[Geko]

This idea comes from Forex Factory and was introduced by TooSlow as Highest Open / Lowest Open Trade.

Here the link:
Highest Open / Lowest Open Trade

Best explanation of the system is in post # 2714 by MichaelG:
Link

HOLO stands for Highest Open / Lowest Open. It is a scalping reversal kind of trade. I thought it would be good to have this concept in the arsenal also.

I have summarized TooSlow’s main explanation and MichaelG ones in the attached PDF.

Here is a screenshot of HOLO with Blast:

HOLO.png

Let see if this strategy is profitable on a regular basis.

[ScarletPip]

I once suggested to TS that this idea was suitable for an EA and could be basket traded, and he was very offended. I still think it's a good idea, and the rules are simple enough for even a middling coder like me to produce the EA.

[Geko]

I do agree that rules are simple enough to build an EA (I think a guy Swingman built something). For basket trading it is another thing as there are not so many signals when we respect all rules.

Let’s keep the EA idea for later, for the moment we have the new dashboard which can help us to find setups. As explained in the Welcome to GiG thread we are at Stage 2 for the moment. Before to take the EA direction in GiG I think it make sense to have a solid foundation with a few successful consistent strategies which give us a statistical edge.

Don’t get me wrong, EAs are welcome at GiG, but so many people (I use the term people and not traders on purpose) think that EA are just set and forget tools! And at the end they got burned

I will try to update the welcome to GiG thread in the week-end with my ideas on next steps.

[Geko]

What is Yadix ?

[Wapen]

Hi All,

I have traded the system just over 2 weeks and it is raking in the pips! (At this stage I'm closing my trades to soon +20pips and it can be more if I let it go).

Its very easy to follow, no complicated indicators ex! Clean chart!

Will see how it continue!

Nice forum!

Thanks
Wapen

[Wapen]

Hi Geko,

Thanks for "GIG Blast" What a excelint trading tool! Buzy testing it and works very good!

Related to HOLO.
Can you wright a indicator (Control Box) that will show all the selected Symbol in "Market watch" . With this the candle that have made the Current Day High / Low as per the attached (just one symbol used, inserted as text to exsplain)!
This will give us the opportunity to look at one chart and have a indication what pairs are worth looking at!

Thanks
Wapen