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Highest Open / Lowest Open Trade

  • #1,501
  • Jun 1, 2016 10:05am Jun 1, 2016 10:05am
Quoting wannalearn12
{quote} Did you enter at the open high?
Yes.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,502
  • Jun 1, 2016 10:07am Jun 1, 2016 10:07am
Be +1 EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 31 KB
  • #1,503
  • Jun 1, 2016 10:07am Jun 1, 2016 10:07am
Should I remove all the extra explanations on post #1 and let people discover them as they read this thread?
Considering the "too many rules" comment at the moment.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,504
  • Jun 1, 2016 10:09am Jun 1, 2016 10:09am
Quoting TooSlow
Should I remove all the extra explanations on post #1 and let people discover them as they read this thread? Considering the "too many rules" comment at the moment.
Don't let that get to you. The information you have provided is undoubtedly pure London gold. Let the passers-by choose their own fates.
  • #1,505
  • Jun 1, 2016 10:09am Jun 1, 2016 10:09am
TooSlow,

very good thread indeed.
I understand the concept but I still need to get my head around some things. I believe this method is extremely easy once you understand it.
Will try my best, thanks for sharing...
The quality of your life is brought about by the quality of your thinking.
  • #1,506
  • Jun 1, 2016 10:09am Jun 1, 2016 10:09am
Quoting hornet
TooSlow, very good thread indeed. I understand the concept but I still need to get my head around some things. I believe this method is extremely easy once you understand it. Will try my best, thanks for sharing...
What don't you get? I may be able to help. I am only trading one currency atm.
  • #1,507
  • Jun 1, 2016 10:10am Jun 1, 2016 10:10am
Just to show how BE+1 Protects
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  • #1,508
  • Jun 1, 2016 10:12am Jun 1, 2016 10:12am
+20 EURAUD
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  • #1,509
  • Jun 1, 2016 10:16am Jun 1, 2016 10:16am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 50 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,510
  • Jun 1, 2016 10:16am Jun 1, 2016 10:16am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 50 KB


Trailing stop deployed
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,511
  • Jun 1, 2016 10:17am Jun 1, 2016 10:17am
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  • #1,512
  • Jun 1, 2016 10:18am Jun 1, 2016 10:18am
Quoting hornet
TooSlow, very good thread indeed. I understand the concept but I still need to get my head around some things. I believe this method is extremely easy once you understand it. Will try my best, thanks for sharing...
Welcome hornet:

Please ask questions.
Best to post charts when you do.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,513
  • Jun 1, 2016 10:18am Jun 1, 2016 10:18am
Quoting TooSlow
{image} Trailing stop deployed
Rode it all the way down!? Eat the cake. Eat the cake.
  • #1,514
  • Jun 1, 2016 10:18am Jun 1, 2016 10:18am
Quoting wannalearn12
Just to show how BE+1 Protects {image}
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,515
  • Jun 1, 2016 10:19am Jun 1, 2016 10:19am
Quoting TooSlow
Should I remove all the extra explanations on post #1 and let people discover them as they read this thread? Considering the "too many rules" comment at the moment.
As you always say, you have to make the method your own. You are just giving guidelines but they all make sense and fit logically. I like this method very much and it suits my trading day and style. At the moment I am trading at break even, meaning my losses equal my wins.

If people are profitable with another strategy then they can trade that.....
  • #1,516
  • Jun 1, 2016 10:19am Jun 1, 2016 10:19am
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Trailing stop hit
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,517
  • Jun 1, 2016 10:23am Jun 1, 2016 10:23am
Quoting wannalearn12
{quote} Don't let that get to you. The information you have provided is undoubtedly pure London gold. Let the passers-by choose their own fates.
Looking to improve and simplify.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,518
  • Jun 1, 2016 10:25am Jun 1, 2016 10:25am
I use this EA for order entry: It can be found on the Mt4 Marketplace tab. Just search for VR Stealth Pro. I use the free version.

The EA needs some practice but it is very intuitive and all one click execution straight from the chart.

The programmer is also active here on FF, under Voldemar227.

https://www.mql5.com/en/market/product/5914
  • #1,519
  • Jun 1, 2016 10:28am Jun 1, 2016 10:28am
Quoting wannalearn12
{quote} What don't you get? I may be able to help. I am only trading one currency atm.
Thanks.
Say I come to the charts and start drawing my lines, and the white ones are my H1L and I keep moving them down.

As you can see at the blue box this is pretty straightfroward since it makes a new lo (just) and my entries come at yellow triangles (2 entries), correct?

Now though, as we move forward in time my H1L moves as well soon after the second triangle, following candle does not break the low but turns back up past the H1L, is this an entry at the green arrow? (and following ones as well)

Thanks
Attached Image (click to enlarge)
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The quality of your life is brought about by the quality of your thinking.
  • #1,520
  • Jun 1, 2016 10:31am Jun 1, 2016 10:31am
Quoting Habo
I use this EA for order entry: It can be found on the Mt4 Marketplace tab. Just search for VR Stealth Pro. I use the free version. The EA needs some practice but it is very intuitive and all one click execution straight from the chart. The programmer is also active here on FF, under Voldemar227. https://www.mql5.com/en/market/product/5914
Just a click for BE is so nice
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