Just to be REALLLLLY pedantic, this is trade management! Money management is deciding how much you want to risk, and how many lots you want to trade with... and the overall plan that goes with it! As i say, really pedantic, but really important. ...

Aggressively Simple Renko

# At little something that I am having a look at is to improve the winning trades and locking in as much profit, while letting the trades run their course...​ Look at these 2 images... image One is showing a profit of about 240 pips. The other is ...

Aggressively Simple Renko

At little something that I am having a look at is to improve the winning trades and locking in as much profit, while letting the trades run their course...​ Look at these 2 images... image One is showing a profit of about 240 pips. The other is ...

Aggressively Simple Renko

​Why not try running with what you were doing? The system itself is not the power, but the mean renko in conjunction with the MM... the strategy without the MM will be a slight overall winner over time, instead of a 100% increase to the balance... ...

Aggressively Simple Renko

Whoops, mucking about with the EA and opened up a trade on the EURUSD....​ Almost hit SL, so will leave it open, as it is a valid signal... but not what I was planning to do... image

Aggressively Simple Renko

Right, my forward backtesting is complete for my raw, no thrills trading... My trade management was as follows: No Break even - I either get a signal to move SL, or it goes to full SL SL of 50 pips Allow hedging trades as necessary ie taking ALL ...

Aggressively Simple Renko

Not sure if this is how I would do it... There is no SMA25 on your renko chart, and this is the base system (not saying your trade is good or bad!) I am liking the look of how you are applying the Mean renkos though, will be interesting to see how ...

Aggressively Simple Renko

Locked in some pips on the USDCAD trade, on the pullback.​ Don't worry about the EA, I am backtesting, and this is the way I need to do it. Just to allay some fears! I need to attach the EA to a live chart, save the template, and then apply a script ...

Aggressively Simple Renko

​ Appreciate your input, however, my backtesting (as in forward testing on historic data, not having the benefit of seeing where the price is going ahead of time...)does not support this view. With the right Trade management approach, it is looking ...

Aggressively Simple Renko

Just a bit of an update. I have been forward testing back testing again over the weekend using an Open all signals rule (which is what all backtesting has been based on) using an EA, but having manual trade management (which is a pain in MT4...) ...

Aggressively Simple Renko

​I don't get the 66 brick size... I have had a look through each picture, and they are all brick size of 50 pips... Remember that a completed brick is 50 pips (25 artificial, and 25 actual) as the image above shows. Mean Renkos also have a tail, to ...

Aggressively Simple Renko

​This is correct. there is an artificial opening on the mean renko, so the opening of the brick is set at he median point of the last brick, but price is already at the close of the previous brick. it effectively shows a 25 pip gain before anything ...

Aggressively Simple Renko

​Hi Tonny, good questions!!! First off the size of the stop loss is pretty much always the same. In my testing, and using the Mean Renko bricks (If you check back through the charts, all the mean renko bricks are the same size, and there are usually ...

Aggressively Simple Renko

Another order opened up on the Dow, and also the liability of the first order has been reduced as well. image I also took a bit of the liability off the USDCAD sell trade as well.

Aggressively Simple Renko

sorry, but the image does not really show much. It could be that the price action is more of an evening star, with the Doji showing that the bulls are stalling, and there is a start of equilibrium in the market. The next candle would prove that the ...

anyone need help?

USDCAD buy trade was closed out for -$7.65 in total (including swap). Funnily enough in all my modelling i always start with a loss... hopefully it follows the same logic and goes on a bit of a run into profit!!! I did slightly hedge against the ...

Aggressively Simple Renko

The USDCAD is a bit choppy, so as per the rules, I have entered a sell. This should mean I am effectively hedged, but could still mean a double loss. Will see how it plays out. You may think that the entry is slightly off - which it is, but part of ...

Aggressively Simple Renko

yep that's right. Mean renkos have an artificial opening, so when candle A closes, candle B closes half way up Candle A... so in a clear trend, at the close of every bar, you have 25 pips gain. What this means is that it helps to view a bit of price ...

Aggressively Simple Renko

Thanks for your input, However Range bars are different to Renko and Mean Renko. ​ Renko bars and Range bars do not give the same clear places to add to your position and move stops. I also think they look completely different... Using range bars ...

Aggressively Simple Renko

They would actually both be taken. I simply did not look that far back on the charts... I was only trying to demonstrate the power of the system when you get 2 or 3 trades in a row. The system is based on a numbers game. As long as you can maintain ...

Aggressively Simple Renko