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Highest Open / Lowest Open Trade

  • #17,161
  • Dec 21, 2022 6:59am Dec 21, 2022 6:59am
Quoting mizi123
EG on good spot to look for short opportunity {image}
Previous one has ended in be +1 lets give it one more try
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  • #17,162
  • Dec 22, 2022 6:35am Dec 22, 2022 6:35am
Hello everybody .
Trade № 4 : + 25
Trade №5: BE +1
Trade №6: + 25
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  • #17,163
  • Edited 9:18am Dec 25, 2022 8:04am | Edited 9:18am
Hi! I am new to this strategy but I want to try it out, to see how I do.

I read many posts on this thread, and I have to mention that the visual example and post 1235 helped a lot. However, I don't know if I fully understand it. For example, was there a valid setup on eurusd at 15:45 (EET) (M15 candle) last Friday (23rd of Dec)? It opened above the highest H1 open of the day, it went up for 2/3 minutes and then rushed down.

Thank you so much in advance!

PS: I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
Risk Management is of utmost importance!
  • #17,164
  • Dec 25, 2022 9:10am Dec 25, 2022 9:10am
Quoting RCtrader
Hi! I am new to this strategy but I want to try it out, to see how I do. I read many posts on this thread, and I have to mention that the visual example helped a lot. However, I don't know if I fully understand it. For example, was there a valid setup on eurusd at 15:30 (EET) (M15 candle) last Friday (23rd of Dec)? Or perhaps the 15:45 candle? Which one of the two candles if any? Thank you so much in advance! PS: I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
no trade/setup, because no new higher open on h1 tf.
Muni loves you all!
  • #17,165
  • Dec 25, 2022 9:16pm Dec 25, 2022 9:16pm
Who is taking the 10 trade challenge the week of December 25, 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
  • #17,166
  • Edited 7:58am Dec 26, 2022 7:28am | Edited 7:58am
Quoting RCtrader
Hi! I am new to this strategy but I want to try it out, to see how I do. I read many posts on this thread, and I have to mention that the visual example and post 1235 helped a lot. However, I don't know if I fully understand it. For example, was there a valid setup on eurusd at 15:45 (EET) (M15 candle) last Friday (23rd of Dec)? It opened above the highest H1 open of the day, it went up for 2/3 minutes and then rushed down. Thank you so much in advance! PS: I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
Read these part and everything will be cleare as a cristal Michael G posts, few posts in a row....
https://www.forexfactory.com/thread/...58#post9007658
  • #17,167
  • Dec 26, 2022 7:40am Dec 26, 2022 7:40am
To trade these method you need to have ''horse nerves'' but it works, especialy i have made backtest for last part of treading reversals after price break yestrday high it happend very often and have potencial!
  • #17,168
  • Dec 29, 2022 12:50am Dec 29, 2022 12:50am
I created this EA specially to test this strategy, try it yourself:
To test the EA on a 1 day high/low breakout, set "Period" to "Hourly" in the Strategy tester then in the EA:
You can run the test in visual mode to see the breakout lines on graph and how the ea performs.
-----------------------------------------------------------
Interval=24 (sets how many bars you want the EA to set the upper and lower breakout lines)
SR_Hour=0 (sets the starting hour of the upper and lower breakout lines)
tp=5 (this is in money not pips)
sl=100 (this is in pips)
TOD_From=0 (Time to start trading)
TOD_To=24 (Time to stop trading)
space=50 (this is the space in pips in case you want to allow the ea to open multiple trades of the same kind and join them as a basket)
per_bar=1 (how many trades the ea is allowed to open per bar n case the price starting fluctuating up and down)
TradeSize= 0.01 (Lot size)
MaxLongTrades = 10 (the maximum allowed buy orders to be opened by the ea)
MaxShortTrades = 10 (the maximum allowed sell orders to be opened by the ea)
-----------------------------------------------------------
Attached File(s)
File Type: ex4 NickZ_HighLow_EA.ex4   45 KB | 465 downloads
  • #17,169
  • Dec 29, 2022 1:09am Dec 29, 2022 1:09am
i hope we are following GMT time zone to decide open candle ?? correct me if i'm wrong
  • #17,170
  • Edited 7:32am Dec 29, 2022 6:58am | Edited 7:32am
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Dear TooSlow/MichaelG and everyone,
Can I know how to get indicator & template as POST#1 said

To get the latest indicator and template file click on the attachment icon, paperclip, for this thread.


I cannot find link or paperclip of that.
  • #17,171
  • Dec 29, 2022 8:04am Dec 29, 2022 8:04am
Quoting golfberserk
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION Dear TooSlow/MichaelG and everyone, Can I know how to get indicator & template as POST#1 said To get the latest indicator and template file click on the attachment icon, paperclip, for this thread. I cannot find link or paperclip of that.
Attached Image (click to enlarge)
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  • #17,172
  • Dec 30, 2022 8:56am Dec 30, 2022 8:56am
Quoting nickz
I created this EA specially to test this strategy, try it yourself: To test the EA on a 1 day high/low breakout, set "Period" to "Hourly" in the Strategy tester then in the EA: You can run the test in visual mode to see the breakout lines on graph and how the ea performs. ----------------------------------------------------------- Interval=24 (sets how many bars you want the EA to set the upper and lower breakout lines) SR_Hour=0 (sets the starting hour of the upper and lower breakout lines) tp=5 (this is in money not pips) sl=100 (this is in pips)...
What you miss in the ea is that trade after 5 pips in + need's to go on break even +1
  • #17,173
  • Dec 30, 2022 6:30pm Dec 30, 2022 6:30pm
Quoting nickz
I created this EA specially to test this strategy, try it yourself: To test the EA on a 1 day high/low breakout, set "Period" to "Hourly" in the Strategy tester then in the EA: You can run the test in visual mode to see the breakout lines on graph and how the ea performs. ----------------------------------------------------------- Interval=24 (sets how many bars you want the EA to set the upper and lower breakout lines) SR_Hour=0 (sets the starting hour of the upper and lower breakout lines) tp=5 (this is in money not pips) sl=100 (this is in pips)...
You may have missed this in POST #1:

Please do not discuss or mention EAs in this thread.
EAs are not welcome here.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,174
  • Dec 30, 2022 11:42pm Dec 30, 2022 11:42pm
Quoting TooSlow
{quote} You may have missed this in POST #1: Please do not discuss or mention EAs in this thread. EAs are not welcome here.
You want the thread to keep going on, you seem to enjoy people asking you questions. It seems this is the only reason you don't want to "mention EA's" so not to reveal the ugly truth about the failure of this strategy, there is no other logical reason.
  • #17,175
  • Dec 31, 2022 10:19am Dec 31, 2022 10:19am
Quoting nickz
{quote} You want the thread to keep going on, you seem to enjoy people asking you questions. It seems this is the only reason you don't want to "mention EA's" so not to reveal the ugly truth about the failure of this strategy, there is no other logical reason.
Highly doubt that's the reason. Thread is nice, should work well. If you know how to trade this. Simple things just work best, most of the time. If I'm not mistaken, TooSlow said in 2016 you can post EA to show that the strategy does not work. No one posted anything. And trading still continues. Bad trading ideas threads end soon, they are not active for 6+ years. Also, it is said in post 1 that you should post EA mql file, not ex4 for obvious reasons. You don't even tried to read post 1. Maybe try the strategy properly first, then you can talk about EA. If you understand the strategy badly, EA will not work properly too.

SF
  • #17,176
  • Dec 31, 2022 10:59am Dec 31, 2022 10:59am
Who is taking the 10 trade challenge the week of January 1, 2023?


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
  • #17,177
  • Dec 31, 2022 3:13pm Dec 31, 2022 3:13pm
Quoting TooSlow
Who is taking the 10 trade challenge the week of January 1, 2023? 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
Can I please ask how last challenge ended? I can't find anything in the thread. I'll look again though before I get reply.

Thanks a lot
  • #17,178
  • Jan 1, 2023 3:50pm Jan 1, 2023 3:50pm
Quoting SilentFather
{quote} Can I please ask how last challenge ended? I can't find anything in the thread. I'll look again though before I get reply. Thanks a lot
Each trader is challenged to take the 10 trade challenge. Some post results and some don't. Give it a go, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,179
  • Jan 3, 2023 7:07pm Jan 3, 2023 7:07pm
This trading system is a great idea. I just started with the Asian session. Great results. Thanks for sharing
  • #17,180
  • Edited 5:50am Jan 4, 2023 5:39am | Edited 5:50am
Several wicks on high/low are core base for sucessful trade with these system, we need to be thankful for somone's effort to give you something that works for free, patience neded yes like every other method that aquire that thank you @Tooslow
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