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Renko trading using proven strategy

  • #561
  • Mar 24, 2021 7:46am Mar 24, 2021 7:46am
Quoting Hutch
{quote} The Half Trend TT gives the signal using the arrow but the trade is always at the beginning of the next Renko brick. At that time you have to make sure that the arrow signal corresponds with the FxBay MACD. It looks like that both pictures show a late entry. Normally the signal should be on the previous brick but if your Renko bricks have wicks it's normal to have late entries. By the way even the best signals will not guarantee a good trade. I just lost $300 trading the S&P 500 because the trend reversed. Oh well ... next {image}...
Hi Hutch;
What size brick to use for CFD indices?

Thanks in advance .
  • #562
  • Mar 24, 2021 8:44am Mar 24, 2021 8:44am
Do not trade arrows, especially those that disappear to appear elsewhere.
Trade the market. This is just my opinion, everyone does what he or she feels comfortable with.

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if you're doing we all have results with all
  • #563
  • Mar 24, 2021 1:33pm Mar 24, 2021 1:33pm
Quoting Hutch
{quote} Here is the full strategy. Please make sure that you look at the links contained in the info text file. {file}
Thanks for the strategy...I'm using it now...curious how do you decide TP and SL? And how do you decide when you trade after a series of up/down half trend signals in a short time span?
  • #564
  • Mar 24, 2021 4:31pm Mar 24, 2021 4:31pm
I don't have a fixed TP since the exit is after the next valid signal. I use a SL of 1 brick after a new valid signal so the SL is visual. This is exactly what happened yesterday (see post 560). Since I trade the S&P 500 using brick size of 3 ticks I lost $300. Using a lower brick size is too fast while using a higher brick size is too big considering the 10-day ATR is only 52.
  • #565
  • Mar 24, 2021 5:11pm Mar 24, 2021 5:11pm
Quoting Hutch
I don't have a fixed TP since the exit is after the next valid signal. I use a SL of 1 brick after a new valid signal so the SL is visual. This is exactly what happened yesterday (see post 560). Since I trade the S&P 500 using brick size of 3 ticks I lost $300. Using a lower brick size is too fast while using a higher brick size is too big considering the 10-day ATR is only 52.
Have you tried to use pending stop orders? It happens that the market opens such an order and also returns, but this is a completely different story.
if you're doing we all have results with all
  • #566
  • Mar 25, 2021 6:05am Mar 25, 2021 6:05am
Quoting jarfx05
{quote} Have you tried to use pending stop orders? It happens that the market opens such an order and also returns, but this is a completely different story.
It sure is a different story and I wish I could use pending orders but because I need the Half Trend and the FxBay MACD to match it's not possible.
  • #567
  • Mar 25, 2021 3:39pm Mar 25, 2021 3:39pm
Quoting jarfx05
Trade the market.
How do you trade the market?
  • #568
  • Apr 6, 2021 7:14am Apr 6, 2021 7:14am
Quoting Alberto_Jazz
{quote} How do you trade the market?
It is very simple. By observing the important price levels, we can easily turn the scales of victory to our side.

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if you're doing we all have results with all
  • #569
  • Apr 6, 2021 8:24am Apr 6, 2021 8:24am
Quoting jarfx05
{quote} It is very simple. By observing the important price levels, we can easily turn the scales of victory to our side. {image}
Thats the most simple and usefull answer on FF to date
  • #570
  • Apr 12, 2021 6:02am Apr 12, 2021 6:02am
For any OVO users, I'm starting the free trial today and I'm finding that I get faulty data when loading a new chart or changing chart type - see pic. It seems I have to restart the MT4 to get rid of the errors. Are you having the same issue?

Also, I thought I saw somewhere (my memory may be faulty) that several symbols can be loaded on one chart for data source, but I can't find the reference.
Can you confirm if this is possible? (I know that several chart types can be loaded on the same symbol).

I've been following this thread for a while and I appreciate the inputs. Thank you.
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  • #571
  • Edited 12:48pm Apr 12, 2021 12:04pm | Edited 12:48pm
Quoting Backspin
...
Try to download some historical data. There is existing a script to do this.

e.g. HERE with other infos

an original link by OVO is HERE
Don't think!
  • #572
  • Apr 12, 2021 1:28pm Apr 12, 2021 1:28pm
[quote=LiboCop

Thank you, tried it on EU, and I have the same problem

I found that the only way to solve this is to just reload the template and all the artifacts are gone. At least I have that.

Thanks for the suggestion. The OVO data script seems good.
  • #573
  • Apr 13, 2021 1:11am Apr 13, 2021 1:11am
You're welcome.
Then it is probably an indicator error. Try another, if it exists.
May also help to resize the briquettes (range bar size) at the bottom left. For example 48 and than back 47.
No more idea by me .
Stay green.
Don't think!
  • #574
  • Apr 15, 2021 11:59am Apr 15, 2021 11:59am
Quoting Hutch
{quote} It sure is a different story and I wish I could use pending orders but because I need the Half Trend and the FxBay MACD to match it's not possible.
Try using this miraculous indicator.
Attached File(s)
File Type: mq4 obv divergence_.mq4   15 KB | 641 downloads
Please excuse the bad English via Google Translate.
  • #575
  • Apr 15, 2021 1:45pm Apr 15, 2021 1:45pm
Quoting dokopy
{quote} Try using this miraculous indicator. {file}
I will try it and see if the miracle really happens
  • #576
  • Apr 20, 2021 1:56am Apr 20, 2021 1:56am
The previous indicator did not bring happiness. I am adding three more. Will anyone try to come up with rules and do tests?
Attached File(s)
File Type: ex4 trend-scalp-indicator.ex4   44 KB | 656 downloads
File Type: ex4 TrendLine.ex4   8 KB | 559 downloads
File Type: ex4 IOnosfera 7 2020.ex4   25 KB | 598 downloads
Please excuse the bad English via Google Translate.
  • #577
  • May 12, 2021 3:30am May 12, 2021 3:30am
Quoting jarfx05
{quote} It is very simple. By observing the important price levels, we can easily turn the scales of victory to our side. {image}
hi..thanks for your nice setup!
would you pls share your currency meter?
thanks jarfx05!
  • #578
  • May 27, 2021 3:44am May 27, 2021 3:44am
Quoting Duski
{quote} Thats the most simple and usefull answer on FF to date
Indeed. That's the power of hindsight
  • #579
  • May 27, 2021 3:54am May 27, 2021 3:54am
Can anyone change the name of this thread to something else like 'Renko Unproven Ideas' or 'Renko Experimental Ideas'?
The content really doesn't match the thread name.
  • #580
  • May 27, 2021 11:31pm May 27, 2021 11:31pm
sorry but the renko i download on page 1 is not working anymore

it request for an updated when i plot it on the chart
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