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Highest Open / Lowest Open Trade

  • #19,721
  • Feb 12, 2025 8:30am Feb 12, 2025 8:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,722
  • Feb 12, 2025 8:31am Feb 12, 2025 8:31am
Quoting MichaelG
Quoting Igumapips
{quote} . The reason I ask is that I always place my trade using Pending Order (Buy Stop or Sell Stop) when the price hits the current open at the setup but I noticed that Many a time, my trade will trigger and go against me and sometimes the price will not get to my Pending Order (Buy Stop or Sell Stop) maybe a few pips away my Broker will trigger the position and it will hit my Stop Loss. It happened to me again yesterday. Hi Mate. Obviously, I don't know .....how much you know.....so please forgive me if you already
...
Thanks for helping out, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,723
  • Feb 12, 2025 8:38am Feb 12, 2025 8:38am
Quoting chiche
It would be good a video of this system, anyone?
Here is a link to a number of videos from TheRumpledOne including HoLo.

https://www.youtube.com/@TheRumpledOne
  • #19,724
  • Feb 12, 2025 8:39am Feb 12, 2025 8:39am
Quoting TooSlow
{quote}{quote} Thanks for helping out, Mate. Cheers!
Pleasure Mate
  • #19,725
  • Feb 12, 2025 9:44am Feb 12, 2025 9:44am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,726
  • Feb 12, 2025 10:29am Feb 12, 2025 10:29am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,727
  • Feb 12, 2025 10:09pm Feb 12, 2025 10:09pm
Quoting Igumapips
{quote}{quote} MichaelG, thank you so much for this knowledge. My broker has three accounts, the one that is called the Raw Spread does not trigger pending orders and hunt stop loss but they charge commission on it and it is zero spread It is the other account that is called the Standard account which triggers pending orders and hunt stop loss but they don't charge commission. This one is not zero spread. I use the Standard account to avoid the commission charges. I use Exness Broker {image} {image}
i use this broker too
i choose the pro account, and no commission too

i didnt encounter any stop hunt, maybe it as what Michael explain about spread that you think of stophunt
  • #19,728
  • Feb 13, 2025 1:02am Feb 13, 2025 1:02am
Hi Tooslow sorry to bother you, I wanted to ask a question about the taking profit side of HOLO
So when price leaves the open high or low in the direction of entry on the 5min TF, would it be more convenient to then go on to the 1min timeframe to get a better view of price in terms of the possibility of it reversing back into the zone. If I see a change in candle colour on the 1min TF won't I then have a better timing of closing the trade and avoiding loss if it doesn't go above +5 pips
Thank you
  • #19,729
  • Feb 13, 2025 2:41am Feb 13, 2025 2:41am
Mates,

Few challenges I am having trading HOLO.
Mates, I started learning how to trade HOLO strategy last year December and it has helped me to profit but I have a few challenges.
If you have an idea on how to overcome it, please, educate me.
Challenge 1

From HOLO setup, I place my trade position at the currently open and immediately it hits 5 pips, I place my stop loss at BE+1 and many times it hits the BE+1 and the price will move in my direction. Like as TooSlow says 1 Pip is better than loss. I agree with him 100%.
I decided not to place stop loss at BE+1 and many times it will hit my stop loss and I will lose much.
How can I take advantage of the price that hits my BE+1 and start moving in my direction it will make so many pips that I bank only 1 Pip.

Challenge 2

This time candle will not open inside the AOI but it will just kiss the entry point (current open price) and move in my direction as shown below.
I don't know if anyone has also experienced these two challenges.

If I can solve these two Challenges, I will make very good profit daily.
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  • #19,730
  • Feb 13, 2025 7:18am Feb 13, 2025 7:18am
Quoting Jannah02
Hi Tooslow sorry to bother you, I wanted to ask a question about the taking profit side of HOLO So when price leaves the open high or low in the direction of entry on the 5min TF, would it be more convenient to then go on to the 1min timeframe to get a better view of price in terms of the possibility of it reversing back into the zone. If I see a change in candle colour on the 1min TF won't I then have a better timing of closing the trade and avoiding loss if it doesn't go above +5 pips Thank you
Test it and find out. Report back with your findings.

It only counts if you are trading with real money. No demo trades.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,731
  • Feb 13, 2025 7:20am Feb 13, 2025 7:20am
Quoting Igumapips
Mates, Few challenges I am having trading HOLO. Mates, I started learning how to trade HOLO strategy last year December and it has helped me to profit but I have a few challenges. If you have an idea on how to overcome it, please, educate me. Challenge 1 From HOLO setup, I place my trade position at the currently open and immediately it hits 5 pips, I place my stop loss at BE+1 and many times it hits the BE+1 and the price will move in my direction. Like as TooSlow says 1 Pip is better than loss. I agree with him 100%. I decided not to place stop...
In both "challenges", it appears you are looking for a "crystal ball" so you'll never lose.

Doesn't work that way in trading.

Cheers, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,732
  • Feb 13, 2025 7:22am Feb 13, 2025 7:22am
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“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,733
  • Feb 13, 2025 7:23am Feb 13, 2025 7:23am
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There's a look at M1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,734
  • Feb 13, 2025 7:33am Feb 13, 2025 7:33am
Quoting TooSlow
{image} There's a look at M1.
so here on the M1 timframe there was the opportunity to enter multiple times and take profit when you see you price moving back down, it's easier to get out faster as 1 red candle after all them greens really says it all.
On the M5 you won't get to see that after you enter
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  • #19,735
  • Feb 13, 2025 7:56am Feb 13, 2025 7:56am
Quoting Jannah02
{quote} so here on the M1 timframe there was the opportunity to enter multiple times and take profit when you see you price moving back down, it's easier to get out faster as 1 red candle after all them greens really says it all. On the M5 you won't get to see that after you enter {image}
Just to make sure... You do realize the price is the same no matter what time frame you are looking at?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,736
  • Feb 13, 2025 8:05am Feb 13, 2025 8:05am
Quoting TooSlow
{quote} Just to make sure... You do realize the price is the same no matter what time frame you are looking at?
yes.
its just ive come to realize in order to see the smaller movements of price such as just 1 pip it's better to go on a lower timeframe as you don't always see it on a 5 minute tf
  • #19,737
  • Feb 13, 2025 9:01am Feb 13, 2025 9:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,738
  • Feb 13, 2025 9:31am Feb 13, 2025 9:31am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19,739
  • Feb 14, 2025 3:46am Feb 14, 2025 3:46am
mr.Tooslow.
Are there any such indicators for mt5?
  • #19,740
  • Feb 14, 2025 6:22am Feb 14, 2025 6:22am
Hello @TooSlow, I've been studying this system for a few days and have been going through your answers. Possibly due to my limited English proficiency, I might not have fully grasped the concepts. I've created two charts (1H and 15M) – could you please check if they're correct? Thank you in advance.
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