Think Outside Of The Box - Trading Renko With Moving Average

Hi, first of all thank you for joining my thread, and as I am not native in English, I use google translator so words do not come easily.

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I will open basket of trades on daily basis, I will show exactly how i use Renko bars with moving average, there are so many tricks in my pockets for newbie and expert traders.

Consider this thread as journey , you can enjoy or you can simply keep crying, in both cases its your gain and pain not mine.

Always refer back to my trading explorer connected here through the Great broker FXPRO , do I have experience in trading ? Yes I do !!

Did I blew accounts ? yes I did and by millions ( joking .... only few hundreds of thousands )

Why am I doing this ? to support my friends and to spread my experience as i am old man now .

Do I make money from this strategy ? Yes I do. and a lot !

Is it difficult strategy ? No it is not. and one can use it to gain real passive and daily income from forex.

Do I need Huge equity to begin ? No you do not , but it should not be less than USD 1,500

What will be my account leverage : It does not matter, I use 500:1 but MY REAL TRADING DAILY LEVERAGE WILL NOT EXCEED 20:1 FOR ANY OPENED TRADES.

So, as everything is being setup in the first post here, I will begin... and by the way, I like to trade while using music of kitaro Matsuri viva girl ///// always
so from time to time i will post the film from you tube .

P.S. how many years I am using this strategy, well not so long, I think for the last 7 years back !!

ENJOY

https://youtu.be/l9msqbZYyKE
Matsuri Kitaro ft Viva Girl 2011 Full HD 720p

So, can we make it as a strategy in a way or another automated ? yes we can, but in a certain point, you will lose control as i did before few years back, so i decided to keep it simple as if KISS is being implemented here respectively.

as i am trading manually more than 15 trades per day , I use semi automated expert advisor to help me arranging my trades take profit and average trading points of closing or accumulating profits or simply averaging take profit points for all trades ( its my coding )

I use basket of pairs, but mainly I CONCENTRATE ON +VE SWAP PAIRS.

for now the best pair is 124% at night +ve swap is EUR/MAX

so, the strategy is simple.

I use MT4 only

use one pair with +ve swap, it will be your passive daily supportive income, open the trades in one direction only with the +ve swap .

keep a distance between each trade and the other older one by a good distance we will discuss how to calculate it later with respect to your leverage and real leverage and lots sizes for the opened basket of pairs.

hedging hog is not allowed in the +ve swap pair - please!

on the other hand, use 3 to 4 other pairs with any signal of swap, it does not matter but there is one and only one conditions, that the swap you choose should not exceed 9 points.

so what is the difference between points and pips ?
points are the ticks found on your MT4 charts and change them to pips simply divide these points by 10
so
pips = points on the chart / 10

now, be aware that each pair has its own conversion factor between the points on the chart and the value of dollors, so because of thismainly i stopped using fully automated experts for this strategy.

use renko charts

well, you can and if you do not want to do so its also ok, i will explain
if you use renko charts then the rule of 5/1 is implemented directly
if not then use 2 charts for each pair, 1 minute to close and 5 minute to open

moving averages are the ready made resistance and support guides for you, OMG, here we begin the magic.

what do I mean by this ? simply most of us are using the setup 200 down to 5 moving averages, yes it will work, but what if i told you that there is a mgical key of moving average of 2000 built in mt4 ?

did you try it before, no im sure you did not not.

just simply add to your 1 minute chart ma 2000

yes yes yes true it is the line where sky and earth are meeting.

now if you add renko what will happen ?

ok ok great now you can see the truth behind the 2000 ma, with renko . it is the horizon line where the 5 ma or 10 ma or even 200 or 100 or 50 ma's will try to reach ( not the price bars by the way and this is a common mistake some arabic scammers from my region of middle east were trying to post before few years back on you tube )

look to the following charts o understand what i mean.

I use to confirm my trading signal the money transfer index found on MT$ of period 5.

i should now go for studying some chemistry to teach a university students , she is waiting me to help her in her exams today ( by the way I ama retired chemical engineer with Master of science in chemical engineering and more than 29 years in industry ) and now i am working in a part time as teacher for chemistry for SAT AND IGCES Students too.

three pairs







i do not use ever never any stop loss

some times i use the trailing stop

Glad to see this thread. I have never traded using Renko bars, only tick charts and time charts. I am sure that you will present some new things to try.

All the best with your thread - will be following!

Glad to see you are using non-gap Renko charts!

Which Renko builder do you use?
RenkoLiveCharts_pimped_v4_13 is the one I used over the years.

Interesting ideas - thanks for sharing.

The translations don't always match with the exact name of the indicator. It is the volume indicator Money Flow Index.

hi my old friend - i hope you still remember me. nevertheless, i know you will not recognize me after all of these long years away.
i am using your renko charts code as is since 6 years back plus the modified one you have published without gabs, it is the best and by the way it does not repaint in some cases
so big thank you

1. low leverage 20:1 fro big original leverage 500:1

when you have a leverage of 500:1 with a real and good broker such as Fxpro - neutral not biased broker - then you will feel that it is a gift from the sky.

yes it is a gift from the sky but leverage is a sword with two blades one to kill your account and one to boost up your account.
so first trick guys : use any strategy you want to use but always keep bearing in mind that your actual part leverage and margin should not exceed 20:1 what is so ever your account value.

why is that true in my point of view, is that most of the traders are excited to trade and press that lovely mouse button forgetting the golden rule do not overload your account with so many useless trades that will consume some of good cash into the pocket of the broker as a margin.
20:1 for a balance $1500 is good to survive any waves might happen

in my account i like always to begin with low small balance = it is a challenge better than playing age of empire game for example... more ideas will begin to flow how to protect and train yourself on trading with small account and to make some cash with discipline as any small mistake will kill the account.

1500 dollars not small amount of money in the third world such as middle east or africa , so any mistake will make me for example to suffer for long time if i lose this sum of cash.

so many times i asked myself how to gain cash from small amount such as 1500 dollars.

I did so many trials on real and live accounts and mostly i won- yes - true - but very little compared to the blown accounts i had lost.

one day i have lost more than 50,000 dollars because a false news about someone will say something about one pair in the conference forced me to lose all my cash not in margin call no sir, but in panicking before the real time of flow of money at that time, i was in a bad destructive position that i was not understanding the leverage and the hedging with margins so i closed all deals with a loss in few seconds of more than 50,000 dollars.

i became sick, ill, heart attack........ then i have realized the fear factor in my trading was the one who killed my account, and i decided to begin with smaller accounts that if i lost them then its ok, i do not care and day after day i began to understand the importance of the 20:1 leverage

this 20:1 will help you to trade without stop loss even if your account is just 1500 dollars or so

so where is the trick :

i built up many 1500 dollars accounts with so many brokers all over the world and i did the trail many hundreds of times from my small laptop , and the results were all the same, YOU CAN BEGIN WITH 1500 DOLLARS ACCOUNT AND YOU CAN REACH IN FEW MONTHS TO 5000 DOLLARS WITHOUT LOSING THAT ACCOUNT.

SO YOU NEED A SYSTEM TO TRADE, THE 20:1 IS YOUR FIRST WEAPON IN THIS BATTLE.

WHAT WILL BE THE SECOND ITEM ?

2- GOOD INDICATOR WITH LOW IMPACT NOISE FILTER



I HAD TRIED SO MANY INDICATORS, EVEN I BUILT SOME OF THEM and sold some of these indicators but all are with the same lagging
but at the end the only right will be in the channel of your system, cash is the right indicator, if you have cash pouring into your wallet then this indicator is the best but if not then dump it and find another one.

most of the indicators are just a copy of MT4 original codes.

so i was wondering are the people who built mt4 crazy or they are just clever to publish things in their platform is worthless - come on - i was really confused for many years till i decided to catch the mt4 built in indicators one by one and to gather them in one set and then to play in the settings and then to re-code them with major changes in the structure and at the end i have reached to a golden rule - mt4 moving average is the best indicator in the world plus the money flow index.

but wait, is not the moving average just a silly indi that most of the traders are neglecting, and may be it is just a colored fancy indi to follow the price and to make your eyes feeling happy to see a snake moving on your screen.

i have tried all moving averages periods from 1 to 2000 and i found that the 1000 and 2000 are acting the same and they are just seperation between the land and the sky...

so i decided to build more theories about the 2000 ma and i did so many tests and my results were simply add MFI (5) TO THE TIME FRAME OF 5 MINUTES TO OPEN AND 1 MIN TO CLOSE

OR USE RENKO CHARTS THEN WHAT AN AMAZING CHART YOU WILL GET SUPER SIMPLE RESISTANCE AND SUPPORT LEVELS PLUS WHEN TO ENTER AND WHEN TO CLOSE

BUT SOME TIMES I FEEL THE TEMPTATION TO KEEP PRESSING THE MOUSE,

SO WHEN ARE WE GOING TO REACH FOR THE STRATEGY ?
WAIT AND ENJOY THE EVENING

ASSUME THAT AS PER MY SIMPLE STRATEGY FOR NOW EVERY THING WENT AGAINST MY TRADES DO YOU THINK I WILL ,LOSE MY ACCOUNT IN MARGIN CALL
NO
100000000000000 NO I WILL NOT EVEN IT IS JUST REAL LIVE ACCOUNT WITH 2000 USD

3- EQUITY OR BALANCE
BEFORE 9 YEARS BACK I HAD A FIGHT WITH A TROLL ugly ignorant trader here about balance or equity and i was being attacked by his flake of pirates badly because i was trying to say balance is better than equity in trading forex.
at that time i was under the impression that if i have 50k real cash in my account then i will not ever never lose as a balance in my hand and i lost more than this in few seconds of panicking as i have said in above posts.
after this i have realized that equity is the key not the balance
so again we return to point 1
20:1 is better than 500:1+

Amazing thread Happy Trader so much to learn from you

EU AS EXPECTED

4- size of lots to be trained before trading the bigger lots in the real account
THE AIM OF THIS THREAD is simply to prove to all who are saying to begin trading forex you should have $25 k in your account, i would say, if you want to make some real passive income from account of $1500 only, simply follow the rules mentioned in the posts here, and if you do not believe me check the above real account.
if you begin with 1500 dollars only, and you need to keep your real leverage in a value of less than 20:1 then 0.01 to 0.02 are your best friends here.
you have chosen already EURMAX as your passive income swap generators and you only sell for this pair, plus you choose either EU or Ecad and Ucad, and follow the 5/1 strategy or renko 3/1 .
1500 - 0.01 to 0.02
1800 - 0.01 to 0.03
2000 - 0.01 to 0.04
2500 - 0.02 to 0.05
3500 - 0.03 to 0.06
4500 - 0.04 to 0.06
5000 - 0.05 to 0.06
stop
cash out your money
return to trade from 1500 dollars
by this you will keep your profile under radar
to reach 2500 you need 2 months of daily trading
but to reach from 2500 to 5000 you will need only 2 weeks

note - someone would say why to cash out and begin from 1500 again, i have two other choices, either to keep the trading thyme as it is till i reach 5000000000 or to go for option 2 to cash let;s say 2500 dollars and to begin from 2500 and so on...

Yes you have the right to do both but from my humble experience in this market, it will be very easy to be hunted by the counter desk or robots as this is open market and the codes to discover your trades are easily revealed by these bots, so your ego and your self confidence will be more and more when your balance is increasing daily therefore you will kill your account by yourself by making more mistakes and by making more trades for the greedy human built in ourselves the greedy attitude and once you lose the big amount then it will be like a losing the entire world .

but if you cash our on regular basis 3500 or so, it will be simple if you lose 1500 but not 50,000 dollars

for the guys who are saying let's cash 2500 and let's trade again by 2500 dollars , i would advise them that it could be true and fast to use this method, but i do not recommend as i did not try it , my major aims and trials were on 1500 dollars always as i know in the third world countries one can get easily 1500 dollars from a bank or credit card or personal family loan and this amount of money can be also easily compensated by the same person if he lost them
https://youtu.be/cKaWHqqJ_6E
enjoy your day guys - life is short

trading forex is like a dance of two partners, they must dance at the same theme or they both will fall down
https://youtu.be/aZXx68fHu4s
the dance will begin slow then by time will increase but they will not dance for ever, there will be an end, same as your traiding with high leverage and small equity
enjoy - see you after few hours - i will go now to sleep

by the way, EU is following the 5/1 pattern and it went up about 850 points ( 85 pips ) and still in the uptrend before this weekend.

I USE MATHTRADER7 RENKO CHART BUILDER