Easy Eyes Renko

all money now. breakeven or profit. 200 contracts at 2 pip box moves beautiful

Closed out early. Use good judgement when watching price live. It started to fluctuate rapidly. I don't want a big move down to break even. If price is flowing evenly in your direction; let it ride. Rapid moves up and down of the same candle is a warning. 6 pips...A cool $2,400 in no time. Never gets old.

Watching candles movements is a key to indecision and early exit with profit...you will see a candle rapid-fire up and down consistently to use this method.

And my analysis was correct....look what happened....trading is more than just a system....it's also common sense. Was able so save a few pips of profit.

One of my biggest aggravations in trading???? A spread that moves to wide and I got a good signal......keeps me out of it....

gbpusd. The arrow shows a no trade that saved us an eleven box loss. The circle would be a trade we are still in and not stopped out with the 11 box rule...

I've been noticing when we very seldom take an eleven box loss it seems as if the 200 is being broken...I may incorporate something to shorten the eleven box loss factoring in the 200 and if price moves close to our 11 box stop out but doesn't hit it.....I'm always expanding....test...test...test

Look how we were saved from an 11 box stop out with that small candle look 2 times.

I think you should take a break my friend.

Ok I am going back to the original take/profit loss system. Had a few losses in a row that put my account 1 trade in negative profit. It happens, but my testing seems to work better with a 1 bar + spread stop out.....break even after 2 boxes.....must take profit 3 to 1.....Will be more losses, but the testing seems to be better with a 3 to 1 profit ratio and if price ranges you take the 2 to 1. Adjust contract size to 10 trades as I said before.

The main problem with the old system from my trading seems the break evens happen too much...although highly accurate...you never know when those few trades in a row will get you. I experienced it. A work still in progress. Possibly looking to add 1 indicator in the near future. More tests needed.

Let me clarify the ranging...simple.....price moves up 2 bars in profit...moves down 1 bar...then moves back up to 2 to 1...take it.

Also sorry for the confusion....price moves up 2 bars....cut loss in half + spread.....rough weekend lol.

also remember to close the trade out if it makes the 3 bars complete but doesn't take profit because of the spread......monitor....

May even do a 3 to 1....place take profit at 2 to win.....must take 4 to 1.....whole idea is to get to the 3 to 1 level.

Could you please explain more?

4 and 5 candle rule???? Maybe one trade I missed in that chart....love your sarcasm though.

If anyone feels they want to download please feel free but must do both the indicators and the template to acheive the illustration.
Never 'refresh' the indicator as it will change but in live trading I feel it is hugely helpful with the Renko ea.
The indi is pretty simple to understand and each trader can decide which strategy is good for them as the indi makes it very clear when to trade and when not to trade.
Illsutration is renko 5 points on this US30 chart.
I am sure it will help.
George

Hi George, loaded your template and have got normal candlesticks not renko Help please

the template will cover normal candlesticks too - see chart for 1m US30.
George