Trials in Renko land | Forex Factory

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Trials in Renko land

  • #1
  • First Post: Edited Feb 3, 2016 3:54am Dec 2, 2015 4:59am | Edited Feb 3, 2016 3:54am
####UPDATE....03/02/16......NEW SET-UP AND RULES ON POST 104#######


Current set up is 3 pip Renko with HeikenAshi, Osma, support/resistance and tma. Looking to make 20-21 pips with 7-10 pip stop per trade.
Looking at price extremes with tma and divergence.
hoping to master 7pip stop for 21 profit. 1-3 rr
##UPDATE...RENKO BRICK SIZE IS NOW 2PIP. SL MUST BE 7PIP TP MUST BE 21PIP##

Attached File(s)
File Type: ex4 #TMAx6.ex4   36 KB | 362 downloads

Attached File(s)
File Type: ex4 FastTMALine.ex4   32 KB | 370 downloads

Attached File(s)
File Type: ex4 II_SupDemMod_DarkBG_SolidFill.ex4   36 KB | 384 downloads

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File Type: ex4 renkolivecharts_pimped_v4_13.ex4   24 KB | 349 downloads

Attached File(s)
File Type: tpl iakrenko.tpl   313 KB | 347 downloads


optional extras
Attachment
Attached File(s)
File Type: ex4 Clive's Histogram CCI.ex4   16 KB | 369 downloads

Attached File(s)
File Type: ex4 NewsCal-v107.ex4   48 KB | 337 downloads

Attached File(s)
File Type: tpl #Clive.tpl   308 KB | 331 downloads | Uploaded Jan 18, 2016 5:19pm

Handy
Attached File(s)
File Type: doc Divergence Cheat Sheet.doc   263 KB | 391 downloads

Attached File(s)
File Type: ex4 MA_In_Color.ex4   10 KB | 317 downloads | Uploaded Jan 18, 2016 5:22pm
  • #2
  • Edited 7:32am Dec 2, 2015 5:01am | Edited 7:32am
1 of 10 Long.
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OK so this hasnt really made much progress and is showing signs of reversing. I have moved to BE and it can just do its thing one way or the other.
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Went for a brew and some lunch and just came back to see that trade has worked. +21 pips
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  • #3
  • Dec 2, 2015 11:04am Dec 2, 2015 11:04am
Does the TMA repaint?
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #4
  • Dec 2, 2015 1:43pm Dec 2, 2015 1:43pm
Quoting M0ndm4nn18
Does the TMA repaint?
yes it does. im happy with this though.
  • #5
  • Edited 3:34pm Dec 2, 2015 1:55pm | Edited 3:34pm
3 of 10 (2 was a loss of -10)
Short eur/usd
into resistance. price at edge of tma. divergence.
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Moved to BE
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  • #6
  • Dec 3, 2015 1:03am Dec 3, 2015 1:03am
My first trade.
Long on EURUSD, targeting upper band level for a 30 pips.
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  • #7
  • Edited 4:06am Dec 3, 2015 3:34am | Edited 4:06am
Last nights trade came in a winner for +21 pips
Price diverging now at outer bands and resistance so looking for a long entry...
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In Long. Trade 4 of ten.
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Knocked out for -10 pip
Price still diverging so will look for a new entry...
  • #8
  • Edited 5:52am Dec 3, 2015 4:22am | Edited 5:52am
5/10 Long
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Out-7
  • #9
  • Edited 6:40am Dec 3, 2015 6:23am | Edited 6:40am
6.Long
Counter trend. Divergence at TMA extreme...
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+21pips
Market suddenly gone crazy with news movement so time for a brew and a sanga whilst it does its thing
  • #10
  • Dec 3, 2015 7:41am Dec 3, 2015 7:41am
Wow! it's been quite erratic today. All long trades i entered ended in a loss . Market has been unpredictable with several news coming in. After 3 consecutive losses, i took a bow and stayed away.
  • #11
  • Edited 8:42am Dec 3, 2015 8:28am | Edited 8:42am
7/10 Long
Divergence. price hopefully at end of run...
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Moved to BE as price a bit jumpy this avo...

There she goes.... lovely little pop up for +21pips
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Thats the 4th win out of this batch of ten so the batch will now finish in profit even if the next 3 trades are a loss. Hoping for at least one more win in the next 3 to make it a nice profit.
  • #12
  • Edited 4:39am Dec 4, 2015 4:11am | Edited 4:39am
8/10. Short
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Moved to BE

+21
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  • #13
  • Edited 11:28am Dec 4, 2015 10:33am | Edited 11:28am
9/10 Long.
Bit of a late entry unfortunately
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Out-8
  • #14
  • Dec 4, 2015 11:45am Dec 4, 2015 11:45am
10/10 Long.
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Out +21
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  • #15
  • Dec 4, 2015 11:55am Dec 4, 2015 11:55am
First batch of ten results.
6 wins. +126
4 losers - 35
Pips total for batch +91
  • #16
  • Dec 4, 2015 1:34pm Dec 4, 2015 1:34pm
Quoting iak
First batch of ten results. 6 wins. +126 4 losers - 35 Pips total for batch +91
Fantastic results. Will watch with interest next 10 trades batch. Are all your winning trades 3R? Always out either SL (BE if possible) or TP?
:: everything is awesome ::
  • #17
  • Dec 4, 2015 3:08pm Dec 4, 2015 3:08pm
Quoting Black Fox
{quote} Fantastic results. Will watch with interest next 10 trades batch. Are all your winning trades 3R? Always out either SL (BE if possible) or TP?
Hi. not all trades 3R. some 2r. working on improving entries so that they can all be 3r hopefully. not sure where i am with BE. sometimes i go to be sometimes not. If i can just be consistant and patient then i think i may be able to make this work. batches of ten. 3-4 wins per batch is all i need. If batch finishes in plus pips i will increase lot size. if batch finishes in negative i will reduce lot size. batch 1 was 0.1 lot. batch 2 will be 0.2
  • #18
  • Dec 5, 2015 10:09am Dec 5, 2015 10:09am
You are doing good. Probably not need to change a lot if anything. Perhaps I could post my next 10 currency trades here if you don't mind? But as I'm too cautious it will take some time. Don't expect from me to take ten EU trades in two days.
:: everything is awesome ::
  • #19
  • Dec 5, 2015 1:05pm Dec 5, 2015 1:05pm
Quoting Black Fox
You are doing good. Probably not need to change a lot if anything. Perhaps I could post my next 10 currency trades here if you don't mind? But as I'm too cautious it will take some time. Don't expect from me to take ten EU trades in two days.
Of course mate. Post as much as you like. I can't trade everyday due to working a 4 on 4 off shift so won't always be around. Shld get a couple days in each week though. Posting trades helps to stop me taking random spur if the moment trades as it makes me think more about why I am entering. Looking forward to seeing your charts/trades.
  • #20
  • Edited 5:44am Dec 9, 2015 4:42am | Edited 5:44am
1/10 short
divergence at outer tma bands plus into resistance
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+21pips
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