Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#15,481
Oct 30, 2020 8:51am Oct 30, 2020 8:51am

birdland
Joined Aug 2010 | Status: absolute beginner | 5,464 Posts

Quoting here2there

Disliked

{quote} Let me see if I understand you correctly. EU = EURUSD GU = GBPUSD UJ = USDJPY UC = USDCAD AU = AUDUSD Is that correct?

Ignored

yes, exactly, also called the majors

trading is like dancing, don't think and just listen to the music!

#15,482
Oct 30, 2020 2:56pm Oct 30, 2020 2:56pm

sam_777
| Joined Jul 2012 | Status: Trader | 18 Posts

MichaelG - Lowest open but a new low in the same hour. So, we cannot pull the trigger in the same hour and we wait. Is the lowest open still valid because a new low was made?
In the subsequent hour/hours, the lowest open of the day remains unchanged and so does the low of the day. Do we still wait to have an open (on a smaller time frame whatever that may be) to be below the lowest open of the day, to go long? I think I know the answer (yes in both the cases), but just want confirmation. Thanks, Sam

#15,483
Oct 30, 2020 8:27pm Oct 30, 2020 8:27pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting sam_777

Disliked

MichaelG - Lowest open but a new low in the same hour. So, we cannot pull the trigger in the same hour and we wait. Is the lowest open still valid because a new low was made? In the subsequent hour/hours, the lowest open of the day remains unchanged and so does the low of the day. Do we still wait to have an open (on a smaller time frame whatever that may be) to be below the lowest open of the day, to go long? I think I know the answer (yes in both the cases), but just want confirmation. Thanks, Sam

Ignored

Not Michael but as he isn't about as much, I hope it's ok to answer for him. Anyway, the answer is yes to both.

#15,484
Nov 1, 2020 6:04am Nov 1, 2020 6:04am

TooSlow
Joined Mar 2012 | Status: Trader | 14,342 Posts

Who is taking the 10 trade challenge the week of November 1, 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!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#15,485
Nov 3, 2020 9:32am Nov 3, 2020 9:32am

Nino
| Joined Jun 2011 | Status: Trader | 51 Posts

First trade of the week, E/G trailing +4,7

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#15,486
Nov 6, 2020 5:47am Nov 6, 2020 5:47am

hsav646
| Joined Jun 2017 | Status: Trader | 70 Posts

GBPUSD... +20.6 pips

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#15,487
Nov 6, 2020 6:23am Nov 6, 2020 6:23am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting hsav646

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GBPUSD... +20.6 pips {image}

Ignored

HOLO does love a range!!! Nicely done.

#15,488
Nov 7, 2020 9:48am Nov 7, 2020 9:48am

TooSlow
Joined Mar 2012 | Status: Trader | 14,342 Posts

Who is taking the 10 trade challenge the week of November 8, 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!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#15,489
Nov 9, 2020 6:49pm Nov 9, 2020 6:49pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,342 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#15,490
Nov 11, 2020 7:26am Nov 11, 2020 7:26am

Nino
| Joined Jun 2011 | Status: Trader | 51 Posts

Hello, EG trailing.

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#15,491
Nov 12, 2020 7:08am Nov 12, 2020 7:08am

Alt-leo
| Joined Feb 2019 | Status: Trader | 8 Posts

I am using this method for the past 4 days and studied for the past 2 weeks.

I deposit my live account. attached are 2 images of the result.

I know that there are 3 trades are different pair. Most of my trades taken from aususd pair.

What i learn and keep improving:
1. Patience to wait for the right location and signal
2. Focus on 1 pair
3. Dont afraid with price movement
4. The most important: empty your mind and throw all your trading knowledge to trash bin.

Follow the rules, patience and focus.

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#15,492
Nov 14, 2020 8:20am Nov 14, 2020 8:20am

TooSlow
Joined Mar 2012 | Status: Trader | 14,342 Posts

Quoting Alt-leo

Disliked

I am using this method for the past 4 days and studied for the past 2 weeks. I deposit my live account. attached are 2 images of the result. I know that there are 3 trades are different pair. Most of my trades taken from aususd pair. What i learn and keep improving: 1. Patience to wait for the right location and signal 2. Focus on 1 pair 3. Dont afraid with price movement 4. The most important: empty your mind and throw all your trading knowledge to trash bin. Follow the rules, patience and focus. {image} {image}

Ignored

Almost 20% return in 4 days. You have done well, Mate. Cheers!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#15,493
Nov 14, 2020 8:22am Nov 14, 2020 8:22am

TooSlow
Joined Mar 2012 | Status: Trader | 14,342 Posts

Who is taking the 10 trade challenge the week of November 15, 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!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#15,494
Nov 18, 2020 2:15am Nov 18, 2020 2:15am

JustPipMe
Joined Mar 2018 | Status: Trader | 788 Posts

Quoting TooSlow

Disliked

Who is taking the 10 trade challenge the week of November 15, 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!

Ignored

what’s your favorite pair? UJ?

A snails pace wins the race :-)

#15,495
Edited Nov 19, 2020 2:49am Nov 18, 2020 2:24pm | Edited Nov 19, 2020 2:49am

Sepp1985
| Joined Jan 2018 | Status: Trader | 20 Posts

Quoting Aeson

Disliked

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...

Ignored

Wow! This thread is just amazing!!! Went through almost all pages. Which took more than 5 days. Will definitely join the weekly challenge. Great work on the trade manager. I would have one request for it. Or as you said, you will post it on github, I could even try to program it myself. Currently, when you set the amount of risk to 1, you automatically will use a compound of risk. I never trade that way, but rather use a fixed amount of money or a fixed percentage of my starting balance until I withdraw (or blow the account

) Question would be, you will be sharing the code? If not, would there be a possibility to implement like a fixed money risk to avoid compounding.

Thanks to all who contribute so much to this thread and I love the simplicity. Keep up the good work.

EDIT:
Went through the thread again. Probably missed the github link! Thanks!