DislikedHi,
Yes Dan I see a losing trade on your chart, with a winning one and a losing one (09:42) before it and another winning one after it.
E/U 10 pip Renko:
I don't know what others have come up with for this over longer term tests - Paradoxical says it has a 99% win rate.
My tests from 00:00 GMT on 1st June up to the present (using a 10pip TP and 20 pip SL) show 108 winning trades and 47 losing trades assuming trading 24hrs per day.
Ok not 99% more like 69%, but still positive pips. But then take the sread into account and it's a losing proposition:
If...Ignored
'Nitro' is designed at a TP of +5 as opposed to +10.
SL at -20 is ok and can mangae trades a bit tighter I would think.
Too much faith put into the diamonds as Swingman has mentioed his Renko work is not complete.
EU is not a Nitro pair of choice.
I have watched this pair also and tested it pretty thoroughly. Even at that, the last 24 hours or so show it at around 11-1 at designed levels on even the MT4 (ref: chart).
Regards.