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Highest Open / Lowest Open Trade

  • #15,381
  • Oct 6, 2020 7:24am Oct 6, 2020 7:24am
Quoting Aeson
{quote} In the settings for the HOLO Scanner you can specify the name of the template you wish to load when the charts open. The default name is HOLO.tpl but you can change it to anything you want. Hope that helps.
Much thanks Aeson for the revert. I played around with the EA and somehow found a way to make it work . So, all is gd

BUT found another issue. I was running 2 Broker platform using your HOLO Trade Mgr 1.03 and proceeded to place BUY Stop order (clicking on the green button) successfully on both the different Broker platform when the setup presented itself. Unfortunately price didn't go as planned and created a lower low of the day. So, I clicked on the Close Open/Pending button and on 1 Broker Platform it closed the PO out. However, the other Broker platform didn't activate the closing. Clicking on the button didn't do anything and the PO was still on the chart. Why is that so? Any idea... I had to manually close the live trade PO order.

Thanks for any thoughts into this. The refinements in the new V1.03 subtle and yet nicely done.

And TS..., am still doing the Challenge over and over again to sharpen the understanding into the HOLO trading simplicity
  • #15,382
  • Oct 7, 2020 2:41am Oct 7, 2020 2:41am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #15,383
  • Oct 7, 2020 9:36am Oct 7, 2020 9:36am
Quoting lueny_toons
{quote} Much thanks Aeson for the revert. I played around with the EA and somehow found a way to make it work . So, all is gd BUT found another issue. I was running 2 Broker platform using your HOLO Trade Mgr 1.03 and proceeded to place BUY Stop order (clicking on the green button) successfully on both the different Broker platform when the setup presented itself. Unfortunately price didn't go as planned and created a lower low of the day. So, I clicked on the Close Open/Pending button and on 1 Broker Platform it closed the PO out....
Hi lueny

I have no idea why that happened on the other broker platform.
I would need to see the logs from the time the issue occurred.

If it happens again you could check the Journal to see if any errors were printed there and let me know.
  • #15,384
  • Oct 7, 2020 9:37am Oct 7, 2020 9:37am
Quoting aadedare
GOLD {image}
Correct me if I'm wrong, but I don't believe this is a valid entry.
It looks like you've entered within the same hour as the breakout of the daily high.
  • #15,385
  • Oct 7, 2020 12:01pm Oct 7, 2020 12:01pm
Quoting Aeson
{quote} Hi lueny I have no idea why that happened on the other broker platform. I would need to see the logs from the time the issue occurred. If it happens again you could check the Journal to see if any errors were printed there and let me know.
Ok Eason. I'll look through the logs and if I can will send it to you. Then we check why it was such. Thanks...

Also, I'm attaching a short video snippet of an issue where the BUY Stop indicator doesn't stay locked to the H1 Low Open as seen in your charts. It's currently floating along with the price fluctuation. That's a big no-no, isn't it?? It should trigger the Buy Stop order at the H1 Low Open but if it's floating around how does it get triggered exactly at the H1 Open Low, right?! I was confused when I saw this...

I MAY be wrong in my understanding... Could you please enlighten me to the above? Thanks . That gap is also the amount of spread of that pair while it's floating around in the chart. I hope you understand my concerns and what I mean by the above in the video...
Attached File(s)
File Type: mp4 HOLO trade mgr 1.03 issues.mp4   4.8 MB | 1,234 downloads
  • #15,386
  • Oct 7, 2020 2:45pm Oct 7, 2020 2:45pm
Hi Lueny

For a long entry, the entry price is the H1 Low Open + the current spread.
This is because you want to buy when the Bid reaches the H1 Low Open, not the Ask.

Until you place the order, the entry price will adjust automatically as the spread changes.

Hope that clarifies things.
  • #15,387
  • Oct 7, 2020 2:52pm Oct 7, 2020 2:52pm
Just another reminder guys.

Please PM me with questions about the EA's rather than posting here.

This thread is about the HOLO method and I don't want to hijack the thread with too many posts about the EA's here.

Thanks all.
  • #15,388
  • Oct 7, 2020 10:34pm Oct 7, 2020 10:34pm
Quoting TooSlow
{quote} 1. is it possible to make 5% with you trading style, risking 1% per trade Yes. Of course, it is. 2. how long you trade this style? It is very profitabile? Variations of reversals for years. Yes, profitable. 3. Is there way to trade using this method, but not to scalp. I dont like scalping so much. Yes. Use highest/lowest daily open for last 30, 60 or 90 days and trade using H1 or H4 chart. 4. Is there a chance that this method stop working? I mean that, price do not react on this level (line)? Yes. When markets cease to exist. 5....
Hi TooSlow.

I have been doing my due diligence (reading..., attempting to understand and digest while doing the trades following the rules) from post #1 and most times certain live trade experiences got me to think long and hard, and to come back re-reading certain posts that I came across which I bookmarked for regular references. This is 1 such post...

Can you please ... provide me a clearer understanding to question #3. I wish to not scalp often too as age (and mainly time constrain) doesn't allow me to sit glued in front of my terminal hours long. I have to fulfill my duty as the sole bread winner of the family and have to work hard to put food on the table. Therefore, purely scalping doesn't seem to fit the task for me. If I could wish for a trading style/method following HOLO trading I would love to look at the charts every hour or every 4 hours while working and that..., won't not hurt my job security at the present moment. Therefore, I would love to understand how as you put it...;

3. Is there way to trade using this method, but not to scalp. I dont like scalping so much.

Yes.
Use highest/lowest daily open for last 30, 60 or 90 days and trade using H1 or H4 chart.


I re-read your answer to the question about "Using the highest/lowest daily open for last 30, 60 or 90 days and trade using H1 or H4 chart" many many times BUT somehow i don't seem to understand or make a breakthrough in that regard. Can you show in other ways to allow me to understand your thoughts on this better and clearer... .

Thanks TS ..., for the continued wisdom and wanting us discover while achieving enlightenment when we put in our live trades following the rules. I am also truly grateful for the continued "mentoring" for which I can't thank you enough for this.
  • #15,389
  • Oct 7, 2020 10:42pm Oct 7, 2020 10:42pm
Quoting Aeson
Hi Lueny For a long entry, the entry price is the H1 Low Open + the current spread. This is because you want to buy when the Bid reaches the H1 Low Open, not the Ask. Until you place the order, the entry price will adjust automatically as the spread changes. Hope that clarifies things.
Thanks Eason for the explanation to that. Ahh... now I understand.

And I do apologize (to you too TS) for posting this earlier which seemed to hijack the purpose of the thread. I shall and WILL from now PM you (Eason) on matters that's related to your HOLO Scanner and HOLO Trade Mgr.
  • #15,390
  • Oct 8, 2020 12:34am Oct 8, 2020 12:34am
Quoting aadedare
GOLD {image}
i know this is a win trade but i didnt see the price went down and went back in the area of interest ?
PATIENCE AND DISCIPLINE!
  • #15,391
  • Oct 8, 2020 6:41am Oct 8, 2020 6:41am
Here are two more trades, one closed at BE+1 and the other stopped at +5, have a nice day!

Trade 3

Attached Image (click to enlarge)
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Trade 4

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP-holo4.JPG Size: 116 KB
  • #15,392
  • Oct 8, 2020 7:31am Oct 8, 2020 7:31am
Finally took a some trades today
Didn't have any setups all week on EJ (while I was online).

Had a +1 first, then re-entered and closed for +5 after price started showing signs of rejection again at the same resistance level.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade51_EURJPY.png Size: 66 KB
  • #15,393
  • Oct 8, 2020 10:01am Oct 8, 2020 10:01am
Trailing stop hit at +6

Attached Image (click to enlarge)
Click to Enlarge Name: Trade52_EURJPY.png Size: 64 KB
  • #15,394
  • Oct 8, 2020 12:54pm Oct 8, 2020 12:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #15,395
  • Oct 9, 2020 8:34am Oct 9, 2020 8:34am
I Missed Gold today
Gold Moved 500pips
  • #15,396
  • Oct 9, 2020 10:35am Oct 9, 2020 10:35am
Quoting aadedare
I Missed Gold today Gold Moved 500pips
GOLD - 355.7 pips (day has not completed)
Current ADR 127.3% (as i type)

Where you got 500?
  • #15,397
  • Oct 9, 2020 1:01pm Oct 9, 2020 1:01pm
This is the last of the week stopped at BE+1, i will try again next week. Good weekend!

Trade 5

Attached Image (click to enlarge)
Click to Enlarge Name: EG-6.JPG Size: 117 KB
  • #15,398
  • Oct 9, 2020 2:14pm Oct 9, 2020 2:14pm
Quoting Nino
This is the last of the week stopped at BE+1, i will try again next week. Good weekend! Trade 5 {image}
Looking forward to seeing how all you new guys get on next week.
  • #15,399
  • Oct 10, 2020 6:22am Oct 10, 2020 6:22am
Quoting aadedare
GOLD {image}
hey aadedare, what do you mean by to avoid freight train trade on h4 chart?!
  • #15,400
  • Oct 10, 2020 12:24pm Oct 10, 2020 12:24pm
Who is taking the 10 trade challenge the week of October 11, 2020?
During the challenge, you are only to trade the same pair.

Beginners do not get to trade multiple pairs until they have mastered trading one single pair.

GREEN PIPS TO ALL.
Cheers!
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