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Highest Open / Lowest Open Trade

  • #15,521
  • Dec 2, 2020 6:48pm Dec 2, 2020 6:48pm
Quoting phoenikz
{quote} Congratz.. was this with the rule : 0.01 lot x 10 times ?
Hi,

I am not using that lots. I am using 0.1 since i am comfortable with that lot.

Lot is irrelevant if you have understand and trust with your risk management skills.

Which lot do you more comfort? Thats determine how much money you comfort to lose.

If you are new trader, better use 0.01

Observe the market using demo accounts then move to live account once you ready.

Hope above answer your question.
  • #15,522
  • Dec 3, 2020 8:42am Dec 3, 2020 8:42am
Quoting lemercenaire
{quote} Backtesting is useless. Forward test only. Yes, your example is correct.
This thread has been around since 2016. Someone comes along and decides to "backtest". Do they believe we have missed something in the past 4 years?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,523
  • Edited 10:34pm Dec 3, 2020 12:19pm | Edited 10:34pm
Quoting TooSlow
{quote} This thread has been around since 2016. Someone comes along and decides to "backtest". Do they believe we have missed something in the past 4 years?


Not at all. If you read the post,
Quote
I am aware that the strategy is profitable according to the comments etc., so this is not to discredit it in any way!
. Backtesting is usually and note I say 'usally' the best way to familiarize yourself with a strategy. I came to ask a question and verify with this community (which after all, is the whole point...) about tradingview specifically saying that I don't believe it's the best platform to backtest on as it always shows the candle close thus making it confusing for entry/exits. A community member lemercenaire kindly answered and verified. That's it...

Either way, I took his feedback and now sticking with forward testing and seeing some consistency. Still need to forward test of course for the next week/two and I will come back. Anyhow, appreciate your 'constructiveness'. Happy trading
  • #15,524
  • Dec 5, 2020 10:36am Dec 5, 2020 10:36am
Who is taking the 10 trade challenge the week of December 6, 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
  • #15,525
  • Dec 10, 2020 7:39pm Dec 10, 2020 7:39pm
Hello, no entry on h1,m15 and m5 mean if current candle break yesterday high or low, no entry on this candle but next candle is ok? Again If current candle itself break today high or low still no entry on current candle but next candle might be ok? Am I right?
  • #15,526
  • Dec 10, 2020 9:39pm Dec 10, 2020 9:39pm
Quoting waiphyo11
Hello, no entry on h1,m15 and m5 mean if current candle break yesterday high or low, no entry on this candle but next candle is ok? Again If current candle itself break today high or low still no entry on current candle but next candle might be ok? Am I right?
Yes.
  • #15,527
  • Edited 4:23am Dec 11, 2020 4:05am | Edited 4:23am
Indicator smHiLoOpen Lines_v1.2.mq4

Hi Mate,

I am reading this 2 Threads simultaneously and trading this both Setups from 01. November 2020
At first I traded GBPUSD only and my Account was in Plus
From this Monday I trade 4 Pairs.
All this Time I drew HO/LO-Lines manually
Yesterday I installed this Indicator
It is a very good Helper by Drawing
but I don like 2 Colourspots for Ask-Bid-Price.
I want to remove them
I changed its Color to Background and then to Bodies Color
Unfortunately it does not work.
The both Spots are visible.
Can anybody give me this Indicator without Ask-Bid-Price-Spots??

I solled today GBPUSD, the Setup was on H1,
the Entry per SellStop @ 1.3320 SL 7p,
closed manually @ DailyOpen +28

atb vvm

PS
This Methods are simply to trade
but to understand them….
I reread first 5 Pages in both Threads 3 or 4 Times
and imprint this Rules in my Head.
Now I trade them with Profit.
PA and this 2 Methods are a very good Toolset to trade Forex without any Stress.

TooSlow,
I am very grateful to you for your Thread
with many Explanations and many current Charts

vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 40 KB
PA Trading with EMAs & common Sense
  • #15,528
  • Dec 11, 2020 5:00am Dec 11, 2020 5:00am
Quoting vvm
Indicator smHiLoOpen Lines_v1.2.mq4 Hi Mate, I am reading this 2 Threads simultaneously and trading this both Setups from 01. November 2020 At first I traded GBPUSD only and my Account was in Plus From this Monday I trade 4 Pairs. All this Time I drew HO/LO-Lines manually Yesterday I installed this Indicator It is a very good Helper by Drawing but I don like 2 Colourspots for Ask-Bid-Price. I want to remove them I changed its Color to Background and then to Bodies Color Unfortunately it does not work. The both Spots are visible. Can anybody give...
You mean the bid-ask wingdings? Just switch them off in settings. Set to False.
  • #15,529
  • Dec 11, 2020 5:29am Dec 11, 2020 5:29am
Quote
You mean the bid-ask wingdings? Just switch them off in settings. Set to False.

lemercenaire,
Thanks for your Replay,
unfortunately I can not find this Settings
by my Indicator

Maybe there are different versions of it?
atb vvm
PA Trading with EMAs & common Sense
  • #15,530
  • Dec 11, 2020 5:39am Dec 11, 2020 5:39am
Quoting vvm
{quote} lemercenaire, Thanks for your Replay, unfortunately I can not find this Settings by my Indicator Maybe there are different versions of it? atb vvm
Maybe. I am on my phone here but will try and have a look later, if no one else gets back to you before then.
  • #15,531
  • Dec 11, 2020 5:56am Dec 11, 2020 5:56am
Quoting vvm
{quote} lemercenaire, Thanks for your Replay, unfortunately I can not find this Settings by my Indicator Maybe there are different versions of it? atb vvm
Hi

Try this.

Trade well / Mos
Attached Image (click to enlarge)
Click to Enlarge Name: bid ask.png Size: 16 KB
Don't limit yourself!!
  • #15,532
  • Dec 11, 2020 5:59am Dec 11, 2020 5:59am
Quoting vvm
{quote} lemercenaire, Thanks for your Replay, unfortunately I can not find this Settings by my Indicator Maybe there are different versions of it? atb vvm
Just thought. If you have one version that allows you to set colour of wingdings, then don't set to background colour,.instead set to "none".
  • #15,533
  • Dec 11, 2020 6:00am Dec 11, 2020 6:00am
Quoting lemercenaire
{quote} Just thought. If you have one version that allows you to set colour of wingdings, then don't set to background colour,.instead set to "none".
Lol. Just seen Mos has beaten me to it! Cheers, buddy
  • #15,534
  • Dec 11, 2020 8:28am Dec 11, 2020 8:28am
EurUSD H1
Bought @ 1.21163, SL 8p,
TP 40p (I think the Start of the BearSpike will be tested)

Moved SL to +1

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 7.png Size: 39 KB
PA Trading with EMAs & common Sense
  • #15,535
  • Dec 11, 2020 8:47am Dec 11, 2020 8:47am
SL got hit +2

2 Trades today +30

The Weak is over
the Day is done

have a nice Weekend

atb vvm
PA Trading with EMAs & common Sense
  • #15,536
  • Dec 13, 2020 11:55am Dec 13, 2020 11:55am
Who is taking the 10 trade challenge the week of December 13, 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
  • #15,537
  • Dec 14, 2020 1:30pm Dec 14, 2020 1:30pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,538
  • Dec 15, 2020 10:58am Dec 15, 2020 10:58am
hello......In this kind of situation highest open formed at 2am broker time and made area of interest for that day.My question is around 18:00 broker time 5 mins candles just opened in area of interest and is it still a valid trade no matter when was the area of interest formed?
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  • #15,539
  • Dec 15, 2020 12:06pm Dec 15, 2020 12:06pm
Quoting waiphyo11
hello......In this kind of situation highest open formed at 2am broker time and made area of interest for that day.My question is around 18:00 broker time 5 mins candles just opened in area of interest and is it still a valid trade no matter when was the area of interest formed? {image}
Do the rules mention time? Follow the rules. Do not alter the rules until you have mastered the method.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,540
  • Dec 15, 2020 1:40pm Dec 15, 2020 1:40pm
Quoting Paymanz
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.
for example look at this and many more example are like this in the thread,u r rather confusing and taking newbies time by inviting them to your thread.who deleted my recent post,if u dont have answer,u r deleting my posts?

i just checked erebus ,moneyzilla and many more condemning this method,this syatem aint worth spending our time.actually the forum should remove your system.
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