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Trading 50% Retrace

  • #21
  • Dec 7, 2016 2:17pm Dec 7, 2016 2:17pm
Thanks ikouki for sharing a smart idea that works. And your templates show how you are caring and thoughtful.
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Click to Enlarge Name: 2016-12-08 05_07_42-2 - GER30,M2 (offline).png Size: 76 KB
  • #22
  • Dec 7, 2016 9:30pm Dec 7, 2016 9:30pm
Quoting myfx
{quote} Very true. This is the reason majority fail. They don't want to put an effort. Originator of this thread has given us a simple method yet these lazy fellas want EA.
The reason is simple. All manually entered transactions were closed SL.
Please excuse the bad English via Google Translate.
  • #23
  • Dec 8, 2016 7:24am Dec 8, 2016 7:24am
Quoting shatz
{quote} Probably on the 1 minute chart you have to move to the start of the chart (the oldest candles) before applying the template.
Thank you Shatz for the answer,

but I have the same problem,

can you write me if the values are ok?

Thank you.

L.
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  • #24
  • Dec 8, 2016 1:49pm Dec 8, 2016 1:49pm
Quoting toscano
{quote} Thank you Shatz for the answer, but I have the same problem, can you write me if the values are ok? Thank you. L. {image}
Have you used proper template? It seems you haven't.
  • #25
  • Dec 8, 2016 1:55pm Dec 8, 2016 1:55pm
Swap should be taken into account when trading this method.
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Click to Enlarge Name: 2016-12-09 04_45_30-.png Size: 35 KB
Attached File(s)
File Type: ex4 spread_swap.ex4   9 KB | 552 downloads
Attached File(s)
File Type: mq4 spread_swap.mq4   4 KB | 597 downloads
  • #26
  • Dec 8, 2016 2:17pm Dec 8, 2016 2:17pm
Quoting toscano
{quote} Thank you Shatz for the answer, but I have the same problem, can you write me if the values are ok? Thank you. L. {image}
Hi toscano,

You have to apply the template "Use this on your M1 chart.tpl " from post #1 to your 1 min chart.

Regards
  • #27
  • Dec 8, 2016 2:43pm Dec 8, 2016 2:43pm
Looks simple and effective, will give it a go tomorrow, thx for sharing : )
  • #28
  • Dec 8, 2016 2:47pm Dec 8, 2016 2:47pm
Thanks Risin Sun and Shatz,

i put the right tpl and the situation is indicated on the following screen shots:

is right "renko boxsize" 1000?

Thank you.

Leonardo
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Click to Enlarge Name: Screenshot2.png Size: 139 KB
  • #29
  • Dec 8, 2016 3:01pm Dec 8, 2016 3:01pm
Quoting toscano
Thanks Risin Sun and Shatz, i put the right tpl and the situation is indicated on the following screen shots: is right "renko boxsize" 1000? Thank you. Leonardo {image} {image}
Yes, it is correctly 1000 points, which equals 100.0 pips. 1 pip is 10 points. You see it says "size in points, not pips".
  • #30
  • Dec 8, 2016 3:09pm Dec 8, 2016 3:09pm
Quoting RisingSun
{quote} Yes, it is correctly 1000 points, which equals 100.0 pips. 1 pip is 10 points. You see it says "size in points, not pips".
Thanks again RisingSun,

for your experience, why in the m2 graph are only 3 candles?

Thank you.

Leonardo
  • #31
  • Dec 8, 2016 3:13pm Dec 8, 2016 3:13pm
Leave PC on, bars will build up. Patience.
  • #32
  • Dec 8, 2016 9:12pm Dec 8, 2016 9:12pm
I'm quite sure this method would be far better with a 1-2 risk-reward.
  • #33
  • Dec 8, 2016 11:55pm Dec 8, 2016 11:55pm
Quoting RisingSun
Leave PC on, bars will build up. Patience.
Thank you RisinSun

and have a good day!!!!!

Leonardo
  • #34
  • Edited 1:39am Dec 9, 2016 1:28am | Edited 1:39am
Just to let you guys know..i been using this method for 3 days on a live account. By the way, i changed R:R a bit. TP 50 pips and SL 100 pips (I will not encourage anyone to follow mine, PLEASE stick to POST 1 of this thread).

1st day - 50 pips TP hit
2nd day - 50 pips TP hit
3rd day - Closed with 25 pips (Don't want to hold till weekends)
-happyTrading-myFx.
  • #35
  • Dec 9, 2016 2:20am Dec 9, 2016 2:20am
Expert Advisor by pomohlo. Alebo aspoň počuteľné oznámenia o novej sviečky Renko. A e-mailové oznámenie. Nová sviečka môže dôjsť kedykoľvek.
Please excuse the bad English via Google Translate.
  • #36
  • Dec 9, 2016 3:04am Dec 9, 2016 3:04am
Quoting myfx
Just to let you guys know..i been using this method for 3 days on a live account. By the way, i changed R:R a bit. TP 50 pips and SL 100 pips (I will not encourage anyone to follow mine, PLEASE stick to POST 1 of this thread). 1st day - 50 pips TP hit 2nd day - 50 pips TP hit 3rd day - Closed with 25 pips (Don't want to hold till weekends)
myfx, which currency pair were these trades taken on, just curious. Going through the process of researching which pairs to possibly trial this on? Thanks.
  • #37
  • Edited 3:31am Dec 9, 2016 3:21am | Edited 3:31am
Quoting myfx
Just to let you guys know..i been using this method for 3 days on a live account. By the way, i changed R:R a bit. TP 50 pips and SL 100 pips (I will not encourage anyone to follow mine, PLEASE stick to POST 1 of this thread). 1st day - 50 pips TP hit 2nd day - 50 pips TP hit 3rd day - Closed with 25 pips (Don't want to hold till weekends)

I think 50pips TP is going to give more win rate that will offset the loses!
  • #38
  • Edited 3:36am Dec 9, 2016 3:23am | Edited 3:36am
Quoting dokopy
Expert Advisor by pomohlo. Alebo aspoň počuteľn oznmenia o novej sviečky Renko. A e-mailov oznmenie. Nov sviečka me djsť kedykoľvek.
Another Lazy talking about EA
-happyTrading-myFx.
  • #39
  • Dec 9, 2016 3:50am Dec 9, 2016 3:50am
Quoting ikouki
This strategy uses Mean Renko range Bars
May I politely suggest that anyone wishing to trade this method live is 100% sure that they fully understand how these bars are drawn.

It appears to me that this is definitely not the case...
  • #40
  • Dec 9, 2016 5:20am Dec 9, 2016 5:20am
Quoting myfx
{quote} Another Lazy talking about EA
Do you have a better idea how to avoid nonstop viewing of your monitor?
Please excuse the bad English via Google Translate.
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