RENKO Trading SYSTEM - RENKO Indicators 7 replies
Renko strategy for price action 19 replies
Renko strategy testr problems 1 reply
DislikedGoldflight system looks great what time U start trading each day many thanks in advanceIgnored
DislikedYesterday, I maked about 70pips with new setup, that for my account means 5~7%. There a moments, that i was SHORT, and system show me reverse( show to buy), with pop up, but the luck was with me, hehe, And system was wrong this time. Analysing, 80% of trades with system was profitable. This is a sucess for me.
Obs: I trade only in open australian market, when the major currency pair ae cold. Basically, I trade with aus/jpy and aus/usd. I tried with NZD, But The spread is very high(fxdd) gave up this currency. Other detail is that i work with...Ignored
DislikedHow do you handle the ranging periods Goldflight ???Ignored
DislikedThanks Goldflight, it appears you are also using trend lines ?
It is nice when everything is trending man !!!
I have closed my position for gain of +66 pips on EUR/JPY alone, not trying to be greedy !!Ignored
DislikedClosed out for the day. USDCAD +32 --- GBPUSD +89 ---- EURUSD +99 total of 240 pips for today. See you all tommorow.
DislikedGood job GF!
Made my first renko trades today (demo). Was focusing on EU before work. Fell for the short headfake before the breakout and lost a quick 40. Put on a trade before going to work ended up +100. +60 for the day on EU (even with the mistake) was good.
The stop management EA you posted earlier helped alot.
What pairs do you usually follow? Which give you the most potential for trades/profit?
Thanks again! Following your posts closely.
Thank you for sharing your strategy.
Could you summarize the latest rules of your system?Ignored
DislikedSo GF, is there a specific indicator that you use to alert when a trade setup might be correct?
Or is it a combination of analysis of all your indy's that lead you to know when a trade is setting up (although Renko can be tricky, and blow through 2 or 3 blocks in a 2 min time)
I"m just trying to get a better grasp as to what the deciding factor is to triggering a buy/sell order.