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Highest Open / Lowest Open Trade

  • #17,421
  • Jul 24, 2023 9:35am Jul 24, 2023 9:35am
Who is taking the 10 trade challenge the week of JULY 24, 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
  • #17,422
  • Jul 24, 2023 9:37am Jul 24, 2023 9:37am
Quoting veeanz
I clearly understand how the rules. But how to determine that i am should pick buy or sell? Because in 1st post it dont explain it
From Post #1:

HIGHEST OPEN / LOWEST OPEN TRADE

Place a line at the highest H1 open and lowest H1 open for the current day.

Sell short at the highest H1 open after price goes up through it and comes back down.

Buy at the lowest H1 open after price goes down through it and comes back up.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,423
  • Jul 25, 2023 4:49am Jul 25, 2023 4:49am
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  • #17,424
  • Jul 25, 2023 7:30am Jul 25, 2023 7:30am
watch cad/j, g/j and n/cad for possible entries....
  • #17,425
  • Jul 25, 2023 8:32am Jul 25, 2023 8:32am
3rd candle into the new hour was a valid entry. In order to get the ask price, I have to wait on a pullback of the bar which I seem to get 80% of the time. In this case, price took off without me and I missed the entry.

Any suggestions?


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  • #17,426
  • Jul 25, 2023 10:32am Jul 25, 2023 10:32am
Quoting TooSlow
Who is taking the 10 trade challenge the week of JULY 24, 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
I will begin today. Will update on results
Protect your capital
  • #17,427
  • Jul 26, 2023 7:53am Jul 26, 2023 7:53am
Quoting DowScalper
3rd candle into the new hour was a valid entry. In order to get the ask price, I have to wait on a pullback of the bar which I seem to get 80% of the time. In this case, price took off without me and I missed the entry. Any suggestions? {image}
Use the indicators and templates provided and master the method before making changes.

Price opened below the lowest H1 open. You missed the entry because you were too slow...lol!

Cheers, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,428
  • Jul 26, 2023 9:04am Jul 26, 2023 9:04am
absolute laugh... waiting for es to give me a damn 123
  • #17,429
  • Jul 30, 2023 12:56am Jul 30, 2023 12:56am
Thank you for the system. Here's my Results of 10 trades:
Ej +2
Uj +17
Xu +3
Xu +15
Eu -7
Au +7
Eu+5
Gj +47
Gj +24
Eu -10
Gain pips = 103 pips
Gain dollars = $157.41
Starting balance $4000
Risk per trade 2%

Positives and other managements:
- holo can be profitable on avg
- bid ask timing is extremely important
- risk% must be calculated based on pip variance between open and SL
- using 5 min bar low as trail stop extends profitability
- works on all pairs with low spreads

Negatives:
- a single loss may bite off big chunk of profit
- no way to tell if when is the best time to open trades on reversals especially if first break is better or 2nd break is optimally suitable
- trade breakouts with causion is ambiguous. Yes or no would be more logical in this case

Thanks
encryptedehs
Protect your capital
  • #17,430
  • Jul 31, 2023 9:46pm Jul 31, 2023 9:46pm
Can someone help me to get the mq4 code from HOLO_Trade_Manager and HOLO_Scanner please?

It was posted on Github by Aeson but it is not to find anymore.

Perhaps someone is still having it.

Sorry for interuption in this thread but it's perhaps the only way to find.

Regards,

Eric
  • #17,431
  • Aug 1, 2023 10:09am Aug 1, 2023 10:09am
Hit some MONSTERS today.. everyday cannot be like this I trade slightly differently due to futures market timing but same idea all around $4500 today.. starting this week Month off strong...
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  • #17,432
  • Aug 2, 2023 7:52am Aug 2, 2023 7:52am
Great entries over london session, nothing for me in USA... had to trade a different style to get some pips today
  • #17,433
  • Aug 2, 2023 9:04am Aug 2, 2023 9:04am
Outside of my entry time frame but I threw it on demo to watch
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  • #17,434
  • Aug 2, 2023 9:07am Aug 2, 2023 9:07am
Quoting Slightlyodd
Outside of my entry time frame but I threw it on demo to watch {image}
Stop would be hit
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  • #17,435
  • Aug 2, 2023 11:49am Aug 2, 2023 11:49am
Who is taking the 10 trade challenge the week of JULY 30, 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
  • #17,436
  • Aug 2, 2023 11:50am Aug 2, 2023 11:50am
Quoting encryptedehs
Thank you for the system. Here's my Results of 10 trades: Ej +2 Uj +17 Xu +3 Xu +15 Eu -7 Au +7 Eu+5 Gj +47 Gj +24 Eu -10 Gain pips = 103 pips Gain dollars = $157.41 Starting balance $4000 Risk per trade 2% Positives and other managements: - holo can be profitable on avg - bid ask timing is extremely important - risk% must be calculated based on pip variance between open and SL - using 5 min bar low as trail stop extends profitability - works on all pairs with low spreads Negatives: - a single loss may bite off big chunk of profit - no way to tell...
During the 10 trade challenge, you are to trade only ONE pair!!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,437
  • Aug 2, 2023 9:21pm Aug 2, 2023 9:21pm
Quoting TooSlow
{quote} During the 10 trade challenge, you are to trade only ONE pair!!
Thank you for your reply. Will do one pair and get back with results.
Regards
encryptedehs
Protect your capital
  • #17,438
  • Aug 2, 2023 9:25pm Aug 2, 2023 9:25pm
Quoting Slightlyodd
Outside of my entry time frame but I threw it on demo to watch {image}
Could you give me an idea about the best timeframe to trade holo?
Regards
Protect your capital
  • #17,439
  • Aug 10, 2023 9:11am Aug 10, 2023 9:11am
best time frame new york sessions or london sessions
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  • #17,440
  • Aug 10, 2023 9:13am Aug 10, 2023 9:13am
you can get rich, but business makes more money, I have to focus on business these days. When the markets moving so should your finger.
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