new trade ej
buy
buy
Think Outside Of The Box - Trading Renko With Moving Average
- #24
- Edited 6:43pm May 8, 2020 10:51am | Edited 6:43pm
- | Membership Revoked | Joined May 2020 | 73 Posts
can you share your renko chart setting and whats the second moving average and whats your exit signal
ma 5 or ma 10 or ma 20 ( as you like just choose any one of these 3 mas)
renko 1 min real on chart
renko 3 min off chart
brick renko size differs from pair to pair, it is up to you
and add MFI indicator of period 5 just for confirmation for over bought or oversold
buy if mfi is in the over sold and the brick is under both ma 2000 and ma 20 for example by a distance of x value you decide it
sell if mfi is in the over bought and the brick is above both ma 2000 and ma 20 for example by a distance of x value you decide it
the success probability to win is above 85% but this is a market manipulated by many factors against your trade so you must be paient, long day trader or week or month and you must not exceed 20:1 real opened trades then you will begin to gain
open 3 charts, first chart for emxn for +ve swap always sell above the ma 2000 - do not use the above strategy, keep between each trade and the one below or under it a distance of 60,000 points and take profit must be open and it is not allowed in any means to make hedging here
the second and third charts are eu and any other chart has u as major such as uc, uj ...etc then here follow the above strategy as well as free tp
that's it
enjoy
emxn
eu
uc
Analyzing my trading strategy through FF:
point 1 - I had some defects in my trades as i was not yet familiar to the new renko builder as i was using older versions so i had some wrong judgement from my end and also i made closing of one trade by mistake caused me 8 dollars loss
point 2 - now i am more comfort with the renko new builder, new pairs added and less noise, and the defects as you can see are becoming less but still i had one loss about 2.5 dollars
point 3 - yes i have a third loss in one trade close it also by my auto-protective expert adviser of 2.5 dollars too but more winning trades and most are relevant to the real price action through my strategy so i am in the right and correct path.
point 1 - I had some defects in my trades as i was not yet familiar to the new renko builder as i was using older versions so i had some wrong judgement from my end and also i made closing of one trade by mistake caused me 8 dollars loss
point 2 - now i am more comfort with the renko new builder, new pairs added and less noise, and the defects as you can see are becoming less but still i had one loss about 2.5 dollars
point 3 - yes i have a third loss in one trade close it also by my auto-protective expert adviser of 2.5 dollars too but more winning trades and most are relevant to the real price action through my strategy so i am in the right and correct path.
- #31
- May 9, 2020 4:49am May 9, 2020 4:49am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
ALWAYS TRADE WITH YOUR EYES BOTH ON EQUITY NOT ON THE BALANCE
To free Gazans of Hamas, use whatever it takes.
- #32
- May 9, 2020 5:02am May 9, 2020 5:02am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #33
- May 9, 2020 1:34pm May 9, 2020 1:34pm
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
- #35
- May 9, 2020 11:50pm May 9, 2020 11:50pm
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
{quote} from my above results you should know what was my name here clever calm guy - cheers
- #37
- May 10, 2020 12:06am May 10, 2020 12:06am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
{quote} from my above results you should know what was my name here clever calm guy - cheers
there is always, always another trade!!
- #38
- May 10, 2020 12:09am May 10, 2020 12:09am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
New way of thinking outside the box,
Can we consider a new trading strategy using renko by playing it as a Roulette gambling game ?
if your answer is yes then you are correct.
i have tried this principle for some time, it is very nice and you can make some real income, but it need automated complicated code at which i could not do it, but manually it is really interesting...
it is trading strategy but it is very near to playing Roulette gambling game strategy:
first of all make the brick size large and big enough to absorb all noises in the market .
check the ma 20, if it is in the down trend, then, you choose a color - for example the last red full recent closed brick on the chart, and you begin trading 0.01 lot sell, so if it is closing the new brick red on sell, then you win these pips, if yes, make new trade 0.01 and son, but if it is not, then make another sell of 0.03 and wait till it is closing, if it is closing on red then you have returned your losses and with a profit, if not, make the new trade of sell 0.06 ( not 0.05 as Roulette gambling game ) then wait till it is closing and so..
I have noticed that for large bricks this strategy is a well winner, but it need a very patient trader who has many hours to spend on front of the screen or he is a well coder to make a code for this strategy... i felt boring and i stopped trading this strategy .
here is an example of recent uc on buy system : RESULT IS +78 USD - in 4 days of trading without any pressure.
1000 point is the size of the bricks
Can we consider a new trading strategy using renko by playing it as a Roulette gambling game ?
if your answer is yes then you are correct.
i have tried this principle for some time, it is very nice and you can make some real income, but it need automated complicated code at which i could not do it, but manually it is really interesting...
it is trading strategy but it is very near to playing Roulette gambling game strategy:
first of all make the brick size large and big enough to absorb all noises in the market .
check the ma 20, if it is in the down trend, then, you choose a color - for example the last red full recent closed brick on the chart, and you begin trading 0.01 lot sell, so if it is closing the new brick red on sell, then you win these pips, if yes, make new trade 0.01 and son, but if it is not, then make another sell of 0.03 and wait till it is closing, if it is closing on red then you have returned your losses and with a profit, if not, make the new trade of sell 0.06 ( not 0.05 as Roulette gambling game ) then wait till it is closing and so..
I have noticed that for large bricks this strategy is a well winner, but it need a very patient trader who has many hours to spend on front of the screen or he is a well coder to make a code for this strategy... i felt boring and i stopped trading this strategy .
here is an example of recent uc on buy system : RESULT IS +78 USD - in 4 days of trading without any pressure.
1000 point is the size of the bricks