New System Test: RENKO 7

Quoting morne72

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I like your style of trading simple and non objective... My focus is on doubles tops and bottoms with a 10 pip renko bar First 2 trades {image} I use Risk/Reward of 1: 1 ( 3 renko bricks tp and same with sl) Setup 1 {image} Setup 2 {image}

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Quoting Expo33

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{quote} Thank you and good trading to you. I have been working feverishly all week (about 50 hours of screen time). I tweaked the entry rules a bit an have come up with a nice EMA cross filter. This is really exciting to me as the trading this week was extraordinary. As time permits this weekend, I will be posting the latest information.

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Quoting Expo33

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I am starting this thread for two reasons: 1) To document and test a new system. 2) To train myself to trade responsibly and effectively After 10 years and 10,000 hours of study, my trading is still erratic, undisciplined, and quite frankly, psychotic. Obviously knowledge alone will never make one a great trader. I blow accounts faster than Hillary deletes classified emails. As Mark Douglas points out in his book "Trading in the Zone", I have personally refused to take responsibility for my losses. I over trade, revenge trade, marry trades, add...

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Quoting FerruFx

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Interesting and clean chart ... Are you looking at a minimum retracement in between the double top ? And is the RSI position in the 0-100 scale (except the need of divergence) important ?

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Quoting morne72

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I like your style of trading simple and non objective... My focus is on doubles tops and bottoms with a 10 pip renko bar First 2 trades {image} I use Risk/Reward of 1: 1 ( 3 renko bricks tp and same with sl) Setup 1 {image} Setup 2 {image}

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Quoting simba2000

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{quote} Another great Thread from Mr. Expo33 , Thank you so much Mr. Expo33 One problem is the indicator used for renko , it is so slow , while i am using 8 mb/s internet link do you suggest another indicators. EA or Script to generate renko ?

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Quoting Expo33

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{quote} I'm using this one now. Much more versatile. Instructions and links to video on how to use it in the thread. https://www.forexfactory.com/showthread.php?t=684131

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Quoting Expo33

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{quote} I'm using this one now. Much more versatile. Instructions and links to video on how to use it in the thread. https://www.forexfactory.com/showthread.php?t=684131

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Quoting simba2000

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{quote} [1] Thank you Mr. Expo33 I tried , but indicators gives error message expiry at 31 August 2017 , do you have any idea about that expiry , at same time author deny posting in that thread . [2] For the system , please try to add cci (21) , you will find a nice and many divergence with renko and enables you find more opportunities. Have a nice trading. {image}

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