Hello all
Over the past few months I have been working on developing my own system for trading FOREX. For a number of years I tried new systems and found that some were good and suited my style of trading. A few months ago I decided to take the bits and pieces from various systems, and this forum, that worked for me and created my own system that I now use to trade.
My system is called the HAMA Renko System. My system is based on 5 pip renko bricks and 2 indicators only: HAMA and BB MACD 12, 26, 10. I want a system that is simple with limited indicators, easy to follow and mechanical.
When I get time I will post my trading plan and the indicators and template that I use. My trading plan includes R:R, the set-up criteria and the exit criteria. Please note that I have spent countless hours reading and training in the field of discipline, mindset and money management which goes hand-in-hand with following any trading plan.
I have back tested and forward tested this system on EUR/USD, GPB/USD, AUD/USD, USD/CAD and USD/CHF. The results overall are very encouraging.
I would like to share it with others in the hope that it suits someone else's trading needs out there too.
Please don't get me wrong, I encourage people to test this out and use it to the best of their ability. What I am hoping doesn't happen is people suggesting drastic changes which then completely changes the system all together. This system works, with proper MM, and therefore I hope the thread can stay on track.
Thank you to Peter Fratelli and Mihailo for inspiring me to share my system with you all - I am an avid follower of your thread good Sirs!
More to follow in the next couple of days.
Happy trading,
Kirk26.
Over the past few months I have been working on developing my own system for trading FOREX. For a number of years I tried new systems and found that some were good and suited my style of trading. A few months ago I decided to take the bits and pieces from various systems, and this forum, that worked for me and created my own system that I now use to trade.
My system is called the HAMA Renko System. My system is based on 5 pip renko bricks and 2 indicators only: HAMA and BB MACD 12, 26, 10. I want a system that is simple with limited indicators, easy to follow and mechanical.
When I get time I will post my trading plan and the indicators and template that I use. My trading plan includes R:R, the set-up criteria and the exit criteria. Please note that I have spent countless hours reading and training in the field of discipline, mindset and money management which goes hand-in-hand with following any trading plan.
I have back tested and forward tested this system on EUR/USD, GPB/USD, AUD/USD, USD/CAD and USD/CHF. The results overall are very encouraging.
I would like to share it with others in the hope that it suits someone else's trading needs out there too.
Please don't get me wrong, I encourage people to test this out and use it to the best of their ability. What I am hoping doesn't happen is people suggesting drastic changes which then completely changes the system all together. This system works, with proper MM, and therefore I hope the thread can stay on track.
Thank you to Peter Fratelli and Mihailo for inspiring me to share my system with you all - I am an avid follower of your thread good Sirs!
More to follow in the next couple of days.
Happy trading,
Kirk26.
