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Highest Open / Lowest Open Trade

  • #17,821
  • Apr 28, 2024 10:16am Apr 28, 2024 10:16am
Hello, Is there a version of the indicator smHiLoOpen Lines_v1.2 for mt5? I would be very glad if there is. I am eagerly trying to learn this strategy. Thanks in advance.
  • #17,822
  • Apr 28, 2024 2:56pm Apr 28, 2024 2:56pm
i am using this one

thanks to the coder
Attached File(s)
File Type: ex5 HOLO-mt5-from-Hairi.ex5   26 KB | 436 downloads
  • #17,823
  • Apr 28, 2024 6:59pm Apr 28, 2024 6:59pm
Quoting the sailor
i am using this one thanks to the coder {file}
Thank you Very much!
  • #17,824
  • May 6, 2024 12:33am May 6, 2024 12:33am
Who is taking the 10 trade challenge the week of MAY 5, 2024?

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
  • #17,825
  • May 9, 2024 12:33pm May 9, 2024 12:33pm
Quoting TooSlow
Who is taking the 10 trade challenge the week of MAY 5, 2024? 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
Hi, TooSlow!
I am taking a challenge of 10 trades on EURUSD.

Trade #1:
Entry from the low H4 closing price. Closed at +5 pips (the potential was up to 52 pips, but I'm learning to close at +5 pips to hone the RIGHT entry technique).
Is everything OK here? I will be glad to receive any criticism. Green pips to all!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 119 KB
  • #17,826
  • May 10, 2024 9:07am May 10, 2024 9:07am
Trade#2: +5

Screen 1:
Bar 1 updated the high of the day (did not take a trade according to rule #1, but would have closed +5 at point 2).
That's okay - there will always be another deal - rule #5

Screen 2:
I waited for a deal for 1 hour.
The price has entered the area of interest in the "1" zone: Place an order - enter - take profit +5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade2.jpg Size: 669 KB
Click to Enlarge Name: trade2.2.jpg Size: 688 KB
  • #17,827
  • May 10, 2024 9:14am May 10, 2024 9:14am
Trade#3: +5

M5 bar opened in the zone of interest (red arrow)
Set order - enter trade - take profit +5
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.1.jpg Size: 692 KB
  • #17,828
  • May 10, 2024 12:17pm May 10, 2024 12:17pm
Trade#4: +5

Identical deal as in #3. The key is to wait
Attached Image (click to enlarge)
Click to Enlarge Name: trade 4.1.jpg Size: 705 KB
  • #17,829
  • May 11, 2024 6:50pm May 11, 2024 6:50pm
Who is taking the 10 trade challenge the week of MAY 12, 2024?

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
  • #17,830
  • Edited 5:50am May 13, 2024 3:33am | Edited 5:50am
Trade#5: -3
I placed the order when the price was in zone 1.
There was no opportunity to put a stop loss in BE+1, the price did not pass 5 pips
Therefore, I got a stop loss in point 2
Attached Image (click to enlarge)
Click to Enlarge Name: trade 5.0.jpg Size: 715 KB
  • #17,831
  • May 13, 2024 5:43am May 13, 2024 5:43am
Trade#6: +5
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Click to Enlarge Name: trade 6.0.jpg Size: 579 KB
  • #17,832
  • May 14, 2024 8:25am May 14, 2024 8:25am
Trade#7: +5
Entry in zone 1, after the bar appears in the zone of interest
Attached Image (click to enlarge)
Click to Enlarge Name: trade 7.0.jpg Size: 549 KB
  • #17,833
  • May 14, 2024 8:34am May 14, 2024 8:34am
Trade#8: -1.2 (Stop loss in zone 1)
Trade#9: -2.3 (Stop loss in zone 2)

Losses are part of the system, it's normal.
But tell me, TooSlow, how was it possible to move trade #8 to BE? Or is the focus on the next trades?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 296 KB
  • #17,834
  • May 14, 2024 8:44am May 14, 2024 8:44am
Trade#10: -2.5
Trade#11: +5

I set stop loss 1 point above the high and it was because of 1 point that the stop was closed (entry in zone 1).
Re-entry (in zone 2) closed in +5
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 100 KB
  • #17,835
  • Edited 10:00am May 14, 2024 9:00am | Edited 10:00am
Result for 11 trades: 18.3 points

Calculation:
Spread: 0.7 points, so subtract it from the profit/add it to the loss.
4.3+4.3+4.3+4.3-3.7+4.3+4.3-1.9-3-3.2+4.3 = 18.3


The system that TooSlow has provided is simple and logical. Thanks!
TooSlow, if I made any errors in the source data, please let me know. Green pips to all!
  • #17,836
  • May 17, 2024 9:08am May 17, 2024 9:08am
One of the best method for trading here in FF thank you TOO SLOW
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Click to Enlarge Name: ff.png Size: 34 KB
  • #17,837
  • May 17, 2024 9:19am May 17, 2024 9:19am
Quoting mizi123
One of the best method for trading here in FF thank you TOO SLOW {image}
True..but you posted a trade that is not in line with the method...
Muni loves you all!
  • #17,838
  • May 18, 2024 4:44am May 18, 2024 4:44am
Who is taking the 10 trade challenge the week of MAY 19, 2024?

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
  • #17,839
  • May 18, 2024 6:01am May 18, 2024 6:01am
Quoting mizi123
One of the best method for trading here in FF thank you TOO SLOW {image}
This looks more like a 1-2-3 method. Nevertheless, nice catch!
  • #17,840
  • May 19, 2024 5:34am May 19, 2024 5:34am
Quoting mizi123
One of the best method for trading here in FF thank you TOO SLOW {image}
I had several reasons for entering but here picture is more clear
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Click to Enlarge Name: qq.png Size: 28 KB
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