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Highest Open / Lowest Open Trade

  • #20,501
  • Edited 5:10am Jul 19, 2025 4:18am | Edited 5:10am
Hi TooSlow,

Thank you very much for the wonderful strategy and I was hanging around reading and now I finally took the plunge.
I have started the challenge with USDJPY. I have some winners and some losers on the same day. I hope that with advice from experienced traders I am able gain competency with HOLO method. After starting the challenge, I realized that by just looking at the H1 bars, it seems so obviously easy, but during a live session when we drill down to the raw ticks things get more interesting and confusing.

The common scenario I entered was:
Let say at the HO, prices don't just go up and then reverse down to hit HO for me to open a trade. Instead many times price moves up and down around HO. The M5 bars are opening above and below HO, alternating, making it difficult for me to decide to enter a SELL trade or not. My solution for now is: the price must extend at least some pips, say 6 pips above HO then I would consider entering SELL trade when the price comes back down to hit HO price. And I also need to be mindful of the bid-ask spread and prices shown on the live price chart

Would anyone have any feedback about what I am doing. Anyone with other experience to share are all welcome.

Is there back test or replay software/service that will replay historical data tick by tick? Perhaps creating a more realistic real time price action. With that kind of software I believe it could quicken my learning.

Cheers
  • #20,502
  • Jul 20, 2025 11:17am Jul 20, 2025 11:17am
Who is taking the 10 trade challenge the week of JULY 20, 2025?

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
  • #20,503
  • Jul 20, 2025 11:17am Jul 20, 2025 11:17am
Quoting kumau
Hi TooSlow, Thank you very much for the wonderful strategy and I was hanging around reading and now I finally took the plunge. I have started the challenge with USDJPY. I have some winners and some losers on the same day. I hope that with advice from experienced traders I am able gain competency with HOLO method. After starting the challenge, I realized that by just looking at the H1 bars, it seems so obviously easy, but during a live session when we drill down to the raw ticks things get more interesting and confusing. The common scenario I entered...
If you want help, post your charts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,504
  • Jul 21, 2025 10:11am Jul 21, 2025 10:11am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 36 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,505
  • Jul 26, 2025 5:50pm Jul 26, 2025 5:50pm
Who is taking the 10 trade challenge the week of JULY 27, 2025?

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
  • #20,506
  • Jul 28, 2025 12:51pm Jul 28, 2025 12:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 35 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,507
  • Jul 28, 2025 1:24pm Jul 28, 2025 1:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 32 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,508
  • Jul 28, 2025 1:31pm Jul 28, 2025 1:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 32 KB


Red line at the bottom is the previous trading day's high. This is why one must take profit before the market takes it back.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,509
  • Jul 28, 2025 7:36pm Jul 28, 2025 7:36pm
Quoting kumau
Hi TooSlow, Thank you very much for the wonderful strategy and I was hanging around reading and now I finally took the plunge. I have started the challenge with USDJPY. I have some winners and some losers on the same day. I hope that with advice from experienced traders I am able gain competency with HOLO method. After starting the challenge, I realized that by just looking at the H1 bars, it seems so obviously easy, but during a live session when we drill down to the raw ticks things get more interesting and confusing. The common scenario I entered...
Hey

As far as I know, in Tradingview you can reproduce the history tick by tick, but, this indicator is not available for that platform.

maybe if you can port this indicator to the tradingview you can do it.

Cheers!
  • #20,510
  • Jul 29, 2025 6:10am Jul 29, 2025 6:10am
I have been using HOLO System for Years, this is my one of the best trading systems is ever. It needs discipline, waiting, rule following. It's very simple, and you must understand the Rules and follow the Rules without deviation.

Shout out to TooSlow... Great Stuff mate
  • #20,511
  • Jul 29, 2025 7:05am Jul 29, 2025 7:05am
Quoting CycleGF
I have been using HOLO System for Years, this is my one of the best trading systems is ever. It needs discipline, waiting, rule following. It's very simple, and you must understand the Rules and follow the Rules without deviation. Shout out to TooSlow... Great Stuff mate
What are your trading hours, and which market are you trading? Since you can't know which of the 24 H1 bars per day will be the lowest or highest opening, you would technically have to place an order at least 24 times a day?
  • #20,512
  • Edited 8:18am Jul 29, 2025 7:49am | Edited 8:18am
Quoting yikes
{quote} Hey As far as I know, in Tradingview you can reproduce the history tick by tick, but, this indicator is not available for that platform. maybe if you can port this indicator to the tradingview you can do it. Cheers!
Hello Yikes!
I hope it is ok, when I post this HOLO Indikator for TV, if not, I will delete this post. Look in Indikators Folder for HOLO (Highest Open Lowest Open), from dangtumlang14.
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-07-29_14-47-10_Holo 123.png Size: 39 KB
  • #20,513
  • Jul 29, 2025 9:56pm Jul 29, 2025 9:56pm
Quoting MichaelG
{quote} Just looking at post 3079 from my old mate Merka who thankfully is still around and trading (hopefully well) This was his question.... Hello TooSlow A clarification about Rule1. When a "H1" bar print a new daily high (in the example below D1[0] High=1.29971) we are not allowed to take any trade for the rest of the hour on that pair even if at the end of the hour is remaining 59 minutes. In the example below "H1" will end after "0h 26m 14s" so is necessary to wait "0h 26m 14s" before considering any trade on that chart. In other words is...
Hi Michael,
First of all, appreciate you for your consistent sharing over the past few years. I have also tried this HOLO in recent days. Although I haven't made particularly good profits, I agree with this strategy. At present, I think the biggest difficulties of this strategy lie in overcoming fear and the need to keep an eye on the market all the time after entering a position.
My understanding is that this strategy aims to pursue greater profits through a low stop - loss, so the moving stop - loss strategy is extremely important. If there could be a moving stop - loss program to help make automatic decisions after entering a position, it would lead to better returns. Just like what Tool mentioned before: when it reaches 5 points, set it to b/e + 1; when it reaches 10 points, set it to b/e + 2, and so on. This way, human factors can be eliminated, and the system can operate automatically after we decide to enter a position.
Right now, I’ve been looking for such a trailing stop tool to implement in this strategy. Thanks again for all your sharing and explanations over the years.

cheers
  • #20,514
  • Edited 5:58am Jul 30, 2025 5:44am | Edited 5:58am
Can I configure the indicator "smHiLoOpen Lines_v1.2.mq4" so that the lines start exactly at the MT4 period separator? For me, they're drawn a little beyond it to the left.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.jpg Size: 411 KB


Also the spacing of the time information panel at the top left does not look good and cannot be adjusted

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot2.jpg Size: 566 KB
  • #20,515
  • Jul 31, 2025 11:07pm Jul 31, 2025 11:07pm
Quoting Noisy
Can I configure the indicator "smHiLoOpen Lines_v1.2.mq4" so that the lines start exactly at the MT4 period separator? For me, they're drawn a little beyond it to the left. {image} Also the spacing of the time information panel at the top left does not look good and cannot be adjusted {image}
Focus on trading, not programming.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,516
  • Aug 1, 2025 3:25am Aug 1, 2025 3:25am
TooSlow knows the market really good - and that why lots of people here struggle. Also the technique is not as easy as you think. -There are lots of variables you have to figure out by yourself:
WHEN is a valid entry after the signal to go in? Does the market has to test the previous high/low for just 1 pip or 5 pips?
How important is to trail the position?
How much risk you should maximum take (be aware: this has nothing to do with your position size. It has to do with the amount of pips you risk for your SL)

There are much more factors / variables like the currency you trade in. If you concentrated on USD/CHF for the last years you probably end up with no big gains.

Overall you are in profit but it is much more difficult than you think. It is hard work to monitor all possible currencies. If you concentrate on one sometimes it takes two weeks to get at 1-2-3 signal (HOLO is more often). In a way it is fun to try it because you realize it is hard work but it works!

Quoting BrotherFXx
{quote} Hi .. i love the way you explained this strategy and i love it, but wonder what is the winrate in % ? and why we cant target always 1:1,instead going +5pips in BE after + 10 pips in profit with +5 pips .. please explain more if you have time .
Unfortunately I cannot write you a PM to that topic.
  • #20,517
  • Aug 1, 2025 5:48am Aug 1, 2025 5:48am
Quoting TooSlow
{quote} Focus on trading, not programming. Cheers!
Oh really? I wasn't aware of that. Thanks for the enlightenment ;-)
  • #20,518
  • Aug 1, 2025 7:24am Aug 1, 2025 7:24am
Quoting BrotherFXx
{quote} Hi .. i love the way you explained this strategy and i love it, but wonder what is the winrate in % ? and why we cant target always 1:1,instead going +5pips in BE after + 10 pips in profit with +5 pips .. please explain more if you have time .
Strategies don't have win rates... traders do!!

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #20,519
  • Aug 1, 2025 10:07am Aug 1, 2025 10:07am
GU trade today. Left a runner, already in BE
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
  • #20,520
  • Aug 1, 2025 11:11am Aug 1, 2025 11:11am
Quoting JackintheBox
... If you concentrate on one sometimes it takes two weeks to get at 1-2-3 signal (HOLO is more often). In a way it is fun to try it because you realize it is hard work but it works! {quote} Unfortunately I cannot write you a PM to that topic.
1-2-3 Happens daily. Ditto for HOLO.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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