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50 pips candle system

  • Post #181
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  • Edited 11:13am Nov 17, 2009 11:09am | Edited 11:13am
Quoting DanPa
..... or how do you do those line in charts...
thx
Here's the solution.
Attached Image
Quoting DanPa
please, can you specify which broker you use? or how do you do those line in charts...
thx
My broker is RTFX.com, very easy to draw those lines with this broker.
Quoting zebulon
example : i 'm now in a range, i'm short, i have sold at 1,6750 (the price to buy would have been 1,6754 for me). My TP is 1,6700 (the price needs 54 pips less to hit my TP) and my SL is 1,6800, so i will win 50 pips or i will loose 50 pips.

If the price climbs up , i will buy at 1,6800 with a SL at 1,6750
hi zebulon, first of all thanks to post this system, i think that it's great

i've a cuestion about the buy orders. i understand the manage of the spread when you sell but when you're buying if you open the trade at 1,6754 then you must put your TP at 1,6804 and your SL at 1,6704 or not?
Quoting Heral
hi zebulon, first of all thanks to post this system, i think that it's great

i've a cuestion about the buy orders. i understand the manage of the spread when you sell but when you're buying if you open the trade at 1,6754 then you must put your TP at 1,6804 and your SL at 1,6704 or not?
No, i buy at round numbers and sell at round numbers :
now i'm long, i have bought at 1,6800 playing the range, the TP= 1,6850 and TP=1,6750.
To play the range, i have a selling order at 1,6850 with TP= 1,6800 and SL = 1,6900.

But i have also a buying order at 1,6900 because if the price hit that level, i will have 2 previous green candles. I have just put a SL (pending order) at 1,6850, no TP because in this case i play the trend and let the price climbing up, and adjust the SL...
oks, thanks for your answer
i have the same trades
Hi, 8 candles since the beginning of the week.
November = 100 pips
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I have counted your excel table in post 97 and my result for month of january is 2250 pips. How you have counted them 3500.
Hi

The results for this method so so so so so so much depends on where you start the flow...

You will get very different results if you start counting weekly or monthly or even if you start from say July and continue the flow till now..
because even if you start 1 candle late your whole sequence of GRGRGR..changes.

So according to me you need to find where is the best to start as per your testing..but overall I think this method is profitable.whichever way you go (amount of pips will be different though).




Quoting Fxicb
I have counted your excel table in post 97 and my result for month of january is 2250 pips. How you have counted them 3500.
Quoting Aggs
Hi

The results for this method so so so so so so much depends on where you start the flow...

You will get very different results if you start counting weekly or monthly or even if you start from say July and continue the flow till now..
because even if you start 1 candle late your whole sequence of GRGRGR..changes.

So according to me you need to find where is the best to start as per your testing..but overall I think this method is profitable.whichever way you go (amount of pips will be different though).
When you say :"if you start 1 candle late your whole sequence of GRGRGR..changes." I don't think so.

Only the 3 first candles of the period would be different if you start at different moments. I personnally start at each month.
So now the results for the month of november is 50 pips if I am still following the system correctly...I am short 1.6750....thx
hello zebulon.. cool system.. from your experience, how many loosing streaks have u encountered? (just a rough figure) n what type of MM r u using.. thanks..
Quoting maximus2005
So now the results for the month of november is 50 pips if I am still following the system correctly...I am short 1.6750....thx
Yes, i have the same.
November is not very great with us at the moment
another 50 pips for this month .....great it work very good thanks a lot for the system....great system...

i made short at 1.6700 and the t.p 1.6650 and i mad it great guys ...

good luck for every one ...hahahahahahahahah iam happyhttp://cdn.forexfactory.com/images/icons/icon10.gifhttp://cdn.forexfactory.com/images/icons/icon12.gif
november updated = 100 pips
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Now long from 1.6650, is this correct?
Regards
Quoting howard
Now long from 1.6650, is this correct?
yes i have long too
I don't know but I am still short from 1.6750 with the trend stop at 1.6700???
Quoting maximus2005
I don't know but I am still short from 1.6750 with the trend stop at 1.6700???
i was short from 1.6750, and when the price went to 1,6650 i put my stop at 1.6700 but it was touched later, forming a green bar.
Then there was a red bar and i'm long playing the range.

But if you're short with a SL at 1,6700 it's not bad ! who knows where the price will go ??
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Je voulais prendre le temps de te remercier en français car je crois que tu parles français!!!Merci pour ce système Zébulon!!! Maximus
I find a better Renko, this is an EA and work fine.
Putting it on expert folder restart MT4, run it, set the renko pips and open M2 offline.

Lubo.
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Attached File(s)
File Type: mq4 RenkoLiveChart_v3.2.mq4   14 KB | 534 downloads
If I know how, I tell You!! Few but Good!!
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