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Renko trading using proven strategy

  • #161
  • Jun 11, 2020 3:59pm Jun 11, 2020 3:59pm
Quoting forrest85
For me it is not working. How do you make the renko bars? At me the renko bars not formed.
Please check post #47
  • #162
  • Jun 11, 2020 6:09pm Jun 11, 2020 6:09pm
Quoting Intrepidpips
{quote} I was too angry at myself, if I had taken only one lot on the buy, I'd have taken the sell when the buy went into deficit. It's a n emotional error, instead of multiple lots just increase the lot size and scale out of the trade in profit or exit once in loss.

Have you ever played poker for real money? What does forex poker have in common? You need to be able to control your emotions
if you're doing we all have results with all
  • #163
  • Jun 11, 2020 8:41pm Jun 11, 2020 8:41pm
The chart is not 100% clear any idea ?
Attached Image (click to enlarge)
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  • #164
  • Jun 11, 2020 9:36pm Jun 11, 2020 9:36pm
Quoting Hutch
{quote} Please check post #47
Well. Thank you your answer. Are U using the STG Renko chart maker for the new template as well? Or?
  • #165
  • Jun 12, 2020 8:32am Jun 12, 2020 8:32am
Dow Scalping

Attached Image (click to enlarge)
Click to Enlarge Name: dow1206.png Size: 38 KB
if you're doing we all have results with all
  • #166
  • Jun 12, 2020 9:17am Jun 12, 2020 9:17am
Quoting Mtahami
The chart is not 100% clear any idea ? {image}
You have 6 days cramped in the chart. Please press the + key on your keyboard until you get only 1 day and it will be much clearer.
  • #167
  • Jun 12, 2020 9:28am Jun 12, 2020 9:28am
Quoting forrest85
{quote} Well. Thank you your answer. Are U using the STG Renko chart maker for the new template as well? Or?
Yes I still use STG Renko but don't forget to refresh the chart every time you open it as seen in post #127. For CFDs with very high ATR such as the DJ, SPY, DAX, etc. I use the attached EA because STG has problems dealing with Renko bricks that are over 100 points.
Attached File(s)
File Type: ex4 renkolivecharts_pimped_v4_13.ex4   24 KB | 657 downloads
File Type: mq4 renkolivecharts_pimped_v4_13.mq4   20 KB | 681 downloads
  • #168
  • Jun 12, 2020 10:17am Jun 12, 2020 10:17am
Quoting jarfx05
Dow Scalping {image}
I used a parallel Renko builder with bricks of $5 and here is the result. The second chart is the same but with Renko shift 10%. As you can see the STG remote shows 50 points when in fact it’s 500. This is why I don’t use STG Renko for bricks higher than 100. Maybe I should trade the DJ instead of the FTSE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US30M2.png Size: 35 KB
Click to Enlarge Name: US30 M2.png Size: 29 KB
  • #169
  • Jun 12, 2020 11:53am Jun 12, 2020 11:53am
Quoting Hutch
{quote} I used a parallel Renko builder with bricks of $5 and here is the result. The second chart is the same but with Renko shift 10%. As you can see the STG remote shows 50 points when in fact it’s 500. This is why I don’t use STG Renko for bricks higher than 100. Maybe I should trade the DJ instead of the FTSE {image} {image}
Well done. Manipulating charts is fun.
Attached Image (click to enlarge)
Click to Enlarge Name: ejf.png Size: 35 KB
if you're doing we all have results with all
  • #170
  • Jun 12, 2020 3:23pm Jun 12, 2020 3:23pm
Quoting jarfx05
Dow Scalping {image}
What you call scalping is a dream job for many in here.
Let it turn and find your entry.
  • #171
  • Jun 12, 2020 3:26pm Jun 12, 2020 3:26pm
Quoting jarfx05
{quote} Have you ever played poker for real money? What does forex poker have in common? You need to be able to control your emotions
You are right, someone said your financial capital is a reflection of your emotional/psychological capital. I need to improve my pain threshold.
Let it turn and find your entry.
  • #172
  • Jun 12, 2020 5:17pm Jun 12, 2020 5:17pm
Quoting Hutch
{quote} I used a parallel Renko builder with bricks of $5 and here is the result. The second chart is the same but with Renko shift 10%. As you can see the STG remote shows 50 points when in fact it’s 500. This is why I don’t use STG Renko for bricks higher than 100. Maybe I should trade the DJ instead of the FTSE {image} {image}
I see only you make a significant contribution to this thread for beginners in the Renko trade, and some here simply brag about the results, continue in the same spirit and THANKS TO YOU.
  • #173
  • Jun 13, 2020 3:00am Jun 13, 2020 3:00am
Hi, does anyone have the HalfTrend-1.02 indicator for mt5?
Thanks
  • #174
  • Jun 13, 2020 5:00am Jun 13, 2020 5:00am
jarfx05 in post 169 what amplitude are you using for the half trend please?
  • #175
  • Jun 13, 2020 11:32am Jun 13, 2020 11:32am
Quoting Intrepidpips
{quote} I got restless then got reckless. {image} The set-up is not to blame, blame the trader for the losses. Moving forward will stick to my entry and 3 bricks SL rule, no multiple lots, no trying to make all the profits in one day. I must purposefully prepare for FO every trading day.
I felt like quitting on the 2.5 pips brick size yesterday because the trader is always to blame for his/her results.
Later at night I looked again at the charts and decided it's time to follow a bias, Buy only when the system says buy and ignore the short signals.

In the end I got rid of the OBO Trend bars and added the 20 Smoothed MA, it became more interesting when I threw in the T3 indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 10.png Size: 123 KB


Ultimately I'm sticking to the T3
Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 11.png Size: 75 KB
Attached File(s)
File Type: ex4 T3 adaptive ma_i-CA 2.01 nmc.ex4   43 KB | 627 downloads
File Type: mq4 T3 adaptive ma_i-CA 2.01 nmc.mq4   11 KB | 681 downloads
Let it turn and find your entry.
  • #176
  • Jun 13, 2020 12:48pm Jun 13, 2020 12:48pm
Hello Intrepidpips and All,

What do you think about this constellation?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 124 KB
Click to Enlarge Name: Screenshot1.png Size: 160 KB
  • #177
  • Jun 13, 2020 1:55pm Jun 13, 2020 1:55pm
Quoting forrest85
Hello Intrepidpips and All, What do you think about this constellation? {image} {image}
It's great more confirmation gives greater confidence to pull the trigger.
Let it turn and find your entry.
  • #178
  • Jun 13, 2020 3:57pm Jun 13, 2020 3:57pm
Quoting forrest85
Hello Intrepidpips and All, What do you think about this constellation? {image} {image}
I agree with Intrepidpips that more indicators can bring greater confidence in a trade but looking at your charts I see arrows that diverge from one to another. Could you please explain how the second red arrow (short trigger) and the first blue arrow (long trigger) on the first chart bring more confidence in entering into a trade?
  • #179
  • Jun 13, 2020 11:00pm Jun 13, 2020 11:00pm
Quoting Hutch
{quote} I agree with Intrepidpips that more indicators can bring greater confidence in a trade but looking at your charts I see arrows that diverge from one to another. Could you please explain how the second red arrow (short trigger) and the first blue arrow (long trigger) on the first chart bring more confidence in entering into a trade?
Well you are right. it is srew it up. Maybe wrong settings. This is the indicator: T3 adaptive MA.
  • #180
  • Jun 14, 2020 11:14am Jun 14, 2020 11:14am
Quoting forrest85
{quote} Well you are right. it is srew it up. Maybe wrong settings. This is the indicator: T3 adaptive MA.
And I am yet to see the T3 in live action, so still hold on to the 20 Smoothed MA which is closer to it. For some reason my "Best" moving average custom indicator just refuses to show in my MT4 navigator tab though it's visible in the File Folder
I like it because of the MTF and colour change functions.

Someone might like to give it a go?
Attached File(s)
File Type: ex4 scMTF MA.ex4   5 KB | 532 downloads
Let it turn and find your entry.
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