I doubt if anybody still trades this system not even zebulon, i guess.....
I can`t garuanty I will do that, due to I can be very busy sometimes.when I will be able I will do that. Anyway if you have rules corect it is very easy. You can set pending orders and you will not miss anything. Good luck. We will be on one side of the trades either wining or losing
Have you tested this system across pairs? Any other pair that you've had luck with?
I am curious, why did you come up with 100 pip bars, instead of 50? I have checked the charts, and by my experience 100 pips seem to remove many false signals, but how about profitability, what are your experience?
Also, why did you choose SMA 1000 on TF15?
In my opinion, I feel that RR and GG patterns are a bit safer than RRG or GGR, or what do you think?
Cheers!
Hi Saintsurfer,
Have you tested this system across pairs? Any other pair that you've had luck with?
I am curious, why did you come up with 100 pip bars, instead of 50? I have checked the charts, and by my experience 100 pips seem to remove many false signals, but how about profitability, what are your experience?
Also, why did you choose SMA 1000 on TF15?
In my opinion, I feel that RR and GG patterns are a bit safer than RRG or GGR, or what do you think?
Cheers!
I hope you understand that this system is dependent on price movement not time. But if you swith to higher time frame same 1000 sma will become double so stronger while you still see same paterns. On 30 min chart you chould use 500 sma to see same relationchip between paterns and sma.
And sure RG GR is more dangerous due to negative risk reward ratio but it has a little better persentage exspextansy. So in general they are very similar in results, but they work on diferent conditions.
hope you find anything helpful
High everybody !
For this system, you need 2 indicators : a pen and some paper.
I trade only GBP/USD because usually, there are big movements.
Each time the price move 50 pips up, i draw a green candle.
Each time the price move 50 pips down, i draw a red candle.
As Renko, this system does not take care about time, a candle is drawn when 50 pips are done whatever the time to reach it.
This is good to eliminate the noise.
This system is good in trend and in range.
Zedbulon,
Can you clarify the SL movement that you follow?
Looking in my chart when price crosses below red box-A we enter short with SL1 at -50 pips. When price crosses below red box-B we move to SL2 (breakeven). When price crosses below C you could:
a) Move to SL3 (50 pips profit) and your trade stops with the next blue box
b) Take profit at TP=100 pips profit but you miss a probable move lower as often happens.
Which option would you use?
Kostas
did you have any success ? We are in march.