By request I've put together a really simple trend following Renko strategy to accommodate the compound money management EA trade panel, but consistent even by it's self
renko isnt an indicator it a range based candle stick
& I use mean renko so the price is the true. You need to understand maybe how a renko bar & heiken ashi candles are formed the build up from the middle out so you need to wait for a full candle close.
Hello vdubus. In the video, you mentioned the compound MM EA. Where can I find this EA? Its not in your zip file, but I cant find it anywhere else. Thanks.
Remove heiken ashi !!! you dont need to average/smooth the price with renko, learn to read them, use basic principles on what the price its doing and painting in the chart and you are set.. Hell, even a single moving average its enough in this case too
Learn to read renko with OHLC (THAT include wicks) FOR REAL and thats all you need to make money..
Oh and whoever said that renko repaints, no it doesnt repaints UNLESS you are using a really shitty/subpar generator in the first place (it can be fixed easily too)
Hi, Looks interesting and thanks for sharing. Downloading indicators and apply template seems to give me something quite far from what you have set up? Any ideas? {image}
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press the button on the renko bar to open up an offline chart
Hello vdubus. In the video, you mentioned the compound MM EA. Where can I find this EA? Its not in your zip file, but I cant find it anywhere else. Thanks.
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this is a strategy designed for the EA. you can find links to the EA on my website
Remove heiken ashi !!! you dont need to average/smooth the price with renko, learn to read them, use basic principles on what the price its doing and painting in the chart and you are set.. Hell, even a single moving average its enough in this case too Learn to read renko with OHLC (THAT include wicks) FOR REAL and thats all you need to make money.. Oh and whoever said that renko repaints, no it doesnt repaints UNLESS you are using a really shitty/subpar generator in the first place (it can be fixed easily too)
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People love to use indicators. range bar teaches the basics of structure & risk management. To risk less win more
I reviewed your compauding strategy and it make sense.
For this type of snowballing MM to work you need a very good trading strategy with high win rate from +80% and above because otherwise is hard to get 3 wins in a raw.
Do you have some statistics for this renk scalping?
Even without the EA which I am very tempted to get the template is already really cool and useful. Do you change the brick size for different pairs or just keep as it currently is. Going to load up all the majors and some crosses and wait for some alerts.
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Renko is different for each pair you'll have to play around to find one you feel comfy with.
@vdubus I reviewed your compauding strategy and it make sense. For this type of snowballing MM to work you need a very good trading strategy with high win rate from +80% and above because otherwise is hard to get 3 wins in a raw. Do you have some statistics for this renk scalping? Thanks
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This is why I designed the EA for that very reason but you math is wrong.
example: $25 x 3 compound = $25 + $50 + $100 = $200 Total profit = $175 divided by $25 = 7 x $25 to win again.
Employing Renko this makes is visually possible to achieve all three compounded entries in one trade execution
{quote} This is why I designed the EA for that very reason but you math is wrong. example: $25 x 3 compound = $25 + $50 + $100 = $200 Total profit = $175 divided by $25 = 7 x $25 to win again. Employing Renko this makes is visually possible to achieve all three compounded entries in one trade execution
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Hi
I understood very well if we hit all 3 compounds we have 7 more attempts before we finish the original 25$.
My question was:
Based on your personal experience using your strategies (you shared more than one) is it possible to achieve 3 wins in a raw easily? The answer is probably no.
How often do you get 3 consecutive wins in a week (or month)?
What about if after 7 tries we don't get any 3 consecutive win. Do we stop trading?
{quote} Hi I understood very well if we hit all 3 compounds we have 7 more attempts before we finish the original 25$. My question was: Based on your personal experience using your strategies (you shared more than one) is it possible to achieve 3 wins in a raw easily? The answer is probably no. How often do you get 3 consecutive wins in a week (or month)? What about if after 7 tries we don't get any 3 consecutive win. Do we stop trading?
By request I've put together a really simple trend following Renko strategy to accommodate the compound money management EA trade panel, but consistent even by it's self {image} https://youtu.be/j-AP9cJmeVI {file}
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is this EA "compound money management EA trade panel" free or need to buy from you?
