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Highest Open / Lowest Open Trade

  • #16,941
  • Sep 22, 2022 3:40am Sep 22, 2022 3:40am
Quoting Slightlyodd
Too Slow, for years I have been staring at a very cluttered screen - how do I achieve the indicator you have? What is the function of the information? The indicator I am referring is your ability to click through every chart at lightning speed - and the information displayed besides it - what does it mean?
It looks like you downloaded the indicator. Unless, you are talking about the buttons indicator for pairs and chart periods.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,942
  • Sep 22, 2022 9:02am Sep 22, 2022 9:02am
Quoting TooSlow
{quote} It looks like you downloaded the indicator. Unless, you are talking about the buttons indicator for pairs and chart periods.
You know what, I now finally remember who makes that one - I'll go find him... I hope he is still well. Thanks for teaching me...here's todays catch - 4 trades USD CHF HOLO's mostly
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  • #16,943
  • Sep 24, 2022 1:53am Sep 24, 2022 1:53am
Here is MT4 indicator for visual backtesting - it can determine, which pair / time is the best for your trading plan. MQ4 source included.
Attached Image (click to enlarge)
Click to Enlarge Name: VisualHOLO.png Size: 23 KB
Attached File(s)
File Type: ex4 VisualHOLO.ex4   13 KB | 269 downloads
File Type: mq4 VisualHOLO.mq4   10 KB | 324 downloads
  • #16,944
  • Sep 25, 2022 6:44pm Sep 25, 2022 6:44pm
Attached Image (click to enlarge)
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  • #16,945
  • Edited 11:49pm Sep 25, 2022 11:28pm | Edited 11:49pm
Quoting frankyol
Here is MT4 indicator for visual backtesting - it can determine, which pair / time is the best for your trading plan. MQ4 source included. {image} {file} {file}
Hi Frankyol and thank you for this nice and useful indicator with a few kinks though. I find that it does not show the daily open line and (correct me if I'm wrong) it considers the opening price as the highest H1 open and therefore a possible sell trigger (thick green line), which becomes a possible valid trigger after an hour at least has passed and a new higher H1 opens. Then the same green line becomes a thick yellow line (possible buy trigger) when a new low is made (3:45 am).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 VisualHOLO.png Size: 24 KB
  • #16,946
  • Sep 26, 2022 12:23am Sep 26, 2022 12:23am
Quoting lbtrader
{quote} Hi Frankyol and thank you for this nice and useful indicator with a few kinks though. I find that it does not show the daily open line and (correct me if I'm wrong) it considers the opening price as the highest H1 open and therefore a possible sell trigger (thick green line), which becomes a possible valid trigger after an hour at least has passed and a new higher H1 opens. Then the same green line becomes a thick yellow line (possible buy trigger) when a new low is made (3:45 am). {image}
Hi lbtrader,
see my notes in attached image. Is it correct?

New version of VisualHOLO attached:
- added D1 open line (white dashed)

Do you have any idea for indicator's improve?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
Attached File(s)
File Type: ex4 VisualHOLO.ex4   14 KB | 424 downloads
File Type: mq4 VisualHOLO.mq4   10 KB | 601 downloads
  • #16,947
  • Edited 5:32am Sep 26, 2022 2:41am | Edited 5:32am
Quoting frankyol
{quote} Hi lbtrader, see my notes in attached image. Is it correct? New version of VisualHOLO attached: - added D1 open line (white dashed) Do you have any idea for indicator's improve? {file} {file} {image}
Thank you Frankyol, your notes are correct. The open line works great, and the green and yellow lines are nice visual clues not just for the current day but also for the previous days which is excellent tool for backtesting and when discussing previous trades, great work.

P.S I think the thick green line at the open of the session would have been a valid sell signal if the price crossed it to the downside, so I retract my concern about validity.
Quote
Do you have any idea for indicator's improve?
perhaps if an alert will popup when a possible setup presents itself during a live session, like the smHiLo indicator when it indicates Extreme caution alerts
example: Alert possible trigger sell or buy formed.
Attached Image (click to enlarge)
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  • #16,948
  • Sep 26, 2022 7:13am Sep 26, 2022 7:13am
Who is taking the 10 trade challenge the week of September 26, 2022?


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
  • #16,949
  • Sep 28, 2022 2:42am Sep 28, 2022 2:42am
Quoting TooSlow
Who is taking the 10 trade challenge the week of September 26, 2022? 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
So far 2 wins out of 2 trades
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No pen no gen
  • #16,950
  • Edited 11:38am Sep 28, 2022 7:38am | Edited 11:38am
Quoting OragonFx
{quote} So far 2 wins out of 2 trades {image}
Hello OragonFx and welcome to this thread. Two wins already, good for you, but that is not what the challenge is about. Please post your entry and exit on the chart with the same template as provided by TooSlow and following the same rules, winning or losing trades are equally important for our learning purposes.
Thank you.
Two examples of UC trades taken today.
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  • #16,951
  • Oct 1, 2022 10:45am Oct 1, 2022 10:45am
Who is taking the 10 trade challenge the week of October 2, 2022?


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
  • #16,952
  • Oct 3, 2022 9:48am Oct 3, 2022 9:48am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 34 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,953
  • Oct 5, 2022 5:37am Oct 5, 2022 5:37am
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Hi,

First of all, thank you for sharing such information. I wrote my question in the picture. I will be glad if you can answer.
  • #16,954
  • Oct 5, 2022 7:50am Oct 5, 2022 7:50am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 32 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,955
  • Oct 8, 2022 9:17am Oct 8, 2022 9:17am
Quoting cksinangin
{image} Hi, First of all, thank you for sharing such information. I wrote my question in the picture. I will be glad if you can answer.
Wait for the price range to expand. Usually after the first 8 hours of the trading day is when you can trade HOLO.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,956
  • Oct 8, 2022 9:18am Oct 8, 2022 9:18am
Who is taking the 10 trade challenge the week of October 9, 2022?


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
  • #16,957
  • Oct 9, 2022 6:44pm Oct 9, 2022 6:44pm
Quoting TooSlow
{image}
Hi TooSlow, first of all, thank u very much for your excellent strategy!
And hello everyone!
I'm newbie to forex and I'm trying to learn your strategy. But when I set up my chart, my chart doesn't show the information like: ATR (100), Range, % ATR/range... when I add the indicator smHiLoOpen Lines_v1.2. Did I miss something or did I do something wrong?
Please kindly check the Image in the attachment and help me pls!
Thank you very much for your help
Attached Image (click to enlarge)
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  • #16,958
  • Oct 9, 2022 8:09pm Oct 9, 2022 8:09pm
TooSlow,
I just started reading this thread 2 days ago. I downloaded the pdf to get rid of the noise and I came to this conclusion...you are a genius.
A correct entry is harder than most people realize and with your method, super easy. And if you're wrong, you get stopped out.
I have to do it a few more times but then I will join in on the challenge.

(Bobokus fibs added to recent swing high/low gives excellent exits with this).

Thanks man
Everything easy was hard at first
  • #16,959
  • Oct 11, 2022 5:12am Oct 11, 2022 5:12am
Quoting mq112358
{quote} Hi TooSlow, first of all, thank u very much for your excellent strategy! And hello everyone! I'm newbie to forex and I'm trying to learn your strategy. But when I set up my chart, my chart doesn't show the information like: ATR (100), Range, % ATR/range... when I add the indicator smHiLoOpen Lines_v1.2. Did I miss something or did I do something wrong? Please kindly check the Image in the attachment and help me pls! Thank you very much for your help {image}
Sorry, but since you quoted my picture I will answer you. Please make sure the time infos in your indicator is true and the information you need will appear.
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  • #16,960
  • Oct 11, 2022 5:29am Oct 11, 2022 5:29am
Quoting lbtrader
{quote} Sorry, but since you quoted my picture I will answer you. Please make sure the time infos in your indicator is true and the information you need will appear.{image}
Dear Ibtrader, thank u for your help. I just checked and this setup is already "true". It still doesn't work (((
Anw, I really appriciate your help. Very kind of you!
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