Hello everyone.
I have been trading renkos for a long time now, and i have been using mainly the HAMA indicator, waiting for crosses and then scalping the move. This has been great and is a nice way to slow build up pips over time. The problem is that you need to repeat this over and over again and then you have to get out of the trade, sometimes i would only scalp for 2-3 pips, this is great because it can be done fairly consecutively, and providing you have a stop of 2 pips you can be profitable. As i said i was looking for a way to get more of a move, an i have found an indicator that can get good entries, its a fast and slow ma crossover indi. I have been using the setting of 10 and 34, now this thread is created to get the exits, does anyone have any ideas? Also if anyone finds better values for the ma cross, feel free to post them
I have been trading renkos for a long time now, and i have been using mainly the HAMA indicator, waiting for crosses and then scalping the move. This has been great and is a nice way to slow build up pips over time. The problem is that you need to repeat this over and over again and then you have to get out of the trade, sometimes i would only scalp for 2-3 pips, this is great because it can be done fairly consecutively, and providing you have a stop of 2 pips you can be profitable. As i said i was looking for a way to get more of a move, an i have found an indicator that can get good entries, its a fast and slow ma crossover indi. I have been using the setting of 10 and 34, now this thread is created to get the exits, does anyone have any ideas? Also if anyone finds better values for the ma cross, feel free to post them