I have started testing a strategy I thought of here: http://www.forexfactory.com/showthread.php?t=290639, on demo accounts at several different low-spread brokers from Forex Factory's preferred brokers page. The charts are roughly the same but there are differences in profits because of different spreads at different brokers. The data below is from the most profitable account with 1 pip fixed spread.
Currency pair EURUSD
Renko bar size 5 pips
I use 2,2,3,2 Heiken Ashi smoothed settings instead of the default 2,6,3,2.
Day 1
Monday 02.05.2011
Total Trades: 31
Profit Trades (% of total): 12 (38.71%)
Net Profit in pips: 39.8
AVG win (pips): 12.93
AVG loss (pips + spread): -6.07
Average consecutive wins: 2
Average consecutive losses: 3
Currency pair EURUSD
Renko bar size 5 pips
I use 2,2,3,2 Heiken Ashi smoothed settings instead of the default 2,6,3,2.
Day 1
Monday 02.05.2011
Total Trades: 31
Profit Trades (% of total): 12 (38.71%)
Net Profit in pips: 39.8
AVG win (pips): 12.93
AVG loss (pips + spread): -6.07
Average consecutive wins: 2
Average consecutive losses: 3