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Highest Open / Lowest Open Trade

  • #8,941
  • Nov 22, 2016 10:28am Nov 22, 2016 10:28am
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  • #8,942
  • Nov 22, 2016 10:31am Nov 22, 2016 10:31am
Hi TS& guys, I'm finding the version with alarm supported to when the price goes to the extreme area. Could you please share it? Many thanks!
  • #8,943
  • Nov 22, 2016 10:35am Nov 22, 2016 10:35am
I love your comment "avoid Freight trains". I have been hit by a few of these freight trains, and I have been trying to find a way to characterize them so that I can avoid them objectively. HEre is basicaly the idea I am investigating:

For a HOLO SELL:
IF current or previous 1H bar is a BULL and more than X% of the HOLO range then we have a freight train.

I am performing some testing with X=70% ie avoid taking HOLO positions in this case.

Question: ARe there any other/better ways to avoid these freight trains?
  • #8,944
  • Nov 22, 2016 10:44am Nov 22, 2016 10:44am
Quoting bkproteus
Hi TS& guys, I'm finding the version with alarm supported to when the price goes to the extreme area. Could you please share it? Many thanks!
What are you asking??
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,945
  • Nov 22, 2016 10:50am Nov 22, 2016 10:50am
Before I tried one of your smHilo Open line Indicator or template which sends alert when the price of each pair goes between Highest and Highest H1 open/ Lowest Day and Lowest H1 open. Now I cannot find that in your newest version. Pls help. Sorry if I miss smth here on the thread.
  • #8,946
  • Nov 22, 2016 10:54am Nov 22, 2016 10:54am
EURCAD banked BE+5. Continue moving ..
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  • #8,947
  • Nov 22, 2016 11:02am Nov 22, 2016 11:02am
EURGBP Heads-Up...

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  • #8,948
  • Nov 22, 2016 11:04am Nov 22, 2016 11:04am
Quoting bkproteus
Before I tried one of your smHilo Open line Indicator or template which sends alert when the price of each pair goes between Highest and Highest H1 open/ Lowest Day and Lowest H1 open. Now I cannot find that in your newest version. Pls help. Sorry if I miss smth here on the thread.
Clip on the attachment icon (paperclip).
All uploads are there.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,949
  • Nov 22, 2016 11:10am Nov 22, 2016 11:10am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,950
  • Nov 22, 2016 11:14am Nov 22, 2016 11:14am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,951
  • Nov 22, 2016 12:14pm Nov 22, 2016 12:14pm
EURGBP Second attempt!

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  • #8,952
  • Nov 22, 2016 12:19pm Nov 22, 2016 12:19pm
Hello

I take the 10 trades challenge on EURJPY, can't post earlier ..will post the final result.
No more Fight, the victory has come...
  • #8,953
  • Nov 22, 2016 12:55pm Nov 22, 2016 12:55pm
Quoting shev72
I love your comment "avoid Freight trains". I have been hit by a few of these freight trains, and I have been trying to find a way to characterize them so that I can avoid them objectively. HEre is basicaly the idea I am investigating: For a HOLO SELL: IF current or previous 1H bar is a BULL and more than X% of the HOLO range then we have a freight train. I am performing some testing with X=70% ie avoid taking HOLO positions in this case. Question: ARe there any other/better ways to avoid these freight trains?
Hi shev72. If the bar we're looking at is 70% of the HOLO range, is it not likely that we will be looking at a BreakOut bar anyway?

Also, for me, this is counter-intuitive in a lot of cases, as quite often these kind of LRB are actually perfect as 1-2-3 trades, as what goes up, etc. The stops are tight enough that it is worth taking the chance on a couple of false starts to catch the big move when it finally comes.
  • #8,954
  • Nov 22, 2016 1:00pm Nov 22, 2016 1:00pm
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

I am sure this has been asked but how do I get the template to work? Which is the latest, I download the too slow bank template.

Also does any one else have a skull and bones on teh bottom right screen? Does that mean I did something wrong? Looking forward to try this method as I have some ideas on hwo I can trade this.
  • #8,955
  • Nov 22, 2016 1:05pm Nov 22, 2016 1:05pm
[quote=TrueStoryfx;9277346]I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION I am sure this has been asked but how do I get the template to work? Which is the latest, I download the too slow bank template. Also does any one else have a skull and bones on teh bottom right screen? Does that mean I did something wrong? Looking forward to try this method as I have some ideas on hwo I can trade this.[/quote
I use an earlier template for simplicity, so someone else can answer that part of your question for you - as for the skull-and-crossbones, ignore that, it is of no concern.
  • #8,956
  • Nov 22, 2016 1:13pm Nov 22, 2016 1:13pm
i dont have scull and bones...not sure if i removed or wasnt even there, anyway, that is completely not part of the system even a wee bit, so, just move on from that.
any templete would do from the paperclip, guess if want to go with the preferred 1 pair for start, you would not even need the template with the buttons really.
again, not really important part of the system.
what you need is:
smHiLoOpenLines_v1.2 indicator. placed in the indicator folder of your MT4, and you are good to go, really.
plus a few read of the samples of post#1 maybe?

ah, and
PS: dont use this highlights, bad for the eyes.
there is always, always another trade!!
  • #8,957
  • Nov 22, 2016 1:22pm Nov 22, 2016 1:22pm
Quoting profitfarmer
i dont have scull and bones...not sure if i removed or wasnt even there, anyway, that is completely not part of the system even a wee bit, so, just move on from that. any templete would do from the paperclip, guess if want to go with the preferred 1 pair for start, you would not even need the template with the buttons really. again, not really important part of the system. what you need is: smHiLoOpenLines_v1.2 indicator. placed in the indicator folder of your MT4, and you are good to go, really. plus a few read of the samples of post#1 maybe? ah,...
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  • #8,958
  • Edited 1:42pm Nov 22, 2016 1:26pm | Edited 1:42pm
WOW I really feel like I am part of a thread from my first post!! Sorry about highlight didnt know how to get rid of it.

Okay so the buttons don't work in the template and not a biggie, got it!! Skull and bones done matter got it. (tell that to George Bush)

lemercenaire if you have a simpler template can you tell me which one, just want to preview it, If not I have one that I just built. Anyone trading this live? Thank you again!!!
  • #8,959
  • Nov 22, 2016 1:36pm Nov 22, 2016 1:36pm
EURGBP THIS time?!!! Lol...

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  • #8,960
  • Nov 22, 2016 1:41pm Nov 22, 2016 1:41pm
Quoting TrueStoryfx
WOW I really feel like I am part of a thread from my first post!! Okay so the buttons don't work in the template and not a biggie, got it!! Skull and bones done matter got it. (tell that to George Bush) lemercenaire if you have a simpler template can you tell me which one, just want to preview it, If not I have one that I just built. Anyone trading this live? Thank you again!!!
I'm pretty sure it's smHiLoOpenLines_v1.2 with some of my own customising.

Pretty much everyone who is contributing to the thread at the moment is trading HOLO live!
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