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100 Pips daily target, easy to use

  • #261
  • Oct 19, 2016 6:56am Oct 19, 2016 6:56am
Ive been following GB renko system,and now his 100pips system, Thanks GB for all the great work, will try it on demo and post the result here.
Early bird gets the worm
  • #262
  • Oct 19, 2016 6:58am Oct 19, 2016 6:58am
Hi ghostbiker, I stumbled into your indicator and looks too good to be true. how can I get the indicator and test it if I can get a good trade.
  • #263
  • Oct 19, 2016 7:23am Oct 19, 2016 7:23am
Quoting jideoladele
Hi ghostbiker, I stumbled into your indicator and looks too good to be true. how can I get the indicator and test it if I can get a good trade.
have You seen post #1 ?
  • #264
  • Oct 19, 2016 7:26am Oct 19, 2016 7:26am
My first trade with this sys, not sure right or wrong, pls comment on it, Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 48 KB
Early bird gets the worm
  • #265
  • Oct 19, 2016 8:03am Oct 19, 2016 8:03am
Forexbandit,

I have the same chart as you, i.e. EA, followed GB's guideline on page 1, my Entry & exit need to fine tune further I guess, hope to see some green pips.

GB, thank you so much for this wonderful system, cheers.

Arthur

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H1.png Size: 53 KB
  • #266
  • Oct 19, 2016 8:05am Oct 19, 2016 8:05am
Quoting ArthurLe
Forexbandit, I have the same chart as you, i.e. EA, followed GB's guideline on page 1, my Entry & exit need to fine tune further I guess, hope to see some green pips. GB, thank you so much for this wonderful system, cheers. Arthur {image}
Early bird gets the worm
  • #267
  • Oct 19, 2016 8:10am Oct 19, 2016 8:10am
all Traders:

- watch one or two days only what the Indicators do without trading only look

- have patience, trade with patience
  • #268
  • Oct 19, 2016 8:12am Oct 19, 2016 8:12am
Quoting ghostbiker
all Traders: - watch one or two days only what the Indicators do without trading only look - have patience, trade with patience
Noted GB
Early bird gets the worm
  • #269
  • Oct 19, 2016 8:20am Oct 19, 2016 8:20am
Quoting ghostbiker
all Traders: - watch one or two days only what the Indicators do without trading only look - have patience, trade with patience
Good Morning Ghost Biker,

Thanks for the advice. In the description of the system, you mentioned you also trade from Renko Channel line to Renko Channel Line sort of like Zig Zag.

Kindly check highlighted:

Attached Image (click to enlarge)
Click to Enlarge Name: Region.png Size: 276 KB



Could you please explain the entry criteria as Renko channel keeps on repainting?

Thanks Once again
  • #270
  • Oct 19, 2016 8:31am Oct 19, 2016 8:31am
Quoting forexbandit7
My first trade with this sys, not sure right or wrong, pls comment on it, Thanks {image}
Hello Forex Bandit,

GB updated the criteria. So which entry criteria (Criteria 1 or 2) are you using? Kindly check attached snapshot.

Attached Image (click to enlarge)
Click to Enlarge Name: Region-2.png Size: 145 KB


Thanks

PS: Great User Name....
  • #271
  • Oct 19, 2016 8:37am Oct 19, 2016 8:37am
Quoting aaven
{quote} Hello Forex Bandit, GB updated the criteria. So which entry criteria (Criteria 1 or 2) are you using? Kindly check attached snapshot. {image} Thanks PS: Great User Name....
Thanks,criteria 2 i guess
Early bird gets the worm
  • #272
  • Oct 19, 2016 8:39am Oct 19, 2016 8:39am
Renko channel trading is CounterTrend or Retracement trading, is long term on H1
but on long term trading you must have a greater SL I self trade this with SL 100 Pips
and TP 50 Pips and it is a trend I set the TP higher and higher and follow the trend
  • #273
  • Oct 19, 2016 8:40am Oct 19, 2016 8:40am
Quoting forexbandit7
{quote} Thanks,criteria 2 i guess
Thanks Forex Bandit.
  • #274
  • Oct 19, 2016 8:47am Oct 19, 2016 8:47am
Quoting ghostbiker
Renko channel trading is CounterTrend or Retracement trading, is long term on H1 but on long term trading you must have a greater SL I self trade this with SL 100 Pips and TP 50 Pips and it is a trend I set the TP higher and higher and follow the trend
Ghost Biker,

Thanks for the quick response. I now understand the Stop Loss and Target Profit.

So please consider the EUR JPY- 1 Hour Time Frame.

Attached Image (click to enlarge)
Click to Enlarge Name: Demo-1.png Size: 117 KB


Do we directly enter Long at the appearance of Green Dot?

I mean do you look at other conditions like EVO turning green or ONLY green dot?

Thanks
  • #275
  • Oct 19, 2016 8:52am Oct 19, 2016 8:52am
Quoting aaven
{quote} Ghost Biker, Thanks for the quick response. I now understand the Stop Loss and Target Profit. So please consider the EUR JPY- 1 Hour Time Frame. {image} Do we directly enter Long at the appearance of Green Dot? I mean do you look at other conditions like EVO turning green or ONLY green dot? Thanks
Not just green dot,but the rest also must be met before you go long
Early bird gets the worm
  • #276
  • Oct 19, 2016 9:02am Oct 19, 2016 9:02am
Quoting forexbandit7
{quote} Not just green dot,but the rest also must be met before you go long
Hi Forex Bandit,

My understanding is, it is a different system from the one listed. GB says" I trade second order from Renko Channel to Renko Channel like a Zig Zag." May be i am wrong, hoping to hear from GB soon.

Thanks
  • #277
  • Oct 19, 2016 9:10am Oct 19, 2016 9:10am
Quoting aaven
{quote} Hi Forex Bandit, My understanding is, it is a different system from the one listed. GB says" I trade second order from Renko Channel to Renko Channel like a Zig Zag." May be i am wrong, hoping to hear from GB soon. Thanks
no worries, lets wait for his reply, i might be wrong also
Early bird gets the worm
  • #278
  • Oct 19, 2016 9:17am Oct 19, 2016 9:17am
Renko channel points trading (from point to point) long term trading on H1

if the price touch the Renko channel line and come the point

1. you can wait for the evo-slope change the direction

2. you can go in with a buystop order + 15 or 20 Pips and follow with your buy stoporder
with this difference the price if the price go more down (below green line)

3. you can go in directly with a marketOrder

4. I self prefer more the number 2. and you must test it 1. 2. or 3.

my intention: watch 1 or 2 days what die Indicators do
  • #279
  • Oct 19, 2016 9:50am Oct 19, 2016 9:50am
Quoting ghostbiker
Renko channel points trading (from point to point) long term trading on H1 if the price touch the Renko channel line and come the point 1. you can wait for the evo-slope change the direction 2. you can go in with a buystop order + 15 or 20 Pips and follow with your buy stoporder with this difference the price if the price go more down (below green line) 3. you can go in directly with a marketOrder 4. I self prefer more the number 2. and you must test it 1. 2. or 3. my intention: watch 1 or 2 days what die Indicators do
Ghost Biker,

Really appreciate the quick response.

Thanks
  • #280
  • Oct 19, 2016 10:12am Oct 19, 2016 10:12am
Haven't been able to apply this strategy yet, has any one tested the profitability of the strategy ? Hello GB, pls do think this strategy has potentials for long term profitability, if you some statistics and history of d system you can gladly share cos it looks quite simple and straight to the point.
Thanks.
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