iHarvest Renko Strategy
Hello campers
Here is my way of trading RENKO small trends during the morning hours of Europe market and during NY open. This system is very profitable and can be traded by most people that have the required discipline.
The rules:
Some videos from my Youtube....
Two sell trades ....
Renko Symbols and brick size
EURUSD 2 pip
GPYJPY 3 pip
AUDCHF 3 pip
MA's 12,24,36 all exponential
Heiken_Ashi 8,5
Trend MA 130
Guppies (standard settings)
To download all tools and indicators go to my renko tool thread. or here the link to my google drive. Don't be confused by the name Titan trader. I am trading with a friend of mine (Stefan... he is a swiss trader.. real swiss, not an import like me :-) . Great guy and he trades reversals using some automated tool that I developed for him. All of the stuff is in the install plus a clean MT4 that can be use optionally)
Posting to thread is restricted due to the enormous amount of highly intellectual entries.... it confuses me and also threatens my (in)sanity.
Discussing actual trades taken can be done using the link below and is open to all that have a brain and have decided to use it :-)
https://www.forexfactory.com/showthread.php?t=743756
BELOW is WORK in PROGRESS
Patterns that will display alarms in the GuppyCandlePattern Indicator
=================== LAST UPDATE DUE TO MY ACCOUNT BEING HACKED BY SOME WANKER !!!!! ========
This month was a good test with a medium size account. 50K was the starting balance. It went up to 85K but as we all know, the market can suck up earnings in minutes...
My last advice to all: Stick to a plan for your money management. Let winners run. Look at the stats. only 50% of all trades are winner BUT the average winning amount is 4 times higher than my loss.
Trade with the trend.....
I am out of this for now
Hello campers
Here is my way of trading RENKO small trends during the morning hours of Europe market and during NY open. This system is very profitable and can be traded by most people that have the required discipline.
The rules:
- Check that you have a established trend using visual confirmation. This can be done on the H1 and the 6pip renko chart. See Post 13
- Look for entries close to the hour (8 am 9 am 10 am...13,14,15,16)
- Always place a SL below the last swing and make sure the TP is bigger or equal to the SL
- Try to trade live micro lots so that you actually learn something....
- Never ever ever pay for an EA as the only person making consistent money is the owner!
Overview of trading RENKO using start of European session
Here a summary for this year using a small live account. Still testing lots.... see below the latest and last update.
Some videos from my Youtube....
Two sell trades ....
Renko Symbols and brick size
EURUSD 2 pip
GPYJPY 3 pip
AUDCHF 3 pip
MA's 12,24,36 all exponential
Heiken_Ashi 8,5
Trend MA 130
Guppies (standard settings)
To download all tools and indicators go to my renko tool thread. or here the link to my google drive. Don't be confused by the name Titan trader. I am trading with a friend of mine (Stefan... he is a swiss trader.. real swiss, not an import like me :-) . Great guy and he trades reversals using some automated tool that I developed for him. All of the stuff is in the install plus a clean MT4 that can be use optionally)
Posting to thread is restricted due to the enormous amount of highly intellectual entries.... it confuses me and also threatens my (in)sanity.
Discussing actual trades taken can be done using the link below and is open to all that have a brain and have decided to use it :-)
https://www.forexfactory.com/showthread.php?t=743756
BELOW is WORK in PROGRESS
Patterns that will display alarms in the GuppyCandlePattern Indicator
- WorldChange: When the price moves form one side of the Guppies to the other side
- Hook: Three down and one up (It is valid only if turn around candles stay within the Guppies
- Sprint (3 fast candles with very little volume)
=================== LAST UPDATE DUE TO MY ACCOUNT BEING HACKED BY SOME WANKER !!!!! ========
This month was a good test with a medium size account. 50K was the starting balance. It went up to 85K but as we all know, the market can suck up earnings in minutes...
My last advice to all: Stick to a plan for your money management. Let winners run. Look at the stats. only 50% of all trades are winner BUT the average winning amount is 4 times higher than my loss.
Trade with the trend.....
I am out of this for now