DislikedAgreed. #YMM9, #FFIM9 & EPM9 are on FXPro's MetaTrader. They stand for Dow (e-mini), FT100 and S&P500 (emini).
I honestly believe that if the system was traded via Interactive Brokers or another with a 1 tick spread then a fortune could be made but it's still early days. I'm struggling to find an instrument where this system doesn't work...I'm truly amazed!
P.S. Up 12% on my account even though I missed practically all of the 6-8am downtrend!Ignored
Again, apologies for yesterday.
The mini futures is precisely what I was trying to lead to with my depicting the Renko charts I currently utilize with my broker.
As most are aware, the 5m trading concept is designed to pick up pieces of a dominant trend that presents itself relatively frequesntly within the various currency pairs associated to the Forex.
Futures trading differs in that the PA is more of a range bound variety that has mini-trends develop all day long. As 'Notch' has noted, the ES (mini S&P) and the YM (mini Dow) are very good trading vehicles that exhibit these characteristics.
As I myself focus my own efforts on the mini Dow at $5 per tic (5 tic blocks), I will take one more stab at providing an alternative trading source. Bear in mind that I do not have the code for either Paul or Anne's indi's available at this time as they would need to be written in 'easy language' format before I could implement such. Therefore, I am forced to substitute those of my own chosing in the interim.
However, 'Notch' is clearly showing the capability of his brokerage to implement the indi's into such and, as he has stated, is getting solid results.
So, enough blah, blah. I think the Renko charts are excellent for eliminating considerable amounts of noise. Further, Renko charts are not TZF sensitive as they are 100% PA based. The only decision needed from a traders point of view is which size block to use? Is it a 5 tic box, 10 tic, 3 tic? Does not matter other than what visually appeals to you.
I have read previously within the thread about elimination of candlestick sensitivity. This is one method to do so and provides a bit of clarity to a trader when watching PA.
So, the question I have to any furures traders is; "Can you smooth out you PA via any other chart PA tool? I have already run performance reports based on the same setup utilized to trade with line, candlestick and Renko capabilities. RENKO IS VASTLY SUPERIOR in these findings.
Here is a simply screen shot of the Renko v. Candlestick v. Line chating observations. This is not to say that we cannot work to get better trading performance from a MT4 perspective as it is a dominant platform base.
I will provide some MT4 info in a bit. I just want to provide Paul and Anne a possible design and coding challenge for a bit of a change.
Again, I am not in any manner demeaning the work currently in progress. I simply think with can grow this thing expeditiously to a point where all one needs to do is simply take each trade as presented.
Regards.
Attached Image(s) (click to enlarge)
