Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#20,601
Sep 9, 2025 8:27am Sep 9, 2025 8:27am

jj90
| Joined Nov 2017 | Status: Trader | 17 Posts

The 10 trade challenge the week of SEPTEMBER 8, 2025.
Just to remind rules myself, show differences to original system (M5 vs M15 bars) and exlude options in decisions (trailing stop):
Sell short at the highest H1 open after price goes up through it and comes back down.
Buy at the lowest H1 open after price goes down through it and comes back up.
M15 bar must open below the lowest H1 open before you can enter.
M15 bar must open above the highest H1 open before you can enter.
Take profit by moving stop.
When trade is +5 or more, move stop to BE+1.
When trade is +10 or more switch to trailing stop (5pips)

Pair : GBPUSD
Position size: 0.01
Account: Real

Day 2 summary:
Trades: 1
Result Pips: 11,3
I am really proud of myself for today, 100% of plan execution with lot of patience. Does it hurt what happened after trailing stop was hit (not showed on the screenshot)? As hell...

Challenge summary:
Trades: 6
Result Pips: +5,8 - 7,5 -7,1-6,7 +0,5+11,3= -3,7

Screenshot of the trade:

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#20,602
Sep 10, 2025 3:59am Sep 10, 2025 3:59am

WallFlower
| Joined Oct 2023 | Status: Trader | 132 Posts

TRADE 5 EURUSD +0 Break Even Running Total: +5 +7 -4 +4 +0 = 12
Extreme caution was used as price is below yesterdays high. I closed when it came back to my entry as I wasnt going to let my winner turn into a loser and followed my plan.
Doesnt feel good when it seems to run without me but I followed my plan and thats what matters.

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#20,603
Sep 10, 2025 4:29am Sep 10, 2025 4:29am

WallFlower
| Joined Oct 2023 | Status: Trader | 132 Posts

Brutal

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#20,604
Sep 10, 2025 5:12am Sep 10, 2025 5:12am

WallFlower
| Joined Oct 2023 | Status: Trader | 132 Posts

TRADE 6 EURUSD +5 Running Total: +5 +7 -4 +4 +0 +5 = 17

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#20,605
Sep 10, 2025 7:45am Sep 10, 2025 7:45am

jj90
| Joined Nov 2017 | Status: Trader | 17 Posts

The 10 trade challenge the week of SEPTEMBER 8, 2025.
Just to remind rules myself, show differences to original system (M5 vs M15 bars) and exlude options in decisions (trailing stop):
Sell short at the highest H1 open after price goes up through it and comes back down.
Buy at the lowest H1 open after price goes down through it and comes back up.
M15 bar must open below the lowest H1 open before you can enter.
M15 bar must open above the highest H1 open before you can enter.
Take profit by moving stop.
When trade is +5 or more, move stop to BE+1.
When trade is +10 or more switch to trailing stop (5pips)

Pair : GBPUSD
Position size: 0.01
Account: Real

Day 3 summary:
Trades: 4
Result Pips: -4,9 - 4,9 + 4,8 +1,3 = -3,7

Challenge summary:
Trades: 10
Result Pips: +5,8 - 7,5 -7,1-6,7 +0,5+11,3 -4,9 - 4,9 + 4,8 +1,3 = -7,4 pips

Screenshot of the trade:

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#20,606
Sep 10, 2025 7:50am Sep 10, 2025 7:50am

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#20,607
Sep 10, 2025 7:52am Sep 10, 2025 7:52am

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

Quoting jj90

Disliked

The 10 trade challenge the week of SEPTEMBER 8, 2025. Just to remind rules myself, show differences to original system (M5 vs M15 bars) and exlude options in decisions (trailing stop): Sell short at the highest H1 open after price goes up through it and comes back down. Buy at the lowest H1 open after price goes down through it and comes back up. M15 bar must open below the lowest H1 open before you can enter. M15 bar must open above the highest H1 open before you can enter. Take profit by moving stop. When trade is +5 or more, move stop to BE+1....

Ignored

What have you learned?

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#20,608
Sep 10, 2025 7:55am Sep 10, 2025 7:55am

jj90
| Joined Nov 2017 | Status: Trader | 17 Posts

10 trades challenge completed, results are not satisfactory for sure it is not enough to make any statements.

Next challenge for myself, rules as follows (changes to previous bolded&underlined)

The 10 trade challenge
Sell short at the highest H1 open after price goes up through it and comes back down.
Buy at the lowest H1 open after price goes down through it and comes back up.
M5 bar must open below the lowest H1 open before you can enter.
M5 bar must open above the highest H1 open before you can enter.
Take profit = 5 pips (no move to BE & no trailing)
Stop loss = High + 1/2 pips / Low -1/-2 pips

Pair : GBPUSD, USDJPY (for more opportunities & filtration)
Position size: 0.01

#20,609
Sep 10, 2025 8:13am Sep 10, 2025 8:13am

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

Quoting jj90

Disliked

10 trades challenge completed, results are not satisfactory for sure it is not enough to make any statements. Next challenge for myself, rules as follows (changes to previous bolded&underlined) The 10 trade challenge Sell short at the highest H1 open after price goes up through it and comes back down. Buy at the lowest H1 open after price goes down through it and comes back up. M5 bar must open below the lowest H1 open before you can enter. M5 bar must open above the highest H1 open before you can enter. Take profit = 5 pips (no move to BE & no...

Ignored

You let a winner or 2 turn into a loser. Focus on taking money and not losing money.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#20,610
Sep 10, 2025 8:41am Sep 10, 2025 8:41am

jj90
| Joined Nov 2017 | Status: Trader | 17 Posts

Quoting TooSlow

Disliked

{quote} You let a winner or 2 turn into a loser. Focus on taking money and not losing money.

Ignored

Quoting TooSlow

Disliked

{quote} What have you learned?

Ignored

I was using 100% mechanical approach regarding stop loss, for sure it is not a solution.

In the meantime I am reading the thread since the beggining, my struggles are exactly the same as these from 2016

What I learned:
- these 3 trading day 8 h a day close to charts proved me that I am able to patient and wait- to me it was the main point of this challenge
- my account is standard type, I used "raw" (small spread + commision) in the past, not sure which is better for this strategy (probably doesn't matter) but I feel that becouse of this my SLs were hit few times
- whole concept is interesting and I want to investigate it further
- for now I will take next 10 trades challenge with 2 small changes me as I think that it might improve my results

#20,611
Sep 10, 2025 9:01am Sep 10, 2025 9:01am

Slightlyodd
| Joined Aug 2022 | Status: Trader | 139 Posts

Shorts zone to zone.

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#20,612
Sep 10, 2025 9:50am Sep 10, 2025 9:50am

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#20,613
Sep 10, 2025 12:59pm Sep 10, 2025 12:59pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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Catch and release.

Cheers!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#20,614
Sep 10, 2025 4:00pm Sep 10, 2025 4:00pm

Slightlyodd
| Joined Aug 2022 | Status: Trader | 139 Posts

Quoting TooSlow

Disliked

{image} Catch and release. Cheers!

Ignored

Love it.

#20,615
Sep 11, 2025 4:43am Sep 11, 2025 4:43am

WallFlower
| Joined Oct 2023 | Status: Trader | 132 Posts

TRADE 7 EURUSD -5 Running Total: +5 +7 -4 +4 +0 +5 -5 = 12
closed slightly before full loss

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#20,616
Sep 11, 2025 5:52am Sep 11, 2025 5:52am

WallFlower
| Joined Oct 2023 | Status: Trader | 132 Posts

TRADE 8 EURUSD -3 Running Total: +5 +7 -4 +4 +0 +5 -5 -3 = 9
closed before full loss, will re enter if given the chance

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#20,617
Sep 11, 2025 6:36am Sep 11, 2025 6:36am

jj90
| Joined Nov 2017 | Status: Trader | 17 Posts

Quoting jj90

Disliked

10 trades challenge completed, results are not satisfactory for sure it is not enough to make any statements. Next challenge for myself, rules as follows (changes to previous bolded&underlined) The 10 trade challenge Sell short at the highest H1 open after price goes up through it and comes back down. Buy at the lowest H1 open after price goes down through it and comes back up. M5 bar must open below the lowest H1 open before you can enter. M5 bar must open above the highest H1 open before you can enter. Take profit = 5 pips (no move to BE & no...

Ignored

challenge completed with all rules broken. Nothing to share. Will try to take next challenge.

#20,618
Sep 11, 2025 7:01am Sep 11, 2025 7:01am

WallFlower
| Joined Oct 2023 | Status: Trader | 132 Posts

TRADE 9 AND 10 EURUSD -2 and +7 Running Total: +5 +7 -4 +4 +0 +5 -5 -3 -2 +7 = 14
small loss and then a winner.
challenge completed, ended up in profit on paper but after subtracting commissions which works out to just under a pip worth I ended up with a few pips only
BUT positive is positive, will analyze the winners and losers and go again
50% winrate
Average Win : 5.6
Average Loss : -3.5
Will do some further checks soon

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