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- Abade replied 23 hr ago
Mechanical Systems Update #2 I have combined 3 different indicators to create a mechanical trend-following system for GBPJPY using PointO Renko charts. I summarize the most relevant information here: 1) Brick size is 500 points with a fixed spead of ...
- Abade replied Feb 13, 2024
@Amah: image The main reason why I don't recommend trading the news directly is because a lot of things can go wrong: - Flash crash against your positions. - Huge slippage. - Runaway trends. - News events introduce "outliers" and high volatility, ...
- Abade replied Jan 31, 2024
We haven't seen a single screenprint of your trades so there is no way to know if you are overleveraging or trading the wrong setups/instruments. The strategy clearly works in the right hands, IF you have the right mindset, and trading knowledge, ...
- Abade replied Jan 11, 2024
Mechanical Systems Update #1 I have scanned 29 forex pairs using PointO Renko Charts and a very simplistic countertrend system with a limited form of cost averaging and a max of 10 trades. Here are the final results of this research: 1) Pairs that ...
- Abade replied Dec 20, 2023
Gold, 1 minute: image Setup 1: Catched price moving towards a strong support (market reversal). Exited early, just in case. Setup 2: Price is over-extended and close to a strong support, all EMAs have closed below 200 so I risk a countertrend ...
- Abade replied Dec 15, 2023
A more recent example using tick volume to time a countertrend entry (silver): image Exiting at the 50 EMA is also a good option because there is a strong resistance level nearby image What "strong" or "weak" means depends on your personal ...
- Abade replied Dec 15, 2023
Tick Volume is correlated to the instrument's volatility and is non-directional in nature. In other words, it cannot tell you whether price will move towards OR away from the EMAs by itself, but it can tell you IF price is likely to take a break, ...
- Abade replied Dec 8, 2023
Thank you @niks! Looks great. I am trying to understand how the ATR calculations work (is it always x1 ATR multiplier? Does it recalculate size in all candles when ATR changes?): image Best regards.
- Abade replied Dec 6, 2023
You are welcome my friend. MT5 will only use tick data if it is available for any given period. Sadly, MT5 will only store a few months worth of tick data from the broker, so we have to download it externally and create custom instruments if we want ...
- Abade replied Dec 5, 2023
And you were right! I love renkos I also believe that renkos don't provide much information on their own, it's just a grid that simplifies price action to some degree. However, I find that this simplification of price ...
- Abade replied Dec 5, 2023
Very interesting, I've also been experimenting using renko (PointO type) and different type of signals: image AUDCAD, 11 years performance, shorts only: image Currently testing different algorithms, order distances (very tricky), brick sizes and ...
- Abade replied Sep 28, 2023
Check Post #403 in page 21 for that template. If you ever need to find a file in a big thread you can use the search tool, just click on this clip icon: image
- Abade replied Sep 28, 2023
A few gold scalps: image Just following the 9 EMA play and Support/Resistance. Follow up (3 more scalps): image Market is still playing with the 9 EMA, may go deeper now.
- Abade replied Sep 23, 2023
Superb @Amiraven: image image Trading should be 100% fearless like this.
- Abade replied Sep 6, 2023
Welcome @ForexTradey. Some tips based on the provided example: 1) You are trading 5 lots per position in a 50,000 account, that's x10 times bigger than the recommended size. Try 0.5 instead for this demo account (0.01 per $1000). 2) You are using ...
- Abade replied Aug 18, 2023
I agree, very nice trades. Also loving the "gut surfing" term Our three brains/traders: image Interesting choice, do you have a MT5 version of this indicator? I was thinking this is basically a tick chart and may be the better way to ...
- Abade replied Aug 10, 2023
Hi atnrvrdi! I am curious, what's the benefit of using a netting account vs a hedging one with this strategy? As far as I remember the only difference is a directional restriction in the netting account. Thanks. Edit: Was just messing around a bit ...
- Abade replied Aug 9, 2023
Finally someone is trying Renko (flex renko?). I believe it can be a great tool to trade the trend (pullbacks and breakouts): image Let us know how it goes Thanks for sharing your algo with us Darwati! It looks quite impressive and ...
- Abade replied Jul 31, 2023
My friend, amazing trades as always, that exit in particular is simply sublime. image
- Abade replied Jul 27, 2023
Got caught in R4's breakout: image Exited positions at 200 EMA touch which is also a very important R4 support confluence, most positions are in profit. In retrospective I should have accepted my mistake and exited with a small loss when the ...