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RENKO system with Mihailo!

  • #1,001
  • Dec 20, 2011 3:47am Dec 20, 2011 3:47am
Quoting abc-forex
Perfectly!

Could you please make screenshot on one main chart and with arrow of open and close position (drag and drop your closed deal from history to the chart)
I use igmarkets to place my orders as they have 0.8 pips spread on AUD and EUR

well i got in the euro at 1.3017 as is pushed through the 610 EMA on the 5 minute chart on the 5th attempt. I got 15 pips.

Aud was +10 got in at 99.55.
As usual i look at the 1 minute chart to much after i enter and i probably got out to early, but any way my win loss rate is 95/5 when i line everything up!
  • #1,002
  • Dec 20, 2011 3:59am Dec 20, 2011 3:59am
Quoting Jon618
I use igmarkets to place my orders as they have 0.8 pips spread on AUD and EUR

well i got in the euro at 1.3017 as is pushed through the 610 EMA on the 5 minute chart on the 5th attempt. I got 15 pips.

Aud was +10 got in at 99.55.
As usual i look at the 1 minute chart to much after i enter and i probably got out to early, but any way my win loss rate is 95/5 when i line everything up!

Wow ! You mean your win loss rate is 95/5 ? Great ! I never saw something like this ! Can you show your statements? Thank you
  • #1,003
  • Dec 20, 2011 4:20am Dec 20, 2011 4:20am
Quoting nicfx
Wow ! You mean your win loss rate is 95/5 ? Great ! I never saw something like this ! Can you show your statements? Thank you
dude hahahah i dont use a metatrader broker.
ok i looked over the last month and ive just traded Aussie and eur/usd only.
The average win is around 9 pips i would say, now i know thats not much but i have a phobia of loosing my trade when im up 10 pips or so. the only thing that will cure that is continued consistency in my trading, that is my ultimate goal obviously, but if i just risk 3 % of my account and gain 3% daily on average then i will have a true compounding account.
by the way this has probably been my best month ever, i thank mihailo and norman hallet for inspiring me to keep diciplined
  • #1,004
  • Dec 20, 2011 4:30am Dec 20, 2011 4:30am
Hi all! At first - it is a greatest system! Pleasant to see it! Thanks Mihailo! I had the six trades, and no one is bad! As for me... I will go to Olympus with it! In future... may be...
  • #1,005
  • Dec 20, 2011 4:36am Dec 20, 2011 4:36am
Quoting Jon618
The average win is around 9 pips i would say, now i know thats not much but i have a phobia of loosing my trade when im up 10 pips or so
what is your usual stoploss?
  • #1,006
  • Dec 20, 2011 5:23am Dec 20, 2011 5:23am
Friends! Some HA looks like as a pin bar in price action! What do you think about this? May I to try take it?
  • #1,007
  • Dec 20, 2011 5:35am Dec 20, 2011 5:35am
Quoting abc-forex
what is your usual stoploss?
15 to 20 pips or the nearest fractal, but i get out if i see a reversal pattern on the 5 min chart using trix as the leading indicator of ending momentum, the same is true for my wins
  • #1,008
  • Dec 20, 2011 6:00am Dec 20, 2011 6:00am
Quoting ruten
Hi all! At first - it is a greatest system! Pleasant to see it! Thanks Mihailo! I had the six trades, and no one is bad! As for me... I will go to Olympus with it! In future... may be...
will give us pics with deals.. ok? this is very help to all for more undestanding of system..
  • #1,009
  • Dec 20, 2011 6:03am Dec 20, 2011 6:03am
Quoting Jon618
15 to 20 pips or the nearest fractal, but i get out if i see a reversal pattern on the 5 min chart using trix as the leading indicator of ending momentum, the same is true for my wins
Do you use classic rules of Trix from classic THV on 5m chart as additional confirmation?
  • #1,010
  • Dec 20, 2011 6:06am Dec 20, 2011 6:06am
my deal on EURUSD today is +46 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-20 16-00 EUR BUY CL+46 www.abc-forex.ru.PNG Size: 40 KB
  • #1,011
  • Dec 20, 2011 6:29am Dec 20, 2011 6:29am
Quoting abc-forex
my deal on EURUSD today is +46 pips
Poshcom
  • #1,012
  • Dec 20, 2011 6:37am Dec 20, 2011 6:37am
Quoting FelixFX
Hello Felix. Thank you. Why you are not demonstrate your trades? I think this will be very usefull for all.. (for me espacially because you are not newbie and I rate your words highly)
  • #1,013
  • Dec 20, 2011 6:52am Dec 20, 2011 6:52am
Quoting abc-forex
Hello Felix. Thank you. Why you are not demonstrate your trades? I think this will be very usefull for all.. (for me espacially because you are not newbie and I rate your words highly)
sry me Im trading another system at the moment. but looking this thread every day. keep on good work
Poshcom
  • #1,014
  • Dec 20, 2011 11:38am Dec 20, 2011 11:38am
as for me, the stop loss need to put below the local pin bar (to long deal). What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: sl.gif Size: 35 KB
  • #1,015
  • Dec 20, 2011 1:50pm Dec 20, 2011 1:50pm
Hi Ruten,

What settings do you have on your indicators:
- Osma & Macd
- Money Flow Index
- FIM
- Stochastic
- CCI
- EasyRiderSignals

I am asking, because that chart (indicators matching) looks different then mine.

Thanks a lot!
  • #1,016
  • Dec 20, 2011 2:06pm Dec 20, 2011 2:06pm
Quoting Simbad
Hi Ruten,

What settings do you have on your indicators:
- Osma & Macd
- Money Flow Index
- FIM
- Stochastic
- CCI
- EasyRiderSignals

I am asking, because that chart (indicators matching) looks different then mine.

Thanks a lot!
Hi Simbad!
our indicators looks are different, because we are using a different brokers! (On my opinion). I give you the template of this chart
Attached File(s)
File Type: tpl 5!_5 digits.tpl   81 KB | 513 downloads
  • #1,017
  • Dec 20, 2011 2:11pm Dec 20, 2011 2:11pm
may have been right to publish not only successful but also errors so we can more quickly achieve positive results, all
  • #1,018
  • Dec 20, 2011 2:41pm Dec 20, 2011 2:41pm
Quoting ruten
Hi Simbad!
our indicators looks are different, because we are using a different brokers! (On my opinion). I give you the template of this chart
Thanks Ruten. Indeed... seems that difference comes from broker. I suspect that too, but wish to be sure

Thanks. Regards.
  • #1,019
  • Dec 20, 2011 4:18pm Dec 20, 2011 4:18pm
Quoting abc-forex
Do you use classic rules of Trix from classic THV on 5m chart as additional confirmation?
Im not that familar with the classic THV rules.
I use things like basic support resistance and wave theory but use the Trix on 5 as the leading confirmation. when the trix crosses near the zero line and/or there is divergence or just a cross all together seem to be powerfull when lined up with renko PA and trix and finally confirming with the 1 minute chart.
Hey abc man you seem to be getting some massive pips on your trades.
what is you success rate? are you exiting on the trix cross on the renko chart?
  • #1,020
  • Dec 20, 2011 5:33pm Dec 20, 2011 5:33pm
Quoting Simbad
Hi Mihailo,

Where we can set parameter for Market hours? Which indicators is that (in the list). On your previous set of indicators (and profiles) there was clearly visible indicator named "Market hours". Now, I don't see it anymore (please, see attach), so I suppose you merge it with some other one. But, can't find which one.
I have to set right time on it.

Thanks a lot.
It disappears somehow from your setup...
Just add it to the charts and everything will be settled if we are the same time zone.
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