optional alerts too.
You can also specify a template to be loaded into the newly opened chart windows.
I have my template set up with the HOLO Trade Manager so it's loaded automatically when a new chart window is opened. "
The former, I like that feature however I've tried to no avail. The latter keeps showing a chart which I had not specified. I believe I had saved my template and profile under TS' smHiLoOpen Lines_v1.2 indicator chart settings BUT when I click on the Buttons that go green, another different chart keeps popping up to which I have to change again and again... Sigh!
Any idea how to go about setting and specifying the template I want to show up whenever clicking the buttons?! Would appreciate this helping gesture. Much thanks...
