High-Low Special is an improved version of the High-Low Halo trading strategy. The high-Low halo strategy only used the high low indicator while the High-Low Special strategy uses one additional indicator called the RSI which significantly filters false signals and makes the High-Low Special more profitable and reliable.

It is a short term trading strategy that follows the highs and lows of the market. It is optimized to trade EURUSD

on the 5-min and 15-min timeframes.


It is optimized to trade EURUSD currency pair and is best suited for trading on the M5 and M15 timeframes since it is a short term trading strategy.

It uses a combination of three technical indicators; the High Low 10 period M15, the Rsi H1 - 6 Period and the High Low 7 period M15 Ex.

Indicator Description

The high low indicator is a very flexible technical indicator that helps in identifying the highs and the lows of trading chart. The highs and lows that the indicator shows depends on the period (number of bars) set and the chosen time frame.

The High-Low Special robot uses two high low indicators with different periods but the same time frame of M15 (15 minutes). One of the high low indicators uses a period of 10 (meaning it counts 10 bars/candlestick to give a high or a low) while the other high low indicator uses a period of 7 (meaning it counts 7 bars/candlesticks to give a high or a low). 

On the other hand, the Relative Strength Index (RSI) is a momentum indicator and it indicates the strength of the current trend while also determining whether there is an overbought or an oversold condition. By default, the overbought condition is when the indicator goes above 70, while the oversold is when the indicator goes below 30. These levels can be altered according to the desire of the trader or EA developer.

For instance, in this High-Low Special strategy, the overbought condition is set to be at 70 while the oversold condition is set to be at 36. The strategy works on the principle that whenever there is an overbought or an oversold condition, the market tends to reverse or pull back accordingly.

A strategy like High-Low Special is most likely to be successful when the market is in a strong bullish or bearish trend. Otherwise, if the market is in consolidation, the strategy is not expected to be profitable.

Strategy Description

By using the three indicators discussed above, the High-Low Special trading strategy automatically analyses the market for the right entry points of both sell and buy orders and place the orders if any trading opportunity is identified. The strategy then goes ahead to track the trades until the optimal conditions for closing them are met.

Risk Management

The High-Low Special strategy goe ahead and incorporates some risk management strategies to protect the trader from any eventualities.To start with, by default the strategy uses a lot size of 0.01, which is quite safe. Trades opened with this lot size are easily manageable even if the markets tend to misbehave.

Then, all trades are opened with a default stop loss at 60 pips. The take profit, which is at 55 pips, is normally deactivated by default; however, the trader could opt to activate it if he/she so desires. Also, the maximum minutes that a buy order can stay open is limited to 490 while for a sell order it is 520.The maximum percentage of the equity that can be exposed at any given time is set at 20%.

Profitable tick-based backtest

The tick-based backtesting results of the High-Low Special shows that after about 1200 trades the strategy would make 50% profit.