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Highest Open / Lowest Open Trade

  • #15,701
  • Apr 13, 2021 8:23am Apr 13, 2021 8:23am
Quoting toppi
this riskmanagementadvisorindicator is easy to use. {file}
please read post #1 in entirety.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,702
  • Apr 13, 2021 1:47pm Apr 13, 2021 1:47pm
I have completed the challenge. Three times (for now).
This was done with ''paper trading'' (back-testing) and no spread was taken into account.

I like the results very much (Thank you Mr TooSlow for sharing the strategy in continuing with helping and guiding the discussion in this thread).

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Best regards.
  • #15,703
  • Apr 14, 2021 4:54am Apr 14, 2021 4:54am
Quoting Mihajlou
I have completed the challenge. Three times (for now). This was done with ''paper trading'' (back-testing) and no spread was taken into account. I like the results very much (Thank you Mr TooSlow for sharing the strategy in continuing with helping and guiding the discussion in this thread). {image} {image}{image} Best regards.
As it was mentioned many times backtesting for this technique is not working. Don´t be suprised if results in your live trading will be much different mate.
  • #15,704
  • Apr 14, 2021 4:58am Apr 14, 2021 4:58am
Quoting LooseMyMoney
Bending the rules +12 {image}
Standard dance. I was worry about PRICE above yesterday´s high but it worked this time. Luck or experience who knows?

+17 pips

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  • #15,705
  • Apr 15, 2021 3:05am Apr 15, 2021 3:05am
Quoting LooseMyMoney
{quote} Standard dance. I was worry about PRICE above yesterday´s high but it worked this time. Luck or experience who knows? +17 pips {image}
Bended rules a little bit. Despite H1 breakout PRICE rejected yesterday high pretty strong so it convinced me to enter the trade

Price struggeling to go through open so I closed the trade for standard

+5

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  • #15,706
  • Apr 15, 2021 7:36am Apr 15, 2021 7:36am
Quoting LooseMyMoney
{quote} Bended rules a little bit. Despite H1 breakout PRICE rejected yesterday high pretty strong so it convinced me to enter the trade Price struggeling to go through open so I closed the trade for standard +5 {image}
These touches after news... I was not that fast to pull the trigger... Nice setup anyway

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  • #15,707
  • Apr 17, 2021 2:42pm Apr 17, 2021 2:42pm
Hi guys, I need an automation. It sometimes happens that I open a position and have to leave (my job, I took a child from kindergarten) and on my mobile I can't manage the position after it reaches 10 pips (for BE + 1 at 5 pips I have an EA on which I put in another window on the pair I am trading).
The problem is when the position reaches 10 pips and I want to start trailing stop. Does anyone have an EA / script or do they have any idea how I can do an automation that I can use?
I hope my post doesn't break any of Tooslow's rules.
  • #15,708
  • Apr 17, 2021 3:28pm Apr 17, 2021 3:28pm
Quoting Booghie
Hi guys, I need an automation. It sometimes happens that I open a position and have to leave (my job, I took a child from kindergarten) and on my mobile I can't manage the position after it reaches 10 pips (for BE + 1 at 5 pips I have an EA on which I put in another window on the pair I am trading). The problem is when the position reaches 10 pips and I want to start trailing stop. Does anyone have an EA / script or do they have any idea how I can do an automation that I can use? I hope my post doesn't break any of Tooslow's rules.
Maybe ask on one of the mt4 tech threads?
  • #15,709
  • Apr 17, 2021 7:15pm Apr 17, 2021 7:15pm
Quoting LooseMyMoney
{quote} Standard dance. I was worry about PRICE above yesterday´s high but it worked this time. Luck or experience who knows? +17 pips {image}
Obviously, yours is a different method similar to another thread which I think increased your win rate.
  • #15,710
  • Apr 18, 2021 4:14am Apr 18, 2021 4:14am
Quoting mixedbags
{quote} Obviously, yours is a different method similar to another thread which I think increased your win rate.
No it is method presented in this thread

Only caution about PRICe above yesterday´s high was presented but it is also part of this method

Cheers mate!

and screen from Friday trade +16 pips, patience brought pips this time


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  • #15,711
  • Apr 18, 2021 2:40pm Apr 18, 2021 2:40pm
Quoting Chris.GER
{quote} Maybe this EA https://www.mql5.com/en/code/11649 Regards, Chris
Hi Chris, I also have an EA that can do a simple trailing stop. What I want is for this trailing stop to start after the price reaches 10 pips, according to Tooslow's rules. Thank you for your effort.
  • #15,712
  • Apr 18, 2021 3:20pm Apr 18, 2021 3:20pm
Quoting Booghie
Hi guys, I need an automation. It sometimes happens that I open a position and have to leave (my job, I took a child from kindergarten) and on my mobile I can't manage the position after it reaches 10 pips (for BE + 1 at 5 pips I have an EA on which I put in another window on the pair I am trading). The problem is when the position reaches 10 pips and I want to start trailing stop. Does anyone have an EA / script or do they have any idea how I can do an automation that I can use? I hope my post doesn't break any of Tooslow's rules.
Please read Post #1 regarding EAs.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,713
  • Apr 18, 2021 3:29pm Apr 18, 2021 3:29pm
Quoting TooSlow
{quote} Please read Post #1 regarding EAs.
Sorry TooSlow, I missed that. I delete my postings.
Regards, Chris
  • #15,714
  • Apr 18, 2021 4:11pm Apr 18, 2021 4:11pm
Who is taking the 10 trade challenge the week of APRIL 18, 2021?

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!

PLEASE READ ALL OF POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,715
  • Apr 19, 2021 12:52pm Apr 19, 2021 12:52pm
Hi TooSlow,

I'm in since last Monday on EU. So far 7 trades completed with 0,01 position size mainly during London sesions.
So far 6 won and one with lost.

Cheers,
Robert
  • #15,716
  • Apr 22, 2021 7:00am Apr 22, 2021 7:00am
Hi Guys, yesterday I accomplished 10 trades challenge in real account. It took me 8 working days, but I was quite conserve in strategy - no trades if H1 breakout. However I used M5 for entry.
At the end 9 trades won and 1 lost.
1 => BE1
2 => BE1
3 => BE1
4 => BE0,1 (yes, that correct 0,1pip)
5 => -8
6 => BE1
7 => +5
8 => BE1
9 => BE1
10 => BE0,1
TOTAL = +3,2
Very good starting point and next 50+ trades with 0,02 lot size and only on EU. I think partial close at +5pips and move SL for rest on -2 or -3 pip will bring value.
Cheers, skoras
  • #15,717
  • Apr 23, 2021 8:20am Apr 23, 2021 8:20am
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EU 5pips locked

Skoras
  • #15,718
  • Apr 23, 2021 1:28pm Apr 23, 2021 1:28pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,719
  • Apr 23, 2021 2:51pm Apr 23, 2021 2:51pm
Hi

Do we have a scanner/indicator which shows only open=high and open=low and dispaly only that symbols
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  • #15,720
  • Apr 24, 2021 10:30am Apr 24, 2021 10:30am
Quoting vinscal
Hi Do we have a scanner/indicator which shows only open=high and open=low and dispaly only that symbols {image}
No. That's not what we are trading here.


PLEASE READ ALL OF POST #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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TooSlow