Highest Open / Lowest Open Trade

[PIP N DIP]

Place a line at the highest H1 open and lowest H1 open for the current day.

Sell short at the highest H1 open after price goes up through it and comes back down.

Buy at the lowest H1 open after price goes down through it and comes back up.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stop loss is the current daily high or current daily low.
Adjust your position size accordingly.

Take profit by moving stop.
When trade is +5 or more, move the stop to BE+1.
When trade is +10 or more, move to BE+5, or switch to trailing stop.
Optional exit is to exit part of the 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.

[PIP N DIP]

The HIGHEST OPEN / LOWEST OPEN TRADE system is a derivation of the Trading is as simple as 1-2-3.

The entries are sometimes the exact same but this system, more often than not, gives more trading opportunities.
No claims are made for making hundreds of pips per trade.
Trend, support, resistance, etc, are ignored.
Price action reversals from the daily high/daily low are what makes this system a winner.

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