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Highest Open / Lowest Open Trade

  • #4,081
  • Jul 24, 2016 6:16pm Jul 24, 2016 6:16pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,082
  • Jul 24, 2016 6:20pm Jul 24, 2016 6:20pm
Quoting TooSlow
{image} The input TextPostion is what you need to change when you move the bars closer together. TextPostion = 7 is what is used for this chart. Please post a chart after you download the template. {file}
TS

With the new template .... good work .... thanks for the time and efforts

SB
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trying to make everyday the best risk/reward decisions possible
  • #4,083
  • Jul 24, 2016 6:21pm Jul 24, 2016 6:21pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,084
  • Jul 24, 2016 6:48pm Jul 24, 2016 6:48pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,085
  • Jul 24, 2016 6:50pm Jul 24, 2016 6:50pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,086
  • Jul 24, 2016 10:10pm Jul 24, 2016 10:10pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,087
  • Jul 24, 2016 10:27pm Jul 24, 2016 10:27pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,088
  • Jul 24, 2016 10:35pm Jul 24, 2016 10:35pm
Quoting TooSlow
{image} The input TextPostion is what you need to change when you move the bars closer together. TextPostion = 7 is what is used for this chart. Please post a chart after you download the template. {file}
thanks and good traders for this week...
  • #4,089
  • Jul 25, 2016 12:10am Jul 25, 2016 12:10am
First trade today: +8pips
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  • #4,090
  • Jul 25, 2016 3:36am Jul 25, 2016 3:36am
Quoting TooSlow
{image} {image} Another indicator enhancement. Set Trend_Bars input to zero and the indicator draws the line in same direction until a higher or lower open. Easy to see how many bars in a row have higher/lower opens. Set Draw_Trend input to false and no line drawn. {file}
Hi tooslow,

one question: I dont understand at all why this hilo trend line? Which benefit? How can I use it in this strategy. You said: "Easy to see how many bars in a row have higher/lower opens." Could you please a bit deeper explain?


Thank you

Kind Regards

Ben
  • #4,091
  • Jul 25, 2016 3:42am Jul 25, 2016 3:42am
And a second question: What is this CANSignal in the rigth upper corner?
  • #4,092
  • Jul 25, 2016 3:46am Jul 25, 2016 3:46am
Second Trade today : -7 pips

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Please advise
  • #4,093
  • Jul 25, 2016 3:47am Jul 25, 2016 3:47am
thirt: +4,8 pips

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  • #4,094
  • Jul 25, 2016 3:49am Jul 25, 2016 3:49am
4. trade today: +7,5 pips

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  • #4,095
  • Jul 25, 2016 4:12am Jul 25, 2016 4:12am
Quoting kleybenny
And a second question: What is this CANSignal in the rigth upper corner?
It's an indicator that shows candle color for each time frame.
Cheers.
Merka
  • #4,096
  • Jul 25, 2016 4:29am Jul 25, 2016 4:29am
Did anyone ever put this in 100% automatic to read backtest results?
Could also be interesting for people learning how it works and what kind of moves to avoid.
90% of traders use TA, indicators and prediction
  • #4,097
  • Jul 25, 2016 4:37am Jul 25, 2016 4:37am
Quoting _BBKing_
Did anyone ever put this in 100% automatic to read backtest results? Could also be interesting for people learning how it works and what kind of moves to avoid.
I'm interested to automate this strategy but I'm not a coder.
Are you good to code in MT4?
If not, would you like to share the cost of coding the EA.
I inquared some freelance coder and the cost to code this simple strategy is reasonable (less than $100).
Cheers.
Merka
  • #4,098
  • Jul 25, 2016 5:08am Jul 25, 2016 5:08am
Quoting Merka
{quote} I'm interested to automate this strategy but I'm not a coder. Are you good to code in MT4? If not, would you like to share the cost of coding the EA. I inquared some freelance coder and the cost to code this simple strategy is reasonable (less than $100). Cheers. Merka

Of course it is less that 100$!!!!!!!!!!!!!
To write such a dumb code it would be less than 5$ !!!
It's just detecting highest / lowest open over Xn previous bar and set a bunch of orders.
Quite silly job if you ask me.

Anyway I'm not able to code in mql, don't know it at all.
I am coding it in Java (for JForex) Indeed already done the first part detecting h1 and m15 high / low open and print lines in chart (just for the sake of visibility)
Total time spent : 25minutes (taking in account I am working in 5 things together).

Here's the chart showing today's cable levels updated few minutes ago (could change meanwhile posting)

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Looking at the chart there have been 2 nice opp one sell and one buy (blue lines are h1 and orange is m15)
90% of traders use TA, indicators and prediction
  • #4,099
  • Jul 25, 2016 5:14am Jul 25, 2016 5:14am
Quoting _BBKing_
{quote} Of course it is less that 100$!!!!!!!!!!!!! To write such a dumb code it would be less than 5$ !!! It's just detecting highest / lowest open over Xn previous bar and set a bunch of orders. Quite silly job if you ask me. Anyway I'm not able to code in mql, don't know it at all. I am coding it in Java (for JForex) Indeed already done the first part detecting h1 and m15 high / low open and print lines in chart (just for the sake of visibility) Total time spent : 25minutes (taking in account I am working in 5 things together). Here's...
Good job BBking.
It will be really nice to see your EA test results to understand the potential outcome of this strategy.
Cheers.
Merka
  • #4,100
  • Jul 25, 2016 5:19am Jul 25, 2016 5:19am
Quoting Merka
{quote} Good job BBking. It will be really nice to see your EA test results to understand the potential outcome of this strategy. Cheers. Merka

yes will lunch some backtest in 1-2 instruments
at least to understand what is better if waiting the m5 candles to close outside the lines, or simply having few ticks and place a stop order

anyway... if meanwhile anyone got some backtest please let us know.. could be hepful for everyone!
90% of traders use TA, indicators and prediction
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TooSlow