" Keep walking and you will get there "
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
The System Behind the System, by Merlin Jeffries 16 replies
200 Ema system - help me build a system ! 19 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedJust wanted to make sure i was understanding you correctly im interested in Renko and also think its got some hope too thanks Frv for sharing your ideaIgnored
DislikedHmm .. i swore i saw 15 pips renko blocks from first post .. now its 7 pips ? .. it was 25 way in the beginning right ? .. so 7 is the latest change now ?
Alright then , gonna test with this latest setup . Looking forward to making pips ! .. Cheers !Ignored
DislikedHi nitrate....yes....I changed, so now we have a better entry .... and with the new money management, we have a more sharp strategy...please tell me how you doing....Ignored
DislikedFRV, since people are confused as to which brick size you are using, can you clarify? Are you using 15 now?
Also, what is your new money management?
Thank you.Ignored
DislikedHey Dreamliner, good to know that you are here ..... I did two updates, and already apologized to members who had already read, but was for good.... the size of the bricks are 7 pips .... I still eliminating the noise, but have a sharp entry.
Money management is 1:3 .... SL is 20 pips and TP of 60 ...these numbers better apply on the bricks of 7 pips. I use leverage 1:200... because the key of the strategy is to use the same capital that result from the previous trade, winning or losing (compounding)... when you win, win 1, when you lose, lose...Ignored
Dislikedhi, thanks for the strategy.... do you take the trades in any particular session or you monitor the trade 24hours? also do you take the trade only with trendline breakouts or also on moving average crossovers....
I think it would be good if you post some of yours trade charts so we can understand the entry points....Ignored
DislikedHello all,
Just stumbled upon this thread. It looks very interesting. Not much chatter the last couple of days.
I had a question on time frames. FRV...are you using all TFs?Ignored
DislikedThe Renko bars don't have a time frame. You create the offline chart as a 2m chart, but I think that's arbitrary, it can be anything that doesn't already exist in MT4 (3m, 4m, 6m, etc).
The bars are only formed when price moves a certain number pips in either direction. It can take 5 seconds or 5 hours to make a new bar.Ignored
DislikedOkay... I think I get that... you're saying it doesn't matter on TF cuz we're just following pip movement in blocks of 7...hmmmm
but when I change the TF on the M1 it changes the M2 as well. So which is the best one to look at.Ignored
DislikedOkay here's a couple of questions on the attached G/U.
First off would this have been a valid trade setup. Trendline broken, 4 mas coming together, etc.
If yes then we enter short. Now is general we have a 20 pip s/l with a 60 pip t/p. So if the trade goes up 35 pips or so like it did here and then retraces, so we just stay in till either s/l or t/p is hit or are there any other exit times?
ThanksIgnored