StockFetcher Forums · Filter Exchange · HOLO - HIGHEST OPEN / LOWEST OPEN<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,358 posts
msg #130617
Ignore TheRumpledOne
modified
8/26/2016 9:26:44 PM

Fetcher[
/* Run Forest, Run */

close above 100
avg volume(90) above 1000000

set{HO, open 5 day high}
set{LO, open 5 day low}

draw HO on plot close
draw LO on plot close

]



It has been a while since I have posted any new filters. I have been trading FOREX I am curious if my HOLO method is applicable to the longer time frames used by stock traders.

Let's see if I can dust off my old SF coding skills. Wonder if there is anything new I need to know.

Avery aka TheRumpledOne aka TRO

P.S. have you viewed the trading videos I posted on YouTube?


TheRumpledOne
6,358 posts
msg #130619
Ignore TheRumpledOne
modified
8/26/2016 9:37:30 PM

For daytraders:

==================================
HIGHEST OPEN / LOWEST OPEN TRADE
==================================

Place a line at the highest M30 open and lowest M30 open for the current day.
If a bar makes a new highest M30 open, move the highest line up to the new highest open.
If a bar makes a new lowest M30 open, move the lowest line down to the new lowest open.

Sell short at the highest M30 open after price goes up through it and comes back down.
Buy at the lowest M30 open after price goes down through it and comes back up.

Stop loss is the current daily high or current daily low plus a few cents.
Adjust your position size accordingly.
Take profit by moving stop.
When trade is +5 or more, move stop to BE+1.
When trade is +10 or more, move to to BE+5, or switch to trailing stop.

Optional exit is to exit part of trade position with a profit to bank it, move stop to BE+1 and watch the market.

NOTE: Do not wait for the bar to close to enter a trade.

You can do this manually or code an indicator to plot the highest/lowest M30 opens for the day.

I have a few YouTube videos explaining HOLO for Forex:



StefanM
25 posts
msg #130622
Ignore StefanM
8/27/2016 10:30:13 AM

Yes I looked at some of your videos ;-) .....

dwiggains
370 posts
msg #130623
Ignore dwiggains
8/27/2016 12:18:59 PM

Welcome back

pthomas215
451 posts
msg #130626
Ignore pthomas215
8/27/2016 2:31:08 PM

Rumpled, can you please explain what the HOLO forrest gump filter searches for? or how you use it in forex?

graftonian
220 posts
msg #130646
Ignore graftonian
8/29/2016 11:48:52 AM

TRO, With this system, on the long side. If a candle opens at a new low, goes red, then reverses to green, would this be a buy signal? Also, what is the meaning of the terms "BE+1" and "BE+5"?
Good to see you back in this sand-box.

Kevin_in_GA
3,976 posts
msg #130648
Ignore Kevin_in_GA
8/29/2016 12:34:36 PM

BE = Breakeven

More importantly, what are the historical trading stats for this approach (either in Forex or with Stocks)? Win %, typical gain/loss per trade, typical holding time, etc.?

ThaGekko
139 posts
msg #130654
Ignore ThaGekko
8/29/2016 1:37:18 PM

TRO - are you still milking those cows?

shillllihs
2,506 posts
msg #130656
Ignore shillllihs
8/29/2016 1:56:15 PM

I told myself I would control my urges but,

To the newbies, you will find Tro's systems very interesting at first, do to
exciting catch phrases and fluff, but you will quickly become disenfranchised
with the complexity & even more dismayed by the lack of payoff.
All sizzle no steak...


Watch his YouTube videos,
This man lives in a shanty in Oregon, who borrows DVDs from the library
and buys second hand items. You have been warned...

But other than that, welcome back?

johnpaulca
10,299 posts
msg #130658
Ignore johnpaulca
8/29/2016 2:19:11 PM

@ Shill.....get lost dickweed!!!

StockFetcher Forums · Filter Exchange · HOLO - HIGHEST OPEN / LOWEST OPEN<< 1 2 3 >>Post Follow-up

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