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Renko Easy Patterns

  • #61
  • May 7, 2021 5:54am May 7, 2021 5:54am
I have been tweaking and tweaking and tweaking, trying to find the highest winning rate approach (for low equity trading)

It's come to this.
Attached Image (click to enlarge)
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I missed the early FO moves but was offered a generous discount which I happily took.
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Let it turn and find your entry.
  • #62
  • May 7, 2021 6:13am May 7, 2021 6:13am
Quoting Intrepidpips
I have been tweaking and It's come to this.{image}
It's just to find the pairs trending nicely at FO and find a good entry.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #63
  • May 7, 2021 6:22am May 7, 2021 6:22am
Quoting Intrepidpips
{quote} It's just to find the pairs trending nicely at FO and find a good entry.{image}{image}{image}
Here are the tools.
Attached Image (click to enlarge)
Click to Enlarge Name: RNK TRD 35.png Size: 78 KB
Attached File(s)
File Type: ex4 ADR_ ATR_20_Pairs_v3_Sal.ex4   9 KB | 469 downloads
File Type: ex4 BUTTONS_SW_TRO_MODIFIED.ex4   24 KB | 465 downloads
File Type: mq4 BUTTONS_SW_TRO_MODIFIED.mq4   24 KB | 464 downloads
Let it turn and find your entry.
  • #64
  • May 7, 2021 6:46am May 7, 2021 6:46am
Quoting Intrepidpips
{quote} Here are the tools. {image} {file} {file} {file}

The main ingredient is the HMA
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There are 2 on the chart the other is with shift 0

The indicators are several but not resource hogs.
Attached Image (click to enlarge)
Click to Enlarge Name: RNK TRD 36.png Size: 144 KB
Attached File(s)
File Type: rar HMA.rar   492 KB | 602 downloads
Let it turn and find your entry.
  • #65
  • May 7, 2021 10:53am May 7, 2021 10:53am
Some observations.
Attached Image (click to enlarge)
Click to Enlarge Name: RNK TRD 38.png Size: 87 KB
Let it turn and find your entry.
  • #66
  • May 7, 2021 11:22am May 7, 2021 11:22am
Quoting Intrepidpips
Some observations. {image}
Some more
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Let it turn and find your entry.
  • #67
  • May 7, 2021 11:27am May 7, 2021 11:27am
Quoting Intrepidpips
{quote} Some more {image}

The Higher brick chart shows the validity of the Hidden Divergence between the 25 & 50% mark
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The HMA is 16 period, 2.2 divisor and shifts 0 and 1
Let it turn and find your entry.
  • #68
  • May 16, 2021 2:16am May 16, 2021 2:16am
Quoting Akiroo
{quote} Hi,Interpidpips. Can you tell me the detailed entry rules? Please!

Okay so it's like a Matrix now, the pure form is to follow an alignment of colours and flow with the trend.
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Then we need to filter some trades out as much as possible and that is what the 64 period HMA is on the chart for.
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Then of course Regular divergence can encourage us to counter trend
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Let it turn and find your entry.
  • #69
  • May 16, 2021 2:19am May 16, 2021 2:19am
Quoting Intrepidpips
{quote} Okay so it's like a Matrix now, the pure form is to follow an alignment of colours and flow with the trend.{image} Then we need to filter some trades out as much as possible and that is what the 64 period HMA is on the chart for.{image} Then of course Regular divergence can encourage us to counter trend{image}
Additionally the higher brick chart can also encourage one to continue in the previous direction
Attached Image (click to enlarge)
Click to Enlarge Name: RNK TRD 51.png Size: 85 KB
Let it turn and find your entry.
  • #70
  • May 16, 2021 2:22am May 16, 2021 2:22am
I need to work more on committing to price targets and Fib Retracements and Extensions will be used more going forward in addition to the pivots.
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Let it turn and find your entry.
  • #71
  • May 17, 2021 4:14am May 17, 2021 4:14am
I could not catch the FO action but the Masi MACD gave a Classic Bullish Divergence alert and I waited for the follow through and delayed for a little discount.
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Let it turn and find your entry.
  • #72
  • May 17, 2021 4:36am May 17, 2021 4:36am
I like trading divergence and the MACD line and I've found that the MACD histogram both highlight divergence and we only wait for the follow through by way of brick colour change.
there are very few instances where the follow through doesn't pan out and result in a negative result especially in a range bound market and quiet hours.
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Let it turn and find your entry.
  • #73
  • May 17, 2021 5:08am May 17, 2021 5:08am
Quoting Intrepidpips
I need to work more on committing to price targets and Fib Retracements and Extensions will be used more going forward in addition to the pivots. {image} {image} {image}

EURUSD looking good
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Let it turn and find your entry.
  • #74
  • May 18, 2021 9:58am May 18, 2021 9:58am
What you get when you don't follow the rules.
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Let it turn and find your entry.
  • #75
  • May 18, 2021 10:00am May 18, 2021 10:00am
Quoting Intrepidpips
What you get when you don't follow the rules. {image}

I missed the earlier moves so was too much in a frenzy to make trades.

If I had calmly traded it would have been a different story
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Let it turn and find your entry.
  • #76
  • Sep 10, 2021 11:43am Sep 10, 2021 11:43am
I'dd noticed the MACD histogram displays divergence apart from the MACD lines displaying Divergence, then I saw a Youtube video about MACD double divergence which is when the Histogram and the MACD lines all highlight a Divergence be it Regular or Hidden. The claim is it's 100% accurate.
Truth is I'm yet to back test it extensively but what I've seen is spotting it on a higher brick frame and a lower brick chart divergence confirms it, it's a slam dunk.

Attached Image (click to enlarge)
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If I had seen this on GBPUSD 5 bricks, I'd have gone on to 2.5 bricks for an entry
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Let it turn and find your entry.
  • #77
  • Sep 14, 2021 5:27am Sep 14, 2021 5:27am
Quoting Intrepidpips
I'dd noticed the MACD histogram displays divergence apart from the MACD lines displaying Divergence, then I saw a Youtube video about MACD double divergence which is when the Histogram and the MACD lines all highlight a Divergence be it Regular or Hidden. The claim is it's 100% accurate. Truth is I'm yet to back test it extensively but what I've seen is spotting it on a higher brick frame and a lower brick chart divergence confirms it, it's a slam dunk. {image} If I had seen this on GBPUSD 5 bricks, I'd have gone on to 2.5 bricks for an entry {image}...
I was unavailable for the Double MACD Divergence earlier today, even the drop from the London session high was caught by the double divergence.

The 5 bricks chart made it clear that the way to go was south the retest of the 75% pivot level failed.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #78
  • Sep 21, 2021 2:46pm Sep 21, 2021 2:46pm
Someone asked me for the template and this is the best I can come up with

Attached Image (click to enlarge)
Click to Enlarge Name: Double D 3.png Size: 190 KB

The main indicator is the Zerolag HMA set to shift 0 and shift 1

The Stochastic cross indicator is set to 5,3,3
Attached File(s)
File Type: ex4 ZeroLag Hull variation.ex4   61 KB | 407 downloads
File Type: mq4 ZeroLag Hull variation.mq4   26 KB | 529 downloads
File Type: ex4 _Stochastic_Cross_Alert_SigOverlayM_cw.ex4   15 KB | 440 downloads
File Type: mq4 _Stochastic_Cross_Alert_SigOverlayM_cw.mq4   6 KB | 504 downloads
Let it turn and find your entry.
  • #79
  • Sep 23, 2021 2:28pm Sep 23, 2021 2:28pm
I really shouldn't have traded today but seeing the Rally in Cable start to tank, I felt I could step in and grab some quick pips.
There was an apparent double top on the 5 brick chart ad I preemptively took an entry on the 2.5 bricks chart but the Bulls were still in control resulting in a loss and emotional breakdown.

I finally shorted again and waited it out as a Double Divergence was forming on the 5 brick chart but I squandered it by booking profit too soon and ending the day with a small loss.

In all I see that with consistently waiting for the right set up on the 2.5 brick chart there should be no losing day and an upward climbing equity curve.
Attached Image (click to enlarge)
Click to Enlarge Name: Double D 11.png Size: 102 KB
Let it turn and find your entry.
  • #80
  • Edited 8:20am Sep 24, 2021 6:36am | Edited 8:20am
Yes squandered
Attached Image (click to enlarge)
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Let it turn and find your entry.
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