using the open H1 timeframe line

Posts: 5458 · #1 - July 03, 2021, 12:45:43 AM

Open candle H1 strategy, this strategy uses the opening of the H1 open candle as a reference for open positions on the next H1 candlestick. This strategy is suitable for scalping medium or day traders. To open a position, we wait for the next H1 candle to return to the previous H1 open candle area by looking at the candle on a smaller timeframe or it can be used for Fibonacci retracement later

Linkback: https://www.forex.zone/trading-systems/10/using-the-open-h1-timeframe-line/3431/

Posts: 365 · #2 - August 07, 2021, 01:50:38 AM

This system is based after the open market?

Posts: 365 · #3 - August 11, 2021, 02:07:04 AM

is the H1 open candle system implemented like this?

Posts: 22053 · #4 - November 30, 2025, 11:25:17 PM

I believe this strategy is suitable for intermediate scalpers and day traders because the H1 timeframe provides signals that aren't as fast as M1?M15, but aren't as slow as H4 either. This allows traders to still find more regular and measured entry opportunities without dealing with excessive noise.