The renko box size is 10 regular pips. I already have a script for backtesting using tick data, but I still need to workout a few details and put together a manual for this. The script will be provided free for all users of my renko bar plug-in.

One of the users here asked me to post backtesting vs. live resluts for my renko plug-in. For this purpose I've done a weekly forward test on a small live account using my renko EA and I've also run a backtest on the weeks data to compare the ...

A simple way for bactesting renko charts — There is a simpler way of backtesting renko charts on Metatrader 4 which is also compatible with various trading simulators for this platform. No need for copying or renaming of any files - the ...

I've run into the same problem myself. This is not an easy task since the chart window constantly rescales to fit the highest and lowest point of the visible chart segment. This way even if we know the pixel resolution of the window and the pip size ...

Check out the range bar plugin for metatrader 4 on the forex-tsd forum.

I couldn't agree with you more It would be great if traders who are willing to post their trades would try to explain why a certain setup has been traded or avoided.

Actually I have written an EA for this strategy, but it does not perform well. I've followed the trading results from Glen and Indrek and compared them against the EA results and they are no where near these achieved by Glen and Indrek. The EA ...

Which pivot indicator are you using? I have the ###AutoPivot on and the weekly pivot is avove the R1 and not R2 like on your chart.

Nice trading, but I don't get it. You are obviously trading a different system than your chart indicators show. The entries are out of sync with the indicators. Unless your trading 30-5, but with a twist.

This signal was not taken, because it has been within 10 pips from pivots (daily monthly and weekly) and xATR was red (the EA is sticking to the system's rules). In retrospect I would have taken that signal too.

MTF Trix EA — I started to code an EA for the 60-15-5. It is far from done yet, but I have entry signals already running. Today was a sideways market for most currency pairs. The only one that gave me valid signals was USDJPY all the others ...

Since I'm new to the system, I have a quick question. There was a good setup on USDYPY if it wasn't for the pivot s/r levels and for the fact that it is outside of trading hours. Lets pretend that the setup occurred within trading hours. image ...

What I do is just put up vertical lines on my charts 30 min before the news event and on the news event every morning. Takes about 1 min and gets my attention for sure so I know when not to trade. Simple but effective.

PIVOTS — Does everyone here pay attention to Daily, Weekly and Monthly pivots and S/R levels? You don't take trades if price is within 10 pips of these levels?

The settings are correct. Try removing the EA from the chart and placing it back. Should help.

I've also noticed that you start trading at 7 GMT. Is this correct?

What stops did you use?

Just starting out with the trix mtf system. I gave it a go on GBPUSD today and caught a nice 31 pip profit (on the daily pivot). After I took the screen I also noticed that there were 3 opportunities to lock in profit. The first one was at 6:30 (on ...

Thanks for the info.