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More simple is impossible

  • #5,181
  • Jan 25, 2016 6:13am Jan 25, 2016 6:13am
Quoting ramzam
{quote} hi how u get this live price in renko chart can you guide me please
Inserted Video


the only thing what this guy is making wrong is, you have to open a M1 chart and there you drop the renkoEA, not a H1 chart.
Renkos are not time based, they are price based. when price go say 10 pips a new renkobox apears. you will find on the internet a lot of explanations what renkos are.
and very important you have to enable "Auto Trading" on your mt4 http://prntscr.com/9uktvw
  • #5,182
  • Jan 25, 2016 6:56am Jan 25, 2016 6:56am
Quoting Matomi
{quote} Thank you It could be a Real trades, but I was really nervous about volatility, we will see what burger-traders will dish out with open NY session. Btw you have very good feeling for SLs, -7 is gentleman loss, I very often hedge my losses. Always is better way close small loss like you than change 3 times your pants during hedged positions
Yes, I try to keep them as small as possible. I tried adding to a losing position on demo account, worked out 2 out of 3 times, but I lost more on the 3rd than I made with the first two I don't know how you do it, but it takes some balls that's for sure So, you are going live tomorrow?
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,183
  • Edited 8:24am Jan 25, 2016 8:02am | Edited 8:24am
EJ +20.

Price was consolidating. 1st trade: divergence is natural in consolidations (no momentum => oscillator is drawn to the zero line) however small price 123s and stoch 123s made me believe a up move was coming...and of course, price coming off SR. 2nd trade: breakout, deep PB, h.divergence. closed both trades manually because price was stalling at the R level. The deep PB was also weighting on the second trade's momentum. I was also looking at the 5p chart.

That's it for me today. GU and UC had better runners...

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  • #5,184
  • Jan 25, 2016 8:23am Jan 25, 2016 8:23am
Quoting BBalazs
{quote} Yes, I try to keep them as small as possible. I tried adding to a losing position on demo account, worked out 2 out of 3 times, but I lost more on the 3rd than I made with the first two I don't know how you do it, but it takes some balls that's for sure So, you are going live tomorrow?
I think, when you enter on good signal and you do not do pointless mistakes, there is no space for hedging But we are not machines and sometimes it simply happens, then you must cool down and hedge it on logical levels as strong S/R, 61,8% Fibo, strong HTF divergence and always watch on cycles.

As i wrote, better is trade like you do not need to hedge any position

Yes, I want to, we will see how the volatility will be.
  • #5,185
  • Jan 25, 2016 8:24am Jan 25, 2016 8:24am
is it possible to do the trades on ninjatrader or tradestation using dax minifutures ...I mean can I use this system on mt4 to make decisions and take the trade on a dom ladder
  • #5,186
  • Jan 25, 2016 8:26am Jan 25, 2016 8:26am
edit ///; is the ger30 fxcm and mindax futures the same thing?
  • #5,187
  • Jan 25, 2016 8:33am Jan 25, 2016 8:33am
I have a fxcm simulation account and it says min. stop levels 15 points ...is this correct???
  • #5,188
  • Jan 25, 2016 8:45am Jan 25, 2016 8:45am
Quoting bettervolume
is it possible to do the trades on ninjatrader or tradestation using dax minifutures ...I mean can I use this system on mt4 to make decisions and take the trade on a dom ladder
They should be, except ger30 is probably a CFD.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,189
  • Jan 25, 2016 8:48am Jan 25, 2016 8:48am
Quoting Matomi
{quote} I think, when you enter on good signal and you do not do pointless mistakes, there is no space for hedging But we are not machines and sometimes it simply happens, then you must cool down and hedge it on logical levels as strong S/R, 61,8% Fibo, strong HTF divergence and always watch on cycles. As i wrote, better is trade like you do not need to hedge any position Yes, I want to, we will see how the volatility will be.
I'm not sure it's called hedging. I think you refer to averaging down.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,190
  • Jan 25, 2016 9:46am Jan 25, 2016 9:46am
Quoting BBalazs
{quote} I'm not sure it's called hedging. I think you refer to averaging down.
Yeap, it is "half-hedging" if I should be correct
  • #5,191
  • Jan 25, 2016 12:38pm Jan 25, 2016 12:38pm
Too slow today... no bank days except AUD.

Losing trade with -20 in S&P500

Comments are welcome.
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  • #5,192
  • Jan 25, 2016 1:19pm Jan 25, 2016 1:19pm
Quoting cfabian
Too slow today... no bank days except AUD. Losing trade with -20 in S&P500 Comments are welcome. {image}
Were there bank holidays today?
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,193
  • Jan 25, 2016 1:37pm Jan 25, 2016 1:37pm
Just AUD


Quoting BBalazs
{quote} Were there bank holidays today?
  • #5,194
  • Jan 26, 2016 1:49am Jan 26, 2016 1:49am
Quoting cfabian
Just AUD {quote}
Australia Day today guys..................that's why the AUD is a little slow.....
  • #5,195
  • Jan 26, 2016 1:51am Jan 26, 2016 1:51am
Just a quick one..........WHY does the auto trading need to be enabled on the Renkolivecharts?? I've looked at the same chart with the auto trading ticked and unticked.....they are the same charts. What am I missing here?

PM1
  • #5,196
  • Jan 26, 2016 1:53am Jan 26, 2016 1:53am
Quoting PipMonster1
Just a quick one..........WHY does the auto trading need to be enabled on the Renkolivecharts?? I've looked at the same chart with the auto trading ticked and unticked.....they are the same charts. What am I missing here? PM1
I don't think it has to be enabled.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,197
  • Jan 26, 2016 1:55am Jan 26, 2016 1:55am
Enjoy.........

Inserted Video
  • #5,198
  • Jan 26, 2016 2:02am Jan 26, 2016 2:02am
Quoting BBalazs
{quote} I don't think it has to be enabled.
Eurix - states that it needs to be enabled and Dee on many occasions has said the same. I was just wondering why?? I can't see any difference in the charts.

PM1
  • #5,199
  • Jan 26, 2016 2:04am Jan 26, 2016 2:04am
Quoting PipMonster1
{quote} Eurix - states that it needs to be enabled and Dee on many occasions has said the same. I was just wondering why?? I can't see any difference in the charts. PM1
When I open MT4, my Autotrade isn not always enabled and I still get the renko feed. Don't know why though.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,200
  • Jan 26, 2016 2:05am Jan 26, 2016 2:05am
Quoting BBalazs
{quote} When I open MT4, my Autotrade isn not always enabled and I still get the renko feed. Don't know why though.

I am the same!!!
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