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Highest Open / Lowest Open Trade

  • #15,861
  • Sep 28, 2021 6:25am Sep 28, 2021 6:25am
Quoting TooSlow
{image}
Mate, would you mind telling me which indicator it is that draws all the correct levels?
I regret not having it on my chart.
Thank you in advance and wishing you continued success.
Hercs.
Hercs
  • #15,862
  • Sep 28, 2021 6:34am Sep 28, 2021 6:34am
Quoting Hercs
{quote} Mate, would you mind telling me which indicator it is that draws all the correct levels? I regret not having it on my chart. Thank you in advance and wishing you continued success. Hercs.

It's smHiLoOpen Lines

See Post 10,584
  • #15,863
  • Sep 28, 2021 6:37am Sep 28, 2021 6:37am
Quoting lemercenaire
{quote} It's smHiLoOpen Lines See Post 10,584
Thx, Buddy, but mine doe snot draw such a complete list.
I will however rush over there and get it.
Best wishes to you too.
Hercs.
Hercs
  • #15,864
  • Sep 28, 2021 8:09am Sep 28, 2021 8:09am
last trade M15 n H1
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_20210928-200750_MetaTrader 4.jpg Size: 414 KB
  • #15,865
  • Sep 28, 2021 10:47am Sep 28, 2021 10:47am
Quoting Hercs
{quote} Thx, Buddy, but mine doe snot draw such a complete list. I will however rush over there and get it. Best wishes to you too. Hercs.
If memory serves me right, there was indeed an updated variant made available. You could toggle on/off the levels you wanted.

I feel a search coming on, lol.
  • #15,866
  • Sep 28, 2021 11:38am Sep 28, 2021 11:38am
Quoting Hercs
{quote} Mate, would you mind telling me which indicator it is that draws all the correct levels? I regret not having it on my chart. Thank you in advance and wishing you continued success. Hercs.
https://www.forexfactory.com/thread/...74#post9626774
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,867
  • Sep 29, 2021 4:38am Sep 29, 2021 4:38am
The indicator you very kindly referred me to had 20 alerts after compiling, so I asked MrTools to look at it for us and this one compiles perfectly without any changes to the indicator itself.
Thanking you TS & Lemercenaire for your kindness accorded me.
Continued success to you all.
Hercs.
Attached File(s)
File Type: mq4 smHiLoOpen Lines_v1.21TS (2).mq4   23 KB | 789 downloads
Hercs
  • #15,868
  • Sep 29, 2021 7:36am Sep 29, 2021 7:36am
Quoting Hercs
The indicator you very kindly referred me to had 20 alerts after compiling, so I asked MrTools to look at it for us and this one compiles perfectly without any changes to the indicator itself. Thanking you TS & Lemercenaire for your kindness accorded me. Continued success to you all. Hercs. {file}
That is brilliant, H. I do know the original did have a few quirks after a while! Thanks so much.
  • #15,869
  • Edited Oct 1, 2021 4:54am Sep 30, 2021 6:35am | Edited Oct 1, 2021 4:54am
Quoting TooSlow
{quote} When H1, M15 and M5 make a new daily high or a new daily low, do not enter a HOLO trade.
Hi tooSlow, this basically means that the price does NOT have to make a new hi \ low, you just have to close the candle in the interval between hi \ low and h1 open and take a position in the opposite direction to hi / low, depending about our situation ???
  • #15,870
  • Sep 30, 2021 7:12am Sep 30, 2021 7:12am
Quoting Booghie
{quote} Hi tooSlow, this basically means that the price does NOT have to make a now hi \ low, you just have to close the candle in the interval between hi \ low and h1 open and take a position in the opposite direction to hi / low, depending about our situation ???
Yes, Mate, that sounds right. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,871
  • Oct 1, 2021 7:45am Oct 1, 2021 7:45am
Hi guys,

I am new to this thread. Searched in the thread about risk reward ratio.
I know the #1 post is filled with the basic rules and read them all twice but is here someone who has found out
his own RRR? I made some research and saw that a RRR of 1:1.5 is often matched. 1:1 nearly always when you do
this method right.

Any suggestions?
Wish you all a nice weekend.
  • #15,872
  • Oct 1, 2021 8:58am Oct 1, 2021 8:58am
Quoting mrs474n
Hi guys, I am new to this thread. Searched in the thread about risk reward ratio. I know the #1 post is filled with the basic rules and read them all twice but is here someone who has found out his own RRR? I made some research and saw that a RRR of 1:1.5 is often matched. 1:1 nearly always when you do this method right. Any suggestions? Wish you all a nice weekend.
RRR as its own does not matter. What is matter is % win rate counted with reward ratio. This will show your profitability in long run. There is no fix RRR for this method because if you will use fixed reward like 1,5 you will miss homerun from time to time that will boost your account.

As it was mentioned many times adjust your position size according to Stop loss and bank some pips at +5 rest you could trail or use method that is suitable for you.

Time and method will take care about your bucks in the pocket!

Happy trading
  • #15,873
  • Oct 2, 2021 10:29am Oct 2, 2021 10:29am
Who is taking the 10 trade challenge the week of OCTOBER 3, 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
  • #15,874
  • Oct 4, 2021 3:01am Oct 4, 2021 3:01am
Hi guys, I will place 10 trades of the AUD / USD pair, with open positions on M1. At 5 pips, BE + 1 and at 10 pips TR 5 pips.
The first trade, BE + 1.
Attached Image (click to enlarge)
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  • #15,875
  • Edited 6:40am Oct 4, 2021 3:41am | Edited 6:40am
2. SL
Attached Image (click to enlarge)
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  • #15,876
  • Oct 4, 2021 4:10am Oct 4, 2021 4:10am
Quoting Booghie
2. Sl {image}
What did you learn on this trade?
  • #15,877
  • Oct 4, 2021 4:49am Oct 4, 2021 4:49am
Quoting LooseMyMoney
{quote} What did you learn on this trade?
Hi, this isn't the first time I've done the challenge, and this question has been obsessing me since Lemercenaire first asked me. The only answer is that the system does not work in situations where the market is in trend.
  • #15,878
  • Oct 4, 2021 5:02am Oct 4, 2021 5:02am
Quoting Booghie
{quote} Hi, this isn't the first time I've done the challenge, and this question has been obsessing me since Lemercenaire first asked me. The only answer is that the system does not work in situations where the market is in trend.
Actually that is not the answer. Price stopped at daily open and reversed. It was sign to get out

It has nothing to do with trend this time.

Green pips for next time
Take care

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 59 KB
  • #15,879
  • Edited 8:47am Oct 4, 2021 6:39am | Edited 8:47am
3.SL(yesterday breakout)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 57 KB
  • #15,880
  • Oct 4, 2021 8:45am Oct 4, 2021 8:45am
4.SL(yesterday breakout)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 58 KB
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