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Renko Trading Discussion

  • #1,981
  • Oct 5, 2022 12:47pm Oct 5, 2022 12:47pm
Currently have a running position on XAU. Looking for it to fill HTF imbalances further up.
Holding, will update.
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"What if I told you that this isn't the real life..."
  • #1,982
  • Oct 5, 2022 12:48pm Oct 5, 2022 12:48pm
Quoting paradiselee
US30 - I caught the whole move up by paying attention to regular bar chart on the 1H, 30M, 5M and reading price action (along with order blocks and liquidity zones) in combination with following structure on the Renko Chart. Best move I've caught so far using this method I've been practicing. Had one loss at the bottom before the move up. Held this for 4 hours. {image} {image}
Very cool! What's the indicator you use that shows all your wins and losses on the chart? I'd like to use it for looking back at my winning and losing trades.
  • #1,983
  • Oct 5, 2022 12:56pm Oct 5, 2022 12:56pm
Quoting TransparentT
{quote} Very cool! What's the indicator you use that shows all your wins and losses on the chart? I'd like to use it for looking back at my winning and losing trades.
Here you go.
It's a nice one. You can turn it on and off with a hotkey. And change it to show trades in points or money.
Attached File(s)
File Type: ex4 ShowTrades.ex4   87 KB | 286 downloads
"What if I told you that this isn't the real life..."
  • #1,984
  • Oct 5, 2022 2:11pm Oct 5, 2022 2:11pm
Gold Update:
Currently sitting at res, want to wait and see if it breaks or comes and hit my trailing stop and Ill be done for the day.
I'm mentally exhausted managing these positions.
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"What if I told you that this isn't the real life..."
  • #1,985
  • Oct 10, 2022 4:44am Oct 10, 2022 4:44am
DAX long +39 pips, 20 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,986
  • Edited 12:19pm Oct 11, 2022 12:04pm | Edited 12:19pm
GU. +99pips floating. / 2.5 pip bricks

Currently holding position. Nice rejection from 4H support. Got in at daily FVG tap. Looking for tp at 4H FVG fill.
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"What if I told you that this isn't the real life..."
  • #1,987
  • Oct 11, 2022 12:05pm Oct 11, 2022 12:05pm
Quoting Davidh061
DAX long +39 pips, 20 pip bricks: {image} {image}
Nice bro. You only trade DAX?
"What if I told you that this isn't the real life..."
  • #1,988
  • Oct 11, 2022 3:30pm Oct 11, 2022 3:30pm
Quoting paradiselee
{quote} Nice bro. You only trade DAX?
Hi Paradiselee, DAX only these days, I have traded most of the forex pairs in the past but not using Renko, I occasionally trade US30 also. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,989
  • Oct 13, 2022 3:25am Oct 13, 2022 3:25am
Quoting paradiselee
{quote} Nice bro. You only trade DAX?
DAX in a tight (for the DAX) sideways move - if this continues I might have to look at the GU again - please move!!
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,990
  • Oct 14, 2022 2:57am Oct 14, 2022 2:57am
DAX short +61 pips, 20 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,991
  • Oct 14, 2022 8:04am Oct 14, 2022 8:04am
A quickie on the DAX for +32 pips long, I should have let it run really for at least +60, but that will do, have a good weekend everyone!
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,992
  • Oct 14, 2022 10:25am Oct 14, 2022 10:25am
GBP/USD
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!! Radha Radha !!
  • #1,993
  • Oct 16, 2022 2:19pm Oct 16, 2022 2:19pm
As they are group, these are the results of the EA that I am testing, in fact there are two EAs, one for purchases and one for sales.

Although at first I was testing it on a Demo account to see how it worked, I decided to try it on a Real account where I only had 25 dollars left. The EA let it work an hour before the London session starts on the EUR/USD pair and tried to look for only 3 to 4 dollars per session. So far it has worked great and I hope to finish the month with the initial balance of the account.

Cheers
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  • #1,994
  • Oct 17, 2022 1:30am Oct 17, 2022 1:30am
Quoting JaimeAlejan
As they are group, these are the results of the EA that I am testing, in fact there are two EAs, one for purchases and one for sales. Although at first I was testing it on a Demo account to see how it worked, I decided to try it on a Real account where I only had 25 dollars left. The EA let it work an hour before the London session starts on the EUR/USD pair and tried to look for only 3 to 4 dollars per session. So far it has worked great and I hope to finish the month with the initial balance of the account. Cheers {image} {image} {image} {image}...
Hi JaimeA, I'm glad it is working for you, but please don't blow your last 25 dollars! Personally I would be very nervous trying to trade with such a small account but if the EA is working for you then all is good! Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,995
  • Oct 17, 2022 11:05am Oct 17, 2022 11:05am
Quoting Davidh061
{quote} Hi JaimeA, I'm glad it is working for you, but please don't blow your last 25 dollars! Personally I would be very nervous trying to trade with such a small account but if the EA is working for you then all is good! Cheers, Dave
Hello Dave, I know that 25 dollars is very little capital to operate but since it is money that I had practically given up on.

I was doing the EA tests on demo accounts from 1000 to 5000 dollars, but since I had those 25 in the broker I decided to make a configuration to see if it worked and since October 4 I already recovered 50% of the initial capital that was $102.81 Dollars.

The idea is not to get rich overnight but to get consistent results without psychology playing against me.

These are my highlights from today. little but constant
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  • #1,996
  • Oct 18, 2022 5:10am Oct 18, 2022 5:10am
Hi,

I was having issue with time limitation with the renko EA. The time limit was set to 7 and 21, but regardless of that trade was opened in off time. Does somebody else having the same issue?
  • #1,997
  • Oct 21, 2022 2:33am Oct 21, 2022 2:33am
DAX long +18 pips, 20 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,998
  • Oct 25, 2022 3:47am Oct 25, 2022 3:47am
DAX short +20 pips, 20 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,999
  • Oct 27, 2022 6:10am Oct 27, 2022 6:10am
DAX short, +20 pips locked, 20 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,000
  • Oct 27, 2022 7:05am Oct 27, 2022 7:05am
So slow today, closed short for +31 pips due to complete lack of patience! Afternoon session could be interesting after EU and US figures, 20 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
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