By request I've put together a really simple trend following Renko strategy to accommodate the compound money management EA trade panel, but consistent even by it's self
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DislikedRemove heiken ashi !!! you dont need to average/smooth the price with renko, learn to read them, use basic principles on what the price its doing and painting in the chart and you are set.. Hell, even a single moving average its enough in this case too Learn to read renko with OHLC (THAT include wicks) FOR REAL and thats all you need to make money.. Oh and whoever said that renko repaints, no it doesnt repaints UNLESS you are using a really shitty/subpar generator in the first place (it can be fixed easily too)Ignored
DislikedEven without the EA which I am very tempted to get the template is already really cool and useful. Do you change the brick size for different pairs or just keep as it currently is. Going to load up all the majors and some crosses and wait for some alerts.Ignored
Disliked@vdubus I reviewed your compauding strategy and it make sense. For this type of snowballing MM to work you need a very good trading strategy with high win rate from +80% and above because otherwise is hard to get 3 wins in a raw. Do you have some statistics for this renk scalping? ThanksIgnored
Disliked{quote} This is why I designed the EA for that very reason but you math is wrong. example: $25 x 3 compound = $25 + $50 + $100 = $200 Total profit = $175 divided by $25 = 7 x $25 to win again. Employing Renko this makes is visually possible to achieve all three compounded entries in one trade executionIgnored
Disliked{quote} Hi I understood very well if we hit all 3 compounds we have 7 more attempts before we finish the original 25$. My question was: Based on your personal experience using your strategies (you shared more than one) is it possible to achieve 3 wins in a raw easily? The answer is probably no. How often do you get 3 consecutive wins in a week (or month)? What about if after 7 tries we don't get any 3 consecutive win. Do we stop trading?Ignored
DislikedBy request I've put together a really simple trend following Renko strategy to accommodate the compound money management EA trade panel, but consistent even by it's self {image} https://youtu.be/j-AP9cJmeVI {file}Ignored