EDIT, - I do not use this STR by myself
Hi guys, I want to show simple sistem using renko bars and stochastich ocsilator. I actually used to use this on simple candle chart on 4H time frame, but when I found renko bars I went over to them and I think it gives much more accurate signals. Anyway there is no holy grail and this system is not either but it can be used with great sucses.Please test it on demo before you get familiar with everithing, even tho it is very simple to use. Actually I only begun to use this on renko so it is not tested on long period of time or something. So every intput with positive point of view is welcome.
EUR/USD, AUD/USD pair (seems to give least false signals)
renko box 25 points
ema 50
ema 10
stoch 5.3.3
My rules
Trades filter
Sell only when ema 10 is below ema 50
Buy only when ema 10 is below ema 50
when stochastic blue line goes from up to down and cross the 45 line enter short
when stochastic blue line goes from below up and cross the 55 line enter long
Trading on 4h time frame on candle chart I used to use sl 90 and tp 60, as you see risk reward is not very good but thats what I used on 4h TF.
but on renko it can easily be same SL and TP of 60 pips
You can test self and see what suits you best.
another option
use multi trade manager EA,- move stop loss after 30 pips in profit with few pips locking in profit, and use jumping stop every 30 pips. It can save sometimes from lossing trades(or let not to run into wining ones), in this case you should use much bigger TP and get into bigger moves(if price do not retrases to much) I thing a good trade management can increase profitability significantly.
On the screen chot you can see latest posible entries on eur/usd chart, with only one loss and eleven wins. But don`t forget this period was very trending and gave good signals, so do not ecspect same results all over the time
Good luck
Hi guys, I want to show simple sistem using renko bars and stochastich ocsilator. I actually used to use this on simple candle chart on 4H time frame, but when I found renko bars I went over to them and I think it gives much more accurate signals. Anyway there is no holy grail and this system is not either but it can be used with great sucses.Please test it on demo before you get familiar with everithing, even tho it is very simple to use. Actually I only begun to use this on renko so it is not tested on long period of time or something. So every intput with positive point of view is welcome.
EUR/USD, AUD/USD pair (seems to give least false signals)
renko box 25 points
ema 50
ema 10
stoch 5.3.3
My rules
Trades filter
Sell only when ema 10 is below ema 50
Buy only when ema 10 is below ema 50
when stochastic blue line goes from up to down and cross the 45 line enter short
when stochastic blue line goes from below up and cross the 55 line enter long
Trading on 4h time frame on candle chart I used to use sl 90 and tp 60, as you see risk reward is not very good but thats what I used on 4h TF.
but on renko it can easily be same SL and TP of 60 pips
You can test self and see what suits you best.
another option
use multi trade manager EA,- move stop loss after 30 pips in profit with few pips locking in profit, and use jumping stop every 30 pips. It can save sometimes from lossing trades(or let not to run into wining ones), in this case you should use much bigger TP and get into bigger moves(if price do not retrases to much) I thing a good trade management can increase profitability significantly.
On the screen chot you can see latest posible entries on eur/usd chart, with only one loss and eleven wins. But don`t forget this period was very trending and gave good signals, so do not ecspect same results all over the time
Good luck
