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Renko SFS 2013 - A live test

  • #21
  • Jan 9, 2013 12:37pm Jan 9, 2013 12:37pm
Yes, nice simple test. You are setting 1bar plus spread as SL and 1 bar plus spread for TP. you will only make money if the system "wins" more often than it "loses". Do you think this is the case? What evidence do you have for this?

A very interesting experiment though and maybe can be written into a EA at some time.

I agree with your premise to trade price action only.

John
  • #22
  • Jan 9, 2013 1:01pm Jan 9, 2013 1:01pm
Quoting YassJohn
Yes, nice simple test. You are setting 1bar plus spread as SL and 1 bar plus spread for TP. you will only make money if the system "wins" more often than it "loses". Do you think this is the case? What evidence do you have for this?

A very interesting experiment though and maybe can be written into a EA at some time.

I agree with your premise to trade price action only.

John
Good day to you, John

It is about probability and money management. I have not made a single pip so far. I'm down 27 pips so far. Winning rate @ 53.3%. I have however checked back almost 12 months prior to me starting this - and 1st time signals work around 70 -80%. The problem is the 18 pip wins vs the 42 pip losses. Even at a 75% winning rate for 1st time signals - the RR ratio puts me into a loss overall.

Therefor the scaling. Probability and money management.

I will obviously not be around to trade every single signal - but once I start a sequence - I need to trade it through. You are right - I'm doing this on a little live account to see if I can trade the signals without thinking too much. Then a possible EA could do the same.

Thank you for your interest.

Regards
  • #23
  • Jan 10, 2013 4:51am Jan 10, 2013 4:51am
Previous short failed. Took long now with 12 lots ( micro) SL 1.3078 TP 1.3120
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  • #24
  • Jan 10, 2013 5:01am Jan 10, 2013 5:01am
Quoting TauTrader
Previous short failed. Took long now with 12 lots ( micro) SL 1.3078 TP 1.3120
Apology - SL should be 1.3058
  • #25
  • Jan 10, 2013 7:09am Jan 10, 2013 7:09am
Closed. We reset again to 3 lots on the next signal.

Regards
  • #26
  • Jan 10, 2013 7:21am Jan 10, 2013 7:21am
Took a long on an alternative signal. 2 failures already. Starting with 3 lots (micro).

TP- 1.3140.SL 1.3078

I'm not sticking to the rules - bad boy. Similar signals however. Now have to stay with this set and trade through.. This entry should have been at 50 lots (micro).

Regards
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  • #27
  • Jan 10, 2013 7:44am Jan 10, 2013 7:44am
Quoting TauTrader
Took a long on an alternative signal. 2 failures already. Starting with 3 lots (micro).

TP- 1.3140.SL 1.3078

I'm not sticking to the rules - bad boy. Similar signals however. Now have to stay with this set and trade through.. This entry should have been at 50 lots (micro).

Regards
Closed.

Reset next trade to 3 lots

Regards
  • #28
  • Jan 12, 2013 10:56am Jan 12, 2013 10:56am
Hi,
went tru all your earlier post and the strategy itself.......uhmmmmmmm I would say,trading using Renko can be profiatble if traded right. i guess with your strategy u'll have more fakeys which woul ultimately cos more draw down. personally i use the trend break of any 3 same colour box after a retrace. dat way i get to ride the breakouts and with less fake breaks.... As can be seen in the attached pix...GU trades which i took -arrow positions. I guess this should help
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It takes the Mind to Make Money.............
  • #29
  • Jan 12, 2013 5:48pm Jan 12, 2013 5:48pm
Hello TauTrader,

As soon as your stop is hit do you enter in the opposite direction ? I am asking because for a month or two I was trying to do something very similar not with renko but pnf charts.The bad R:R is what is killing me right now, hope everything is going fine for you though.
  • #30
  • Jan 16, 2013 7:21am Jan 16, 2013 7:21am
Good day,

Last week Thursday was a total disaster...

I did not follow any of the rules. I met up with an old friend at my house. Too much booze - a coin toss, a dare and then some entries. Account killed.

I'm very ashamed as to what I have done... the market had the last word. I totally screwed up the whole test. Did not follow any of the rules. Drunk and clever. My sincere apology to all. Wasted your time and mine. F*cked this up completely. One good thing - test account only.

But could have applied the funds in a much better way. ( By giving to someone really in need)

So - i'm manually trading the bit that is left to see if I can at least recover some...

The test thus set aside until I have sorted this out.

This was in no way a reflection on my trading capability. I screwed this up in totality.

Again - my apology to all. This will remain as a reminder...

Regards

TT
  • #31
  • Jan 16, 2013 11:33am Jan 16, 2013 11:33am
Quoting starlimit03
Hi,
went tru all your earlier post and the strategy itself.......uhmmmmmmm I would say,trading using Renko can be profiatble if traded right. i guess with your strategy u'll have more fakeys which woul ultimately cos more draw down. personally i use the trend break of any 3 same colour box after a retrace. dat way i get to ride the breakouts and with less fake breaks.... As can be seen in the attached pix...GU trades which i took -arrow positions. I guess this should help
Sir,

Thank you for your post. Consolidation or ranging market will be the money maker.

You have a nice strategy going there.

All success

Regards
  • #32
  • Last Post: Jan 25, 2013 10:29am Jan 25, 2013 10:29am
Good day,

Will return to the test once I have fixed the fuckup..

Regards
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