Highest Open / Lowest Open Trade

Quoting Malkolm

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{quote} Risk per deal is always 30$, stoploss at the minimum/maximum of the day, at +5 I close the deal I see that at the moment the deal management leaves much to be desired, as 1 losing deal overlaps 3 or more profitable ones. Now I am learning to 1) move to BE+1 as early as possible using M1-M5 2) to reduce the loss This is my weakness, which I am trying to correct, but I would be glad to have your hint. For example: if I am waiting for an entry signal on M5, the M5 bar opened below the H1 Opening Low, then the price became equal to the H1 Opening...

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Quoting TooSlow

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{quote} HINT: Risk management has nothing to do with the chart.

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Quoting Malkolm

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{quote} If I understand correctly, then based on this logic it is not what happens on the trading charts that matters, but what gives a statistical advantage HOLO gives a specific entry point and a fixed stop loss, but the market is a dynamic organism and in one case the stop can be 30, in another case 3 pips. And at the same entry someone will make money, and someone will over-hold/under-hold the profit and the results will be different. That's why it is necessary to develop conditions for early closing of a deal on profit/loss. Maybe I am overcomplicating...

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Quoting TooSlow

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{quote} HINT #2: Think of risk management as "guard rails". They help keep accidents from becoming fatalities. You do not want your account to "die"!!

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Quoting Malkolm

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{quote} I agree, Mate In that case, it's really worth putting “cruise control” on your trade so you don't crash on a trade trip. That's exactly what your nickname is - Tooslow The first thing I will do today is to exit a trade NOT waiting for a stop to crush my capital Further entries will be based on this logic. Cheers!

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Quoting Heretotrade

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I have gone through and read the instructions many times and still cannot get a grasp on the rules. It seems to me there a a few different rules from the original in this thread. Can anyone please explain these rules in basic terms. I think the rules need to be re written and perhaps a video made ( I can help with this) as there's a lot of loose ends with this strategy.

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Quoting Heretotrade

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I have gone through and read the instructions many times and still cannot get a grasp on the rules. It seems to me there a a few different rules from the original in this thread. Can anyone please explain these rules in basic terms. I think the rules need to be re written and perhaps a video made ( I can help with this) as there's a lot of loose ends with this strategy.

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Quoting Heretotrade

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I think I undersatnd it now, I've been looking at the 123 strategy and HoLo looks similiar however with HOLO we are taking trades off the open of bars not the highest or lowest bar of the session. Like the 123 we are also moving the HOLO line positions as the market moves? If I have this incorrect please advise me.

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