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Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

SIMPLE EA for a simple method needed!! 1 reply

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More simple is impossible

Quoting Matomi
DAX +20+15+7+6+5+5+5-5+7+5+5+18 = 93 pips I've been quiet for couple of weeks and I'll remain, no more time for posting. This is what I was working on app. last 2 months, clear trading, no indicators, pure PA. I don't trade via Renko charts anymore, even if it was really great time trading with them for over 2 years. It's not perfect, not the best, but I feel like I found holy grail after 4 years of journey, so I think the least I can do for you guys is share it with you and wish you all the best in your own performance. {image} {image}
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We wound up in the same place.....
Hi!

Test. Crazy scalping. 1 min and PA.

Total TP + 164.

Demo)

P.S.
Not a sniper, with a machine gun!
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"All good things come to those who wait"
Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot.
Stay Safe Stay Paranoid. Yes they are out to get just you!!
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Cut your Losers short and let your Winners run.
Quoting dee50
Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot. Stay Safe Stay Paranoid. Yes they are out to get just you!! {image} {image}
Dee, amazing results.
Can you post your chart with the entries? Maybe in 1 and 5 minute chart will be great.
My trading has evolved significantly, but still have some issues with correct levels to look for a trade, and stops.
Would love to see how those trades were placed in the charts please. I'm sure will be an eye openning.
What is your stop criteria? Extreme of a move?

Best
Quoting dee50
Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot. Stay Safe Stay Paranoid. Yes they are out to get just you!! {image} {image}
Hi,

Did you use the same BE strategy as before: BE +2 @5 with TP @10?
Quoting PhilippineFX
{quote} {image} We wound up in the same place.....
Long time no see PhillipineFX; continued success to you.
What TF is this chart please? I cannot see whether it is M1 or M16 - sorry
Thank you for responding.
Hercs
It's M1 Hercs.
Quoting Mermain
{quote} Hi, Did you use the same BE strategy as before: BE +2 @10 with TP @20?
Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot. Stay Safe Stay Paranoid. Yes they are out to get just you!
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Cut your Losers short and let your Winners run.
Quoting dee50
{quote} Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot. Stay Safe Stay Paranoid. Yes they are out to get just you! {image}
Hey Dee,
Went over you log before, but hard to follow entry points on my broker over yours. CFDs quote differently over brokers, some times I've seen over 20 pips difference, besides time difference. Of course being the quote the important variable, considering small timeframes many times paint different due same reason. This could have even more impact if the instrument selected is DAX cash index vs DAX CFD.

Cheers mate
Quoting cfabian
{quote} Hey Dee, Went over you log before, but hard to follow entry points on my broker over yours. CFDs quote differently over brokers, some times I've seen over 20 pips difference, besides time difference. Of course being the quote the important variable, considering small timeframes many times paint different due same reason. This could have even more impact if the instrument selected is DAX cash index vs DAX CFD. Cheers mate
Here. All the trades happened inside the Blue Box, it was a mess to trade but that was the time I had available. I don't trade Standard Time frames I monitor the 1hr to keep an eye on what the rest of the market is looking at, in this instance I only used the 5 pip Renko chart for entries not the 5 minute chart.

CFDs are not Real Instruments. They are Broker/Market Maker created so they can do what they want with the price data, and they certainly do that. But they are cheap to trade so the brokers get away with it. There is no logical reason for the pricing disparity between the Futures Fdax and Forex other than to facilitate price manipulation and the difference between brokers means it is more difficult to ascertain who is doing what to who.

Done for the day. I am off to the village square, we are having a demonstration to petition the rest of the world to Quarantine the U.S.A from the rest of us so that we do not become infected by the disease sweeping through America, we are expecting a counter demonstration from the American who lives at the other end of the village who says that the solution is that the U.S.A should nuke the rest of the world thereby making America the greatest nation on earth, believe it or not, Hank the American (I call him Homer) he really did say that.
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Cut your Losers short and let your Winners run.
Quoting Makstrader
Hello everybody. For the first time here. You are all done well !!! Sorry for the English. Google translates. Yesterday I tried to work with dax. Interesting tool. Yesterday trades: 21.5 / 2 / 36.3 / 2 / 26.8 / 23.3 / 23.1 - There was a good trend. Renko 5. What can I add from myself. It is more convenient, for me, to draw support and resistance trend lines on Heiken Ashi in a separate window. Highs and lows are clearly visible. And in combination with round numbers, the levels work very well. Try it. Also, I do not know why, THR Coral works well....
Hi Makstrader,
Please share your template. Many thanks,
RS
Quoting RisingSun
{quote} Hi Makstrader, Please share your template. Many thanks, RS
Hi.

Oh sure.

Checked on a new clean platform, everything works.

In the folder with indicators the renko bar generator.
The second indicator in the same folder is connected to the created Renco Chart for a convenient and fast change of the size of the brick.

All the best.
Attached File(s)
File Type: rar MT.rar   947 KB | 475 downloads
"All good things come to those who wait"
Typical really. this is a Renko thread and all people can do is post Standard Candle charts. Fortunately there are plenty of threads using Standard Candles so every one should be fine.
I have just been asked for a template for the 5 min chart I posted so this is my last post until after the summer
Here is the template.

Attached File(s)
File Type: tpl DAX 1hr.tpl   30 KB | 369 downloads


Good luck.
Cut your Losers short and let your Winners run.
Did you hear any alert sound when the candle color changed....? I see that option in the settings box of the EA but, so far I've not heard an alert sound. Since Renko candles are non-time-dependent, it would be nice to have an alert for when a bar closes and the candle color changes. Each new candle could be an hour long or 15 minutes long.... one will never know. I don't really want to stare intently at my screen for hours on end.
Quoting moh-asf
Did you hear any alert sound when the candle color changed....? I see that option in the settings box of the EA but, so far I've not heard an alert sound. Since Renko candles are non-time-dependent, it would be nice to have an alert for when a bar closes and the candle color changes. Each new candle could be an hour long or 15 minutes long.... one will never know. I don't really want to stare intently at my screen for hours on end.
https://www.forexfactory.com/showthr...07#post7902407

https://www.forexfactory.com/showthr...69#post8128269

as easy as type Renko Alert in the "search this thread" box
Cut your Losers short and let your Winners run.
Great thread.....been away for awhile.....looking forward to catching up on all the Posts here.
Hello there,

It's been 3 weeks that i'm trying my best to find a profitable system based on renko inspired by dee50 on dax.
I found out that a 20 pips SL no TP no BE on Renko + heikin ashi with the combination of 5 pip and 10 pip renko is good when the market is not ranging. It can led sometimes good profits of 100+ pips but it's rare based on Jaquemate's strategy.
I'm working at the moment on a BE strategy with small SL between 5 pips and 10 pips, BE @10 and TP between 10 and 20 pips. I will test some settings next week on renko only 5 pip and 10 pip.
I trade only divergence and 123 pattern. Divergence works great for me, but I have a hard time trading retracement maybe I should try breakout instead but my backtesting result is not quite good.

Please consider that I am a newly trader who starts mid-June.

Here the result on my real account.
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Quoting dee50
{quote} Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot. Stay Safe Stay Paranoid. Yes they are out to get just you! {image}
I have a question: when you enter a trade and it doesn't go in you favor. Do you close immediately? I see you use a 30+ pips initial SL but why not using a small SL?
Quoting Ian
EU +44, +89. Picked the wrong S/R to close at. {image}
Hey Dee50,

I was wondering if you could share the new versions of the HGI indicators. I tried to create an account and couldn't, hence, could not download them.

also, do you still use it and how has it been for you?

I believe that this could aid my trading significantly, considering the fact that I understand structure a great deal.

Is there anyone else that uses it here. Are you able to share your experiences as well please?

Thanks
Quoting dee50
Todays result. 260 pips. Stayed with the small €100 account. Used a mix of my BE strategies and TPs as a result it is a lot of trades but with just 1 loser of -9 out of 33 trades some thing must be working! so Net Profit of 52.01 = 260 pips @ 0.20/lot. Stay Safe Stay Paranoid. Yes they are out to get just you!! {image} {image}
Sorry, meant Dee50
Quoting JoshuaHope
{quote} Just for fun, I loaded it into a tester to see what happens. It does not seem to repaint the signals, but it does give out false ones...He did warn about it above. So one would have to filter out good from the bad signals... Its not a bad tool, but I find it rather unnecessary. You can find potential reversal/continuation points yourself...and then do the filtering to determine if its a likely point or not. This just add an arrow.... and at some reversal points it does not add anything... But hey, Loveguitar is clearly using it to his advantage,...
thank you for the appreciation,I use this system has been 5 years running without ever having loss and during that I always update the system to stay in forex
this is the last display of the indicators I use
all must be unidirectional (which I circled)
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