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More simple is impossible

  • #481
  • Dec 16, 2014 3:50pm Dec 16, 2014 3:50pm
Quoting montego
{quote} Thanks Mr Ma, but what do you think of the spread, as I have only ever had one broker, im trading live on mini lots, does this look expensive or ok ? cheers
Hi Jon

Got here eventually, not sure what standard you're at with your trading but its crucial if you're daytrading lower timeframes to have as low a spread as possible. FXCM are offering some very low spreads at the moment plus some great free training webinars. They run 3 or 4 live webinars on trading every day and have regular answer and question sessions throughout the day... Also have a complete video training course on demand 24/7 as you need them.

So if you want low spreads and a bit of totally free awesome training then try them. Open a demo account first and try them out first including their free training etc..

Well worth a look my friend...

Oh by the way they also offer a spread betting platform which means if you're a UK resident also Tax Free profits...
Feel the Fear and do it anyway!!!
  • #482
  • Dec 17, 2014 8:30am Dec 17, 2014 8:30am
Quoting clivepackham
{quote} Hi Jon Got here eventually, not sure what standard you're at with your trading but its crucial if you're daytrading lower timeframes to have as low a spread as possible. FXCM are offering some very low spreads at the moment plus some great free training webinars. They run 3 or 4 live webinars on trading every day and have regular answer and question sessions throughout the day... Also have a complete video training course on demand 24/7 as you need them. So if you want low spreads and a bit of totally free awesome training then try them....
Cheers Clive that's great advise
  • #483
  • Dec 18, 2014 10:09am Dec 18, 2014 10:09am
EU +2 +20 +2 +45. Sorry I have not responded to questions, I have been laid up in bed with a virus, I would have preferred a blonde but at my age any thing in my bed will do.

Easy day, just followed the trend from the 10 pip chart, the 2 pip stop outs and subsequent re enter are a pain, but it hurts a lot less than a loss. Funny how the 123 entries ran the distance today but not the earlier entries.
I almost took the CT entry from the bounce off the BRN but I resisted even though there was a 123 confirmation of the reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +2 +20 +2 +45 181214.png Size: 59 KB
Cut your Losers short and let your Winners run.
  • #484
  • Dec 18, 2014 12:20pm Dec 18, 2014 12:20pm
Quoting dee50
EU +2 +20 +2 +45. Sorry I have not responded to questions, I have been laid up in bed with a virus, I would have preferred a blonde but at my age any thing in my bed will do. Easy day, just followed the trend from the 10 pip chart, the 2 pip stop outs and subsequent re enter are a pain, but it hurts a lot less than a loss. Funny how the 123 entries ran the distance today but not the earlier entries. I almost took the CT entry from the bounce off the BRN but I resisted even though there was a 123 confirmation of the reversal. {image}
As long as you weren't laid up in a bed with a blonde who has a virus then all is well. Good trades !
  • #485
  • Dec 18, 2014 1:29pm Dec 18, 2014 1:29pm
Quoting freundr
{quote} As long as you weren't laid up in a bed with a blonde who has a virus then all is well. Good trades !
Cut your Losers short and let your Winners run.
  • #486
  • Dec 19, 2014 4:10am Dec 19, 2014 4:10am
Interesting thread. I've just tried applied renko EA on Monthly timeframe and open an offline M2 chart.. very interesting!
comment?
Attached Image (click to enlarge)
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  • #487
  • Dec 19, 2014 4:12am Dec 19, 2014 4:12am
another chart (AUDUSD)
Attached Image (click to enlarge)
Click to Enlarge Name: renko - AUDUSDM2.png Size: 26 KB
  • #488
  • Dec 19, 2014 4:14am Dec 19, 2014 4:14am
one more (XAUUSD)
Attached Image (click to enlarge)
Click to Enlarge Name: renko - SPT_GLDM2.png Size: 27 KB
  • #489
  • Dec 19, 2014 5:12am Dec 19, 2014 5:12am
Quoting liu
one more (XAUUSD) {image}
I give you a hint look at the date on the bottom and look how long it takes to create one bar....

You should apply the renko bar on a 1 min tf...
  • #490
  • Dec 19, 2014 1:58pm Dec 19, 2014 1:58pm
What spread indi. you are talking about in #476 and #477?
I looked in the file box but could not identify any indi. with "spread" in it's name. Pls. give me a hint.

Thanks!
  • #491
  • Dec 19, 2014 3:02pm Dec 19, 2014 3:02pm
Hi Jaquemate what time is the best time of day or night to trade this system, i am in England so I believe your an hour in front, and what are you favourite pairs? many thanks Jon
Quoting Jaquemate
Hi everyone: In response to some PM i go to show again the 3 steps simple for to trade doing the same im doing. DAILY ANALISIS: 1. Go to BIG PICTURE to identify main trend. I take how reference a simple 21 EMA in a Daily Chart. Its only define the profit scale. If you use a weekly chart then scale is more bit yet. 2. Go to H1 chart to look what Price is doing now. 3. If daily trend is agree with main trend then go to renko chart and look to take low risk entries with a big spectative profit. IN A TRADE: - IN PROFIT: Close 1/2 position to reach 1:1...
  • #492
  • Dec 21, 2014 8:48am Dec 21, 2014 8:48am
The difference between a 10 pip Renko and a 5 pip Renko could be 290 pips more profit. Haven't you done this exercise? Why not?
Using a very basic method for entries and exits, (work it out for youreselves)
The 10 pip chart yielded 310 pips profit.
The 5 pip chart yielded 600 pips profit.

10 Pip renko
Attached Image (click to enlarge)
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5 pip Renko
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #493
  • Dec 21, 2014 9:03am Dec 21, 2014 9:03am
watch this video if you do not understand Renkos. Not necessarily the best video out there but the better of the few that I had a look at.
Inserted Video



Then you can watch this trader trading the E-Mini S&P 500 using Renko bars. Just for information. 1 point is made up of 4 ticks (pips), each tick is valued at $12.50 so a point is valued at $50.00, so in reality this trader is trading for 12 pips/day using a simple Breakout Strategy.

Inserted Video
Cut your Losers short and let your Winners run.
  • #494
  • Dec 21, 2014 9:05am Dec 21, 2014 9:05am
Quoting montego
Hi can anyone tell me if this spread indicator is set up correctly, as the spread seems high to me, thanks. {image}
Hi,
Can you please share your indi and template setup?
  • #495
  • Dec 21, 2014 9:06am Dec 21, 2014 9:06am
That's all from me for 2014, have a good Xmas see some of you in 2015.
Cut your Losers short and let your Winners run.
  • #496
  • Dec 21, 2014 4:07pm Dec 21, 2014 4:07pm
Quoting dee50
That's all from me for 2014, have a good Xmas see some of you in 2015.
Have a good xmas!

When you have had enough of the festivities I'm sure you will want some respite on here!

Interested in your posts and was just wondering your thoughts on exiting with regard to the fact that Renkos (5 in this instance) can travel the brick size -1, so in this case 4 and then reverse. So do you set your stop or exit at a strict 5 or somewhere up to 9. If that makes any sense at all!

Cheers

Alan
  • #497
  • Dec 21, 2014 4:08pm Dec 21, 2014 4:08pm
i am new to trading, how can i download, or get a renko chart on my MT4 platform, i have searched for it on code base,but can not find it, can some one send me a link to download it, Thank You
  • #498
  • Dec 21, 2014 8:15pm Dec 21, 2014 8:15pm
Quoting GodFire
{quote} I give you a hint look at the date on the bottom and look how long it takes to create one bar.... You should apply the renko bar on a 1 min tf...
Lower timeframe means more noises bro, that's my point.. it takes about 1 day to create 1 renko bar.
As a swing trader, it suits me even though I haven't used it in live account, I think its good enough for trend identifier and love to keep it simple.
  • #499
  • Dec 21, 2014 9:26pm Dec 21, 2014 9:26pm
Hi All, loaded up the chart on M2 offline and is working ok, I am not sure how to have a chart that is 10 pip or 3pip that was pointed out by Dee50 to monitor the trend for entries. Also not all of my currency pairs have a M2 offline chart, most are M1, M5, M15. Not sure how to load M2 offline chart for those.
  • #500
  • Dec 22, 2014 1:15am Dec 22, 2014 1:15am
Hey dee,

if I got it right, you just changed the ema50 to a ema150 on your chart?
Thats the only thing you've changed?

One more thing, what setting do you use on your All Averages MA on your 3 brick chart?
Is it a 5 ema shifted by 2?
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