Renko Trading For Gamers (RTFG)
Could you describe what you mean by a conservative and a not conservative martingale method? Cause I always thought that martingale just means doubling lots in case of a wrong entry, there is not much space for variation. So pls give an example.
Ok, EY is in a strong downtrend, but I will open a small lot up just to see how I martingale my way out of it. 1 minilot long @126.21, TP 30-50 pips.
I think 1 lot doubled after each loss would get your account into trouble pretty quickly, very aggressive, but doubling up from .1 lot less so but depending on the account size. Think I've read of someone not really doubling up but adding .1 lot sized after each loss instead doubling, but guess this may not really be considered a true martingale method.
I trade the trend, and only if it reverses before I get a little profit, I do it because I trust my signals and hate Stop Losses just a little more than Martingale. well, you gave me an idea, maybe use those dots as trailing stop? Will see into that.
I see what you mean. Well, I double lots because adding little increments will mean your BE will every turn go further and further away very quickly.
My rule is, the size of account should be AT LEAST 2000 times bigger than the price of 1 pip. So with 10000 USD you can't start with a lot more that 50K (0.5 in MT, and I'd rather go 0.3). Then you can martingale pretty safely if you know how to do it. That is what I'd call conservative. And also, most importantly - I do not plan to martingale when I open a position
Yeah, as Petar knows I look at and test a lot of indis on renko charts, think I can reconstruct most templates without being told whats being used.
The black lines a hi-low indi of some kind, and the red lines BB or guppy?
Look i work on long term renko trade and found best setup for long term,look at the chart below and tell me what you think ?
I'll give it a shot Petar, let me know if I get any entry or exits wrong.
1st trade:
Go long here where 15EMA crossed above lower 50EMA line, HA is...
Correct my friend,
Also you must have minimum one candle finished with no weak below lower 50 EMA for sell or above EMA 50 High,15 EMA must corss one of 50 EMAS also you trade only on direction of trend.
Just noticed that setup may only give you one good trade per pair/cross a day if market is trending well. Have you decided which ones you want to test it on yet?
Of course the better they trend the better the setup should work on them.
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TODAY'S BIGGEST PERCENTAGE MOVERS were:
NZD/JPY -99 pips -1.54%
AUD/JPY -110 pips -1.35%
GBP/JPY -192 pips -1.31%
According to Kathy Lien.
waiting to hit my second target ...I think GBPUSD and EURUSD can works good with this setup but you can try on others i dont have time to test on others,maybe eurjpy or gbpjpy,you can try 
you're welcome
