This screenshot shows a market entry on 7 pip renko that meets each of the rules. is required. This method keeps you out of transitioning markets whichOriginally Posted by ;
might chop you but also misses some fantastic moves consequently.
This screenshot shows a market entry on 7 pip renko that meets each of the rules. is required. This method keeps you out of transitioning markets whichOriginally Posted by ;
might chop you but also misses some fantastic moves consequently.
Buy within the last fractal candle high or within the last fractal candle close?Originally Posted by ;
Thank you!
Highs and lows, not closes. I've been tweaking the strategy to ch more moves and will post an update hereOriginally Posted by ;
once I think that it's all set.
You asked about stop losses - last pivot low or high as described on first post.
The stark reality is that I change these rules depending on market conditions, pivots, and risk tolerance.
Thank you, egy that is really nice. I wonder when you have completed tweaking the approach to ch more motions? Enjoyed reading this particular thread.
Thanks. I enjoy it better with renko pubs. However its just a matter of taste.Originally Posted by ;
It's a profitable strategy. The drawback is there are lots of moves that don't meet
the conditions and so are not traded. As far as further tweaks, I'm entering more on the
retracement, rather than breakout. That's also just a matter of taste and many times
ends in small profits/losses or scratch transactions. Additionally, it puts you in a position at times.
Once I get a profit of 7-10 pips, I do not allow the market come back and put me in a loss.
I'm fine with missing some big moves as a result.
Hi Thruline
Just How are you? I hope you are well and trade fx.
I think this system is still functioning. Do you produce some ea on this system. If you have ea can you share. I will personally knock you if you don't want to publicly talk about no problem.
thanks