Trying to make an EA for HOLO Strategy on XAUUSD
Fred87K:
Do you have any other ideas?
Do you have any other ideas?
The following indicator can be used in 2 ways. You can use it in the ranging way as described in the CodeBase:
Ryan L Johnson, 2025.11.08 14:29
A volatility filter based on 3 ATR's: a fast ATR, a middle ATR, and a slow ATR
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Hi!
To be honest, I am a beginner trader and a complete novice when it comes to coding. But I like new challenges and I'm curious to discover new things.
With the help of Gemini and Claude AI, I am trying to develop a trading robot that uses the HOLO strategy (“High Open, Low Open”).
This is a mean-reversion strategy ( return to the average ? Sorry for traduction ), so it only works in ranging markets. Trends must be avoided.
For a buy:
We define a zone of interest between the low of the day and the upper level of the open of the last 1-hour candle. When the price opens a candle (1M, 5M, 15M, or 30M, depending on what we choose) inside this zone and then breaks above the upper boundary, we open a buy trade.
For a sell:
The zone of interest is defined between the high of the day and the lower level of the open of the highest recent 1-hour candle. When the price opens a candle inside this zone and then exits the zone to the downside, we open a sell trade.
A picture is worth a thousand words.
Naturally, the area of interest evolves throughout the day, when the day's high/low is exceeded, and when a 1H candle opens higher, lower.
I will now explain what I am trying to do, and I would like advice on what is not working, because at the moment the robot is not profitable. I would like to know whether this comes from the strategy itself or from my lack of skill (I am a beginner).
From midnight, we define the day’s high and low, then we wait for the opening of the first 1-hour candle to define the initial zones.
Here is an example on TradingView, with the HOLO indicator:
Red arrows shows BUY/SELL. This is the ideal situation we are looking for.
The robot places a buy/sell order as soon as the tick touches the boundary.
The stop loss can be placed in different position: either at the top/bottom of the zone, at the high/low of the candle, or at 50% of the zone. This needs to be backtested to determine what works best.
The take profit is adjustable, but a 2:1(2× SL) gives better results.
Break-even is set at 1R.
Trailing stop: optional, mainly for backtesting, but it gives worse results when enabled.
Add a trend detector, a filter that prevents trading in order to avoid consecutive stop losses. To avoid this type of situation:
Here is a second example of what we do NOT want;
The market is trending, and we get a series of stop losses.
So my main question is: What is the best solution to avoid this type of situation?
My idea would be to add a filter that detects when the market is trending and forbids trading. Obviously, but there is many different indicator and i don't know all of them. I'm trying with ADX, and soon i will try with a Bollinger.
Do you have any other ideas?