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Highest Open / Lowest Open Trade

  • #16,981
  • Oct 13, 2022 8:26am Oct 13, 2022 8:26am
Quoting lbtrader
{quote} Hello toshio and welcome to this thread. regarding your question, when price closes above or below the highest H1 open (candle can be bullish or bearish), the new candle must open in the area above the highest H1 open Called AOI (Area of Interest), and will move higher but not breach the daily high, then moves back crossing the open line, this is where your ambush sell stop order would be waiting. I don’t think you can place a sell limit there because the price is moving down, a sell limit is placed above the current price to get a better...
It helps a ton! Please evaluate my understanding with the screenshots below, i hope I got it right. (5 min trigger for entry)
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Seek first to understand, then to be understood
  • #16,982
  • Oct 13, 2022 8:27am Oct 13, 2022 8:27am
Quoting toshio
Hey guys just stumbled upon this thread . Genius!!!
I think you are the genius, stumbling on this thread while not being sure on the difference between limit and stop orders. Do the challenge. Learn the difference.
1.02^200
  • #16,983
  • Oct 13, 2022 8:56am Oct 13, 2022 8:56am
Quoting toshio
{quote} i hope I got it right.
yes. you played by the rules!

question to you regarding tradingview chart: how do you show the h1-candle in the background of your 5min tf ?

kind regards!
Muni loves you all!
  • #16,984
  • Oct 13, 2022 8:57am Oct 13, 2022 8:57am
Quoting toshio
{quote} It helps a ton! Please evaluate my understanding with the screenshots below, i hope I got it right. (5 min trigger for entry) {image} {image}
Correct
  • #16,985
  • Oct 13, 2022 9:03am Oct 13, 2022 9:03am
Quoting toshio
{quote} It helps a ton! Please evaluate my understanding with the screenshots below, i hope I got it right. (5 min trigger for entry) {image} {image}
You got the AOI right but as you realized there was no candle opening on the M5 TF, so what do you do? you go down one TF to M1 and there you have 4 candles opening in the AOI, you can take your pick.
  • #16,986
  • Oct 13, 2022 9:10am Oct 13, 2022 9:10am
Quoting d5400
{quote} I think you are the genius, stumbling on this thread while not being sure on the difference between limit and stop orders. Do the challenge. Learn the difference.
Yes that was quite embarrassing though I never had to use them (stop orders) so thats maybe why i never cared for them, but yea can't take trading lightly and will for sure learn the difference and won't skip on any basics anymore. Yep doing the challenge now, trading only EU 1 win 2 BE so far, thanks brotha
Seek first to understand, then to be understood
  • #16,987
  • Oct 13, 2022 9:14am Oct 13, 2022 9:14am
Quoting MuniFX
{quote} yes. you played by the rules! question to you regarding tradingview chart: how do you show the h1-candle in the background of your 5min tf ? kind regards!
HTF candles by prosum solutions, honestly just used the keyword htf on TV and found this indicator earlier, works well
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Seek first to understand, then to be understood
  • #16,988
  • Oct 13, 2022 9:15am Oct 13, 2022 9:15am
Quoting toshio
{quote} Yes that was quite embarrassing though I never had to use them (stop orders) so thats maybe why i never cared for them, but yea can't take trading lightly and will for sure learn the difference and won't skip on any basics anymore. Yep doing the challenge now, trading only EU 1 win 2 BE so far, thanks brotha
Don't worry, no one was born knowing the difference between stop and limit orders, everybody learned from someone else or taught themselves. That trade would have hit a motherload of 92-100 pips
  • #16,989
  • Oct 13, 2022 9:28am Oct 13, 2022 9:28am
Quoting toshio
{quote} Yes that was quite embarrassing though I never had to use them (stop orders) so thats maybe why i never cared for them, but yea can't take trading lightly and will for sure learn the difference and won't skip on any basics anymore. Yep doing the challenge now, trading only EU 1 win 2 BE so far, thanks brotha
I wasn't sarcastic. I'll be watching you.
1.02^200
  • #16,990
  • Oct 13, 2022 9:32am Oct 13, 2022 9:32am
Quoting lbtrader
{quote} You got the AOI right but as you realized there was no candle opening on the M5 TF, so what do you do? you go down one TF to M1 and there you have 4 candles opening in the AOI, you can take your pick.
Yes i did realize that the more i thought about it, and that's awesome!
Seek first to understand, then to be understood
  • #16,991
  • Oct 13, 2022 9:35am Oct 13, 2022 9:35am
Quoting toshio
{quote} Yes i did realize that the more i thought about it, and that's awesome!
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and here you get 2 more entries
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  • #16,992
  • Oct 13, 2022 9:36am Oct 13, 2022 9:36am
Quoting lbtrader
{quote} Don't worry, no one was born knowing the difference between stop and limit orders, everybody learned from someone else or taught themselves. That trade would have hit a motherload of 92-100 pips
Thanks for your kind words, knowledge is a currency in and of itself and I'm grateful for this thread and advice from you guys, basically strangers kind enough to help others out. I'll be doing the same in the future, pass it on!
Seek first to understand, then to be understood
  • #16,993
  • Oct 13, 2022 9:37am Oct 13, 2022 9:37am
Quoting d5400
{quote} I wasn't sarcastic. I'll be watching you.
Lol, good! Keep me accountable!
Seek first to understand, then to be understood
  • #16,994
  • Oct 13, 2022 11:28am Oct 13, 2022 11:28am
Seventh trade
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1.02^200
  • #16,995
  • Oct 13, 2022 12:12pm Oct 13, 2022 12:12pm
Eighth trade
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1.02^200
  • #16,996
  • Oct 13, 2022 9:15pm Oct 13, 2022 9:15pm
I still don't have this info about Daily Range, ATR (100), Daily range/ATR (100). I have the indicator: smHiLoOpen Lines_v1.2.mq4 and it doesn't show this info (
Do I miss any something or is there indicator that can show this info? Please help me, guys!
  • #16,997
  • Edited 12:39am Oct 14, 2022 12:24am | Edited 12:39am
Quoting mq112358
I still don't have this info about Daily Range, ATR (100), Daily range/ATR (100). I have the indicator: smHiLoOpen Lines_v1.2.mq4 and it doesn't show this info ( Do I miss any something or is there indicator that can show this info? Please help me, guys!
try and download the template and the indicator from here https://www.forexfactory.com/thread/...79#post8965079
The time info is false by default so you need to change it to true.
  • #16,998
  • Oct 14, 2022 1:07am Oct 14, 2022 1:07am
Quoting lbtrader
{quote} try and download the template and the indicator from here https://www.forexfactory.com/thread/...79#post8965079 The time info is false by default so you need to change it to true.
Yep, I used this indicator and tpl and set "the time info" is true but It's not working ;(
  • #16,999
  • Oct 14, 2022 4:42am Oct 14, 2022 4:42am
Quoting arons813
{quote} do i need to change only the time into true ! what about other parameter
it's up to you, you decide which ones you want to show on your chart and which ones you don't want.
  • #17,000
  • Oct 14, 2022 5:59am Oct 14, 2022 5:59am
If price moves in your direction for +5 pips then comes back to take you out at +1 pip BE but does not directly go through your original stop loss (daily high/low), are you allowed to re enter the trade?
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Seek first to understand, then to be understood
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