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Highest Open / Lowest Open Trade

  • #4,981
  • Aug 15, 2016 1:20am Aug 15, 2016 1:20am
hi
the changes had made
and now we have an option in input values that can be change the TRIGGER TIMEFRAME

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in first input user can set the trigger timeframe between M5 or M15 or M30
in second input user can set stoploss model meanes fixed sl or some pips plus day high

value of these two sl mode set in next inputs

attention : Breakouts bar calculate depend on what trigger timeframe that user select in first input of EA
and if for example M15 bar toches the day high it is breakout and we wait until current M15 bar closed in previost version EA wait until H1 candle close but now wait until current trigger candle close.

tanx
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File Type: mq4 MT_EXAMPLE_Hi_Low_H1_ver1.1.mq4   40 KB | 595 downloads
  • #4,982
  • Aug 15, 2016 2:14am Aug 15, 2016 2:14am
Quoting TooSlow
{quote} Spread was 7+ pips. Was stalking.
2.3 here, but stalking too before bedtime.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,984
  • Aug 15, 2016 2:20am Aug 15, 2016 2:20am
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It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,985
  • Aug 15, 2016 2:20am Aug 15, 2016 2:20am
Morning all - any Southern Hemisphere guys pick this up? Or were you all like me, watching Andy Murray bubbling then Usain Bolt stroll 100m in Rio? Nice start to the week if you did.

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  • #4,986
  • Aug 15, 2016 2:27am Aug 15, 2016 2:27am
Quoting lemercenaire
Morning all - any Southern Hemisphere guys pick this up? Or were you all like me, watching Andy Murray bubbling then Usain Bolt stroll 100m in Rio? Nice start to the week if you did. {image}
Morning LM - yes, very nice one.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,987
  • Aug 15, 2016 2:29am Aug 15, 2016 2:29am
Quoting PippyTheGrt
{quote} Have you perhaps mixed up above and below here: "H1 BOs of yesterday's High - If today's High is above yesterday's High - TRADE WITH CAUTION H1 BOs of yesterday's High - If today's High is below yesterday's High - and by definition will already have been broken - NO TRADE NO MATTER WHAT." because if 1) TDH is above YDH high it (YDH) will have been broken and if 2) TDH is below YDH then it (YDH) has not been broken. Case 1) is more akin a market structure long (a Higher High) and a short is perhaps more likely to be a pullback vs. reversal;...
Oh FGS - I don't know anything anymore!!!!!!! lol!!! BASICALLY...I won't trade breakouts of Today's H1 High.. If it's Yesterday's High, I'll trade it with caution, all relative to Today's H1 High.

That's gotta' be right now!
  • #4,988
  • Aug 15, 2016 2:37am Aug 15, 2016 2:37am
Quoting PippyTheGrt
{quote} In general, there are two choices: 1. a low win % combined with a high risk/reward ratio 2. a high win % combined with a low risk/reward ratio The search for "better" (than what ?) is like searching for the Holy Grail. In both cases above there is emotional stress to be overcome: 1) has many "losses" and 2) has low average profits. There are more ways to skin a cat, it's more a matter of which pain suits best
As I've said before - all those +1s and +5s add up and you will still catch the big moves. Bear in mind it is not a constant 5 pip trail, it is my preference to switch it up to a +10 trail (depending on pair) after we have cleared the +5 lock-in mark, which is price at +10 or more. If you have the experience - and it seems you have a bit more than the average - then running watch-lists on multiple pairs is the way to go.

Most of my days are made up of +1s and +5s, with maybe one or two +10s, maybe +20 etc. Lowest day was about +5 pips if memory serves me without going to check and highest was (Friday) +227 pips. I can certainly live with that.
  • #4,989
  • Aug 15, 2016 2:44am Aug 15, 2016 2:44am
Quoting lemercenaire
{quote} Oh FGS - I don't know anything anymore!!!!!!! lol!!! BASICALLY...I won't trade breakouts of Today's H1 High.. If it's Yesterday's High, I'll trade it with caution, all relative to Today's H1 High. That's gotta' be right now!
LOL

A breakout of YDH is also a new TDH (TDH > YDH -> market structure up)
A new TDH doesn't have to be a new YDH (TDH < YDH -> market structure down)
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,990
  • Aug 15, 2016 2:44am Aug 15, 2016 2:44am
Quoting GibbonsFx
{quote} Awesome story - thanks for sharing! Reminds me of this video.. although you had much more on the line.. https://www.youtube.com/watch?v=S9KE2R92pSg
Yep, that pretty much sums up sport-climbing...work it..work it...have some tea...work it some more. Great video - I could never skateboard. My coach once went apoplectic when I told him I fancied snowboarding over the winter ...​''Protect the knees, you fool, the knees - you can't kick without the knees!!!''
  • #4,991
  • Aug 15, 2016 2:46am Aug 15, 2016 2:46am
Quoting PippyTheGrt
{quote} LOL A breakout of YDH is also a new TDH (TDH > YDH -> market structure up) A new TDH doesn't have to be a new YDH (TDH < YDH -> market structure down)
Yeah, that!!!
  • #4,992
  • Aug 15, 2016 2:51am Aug 15, 2016 2:51am
Quick +10 on Gbp/Usd. Exited way to early
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  • #4,993
  • Aug 15, 2016 2:57am Aug 15, 2016 2:57am
Quoting USCGamecocks
Hey TooSlow, Just wanted to say thanks for your method. I've been out of trading for awhile now but I have been following this thread all summer long. I hope to get back in the trading game soon and plan in using, learning, practicing this method and see how it goes. Thanks to MichaelG, PippyTheGrt, Lemercenaire and others to who help!
Welcome back to the fold, brother! You could do a heck of a lot worse than basing your comeback around this method. It embraces all kinds and makes them its own, lol (I am even willing to forgive the fact that you are a Gamecock, so it shows how open-minded we all are ​)...

Oh and Go The U!
  • #4,994
  • Aug 15, 2016 3:01am Aug 15, 2016 3:01am
Quoting MichaelG
Hi All, I just wanted to have a look at the Breakout rule as there appears to have been some confusion with this rule. I am just going to look at the breakout rule in relation to "Todays High/Low" as I have covered the breakout rules about "Yesterdays High/Low" previously, but the concept is the same. That is, Trade any reversal from a breakout with caution. This first chart looks at the situation as it was a few days ago on the EURUSD M5. As you know, it doesn't matter which time frame you are looking at....TODAYS HIGH and TODAYS HIGHEST H1 OPEN...
Thanks for the reminder round-up. This all comes from me, I'm afraid - and basically my ignoring a breakout of a 'Yesterday's High' on a GBPJPY trade and my sudden realisation that I had only been paying attention to any Today Highs, with YH relegated to a mild 'watch in case it's relevant' position.
  • #4,995
  • Aug 15, 2016 3:05am Aug 15, 2016 3:05am
Quoting trapforex
{quote} I do not know. Can we get little help?
High TrapForex. First thing to do is read Post #1 and keep on reading.
  • #4,996
  • Aug 15, 2016 3:07am Aug 15, 2016 3:07am
Quoting PippyTheGrt
New toy from Another Galaxy: {image}
Oh man - that hurts my eyes...
  • #4,997
  • Aug 15, 2016 3:11am Aug 15, 2016 3:11am
Quoting maniac
Hidden
''I couldn’t beat the human nature (greed and fear).''

...but he'll sure play on it:

''I’ll share it with only one person ''...

Ooooo...I better get this before anyone else gets to The Grail before me...
  • #4,998
  • Aug 15, 2016 3:11am Aug 15, 2016 3:11am
Quoting Cbm
Quick +10 on Gbp/Usd. Exited way to early {image}

Trades back to daily open many times.

Also an example of rule #1 that is
It takes courage to grow up and become who you really are - E.E. Cummings
  • #4,999
  • Aug 15, 2016 3:15am Aug 15, 2016 3:15am
Quoting lemercenaire
{quote} ''I couldnt beat the human nature (greed and fear).'' ...but he'll sure play on it: ''Ill share it with only one person ''... Ooooo...I better get this before anyone else gets to The Grail before me...
Reminds me of something..

Inserted Video
It takes courage to grow up and become who you really are - E.E. Cummings
  • #5,000
  • Aug 15, 2016 3:15am Aug 15, 2016 3:15am
Quoting PippyTheGrt
{quote} LOL A breakout of YDH is also a new TDH (TDH > YDH -> market structure up) A new TDH doesn't have to be a new YDH (TDH < YDH -> market structure down)
Yeah - what he said!!!
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