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Hi-Lo on H4 TF

  • #1
  • First Post: Jul 31, 2025 12:07pm Jul 31, 2025 12:07pm
Gentle traders, I swear that before opening this topic, I thought about it a lot, and above all, I browsed the Forex Factory pages to see if what I wanted didn't already exist.

My idea is similar to another thread called London Breakout, but the EA published in that strategy no longer works. I've already searched and found other EAs that work in a similar way, there are many, but they don't work as I would like even if the strategy is simple and very, very old. If you look on YouTube for hedging o recovery strategies you can find a lot.

Keep in mind that this strategy uses the martingale.

My idea is very simple:
TF always H4; hours 04:00-07:59 or 08:00-11:59 are the best.
At 07:59 or 11:59, place a buy stop at the high and sell stop at the low of the H4 candle.

If it takes an order on one side, cancel the other order and open a trade with a lot size twice the first order. If the first order is a buy on a high of 0.01, the second sell order at the low is 0.02 with a stop loss on the high, and so on. 0.01, 0.02, 0.04, etc.

The EA will be inserted into all currency pairs, and the take profit will be a global take profit for all trades. This is because during the day, some pairs trend and will be the ones that generate profits, while other pairs move sideways and will require a few martingale moves to at least offset their losses.

We expect a take profit of about 10 pips for each currency pair. Therefore, if we have 30 pairs, the expected profit is 300 pips minus commissions, but all the trades will be closed with a separate EA called Equity Sentry you can find here on FF.

This strategy has the advantage of tracking all pairs regardless of current volatility, the time of day if you live in an inconvenient time zone, and not being forced to sit in front of the computer all the day.

The volatile pairs will offset the stable ones.

If your computer can't handle the workload of 30 EAs, you can choose pairs that are uncorrelated.

The options in the EA should be:

Start time and end time
Lots
Martingale progression
TP a SL for whom wants to work only with one pair.

Suggestions are welcomed and I thank you in advance for your attention.
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  • #2
  • Jul 31, 2025 12:59pm Jul 31, 2025 12:59pm
Maybe consider using an ATR based SL/TP in order to adapt to the huge differences among many pairs; also, instead of a fixed lot base, you could use a $ based calculation due to the big tick-value differences.
  • #3
  • Jul 31, 2025 1:46pm Jul 31, 2025 1:46pm
i tried something similar but i used 15 pips from the close price above below the 4 hour open price for entry and a 30 pip exit

so the trigger comes 15 pips above or below the 4 hour open and stop goes at 15 pips and exit at 30

if you get 30 pips close it

if it does not hit the 30 and you get -15 then hits the -15 entry exit

so if you use 0.01 for the 1st trade and it lost use 0.02 lots for the next trade and exit with 30 pips

thats 0.02 lots x 30 is 60 pips, - the 15 pips is 45 pips net


this would require price action to move 30 and 15 = 45 pips from the open price above or below for it to work

try and see
  • #4
  • Edited 2:24pm Jul 31, 2025 1:57pm | Edited 2:24pm
Quoting jamesagnew
i tried something similar but i used 15 pips from the close price above below the 4 hour open price for entry and a 30 pip exit so the trigger comes 15 pips above or below the 4 hour open and stop goes at 15 pips and exit at 30 if you get 30 pips close it if it does not hit the 30 and you get -15 then hits the -15 entry exit so if you use 0.01 for the 1st trade and it lost use 0.02 lots for the next trade and exit with 30 pips thats 0.02 lots x 30 is 60 pips, - the 15 pips is 45 pips net this would require price action to move 30 and 15 = 45 pips...
This can be an ideia that can done manually on D1 than H4. I will look at.
  • #5
  • Jul 31, 2025 2:18pm Jul 31, 2025 2:18pm
would you exit at 4 hour close or hold longer ?
  • #6
  • Jul 31, 2025 2:44pm Jul 31, 2025 2:44pm
Quoting jamesagnew
i tried something similar but i used 15 pips from the close price above below the 4 hour open price for entry and a 30 pip exit so the trigger comes 15 pips above or below the 4 hour open and stop goes at 15 pips and exit at 30 if you get 30 pips close it if it does not hit the 30 and you get -15 then hits the -15 entry exit so if you use 0.01 for the 1st trade and it lost use 0.02 lots for the next trade and exit with 30 pips thats 0.02 lots x 30 is 60 pips, - the 15 pips is 45 pips net this would require price action to move 30 and 15 = 45 pips...
This indicator works similar what you have suggested. There is an EA that does it. Unhappily it doesn't work no more. But it was a good EA because the ideia was good. It comes from this thread: https://www.forexfactory.com/thread/...on-breakout-v2
Attached File(s)
File Type: ex4 London BreakoutV9.1.ex4   33 KB | 170 downloads
File Type: mq4 London BreakoutV9.1.mq4   24 KB | 179 downloads
  • #7
  • Jul 31, 2025 2:51pm Jul 31, 2025 2:51pm
Quoting jamesagnew
Usciresti alla chiusura di 4 ore o manterresti la posizione più a lungo?
I wrote that I want to apply this strategy to as many pairs as possible, taking advantage of the different volatility, and the close is a global closing of profits minus losses. Assuming I apply 0.01 lots and assume I make 10 pips for each pair, for 20 pairs, my exit would be $20 minus commissions. The ideal is an EA that locks in the total profits achieved, as with a trailing stop. Lock1, lock2, lock3, etc.
  • #8
  • Jul 31, 2025 3:04pm Jul 31, 2025 3:04pm
Quoting flashpaul
{quote} I wrote that I want to apply this strategy to as many pairs as possible, taking advantage of the different volatility, and the close is a global closing of profits minus losses. Assuming I apply 0.01 lots and assume I make 10 pips for each pair, for 20 pairs, my exit would be $20 minus commissions. The ideal is an EA that locks in the total profits achieved, as with a trailing stop. Lock1, lock2, lock3, etc.

ok

so you mean 5 10 15 20 25 30

scaling out

?

on my system i just aimed for 5 pips profit

but it would mean a 15 pip stop

good luck in your findings
  • #9
  • Jul 31, 2025 3:07pm Jul 31, 2025 3:07pm
Quoting flashpaul
{quote} I wrote that I want to apply this strategy to as many pairs as possible, taking advantage of the different volatility, and the close is a global closing of profits minus losses. Assuming I apply 0.01 lots and assume I make 10 pips for each pair, for 20 pairs, my exit would be $20 minus commissions. The ideal is an EA that locks in the total profits achieved, as with a trailing stop. Lock1, lock2, lock3, etc.
aren't the ranging pairs making your global TP hard to reach?
If you have few pairs that are trending (lets say with 0.01 lots per trade), 5 or more ranging and on martingale (lets say with 0.08 or 0.16 lots per trade) and the rest are not moving but still on 0.01 or 0.02 lots per trade
than
how can you manage to globally close all together with the desired global profit?
  • #10
  • Jul 31, 2025 3:11pm Jul 31, 2025 3:11pm
15 pips above below the open enter and then exit with 5 pips with a 15 pip stop , so the stop at the open

if you get 5 wins at 5 pips thats 25 pips , 10 wins thats 50 pips

then if you get a loss at 15 pips then you make 10 pips net on a 5 win ration win loss,

or a 35 pip net profit on a 10 win loss ratio


if you get 5 wins and 2 losses thars -5 pips net


"if at first you dont succeed try and try again"
  • #11
  • Jul 31, 2025 3:53pm Jul 31, 2025 3:53pm
if someone can create an EA for this

use the 4 hour open at 12:00 pm

and use the 5 minute chart with the 4 hour open liine with -15 and + 15 pips above - below the 4 hour

wait for the 5 minute candle to close past the -15 or +15 area

enter and hold until the price closes on opposite side of the line

this is a good way of having a smaller stop rather than waiting for the 15 pip stop

the target is 10 pips

either you exit with small loss or exit with 10 pips

if the candle closes past the 15 pip level then closes back inside then that trade is done for today

there are other pairs
  • #12
  • Jul 31, 2025 5:03pm Jul 31, 2025 5:03pm
Quoting Merka
{quote} Le coppie in range non rendono difficile raggiungere il tuo TP globale? Se hai poche coppie in trend (diciamo con 0,01 lotti per operazione), 5 o più in range e in martingala (diciamo con 0,08 o 0,16 lotti per operazione) e le altre non si muovono ma sono ancora a 0,01 o 0,02 lotti per operazione, come puoi riuscire a chiudere globalmente con il profitto globale desiderato?
With sideways currency pairs, the martingale is used to mitigate losses, which are offset by those with high volatility. I've observed several times that a martingale step or two is enough while the other currency pairs are rising. I don't want to have to follow them all, nor do I know which ones will rise and which ones won't. That's why I'd like to place an EA on all the pairs and close with a positive balance.
  • #13
  • Jul 31, 2025 5:14pm Jul 31, 2025 5:14pm
Quoting jamesagnew
se qualcuno può creare un EA per questo usa l'apertura a 4 ore alle 12:00 e usa il grafico a 5 minuti con la linea di apertura a 4 ore con -15 e + 15 pip sopra - sotto le 4 ore attendi che la candela a 5 minuti chiuda oltre l'area -15 o +15 entra e mantieni finché il prezzo non chiude sul lato opposto della linea questo è un buon modo per avere uno stop più piccolo piuttosto che aspettare lo stop a 15 pip l'obiettivo è 10 pip o esci con una piccola perdita o esci con 10 pip se la candela chiude oltre il livello di 15 pip e poi chiude di nuovo all'interno...
A short stop loss is very easy to catch. This is why I prefer to use the martingale. Furthermore, your suggestion is more suited to manual work with one or more few pairs and would only work with those showing reversal signals to be caught at that moment. I have a strategy based on a double top or double bottom with H4 candles hitting the daily high and low. But that's another story.
  • #14
  • Jul 31, 2025 5:29pm Jul 31, 2025 5:29pm
Quoting jamesagnew
{quote} ok, quindi intendi 5 10 15 20 25 30 scalando? Sul mio sistema ho puntato solo a un profitto di 5 pip, ma significherebbe uno stop di 15 pip, buona fortuna con le tue scoperte
.

We can also decide to open trades at 7:59 AM and close everything at 8:00 PM, regardless of the balance, whether positive or negative. If you have $1,000 in your account and trade 30 pairs at 0.01 lots, your final balance could be +50 or -50 USD. I'll show you some manual back tests soon.
  • #15
  • Jul 31, 2025 7:12pm Jul 31, 2025 7:12pm
I don't want to sound like a braggart, but I counted all the pips accrued in 28 currency pairs, excluding commodities and indices, today, July 31, 2025, from 8:00 AM on the broker's timeframe until 8:00 PM: that's more than 1.200 pips. I wonder why we should miss them. I wonder why it's not possible to program a lightweight EA to insert into all these pairs and take home even half of these pips. And without the need for complicated calculations: just buy at the high and sell at the low of the H4 candle and martingale progression.
  • #16
  • Jul 31, 2025 7:42pm Jul 31, 2025 7:42pm
Quoting flashpaul
I don't want to sound like a braggart, but I counted all the pips accrued in 28 currency pairs, excluding commodities and indices, today, July 31, 2025, from 8:00 AM on the broker's timeframe until 8:00 PM: that's more than 1.200 pips. I wonder why we should miss them. I wonder why it's not possible to program a lightweight EA to insert into all these pairs and take home even half of these pips. And without the need for complicated calculations: just buy at the high and sell at the low of the H4 candle and martingale progression.
i found an ea can work on what you look

https://www.forexfactory.com/thread/...6#post15303596
just change the time and it does the martingale you searching
  • #17
  • Edited 5:22am Aug 1, 2025 5:07am | Edited 5:22am
[quote=ordosgoitia;15333573]{quote} ho trovato un ea che può funzionare su quello che stai cercando https://www.forexfactory.com/thread/...6#post15303596 cambia semplicemente l'ora e fa la martingala che stai cercando[/quo

It is not an EA, but an indicator.
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  • #18
  • Edited 6:13am Aug 1, 2025 6:03am | Edited 6:13am
I guess that I found the EA which I was looking for. The thread doesn't stop here. I am going to test it and to share results.

https://expforex.com/swing/
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Attached File(s)
File Type: ex4 Exp Swing.ex4   2.1 MB | 214 downloads
  • #19
  • Last Post: Aug 1, 2025 7:43am Aug 1, 2025 7:43am
On USDJPY and AUDUSD (only casual test for understanding how this EA works because it has many options) with the help of NFP it has gone well.
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