Hi guys, Today i start to test in demo a 5bricks renko strategy on Dax. It's an hedge strategy, based on naked chart, just S&R and Pivot. I'll create a Trade Explorer so we'll coul see how it go. Demo account is a 100.000 $ and i trade with 40 lot (40$ per pips). See you later.
{quote} Can you explain your hedge strategy??
This isn't the strategy that i use in real.
This edge is based on the open of an egual size and opposit trade when the price went in loss for 10/15 pips. For now i try with 10 pips. The you wait for one other signal in buy or sell. You could chose to close all positions when you're in profit or when the market return on your flat positions... i hope my explanation is clear... if not feel free to ask
- #7,943
- Dec 15, 2016 4:57am Dec 15, 2016 4:57am
- Joined Sep 2014 | Status: No permanent address | 673 Posts
{quote} Hi PhilippineFx, This isn't the strategy that i use in real. This edge is based on the open of an egual size and opposit trade when the price went in loss for 10/15 pips. For now i try with 10 pips. The you wait for one other signal in buy or sell. You could chose to close all positions when you're in profit or when the market return on your flat positions... i hope my explanation is clear... if not feel free to ask
I think I got it....for example....
You open a short position on the dax...
Price goes against you -10 you then open and equal size long position instead of stopping out..
If you get a new buy signal you close the short and manage the remaining long trade.
You do the opposite if your next trade opportunity is a short...[close the long position and manage the remaining short]
You will open a can of worms with this strategy.....many will think of it as paying a double spread but that is not the case if you truly manage the remaining position as a completely new trade.....Thanks for livening things up here and best of luck...
{quote} Good analysis and nice shot Matomi...
- #7,951
- Dec 15, 2016 11:58am Dec 15, 2016 11:58am
Hi guys,
These are trades for today.
All trades are on Dax with Renko 5 brick.
Trade 1: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band. +20pips.
Trade 2: Rapid scalp after broke the Ema 50, I went out on the Band. +5pips.
Trade 3 and 4: are two continuation in trend trade, my entry is after pull back. +8 and +9 pips.
Tomorrow i'll study a better way to manage the demo test...
That's all for today,
Bye
These are trades for today.
All trades are on Dax with Renko 5 brick.
Trade 1: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band. +20pips.
Trade 2: Rapid scalp after broke the Ema 50, I went out on the Band. +5pips.
Trade 3 and 4: are two continuation in trend trade, my entry is after pull back. +8 and +9 pips.
Tomorrow i'll study a better way to manage the demo test...
That's all for today,
Bye
- #7,952
- Dec 15, 2016 12:28pm Dec 15, 2016 12:28pm
Hi guys, These are trades for today. All trades are on Dax with Renko 5 brick. Trade 1: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band. +20pips. Trade 2: Rapid scalp after broke the Ema 50, I went out on the Band. +5pips. Trade 3 and 4: are two continuation in trend trade, my entry is after pull back. +8 and +9 pips. Tomorrow i'll study a better way to manage the demo test... That's all for today, Bye
BTW - The strategy you are currently testing on demo I was testing a year ago, we have had about 20 differently EAs and none of them survived more than few days. The idea is great, it is holy grail without any doubt, because price must break to one direction sooner or later. The only problem is, when it is later. In a moment you find out that you are fighting for 3 or 5 pips with 300 lots, what is nothing else than trying to win over market everytime, even if you were not right. After hundreds and hundreds of hours trying to automated trading I can write with absolutely tranquility that only and the best way is trading like is shown in this thread and you are doing on Real account .
{quote} Exemplary trades
- #7,955
- Edited 1:53am Dec 16, 2016 1:26am | Edited 1:53am
{quote} Hi Xian, thanks. The indicator is TMA bands, are bands @20 period based on Adx. I use it just to identify cicle. If interest i'll post the indi. Let me know.
Thx for the offer, I already have it but prefer dont use it, full nude charts is my final objetive.
When tired I spend some time recreating charts from other traders....but that yellow doted ones I couldnt get the same :-)
Dax ....-5 ... BE+2 x 4........+ 18 Price was going off like a Trump lie detector print-out{image}
DAX +6 I am in hurry as always, but I decided sacrifice time to this nice setup. Exited with small gain, but I was not very confident with holding it against couple of HTF S/Rs. {image}
I thought I will show you a little bit of cowboy trading and how we should NOT trade.
Hi guys, Today i start to test in demo a 5bricks renko strategy on Dax. It's an hedge strategy, based on naked chart, just S&R and Pivot. I'll create a Trade Explorer so we'll coul see how it go. Demo account is a 100.000 $ and i trade with 40 lot (40$ per pips). See you later.
A question just to know: all brokers allow hedging ?
Edited: That Merge button is sooooo good :-)
[quote=xian;9354320]{quote} I meant the yellow doted ones. Thx for the offer, I already have it but prefer dont use it, full nude charts is my final objetive. When tired I spend some time recreating charts from other traders....but that yellow doted ones I couldnt get the same :-)
Hi Xian, the yellow dotted are two Smoothed MA period 5, one @ Low and onee @ High.
{quote} Ill keep an eye on it :-) A question just to know: all brokers allow hedging ?
I don't know exactly
Hi Xian, the yellow dotted are two Smoothed MA period 5, one @ Low and onee @ High.
{quote} Ill keep an eye on it :-) A question just to know: all brokers allow hedging ?
I don't know exactly
- #7,958
- Dec 16, 2016 4:21am Dec 16, 2016 4:21am
- Joined Sep 2014 | Status: No permanent address | 673 Posts
[quote=matmomo;9354793] Pepperstone allows hedging
{quote} I meant the yellow doted ones. Thx for the offer, I already have it but prefer dont use it, full nude charts is my final objetive. When tired I spend some time recreating charts from other traders....but that yellow doted ones I couldnt get the same :-) Hi Xian, the yellow dotted are two Smoothed MA period 5, one @ Low and onee @ High. {quote} Ill keep an eye on it :-) A question just to know: all brokers allow hedging ? I don't know exactly
