Disliked{quote} Hi Hutch! As you saw on my screenshots I love your renko style and almost copy itMay I ask your strategy on D1? Maybe you already wrote about it somewhere on FF? Thank you anyway
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Daytrading/scalping with high leverage - my proven strategy 8,734 replies
RENKO Trading SYSTEM - RENKO Indicators 7 replies
A Proven Simple Strategy (2MAs, 1 RSI) 436 replies
Looking for proven scalping strategy to program 1 reply
New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies
Disliked{quote} Hi Hutch! As you saw on my screenshots I love your renko style and almost copy itMay I ask your strategy on D1? Maybe you already wrote about it somewhere on FF? Thank you anyway
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Disliked@Hutch, I am finalizing my trading strategy with your system using hard rules so I can learn and test it more effectively. This is what I have so far. - Only looking at a few GBP pairs over 100 ATR for now with $10 bricks, will probably change in the future. Entry: Only enter when all 3 are shown simultaneously - arrow signal upon closure of a brick - FXBay MACD crosses zero - half trend indicator is appropriate color/changed Exit: - once an opposite arrow has been formed on the closure of a brick (for more conservative and consistent results) -...Ignored
Disliked@Hutch, I am finalizing my trading strategy with your system using hard rules so I can learn and test it more effectively. This is what I have so far. - Only looking at a few GBP pairs over 100 ATR for now with $10 bricks, will probably change in the future. Entry: Only enter when all 3 are shown simultaneously - arrow signal upon closure of a brick - FXBay MACD crosses zero - half trend indicator is appropriate color/changed Exit: - once an opposite arrow has been formed on the closure of a brick (for more conservative and consistent results) -...Ignored
Disliked{quote} You are using the strategy correctly but don't forget that the HalfTrend TT repaints. I normally use a 3 bricks SL but sometime if I have a good trade I'm more aggressive. Consolidation periods are lousy for any strategy. Here is an example. Since I don't leave trades opened overnight it was lousy. {image}Ignored
Disliked{quote} It repaints after candle close, repainting indicators are worthless. Now you got to wonder why would a pro trader since 2005 advise people to use one and pretends that he has never seen it repaint after close? See post 289. I have my own answer.
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Disliked{quote} Im a trusting guy so I assume Hutch has a way around it, or maybe his setting are different. Not sure. Would be great to figure this out, its the only problem with this system and preventing it from being a very powerful tool that could also make for an excellent EA. It might be worth just using renko with fxbay Macd and trading with daily trend only. seems to produce good resultsIgnored
Disliked{quote} {quote} I now believe that the HalfTrend TT repaints but I'm not lying when I stated that I haven't seen it repaint on me after the close of a candle. In any case I prefer the HalfTrend TT indicator because it gives signals one or two candles earlier than HalfTrend indicators that don't repaint so repainting is a small price to pay to get better trades. Metta87, in my opinion you are entirely wrong stating that repainting indicators are worthless. I think you say that because you don't know how to handle repainting indicators and there are...Ignored
Disliked{quote} My D1 strategy is a simple EMA crossover 10/21. Please note that both SS2009 repaint. It's a good strategy but like all strategies it sometime fails as seen on the AUDNZD chart. You can use the FX Bay MACD to indicate the crossover 10/21 but it's not necessary. You can use a MA crossover alert instead of the FPM entry arrow. {file}Ignored
Disliked{quote} {quote} I now believe that the HalfTrend TT repaints but I'm not lying when I stated that I haven't seen it repaint on me after the close of a candle. In any case I prefer the HalfTrend TT indicator because it gives signals one or two candles earlier than HalfTrend indicators that don't repaint so repainting is a small price to pay to get better trades. Metta87, in my opinion you are entirely wrong stating that repainting indicators are worthless. I think you say that because you don't know how to handle repainting indicators and there are...Ignored
Disliked{quote} Repainting indicators look good only in hindsight, all the bad signals are erased and only the good ones are kept. So which early signals are you talking about, when you have multiple late ones that just disappear and make the indi look more sexy than it really is ? It took me less than 20 minutes to see it repaints yet you pretend you never saw it do so, so how long have you been using it then? If you suggest a repainting indi, especially to new traders, just mention that it redraws and dont make it appear for what it is not. That's not...Ignored
Disliked{quote} Have you looked at the old strategy that does not repaint? I backtersted it with a few pairs and the results were still extraordinary. Sure there are some losses during consolidation but they are vastly offset with the huge wins. I just hope these arrows dont actually repaint but I will monitor, if they dont then this is a winnerIgnored
Disliked{quote} Get rid of the repainting and you ll see that this it is just ordinary, test it for yourself and you'll see.Ignored
DislikedHutch, if you have the time please explain how to set up the renko charts like yours from MT4 time based charts. Do you have a step-by step? I have never used renko charts and they look interesting.Ignored
Disliked{quote} looks good. Just curious but why do you prefer an early entry indi that repaints over a sound one that may get you in slightly later? it seems like the repainting indi would get you in unnecessary losses from time to time.Ignored
Disliked{quote} I found that the Fisher Yur4ik indicator to be a subtle repainter almost unnoticed if you don't mark your charts brick by brick. Good news is that I found another version which promises to be legit. You might want to try it out. {file}Ignored
DislikedBeen messing around with some renko strategies and decided to keep it really simple. I went with 10 pip bricks and works best on higher ATR pairs. Super simple, basically just a 10 EMA with a 20 SMMA, sell when EMA crosses the 20 and buy when opposite. There are arrows to show and alert this cross as well. Exit strategy was annoying me so I decided to go with profit based exits. Noticed its rare for the chart to not go at least another brick after an alert, so decided a low RR could still work. - SL is 30 pips but remove half position when 15 pip...Ignored
Disliked{quote} Your money management is quite conservative so it is very sound. Trading 10 pairs at the same time is quite difficult so you need to be careful when you have something like half a dozen opened.Ignored
Disliked{quote} thanks and thanks for the advice. I thought that initially but noticed that there are really only 1 or 2 crosses per pair per day, and London open for me is 3am lol. Do you mean to be careful because it’s a lot to track that many crosses, or be careful to have potentially 10 trades open at one time. Also do you see that RR becoming a problem long term?Ignored