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Highest Open / Lowest Open Trade

  • #8,621
  • Nov 3, 2016 11:13am Nov 3, 2016 11:13am
Larry's Morning Commentary FOMC

http://tradingadvantagedaily.com/lar...entary-fomc-5/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,622
  • Nov 3, 2016 11:15am Nov 3, 2016 11:15am
Quoting profitfarmer
{quote} partly disagree. it is not all black and white. your request was to concentrate in HOLO in 1 pair. even after the 10 trade challenge was done, still was banned to focus on 1 pair. fine. but if whole day there wont be a valid trade, and the alternative to bend HOLO... my scalping has nothing to do with HOLO. neither from a FF system, my thing. not attention intense usually. nothing that can hinder me much to have a look on 1 HOLO chart once in every 5 min or so. it isnt like i am picking up every day a different system from the forum to toy...
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,623
  • Nov 3, 2016 11:17am Nov 3, 2016 11:17am
Quoting profitfarmer
{quote} partly disagree. it is not all black and white. your request was to concentrate in HOLO in 1 pair. even after the 10 trade challenge was done, still was banned to focus on 1 pair. fine. but if whole day there wont be a valid trade, and the alternative to bend HOLO... my scalping has nothing to do with HOLO. neither from a FF system, my thing. not attention intense usually. nothing that can hinder me much to have a look on 1 HOLO chart once in every 5 min or so. it isnt like i am picking up every day a different system from the forum to toy...
Boredom > profit loss any day of my week.
  • #8,624
  • Nov 3, 2016 11:19am Nov 3, 2016 11:19am
Quoting TooSlow
Larry's Morning Commentary FOMC http://tradingadvantagedaily.com/lar...entary-fomc-5/
That went right over my head.
  • #8,625
  • Nov 3, 2016 11:21am Nov 3, 2016 11:21am
5 Smart Ways to Master Your Mindset

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,626
  • Nov 3, 2016 11:25am Nov 3, 2016 11:25am
Quoting wannalearn12
{quote} Boredom > profit loss any day of my week.
i didnt say i lost profit.
boredom was referring for today's futile effort to watch UCAD HOLO chart "to master trading on 1 pair first"
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there is always, always another trade!!
  • #8,627
  • Nov 3, 2016 12:18pm Nov 3, 2016 12:18pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,628
  • Nov 3, 2016 12:21pm Nov 3, 2016 12:21pm
Quoting profitfarmer
{quote} i didnt say i lost profit. boredom was referring for today's futile effort to watch UCAD HOLO chart "to master trading on 1 pair first" {image}
The effort was not futile.
Waiting all day for the setup and not taking a trade because there was no setup is a perfect trading day.
No mistakes were made.


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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,629
  • Nov 3, 2016 12:22pm Nov 3, 2016 12:22pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,630
  • Nov 3, 2016 1:13pm Nov 3, 2016 1:13pm
trade closed when BE+5 =+7...
was thinking partial close, but due end of trading day ( for me at least) opted to open with min. lot size ( 0.01) that doesn't leave room for partial close. so, bagged what i could.
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there is always, always another trade!!
  • #8,631
  • Nov 3, 2016 2:14pm Nov 3, 2016 2:14pm
Quoting profitfarmer
trade closed when BE+5 =+7... was thinking partial close, but due end of trading day ( for me at least) opted to open with min. lot size ( 0.01) that doesn't leave room for partial close. so, bagged what i could. {image}
Well done!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,632
  • Nov 3, 2016 4:54pm Nov 3, 2016 4:54pm
CHFJPY It's late, UK time and I don't know how much movement we're likely to get out of this but here it is anyway, for those so inclined...

H1
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M15
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  • #8,633
  • Nov 3, 2016 7:43pm Nov 3, 2016 7:43pm
EUR/USD: Trading the US Nonfarm Employment Change

https://www.forexcrunch.com/eurusd-t...ent-change-17/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,634
  • Nov 3, 2016 9:12pm Nov 3, 2016 9:12pm
I was thinking about creating an EA to test the viability of this system. Does this accurately describe the criteria that would need to be met to test it?

Configurable option inputs in green.

Chart: Any
Timeframe: H1

Entry:

  1. Start NY session opening at 8am NY time.
  2. Get the H1 highest opening level and the lowest opening level from the prior trading activity of the same day.
  3. Place virtual (to hide price from criminal brokers) limit orders at these levels. A sell limit order at the high, and a buy limit order at the low.
  4. Enter N orders upon triggering one of these levels. These will be sell orders at the high of the day, and buy orders at the low of the day.
  5. Stop loss: Set this at the daily high + V pips or the daily low - V pips.


Exit:

  1. Close W of the orders after X positive pips.
  2. Exit all positions after Y positive pips, OR Z dollar amount.
  3. Exit at the stop loss condition.


Re-entry:

  1. Use the new H1 high or low to enter according to entry conditions.

  • #8,635
  • Nov 3, 2016 9:57pm Nov 3, 2016 9:57pm
Quoting clemmo17
I was thinking about creating an EA to test the viability of this system. Does this accurately describe the criteria that would need to be met to test it? Configurable option inputs in green. Chart: Any Timeframe: H1 Entry: Start NY session opening at 8am NY time. Get the H1 highest opening level and the lowest opening level from the prior trading activity of the same day. Place virtual (to hide price from criminal brokers) limit orders at these levels. A sell limit order at the high, and a buy limit order at the low. Enter N orders upon triggering...
It is obvious you have not read POST #1.
After you have read it, then you can ask questions.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,636
  • Nov 3, 2016 10:45pm Nov 3, 2016 10:45pm
I read it several times. The first page several times. How else do you think I came up with the criteria? Where does my summary deviate from your strategy?

I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
  • #8,637
  • Nov 3, 2016 10:51pm Nov 3, 2016 10:51pm
Quoting clemmo17
I read it several times. The first page several times. How else do you think I came up with the criteria? Where does my summary deviate from your strategy? I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
Now read the rest of the thread.
You are not the first member of the EA BRIGADE to arrive on these shores.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,638
  • Nov 3, 2016 10:56pm Nov 3, 2016 10:56pm
Quoting clemmo17
I was thinking about creating an EA to test the viability of this system.
After 400+ pages, you think the viability of this system needs to be tested?
And to be tested by you?
Do you think we need your blessing?
EXTREME HUBRIS!

If you really are seriously interested in this system then take the 10 TRADE 0.01 LOT CHALLENGE.
Otherwise, do not waste our time.

I will apologize if this post rubs you the wrong way, clemmo17.
No offense intended.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,639
  • Nov 3, 2016 11:25pm Nov 3, 2016 11:25pm
None taken. I didn't mean to imply that your system was unsound. The testing I referred to was to see if an EA can replicate your results, and possibly, improve on them. After all, unless the system requires human judgment, a robot can trade 10-12 pairs simultaneously and never be late entering and exiting. In any case I will do my best and if I have anything interesting to offer I will report back. Until then, thanks for the idea(s) and best of luck.
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  • #8,640
  • Nov 4, 2016 1:51am Nov 4, 2016 1:51am
This may be of interest. I've configured a version of this trading plan as two trading rules in my custom EA (as some final testing before release). I wanted to backtest this strategy on EURUSD since Jan 2016. The bottom line is the plan (my version at least) was profitable with about a 10% draw down. However my rules differ from the original posting.
 
I used 1 hour periods for testing. I also included an automatic stop loss and take profit calculations based on ATR14 with trailing stops. Automatic lot sizing was based on risk% parameters.
 
Buying Trigger:

  1. (Two periods ago) Market Price reached lowest of the previous 24 hours.
  2. In the previous and current periods the price is going higher (bull candles)

The selling trigger is the opposite. I have included the report from MT4.
 
I used a 10,000 demo account for backtesting. Thanks Alex

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