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HoLo (Highest Open Lowest Open) Method
Overview
HoLo stands for "Highest Open Lowest Open" – a forex trading strategy.
Core Concept
Definition of HoLo:
Strategy Setup
Step 1: Mark Key Levels
Step 2: Define the Area of Interest
Trade Entry Rules
Sell Trade:
Buy Trade:
Trigger Timeframe:
Choose M1, M5, or M15 based on:
Risk and Profit Management
Stop Loss:
Take Profit (TP) Basic Rule:
You should open 2 positions:
Money Management:
Prioritize major pairs.
The Indicator
How to read data

For Day Traders
Monitor the sell zone (red area) for potential short entries near resistance
Watch the buy zone (blue area) for potential long entries near support
Use cross signals for entry/exit points
Pay attention to timing markers for key market hours
Alert
Overview
HoLo stands for "Highest Open Lowest Open" – a forex trading strategy.
Core Concept
Definition of HoLo:
- Highest Open (HO): The highest opening price among all H1 candles of the current trading day
- Lowest Open (LO): The lowest opening price among all H1 candles of the current trading day
- Trading Day: Starts at Asia Open Session
Strategy Setup
Step 1: Mark Key Levels
- Current day's High/Low
- Highest Open and Lowest Open (from H1 candles)
Step 2: Define the Area of Interest
- Sell Zone: Between the Highest Open and the current day's High
- Buy Zone: Between the Lowest Open and the current day's Low
Trade Entry Rules
Sell Trade:
- Price goes above the Highest Open
- Trigger candle (M5, M15, or M30) closes above the Highest Open
- Enter a sell when price revisits the Highest Open level (Sell Stop Order)
Buy Trade:
- Price drops below the Lowest Open
- Trigger candle closes below the Lowest Open
- Enter a buy when price revisits the Lowest Open level (Buy Stop Order)
Trigger Timeframe:
Choose M1, M5, or M15 based on:
- Your screen time availability
- Personal trading style
Risk and Profit Management
Stop Loss:
- For sell: Set SL at the day’s High + spread
- For buy: Set SL at the day’s Low + spread
Take Profit (TP) Basic Rule:
You should open 2 positions:
- When profit reaches 1R: Take partial profit + move SL to BE (Break Even)
- Let the remaining position run using partial TP or trailing stop
Money Management:
- Never risk more than 1% per trade
- Recommended: 0.5% risk due to multiple opportunities daily
Prioritize major pairs.
The Indicator
How to read data
For Day Traders
Monitor the sell zone (red area) for potential short entries near resistance
Watch the buy zone (blue area) for potential long entries near support
Use cross signals for entry/exit points
Pay attention to timing markers for key market hours
Alert
- HO (Highest Open) level changes
- LO (Lowest Close) level changes
- Price crossing key levels
- Timing notifications
Nota Keluaran
- Combine HO/LO changed alerts.
Nota Keluaran
- Change algorithm to detect the new day/hour.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Day trader with RSI.
RSI 101 at rsi-101.gitbook.io/book
Telegram: t.me/daorsichat
RSI 101 at rsi-101.gitbook.io/book
Telegram: t.me/daorsichat
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Day trader with RSI.
RSI 101 at rsi-101.gitbook.io/book
Telegram: t.me/daorsichat
RSI 101 at rsi-101.gitbook.io/book
Telegram: t.me/daorsichat
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.